CONDENSED STATEMENT OF OPERATIONS (Unaudited) - USD ($) |
3 Months Ended | 4 Months Ended | 9 Months Ended | |
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2015 |
Sep. 30, 2016 |
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| Income Statement [Abstract] | ||||
| Revenues | $ 0 | $ 0 | $ 0 | $ 0 |
| Professional fees and other expenses | (2,257,304) | (73,223) | (85,223) | (4,583,139) |
| State franchise taxes, other than income tax | (45,000) | (135,000) | (135,000) | (135,000) |
| Loss from operations | (2,302,304) | (208,223) | (220,223) | (4,718,139) |
| Other income - Interest and dividend income | 161,070 | 1,416 | 1,416 | 386,139 |
| Net loss | $ (2,141,234) | $ (206,807) | $ (218,807) | $ (4,332,000) |
| Weighted average common shares outstanding | 11,124,933 | 9,375,000 | 9,375,000 | 11,124,933 |
| Basic and diluted | ||||
| Net loss per common share: | $ (0.19) | $ (0.02) | $ (0.02) | $ (0.39) |
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- Definition Professional fees and other expenses. No definition available.
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- Definition State franchise taxes. No definition available.
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- References No definition available.
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- References No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount, after discount, accretion and premium amortization, of interest income and dividend income classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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