STG 10-Q 13 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	12-May-15
Document Information [Line Items]
Entity Registrant Name	Global Defense & National Security Systems, Inc.
Entity Central Index Key	1583513
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Trading Symbol	GDEF
Entity Common Stock, Shares Outstanding		9,624,725
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

CONDENSED_BALANCE_SHEETS

CONDENSED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
Current assets:
Cash	$235,999	$410,261
Prepaid insurance	58,488	44,884
Total current assets	294,487	455,145
Cash and investments held in Trust Account	72,834,857	72,833,815
Total assets	73,129,344	73,288,960
Current liabilities:
Accounts payable and accrued expenses	359,106	257,575
Convertible promissory note to affiliate	1,263,263	1,263,263
Due to affiliate	343,790	248,536
Total current liabilities	1,966,159	1,769,374
Deferred underwriters fees	1,897,500	1,897,500
Total liabilities	3,863,659	3,666,874
Common stock subject to possible redemption: 6,091,533 shares (at redemption value) at March 31, 2015 (6,125,315 at December 31, 2014)	64,265,684	64,622,085
Stockholders' equity
3,533,192 and 3,499,410 shares issued and outstanding (excluding 6,091,533 and 6,125,315 shares subject to possible redemption) at March 31, 2015 and December 31, 2014, respectively	353	350
Additional paid-in capital	-2,564,173	7,207,424
Accumulated deficit	7,563,821	-2,207,773
Total stockholders’ equity	5,000,001	5,000,001
Total liabilities and stockholders’ equity	$73,129,344	$73,288,960

CONDENSED_BALANCE_SHEETS_Paren

CONDENSED BALANCE SHEETS [Parenthetical]	Mar. 31, 2015	Dec. 31, 2014
Common Stock, Shares, Issued	3,533,192	3,499,410
Common Stock, Shares, Outstanding	3,533,192	3,499,410
Temporary Equity, Shares Outstanding	6,091,533	6,125,315

CONDENSED_STATEMENTS_OF_OPERAT

CONDENSED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Revenue	$0	$0
General and administrative expenses	357,442	1,198,348
Loss from operations	-357,442	-1,198,348
Interest income	1,042	12,157
Net loss attributable to common stock not subject to possible redemption	($356,400)	($1,186,191)
Weighted average number of common shares, excluding shares subject to possible redemption - basic and diluted	3,499,785	3,299,461
Net loss per common share, excluding shares subject to possible redemption - basic and diluted	($0.10)	($0.36)

CONDENSED_STATEMENT_OF_CHANGES

CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Balances at Dec. 31, 2013	$5,000,001	$329	$5,084,805	($85,133)
Balances (in shares) at Dec. 31, 2013		3,298,212
Decrease in carrying amount of redeemable shares subject to possible redemption	1,186,191	12	1,186,179	0
Decrease in carrying amount of redeemable shares subject to possible redemption (in shares)		112,435
Net loss attributable to common stock not subject to possible redemption	-1,186,191	0	0	-1,186,191
Balances at Mar. 31, 2014	5,000,001	341	6,270,984	-1,271,324
Balances (in shares) at Mar. 31, 2014		3,410,647
Balances at Dec. 31, 2014	5,000,001	350	7,207,424	-2,207,773
Balances (in shares) at Dec. 31, 2014		3,499,410
Decrease in carrying amount of redeemable shares subject to possible redemption	356,400	3	356,397	0
Decrease in carrying amount of redeemable shares subject to possible redemption (in shares)		33,782
Net loss attributable to common stock not subject to possible redemption	-356,400	0	0	-356,400
Balances at Mar. 31, 2015	$5,000,001	$353	$7,563,821	($2,564,173)
Balances (in shares) at Mar. 31, 2015		3,533,192

CONDENSED_STATEMENT_OF_CHANGES1

CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY [Parenthetical]	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Temporary Equity, Shares Outstanding	6,091,533	6,125,315	6,214,078

CONDENSED_STATEMENTS_OF_CASH_F

CONDENSED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash Flows From Operating Activities:
Net loss	($356,400)	($1,186,191)
Adjustments to reconcile net loss to net cash used in operating activities:
Interest on Trust Account	-1,042	-12,157
Change in operating assets and liabilities:
Prepaid insurance	-13,604	16,382
Accounts payable and accrued expenses	101,530	764,968
Due to affiliate	95,254	183,158
Net cash used in operating activities	-174,262	-233,840
(Decrease) in cash	-174,262	-233,840
Cash at beginning of period	410,261	827,541
Cash at end of period	235,999	593,701
Supplemental Disclosure of Non-Cash Financing Activities:
Deferred underwriters' fee	0	1,897,500
Supplemental Disclosure of Cash Flow Information:
Cash paid for Franchise taxes	$0	$91,277

DESCRIPTION_OF_ORGANIZATION_AN

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1	DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
	Global Defense & National Security Systems, Inc. (the “Company”) is an organized blank check company incorporated in Delaware on July 3, 2013. The Company was formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, exchangeable share transaction or other similar business transaction, one or more operating businesses or assets that we have not yet identified (“Business combination”). The Company has neither engaged in any operations nor generated revenue to date.
	At March 31, 2015, the Company had not commenced any operations. All activity through March 31, 2015, relates to the Company’s formation, the initial public offering (“Public Offering”) described below in Note 3, activities relating to identifying and evaluating prospective Business Combination candidates and activities relating to general corporate matters.
	The registration statement for the Public Offering was declared effective on October 24, 2013. The Company consummated the Public Offering on October 29, 2013 and received net proceeds of approximately $73,545,000 which includes $7,215,000 received from the private placement of 721,500 ( the “private placement”) shares to Global Defense & National Security Holdings LLC, a Delaware limited liability Company (the “sponsor”) (as described in Note 3).
	The underwriters also exercised their over-allotment option on consummation of the Public Offering on October 29, 2013. The above net proceeds include $9,495,000 as a result of the over-allotment, which includes $765,000 additional private placement.
	The Company’s management has broad discretion with respect to the specific application of the net proceeds of its Public Offering (as defined in Note 3 below), although substantially all of the net proceeds of the Public Offering are intended to be generally applied toward consummating a Business Combination. Furthermore, there is no assurance that the Company will be able to successfully effect a Business Combination.
	Net proceeds of $72,795,000 from the Public Offering and simultaneous private placements of the placement shares (as described below in Note 3) are being held in a trust account (“Trust Account”) in the United States maintained by American Stock Transfer & Trust Company, acting as trustee, and invested in U.S. “government securities,” within the meaning of Section 2(a)(16) of the Investment Company Act of 1940 (the “1940 Act”) with a maturity of 180 days or less or in any open ended investment company that holds itself out as a money market fund selected by the Company meeting the conditions of paragraphs (c)(2), (c) (3) and (c)(4) of Rule 2a-7 of the 1940 Act, as determined by the Company, until the earlier of: (i) the consummation of a Business Combination or (ii) the distribution of the Trust Account as described below.
	The Company will proceed with a Business Combination if it is approved by the board of directors. In the event that the Company is required to seek stockholder approval in connection with our initial Business Combination, the Company will proceed with a Business Combination only if a majority of the outstanding shares of Common Stock cast at the meeting to approve the Business Combination are voted for approval of such Business Combination. In connection with such a vote, the Company will provide our stockholders with the opportunity to have their shares of our Common Stock converted to cash upon the consummation of our initial Business Combination at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including any amounts representing interest earned on the Trust Account, less any interest released to us for the payment of taxes, divided by the number of then outstanding shares of Common Stock that were sold in the Public Offering, subject to the limitations described within the registration statement and any limitations (including but not limited to cash requirements) agreed to in connection with the negotiation of terms of a proposed Business Combination. These shares of Common Stock were recorded at a redemption value and classified as temporary equity prior to the Public Offering being closed, in accordance with ASC 480 “Distinguishing Liabilities from Equity”. However, in no event will the Company redeem its Public Shares in an amount that would cause its net tangible assets to be less than $5,000,001 upon the initial Business Combination. The initial stockholder, Global Defense & National Security Holdings LLC (the “Sponsor”) has agreed, in the event the Company is required to seek stockholder approval of its Business Combination, to vote its Sponsor’s Shares (as defined in Note 5 below), Private Placement Shares (as defined in Note 3 below) and any Public Shares held, in favor of approving a Business Combination.
	Liquidation and going concern
	Our Sponsor, officers and directors have agreed that the Company will have only 21 months from the date of our prospectus (October 24, 2013) to consummate our initial Business Combination. If we are unable to consummate our initial Business Combination by July 24, 2015, we will (i) cease all operations except for the purposes of winding up of our affairs; (ii) distribute the aggregate amount then on deposit in the Trust Account, including a portion of the interest earned thereon which was not previously used for payment of franchise and income taxes, pro rata to our public stockholders by way of redemption of our Public Shares (which redemption would completely extinguish such holders’ rights as stockholders, including the right to receive further liquidation distributions, if any); and (iii) as promptly as possible following such redemption, dissolve and liquidate the balance of our net assets to our remaining stockholders, as part of our plan of dissolution and liquidation. The mandatory liquidation and subsequent dissolution raises substantial doubt about the Company’s ability to continue as a going concern. The Sponsor has agreed to waive its redemption rights with respect to the Sponsor’s Shares and Private Placement Shares (i) in connection with the consummation of a Business Combination, (ii) if we fail to consummate our initial Business Combination within 21 months from the date of our prospectus (October 24, 2013), (iii) in connection with an expired or unwithdrawn tender offer, and (iv) upon our liquidation prior to the expiration of the 21 month period. However, if our Sponsor should acquire Public Shares in or after the Public Offering, it will be entitled to receive its pro rata share of cash proceeds distributed by the Company with respect to such Public Shares if we fail to consummate a Business Combination within the required time period. The underwriters have agreed to waive their rights to their deferred underwriting commission held in the Trust Account in the event we do not consummate a Business Combination within 21 months from the date of our prospectus (October 24, 2013) and, in such event, such amounts will be included with the funds held in the Trust Account that will be available to fund the conversion of our Public Shares. In the event of such distribution, it is possible that the per share value of the residual assets remaining available for distribution (including Trust Account assets) will be less than the initial Public Offering price per share of Common Stock in the Public Offering.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of presentation
	The accompanying financial statements are presented in U.S. dollars in conformity with U.S. generally accepted accounting principles (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”).
	In July 2014, the Company identified and corrected an error related to the accounting for the Company’s changes in amounts subject to possible redemption for the period ended December 31, 2013. The Company determined that its changes in amounts subject to possible redemption should have been accounted for as an adjustment to additional paid-in capital instead of as an adjustment to accumulated deficit. There was no change in previously reported total assets, total liabilities, common stock subject to possible redemption or net loss attributable to common shares for any of the periods. The accompanying financial statements have been revised to reflect a balance in accumulated deficit with a corresponding increase of additional paid-in capital as of December 31, 2013. In accordance with Securities and Exchange Commission ("SEC") Staff Accounting Bulletin Nos. 99 and 108 (“SAB 99” and “SAB 108”), the Company has evaluated these errors and, based on an analysis of quantitative and qualitative factors, has determined that they were not material to each of the prior reporting periods affected and no amendments of previously filed form 10-Q or form 10-K reports with the SEC are required.
	Recently adopted accounting standard
	The Company complied with the reporting requirements of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915, “Development Stage Entities.” At December 31, 2014, the Company adopted Accounting Standards Update (ASU) No. 2014-10, which eliminated certain financial reporting requirements of companies previously identified as “Development Stage Entities” (Topic 915). The amendments in this ASU simplify accounting guidance by removing all incremental financial reporting requirements for development stage entities. The amendments also reduce data maintenance and, for those entities subject to audit, audit costs by eliminating the requirement for development stage entities to present inception-to-date information in the statements of income, cash flows, and stockholders’ equity. As of March 31, 2015 and December 31, 2014, the Company’s financial statements have been presented to conform with the reporting and disclosure requirements of ASU No. 2014-10.
	Net loss per common share
	The Company complies with accounting and disclosure requirements of FASB ASC 260, “Earnings Per Share.” Net loss per share of common share is computed by dividing net loss attributable to common stock not subject to possible redemption by the weighted average number of shares of common share outstanding for the period.
	Diluted net loss per share of common share is computed by dividing net loss applicable to common stockholders by the weighted average number of common shares outstanding, plus, to the extent dilutive, the incremental number of common shares to settle the convertible advance made by the Sponsor (see Note 5), as calculated using the treasury stock method. However, due to the losses presented for all periods, incremental common shares are not considered as they are antidilutive. As a result, diluted profit/loss per share of common share is the same as basic profit/loss per common share for the period. At March 31, 2015, the Company had an outstanding advance owing to Sponsor convertible into 121,819 common shares.
	Concentration of credit risk
	Financial instruments that potentially subject the Company to concentration of credit risk consist of cash accounts in a financial institution which, at times may exceed the Federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.
	Fair value of financial instruments
	The Company complies with ASC 820, “Fair Value Measurement”, for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period, and non-financial assets and liabilities that are re-measured and reported at fair value at least annually.
	The following tables present information about the Company’s assets that are measured at fair value on a recurring basis as of March 31, 2015 and December 31, 2014 respectively, and indicate the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities. Fair values determined by Level 2 inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability:
										Significant Other
						Quoted Prices in		Significant Other		Unobservable
			March 31,			Active Markets		Observable		Inputs
	Description		2015			(Level 1)		Inputs (Level 2)		(Level 3)
	Assets:
	Cash equivalents held in Trust Account: U.S. Government Treasury Bills		$	72,832,325		$	72,832,325	$	-	$	-
										Significant Other
						Quoted Prices in		Significant Other		Unobservable
						Active Markets		Observable		Inputs
	Description		31-Dec-14			(Level 1)		Inputs (Level 2)		(Level 3)
	Assets:
	Cash equivalents held in Trust Account: U.S. Government Treasury Bills		$	72,830,252		$	72,830,252	$	-	$	-
	Recent accounting pronouncement
	In August 2014, FASB issued ASU No. 2014-15, “Presentation of Financial Statements – Going Concern (Subtopic 205-40), Disclosure of uncertainties about an entity’s ability to continue as a going concern”, which requires management to evaluate whether there is a substantial doubt about an entity’s ability to continue as a going concern. This ASU is effective for the annual reporting period ending after December 15, 2016, and for interim and annual reporting periods thereafter. Early adoption is permitted. The Company is currently evaluating the adoption of this ASU and its impact on the Company’s financial statements.
	Management does not believe that any other recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.
	Use of estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Income taxes
	The Company complies with the accounting and reporting requirements of FASB ASC, 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income.
	Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. At March 31, 2015 and December 31, 2014, the Company has a net deferred tax asset, before valuation allowance, of approximately $995,000 and $856,000 respectively, related to net operating loss carry forwards (which begin to expire in 2033), organizational costs, and start-up costs. Management has determined that a full valuation allowance of the deferred tax asset is appropriate at this time.
	FASB Interpretation No. 48, "Accounting for Uncertainty in Income Taxes" (FIN 48) (now incorporated into FASB ASC 740, Income Taxes), sets out a consistent framework to determine the appropriate level of tax reserves to maintain for uncertain tax positions. This interpretation uses a two-step approach wherein a tax benefit is recognized if a position is more-likely-than-not to be sustained upon examination by taxing authorities. The amount of the benefit is then measured to be the highest tax benefit that is greater than 50% likely to be realized. Based on its analysis, the Company has determined that it has no unrecognized tax benefits as of March 31, 2015. The Company's conclusion may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analyses of and changes to tax laws, regulations and interpretations thereof. The Company recognizes interest and penalties related to unrecognized tax benefits in interest expense and other expenses, respectively. No interest expense or penalties have been recognized as of March 31, 2015. The Company files an income tax return in the U.S. federal jurisdiction, and may file income tax returns in various U.S. states and foreign jurisdictions. The Company may be subject to potential examination by U.S. federal, U.S. states or foreign jurisdiction authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with U.S. federal, U.S. state and foreign tax laws.
	The reconciliation of the U.S. federal statutory income tax rate to the Company's effective tax rate for the three months ended March 31, 2015 was as follows:
	U.S. federal statutory income tax rate			35	%
	Increase (decrease) in tax rate resulting from:
	State and local income taxes net of federal benefit			3.9	%
	Change in Valuation Allowance			-38.9	%
	Effective tax rate			0	%
	Redeemable Common Stock
	All of the shares of Common Stock sold at the Public Offering contained a redemption feature which allows for the redemption of shares of Common Stock under the Company's liquidation or tender offer/ stockholder approval provisions. In accordance with ASC 480, redemption provisions not solely within the control of the Company require the security to be classified outside of permanent equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity's equity instruments, are excluded from the provisions of ASC 480. Although the Company does not specify a maximum redemption threshold, its amended and restated certificate of incorporation provides that a Business Combination shall not be consummated if the Company has net tangible assets less than $5,000,001 upon such consummation.
	The Company recognizes changes in redemption value immediately as they occur and will adjust the carrying value of the security to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of redeemable Common Stock shall be affected by charges against paid-in capital.
	Accordingly, at March 31, 2015, 6,091,533 (December 31, 2014, 6,125,315 of the Public Shares) are classified outside of permanent equity at their redemption value. The redemption value is equal to the pro rata share of the aggregate amount then on deposit in the Trust Account, including interest but less taxes payable and amounts released for working capital (approximately $10.55 at March 31, 2015 and December 31, 2014).

PUBLIC_OFFERING

PUBLIC OFFERING	3 Months Ended
	Mar. 31, 2015
Public Offering [Abstract]
Public Offering Disclosure [Text Block]	3	PUBLIC OFFERING
	The Public Offering called for the Company to offer for sale 6,000,000 shares of the Company’s common stock, $0.0001 par value (the “Common Stock”), at $10.00 per share (or 6,900,000 shares of Common Stock after the underwriters’ over-allotment option was exercised in full) (“Public Shares”). The Company granted the underwriters a 45 day option to purchase up to 900,000 shares of Common Stock to cover over-allotment. The over-allotment option was exercised by the underwriter upon consummation of the Public Offering on October 29, 2013. The Company’s management has broad discretion with respect to the specific application of the net proceeds of this Public Offering and the Sponsor’s Shares, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. Furthermore, there is no assurance that the Company will be able to effect a Business Combination successfully. Upon closing the Public Offering, management agreed the price per Public Share sold in the Public Offering, including the proceeds of the private placement of the Private Placement Shares, be deposited in the Trust Account and invested in United States government treasury bills having a maturity of 180 days or less or in money market funds meeting certain conditions under Rule 2a-7 promulgated under the Investment Company Act of 1940, as amended, that invest solely in U.S. treasuries until the earlier of the consummation of its first Business Combination and the Company’s failure to consummate a Business Combination within 21 months from the date of our prospectus (October 24, 2013). Placing funds in the Trust Account may not protect those funds from third party claims against the Company. Although the Company will seek to have all vendors, service providers, prospective target businesses or other entities it engages, execute agreements with the Company waiving any claim of any kind in or to any monies held in the Trust Account, there is no guarantee that such persons will execute such agreements. The Sponsor has agreed that it will be liable under certain circumstances to ensure that the proceeds in the Trust Account are not reduced by the claims of target businesses or vendors or other entities that are owed money by the Company for services rendered, contracted for or products sold to the Company. However, it may not be able to satisfy those obligations should they arise. The remaining net proceeds (held outside the Trust Account) may be used to pay for business, legal and accounting due diligence on prospective acquisitions and continuing general and administrative expenses.
	The amount of proceeds not deposited in the Trust Account (after Public Offering expenses) was $1,082,434 at closing of the Public Offering. In addition, interest income on the funds held in the Trust Account may be released to the Company to pay its franchise and income tax obligations.
	The Company has its shares listed on the NASDAQ Capital Market (“NASDAQ”). Pursuant to the NASDAQ listing rules, the target business or businesses that the Company acquires must collectively have a fair market value equal to at least 80% of the balance of the funds in the Trust Account at the time of the execution of a definitive agreement for its Business Combination, although the Company may acquire a target business whose fair market value significantly exceeds 80% of the Trust Account balance.
	In connection with the Public Offering, the Sponsor purchased shares of Common Stock at a price of $10.00 per share (the “Private Placement Shares”) in a private placement which occurred simultaneously with the consummation of the Public Offering. The purchase price of the Private Placement Shares is added to the proceeds from the Public Offering held in the Trust Account. If we do not complete a Business Combination within 21 months from the date of our prospectus (October 24, 2013), the proceeds from the sale of the Private Placement Shares held in the Trust Account will be used to fund the redemption of our Public Shares (subject to the requirements of applicable law). There will be no redemption rights or liquidating distributions with respect to the Private Placement Shares, which will expire worthless.
	The Private Placement Shares will not be transferable, assignable or saleable until 30 days after the consummation of our initial Business Combination, subject to certain limited exceptions, including (i) to any member of our Sponsor (“Sponsor Member”), (ii) by gift to a member of the Sponsor Member’s immediate family for estate planning purposes or to a trust, the beneficiary of which is our Sponsor or a member of the Sponsor Member’s immediate family, (iii) if the Sponsor Member is not a natural person, by gift to a member of the immediate family of such Sponsor Member’s controlling person for estate planning purposes or to a trust, the beneficiary of which is our Sponsor’s controlling person or a member of the immediate family of such Sponsor Member’s controlling person, (iv) by virtue of the laws of descent and distribution upon death of the Sponsor Member, or (v) pursuant to a qualified domestic relations order; in each case where the transferee agrees to the terms of the private placement agreement governing such Private Placement Shares and the letter agreement signed by our Sponsor transferring such Private Placement Shares and such other documents as we may reasonably require. Until 30 days after the completion of the Business Combination, our Sponsor shall not pledge or grant a security interest in its Private Placement Shares or grant a security interest in our Sponsor’s rights under the private placement agreement governing such Private Placement Shares. The sale of the Private Placement Shares was made pursuant to the exemption from registration contained in Section 4(2) of the Securities Act.

OVERALLOTMENT_OPTION_EXERCISED

OVER-ALLOTMENT OPTION EXERCISED	3 Months Ended
	Mar. 31, 2015
Over Allotment Option Exercised [Abstract]
Over Allotment Option Exercised [Text Block]	4	OVER-ALLOTMENT OPTION EXERCISED
	The Company announced on October 28, 2013 that the over-allotment option for its initial Public Offering was exercised and consummated to the full extent of 900,000 shares. The 6,900,000 Public Shares sold in the offering, including the 900,000 Public Shares sold pursuant to the over-allotment option, were sold at an offering price of $10.00 per share, generating gross proceeds of $69,000,000 to the Company.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	5	RELATED PARTY TRANSACTIONS
	In order to finance transaction costs in connection with an intended initial Business Combination, our Sponsor, officers, directors or their affiliates may, but are not obligated to, loan us funds as may be required. If we consummate an initial Business Combination, we would repay such loaned amounts. In the event that the initial Business Combination does not close, we may use a portion of the working capital held outside the Trust Account to repay such loaned amounts, but no proceeds from our Trust Account would be used for such repayment.
	As of March 31, 2015, we had cash of $235,999. On May 15, 2014, the Company issued a non-interest bearing convertible promissory note to the Sponsor amounting to $1,263,263, of which the proceeds of $1,000,000 were used as working capital in order to finance transaction costs in connection with an intended initial Business Combination and $263,263 was used to pay operating costs incurred in the period from inception through December 31, 2014. As of March 31, 2015, the total amount owed to the Sponsor of $1,607,053, is recorded as a convertible promissory note and due to affiliate in the accompanying balance sheets. The convertible note is due on the earlier of (1) July 24, 2015, and (2) immediately following the consummation of the initial Business Combination. At the Sponsor’s election, following the consummation of a Business Combination, the note will convert into Common Stock at the greater of (1) $10.00 per share, and (2) the 30 day trailing average of the closing price per share.
	In July 2013, the Company issued 2,003,225 shares of Common Stock to the Sponsor (the “Sponsor’s Shares”) for an aggregate purchase price of $25,000.
	Simultaneously with the closing of the Public Offering, the Company completed the private sale of 721,500 shares of Common Stock (the “Private Placement Shares”) at a purchase price of $10.00 per Private Placement Share (including 76,500 shares from exercising of the over-allotment), to the Company’s Sponsor, generating gross proceeds to the Company of $7,215,000 (including additional $76,500 as a result of the over-allotment being exercised). The Private Placement Shares are identical to the shares sold in the Public Offering, except that the Sponsor has agreed (1) to vote the Private Placement Shares in favor of any proposed Business Combination, and (2) not to convert any Private Placement Shares in connection with a stockholder vote to approve any proposed initial Business Combination or to sell any Private Placement Shares to the Company pursuant to any tender offer in connection with any proposed initial Business Combination. Additionally, the Sponsor has agreed not to transfer, assign or sell any of the Private Placement Shares (except to certain permitted transferees) until 30 days after the completion of the Company’s initial Business Combination.
	The Sponsor’s Shares are identical to the Public Shares, except that (1) the Sponsor’s Shares are subject to certain transfer restrictions, as described in more detail below, and (2) our Sponsor has agreed: (i) to waive its redemption rights with respect to its Sponsor’s Shares, Private Placement Shares and Public Shares in connection with the consummation of a Business Combination and (ii) to waive its redemption rights with respect to its Sponsor’s Shares and Private Placement Shares if we fail to consummate a Business Combination within 21 months from the date of our prospectus (October 24, 2013). However, our Sponsor will be entitled to redemption rights with respect to any Public Shares it holds if we fail to consummate a Business Combination within such time period. If we submit our initial Business Combination to our public stockholders for a vote, our Sponsor has agreed to vote its Sponsor’s Shares, Private Placement Shares and any Public Shares held in favor of our initial Business Combination.
	All of the Sponsor’s Shares outstanding at the time of the Public Offering were placed in escrow with American Stock Transfer & Trust Company, as escrow agent. Of the total Sponsor’s Shares, 50% of such shares will be released from escrow six months after the closing of the Business Combination. The remaining 50% of the Sponsor’s Shares will be released from escrow one year after the closing of the Business Combination.
	On October 24, 2013, the date that our securities were first listed on the NASDAQ, we agreed to pay our Sponsor a total of $10,000 per month for office space, administrative services and secretarial support. This arrangement was agreed to by our Sponsor for our benefit and is not intended to provide our Sponsor compensation in lieu of salary or other remuneration. We believe that such fees are at least as favorable as we could have obtained from an unaffiliated person. Upon consummation of our initial Business Combination or our liquidation, we will cease paying these monthly fees.
	On March 12  2015, the Company entered into compensation  letter agreements with certain directors, contingent upon the consummation of a Business Combination. According to the terms of these compensation letter agreements, subject to the completion of the Company’s initial Business Combination, each of the Company’s directors who continue to serve in that capacity following the Business Combination will be entitled to receive a one-time cash retainer, in the amount of  $60,000 for the inside directors and between $33,750-$86,250 for independent directors. As long as each such director continues to serve on the board of directors, such director will thereafter be eligible for an annual cash retainer of $60,000, and an additional $5,000 for each committee of the board of directors on which such director serves. The chairman of the board of directors will be eligible for an adjusted annual cash retainer of $80,000, which will be inclusive of any committee retainers.
	In addition, subject to consummation of the Company’s initial Business Combination and approval of a stock incentive plan by the Company’s stockholders, the Company’s independent directors who continue to serve on the board of directors following the Business Combination will be eligible to receive options to purchase a number of shares of the Company’s common stock equal to $60,000 ($80,000 for the chairman of the board of directors), at a price per share equal to the Company’s stock price on the grant date, which is expected to be two business days following the closing of the Business Combination. The options will be subject to a vesting schedule.

TRUST_ACCOUNT

TRUST ACCOUNT	3 Months Ended
	Mar. 31, 2015
Trust Account [Abstract]
Trust Account [Text Block]	6	TRUST ACCOUNT
	A total of $72,795,000, which includes $65,580,000 of the net proceeds from the Public Offering and $7,215,000 from the private placement, was placed in the Trust Account.
	As of March 31, 2015, the Company’s Trust Account consists of $72,832,325 (December 31, 2014: $72,830,252), invested exclusively in 3 month U.S. government treasury bills and another $2,532 (December 31, 2014: $3,563) is held as cash.

COMMITMENT_AND_CONTINGENCIES

COMMITMENT AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	7	COMMITMENT AND CONTINGENCIES
	The underwriters were entitled to an underwriting discount of three percent (3.0%) which was paid in cash at the closing of the Public Offering, including any amounts raised pursuant to the over-allotment option. In addition, the underwriters will be entitled to a deferred fee of two and three quarter percent (2.75%) of the Public Offering, including any amounts raised pursuant to the over-allotment option, payable in cash upon the closing of a Business Combination.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2015
Stockholders Equity Note [Abstract]
Stockholders Equity Note Disclosure [Text Block]	8	STOCKHOLDERS’ EQUITY
	Common Stock — The Company is authorized to issue 100,000,000 shares of Common Stock with a par value of $0.0001 per share. Holders of the Company’s Common Stock are entitled to one vote for each share of Common Stock.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	9	SUBSEQUENT EVENTS
	Management has approved the financial statements and performed an evaluation of subsequent events through the date of issuance noting no items requiring disclosure except for the following:
	On October 8, 2014, we received an inquiry from the NASDAQ Staff relating to whether we satisfied the minimum public holder requirement, and on November 14, 2014, we informed NASDAQ that we do not believe we meet this requirement. On January 13, 2015, NASDAQ granted us until May 13, 2015 to evidence compliance. If the Company is unable to regain compliance prior to the expiration of any extension period granted by the NASDAQ Staff, the Company can appeal the decision to an independent hearings panel. The filing of such an appeal would stay any suspension or delisting action until the conclusion of the hearing process and the expiration of any extension granted by the panel.
	If NASDAQ suspends or delists our shares from trading on its exchange and we are not able to list our shares on another national securities exchange, we expect our shares could be quoted in the over-the-counter market on the OTCQB market tier or the OTC Pink Current Information tier.
	On May 12, 2015, the Company issued a convertible promissory note in the amount of $1,343,790 to the Sponsor. The amount consists of $343,790 due to affiliate as at March 31, 2015, and additional funding of $1,000,000 received on April 29, 2015. The convertible note is due on the earlier of (1) July 24, 2015, or (2) immediately following the consummation of the initial Business Combination (as defined in the Company’s amended and restated certificate of incorporation). At the Sponsor’s election, upon the Business Combination, the note will convert into the Company’s common stock, par value $0.0001, at a price equal to the greater of (1) $10.00 per share, and (2) the 30-day trailing average of the closing price per share. Funds in the Trust Account (as defined in the Company’s amended and restated certificate of incorporation) will not be used to repay the note.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of presentation
	The accompanying financial statements are presented in U.S. dollars in conformity with U.S. generally accepted accounting principles (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”).
	In July 2014, the Company identified and corrected an error related to the accounting for the Company’s changes in amounts subject to possible redemption for the period ended December 31, 2013. The Company determined that its changes in amounts subject to possible redemption should have been accounted for as an adjustment to additional paid-in capital instead of as an adjustment to accumulated deficit. There was no change in previously reported total assets, total liabilities, common stock subject to possible redemption or net loss attributable to common shares for any of the periods. The accompanying financial statements have been revised to reflect a balance in accumulated deficit with a corresponding increase of additional paid-in capital as of December 31, 2013. In accordance with Securities and Exchange Commission ("SEC") Staff Accounting Bulletin Nos. 99 and 108 (“SAB 99” and “SAB 108”), the Company has evaluated these errors and, based on an analysis of quantitative and qualitative factors, has determined that they were not material to each of the prior reporting periods affected and no amendments of previously filed form 10-Q or form 10-K reports with the SEC are required.
Recently Adopted Accounting Standard [Policy Text Block]	Recently adopted accounting standard
	The Company complied with the reporting requirements of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915, “Development Stage Entities.” At December 31, 2014, the Company adopted Accounting Standards Update (ASU) No. 2014-10, which eliminated certain financial reporting requirements of companies previously identified as “Development Stage Entities” (Topic 915). The amendments in this ASU simplify accounting guidance by removing all incremental financial reporting requirements for development stage entities. The amendments also reduce data maintenance and, for those entities subject to audit, audit costs by eliminating the requirement for development stage entities to present inception-to-date information in the statements of income, cash flows, and stockholders’ equity. As of March 31, 2015 and December 31, 2014, the Company’s financial statements have been presented to conform with the reporting and disclosure requirements of ASU No. 2014-10.
Earnings Per Share, Policy [Policy Text Block]	Net loss per common share
	The Company complies with accounting and disclosure requirements of FASB ASC 260, “Earnings Per Share.” Net loss per share of common share is computed by dividing net loss attributable to common stock not subject to possible redemption by the weighted average number of shares of common share outstanding for the period.
	Diluted net loss per share of common share is computed by dividing net loss applicable to common stockholders by the weighted average number of common shares outstanding, plus, to the extent dilutive, the incremental number of common shares to settle the convertible advance made by the Sponsor (see Note 5), as calculated using the treasury stock method. However, due to the losses presented for all periods, incremental common shares are not considered as they are antidilutive. As a result, diluted profit/loss per share of common share is the same as basic profit/loss per common share for the period. At March 31, 2015, the Company had an outstanding advance owing to Sponsor convertible into 121,819 common shares.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of credit risk
	Financial instruments that potentially subject the Company to concentration of credit risk consist of cash accounts in a financial institution which, at times may exceed the Federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair value of financial instruments
	The Company complies with ASC 820, “Fair Value Measurement”, for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period, and non-financial assets and liabilities that are re-measured and reported at fair value at least annually.
	The following tables present information about the Company’s assets that are measured at fair value on a recurring basis as of March 31, 2015 and December 31, 2014 respectively, and indicate the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities. Fair values determined by Level 2 inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability:
									Significant Other
					Quoted Prices in		Significant Other		Unobservable
		March 31,			Active Markets		Observable		Inputs
	Description	2015			(Level 1)		Inputs (Level 2)		(Level 3)
	Assets:
	Cash equivalents held in Trust Account: U.S. Government Treasury Bills	$	72,832,325		$	72,832,325	$	-	$	-
									Significant Other
					Quoted Prices in		Significant Other		Unobservable
					Active Markets		Observable		Inputs
	Description	31-Dec-14			(Level 1)		Inputs (Level 2)		(Level 3)
	Assets:
	Cash equivalents held in Trust Account: U.S. Government Treasury Bills	$	72,830,252		$	72,830,252	$	-	$	-
New Accounting Pronouncements, Policy [Policy Text Block]	Recent accounting pronouncement
	In August 2014, FASB issued ASU No. 2014-15, “Presentation of Financial Statements – Going Concern (Subtopic 205-40), Disclosure of uncertainties about an entity’s ability to continue as a going concern”, which requires management to evaluate whether there is a substantial doubt about an entity’s ability to continue as a going concern. This ASU is effective for the annual reporting period ending after December 15, 2016, and for interim and annual reporting periods thereafter. Early adoption is permitted. The Company is currently evaluating the adoption of this ASU and its impact on the Company’s financial statements.
	Management does not believe that any other recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.
Use of Estimates, Policy [Policy Text Block]	Use of estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Income Tax, Policy [Policy Text Block]	Income taxes
	The Company complies with the accounting and reporting requirements of FASB ASC, 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income.
	Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. At March 31, 2015 and December 31, 2014, the Company has a net deferred tax asset, before valuation allowance, of approximately $995,000 and $856,000 respectively, related to net operating loss carry forwards (which begin to expire in 2033), organizational costs, and start-up costs. Management has determined that a full valuation allowance of the deferred tax asset is appropriate at this time.
	FASB Interpretation No. 48, "Accounting for Uncertainty in Income Taxes" (FIN 48) (now incorporated into FASB ASC 740, Income Taxes), sets out a consistent framework to determine the appropriate level of tax reserves to maintain for uncertain tax positions. This interpretation uses a two-step approach wherein a tax benefit is recognized if a position is more-likely-than-not to be sustained upon examination by taxing authorities. The amount of the benefit is then measured to be the highest tax benefit that is greater than 50% likely to be realized. Based on its analysis, the Company has determined that it has no unrecognized tax benefits as of March 31, 2015. The Company's conclusion may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analyses of and changes to tax laws, regulations and interpretations thereof. The Company recognizes interest and penalties related to unrecognized tax benefits in interest expense and other expenses, respectively. No interest expense or penalties have been recognized as of March 31, 2015. The Company files an income tax return in the U.S. federal jurisdiction, and may file income tax returns in various U.S. states and foreign jurisdictions. The Company may be subject to potential examination by U.S. federal, U.S. states or foreign jurisdiction authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with U.S. federal, U.S. state and foreign tax laws.
	The reconciliation of the U.S. federal statutory income tax rate to the Company's effective tax rate for the three months ended March 31, 2015 was as follows:
	U.S. federal statutory income tax rate		35	%
	Increase (decrease) in tax rate resulting from:
	State and local income taxes net of federal benefit		3.9	%
	Change in Valuation Allowance		-38.9	%
	Effective tax rate		0	%
Redeemable Common Stock [Policy Text Block]	Redeemable Common Stock
	All of the shares of Common Stock sold at the Public Offering contained a redemption feature which allows for the redemption of shares of Common Stock under the Company's liquidation or tender offer/ stockholder approval provisions. In accordance with ASC 480, redemption provisions not solely within the control of the Company require the security to be classified outside of permanent equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity's equity instruments, are excluded from the provisions of ASC 480. Although the Company does not specify a maximum redemption threshold, its amended and restated certificate of incorporation provides that a Business Combination shall not be consummated if the Company has net tangible assets less than $5,000,001 upon such consummation.
	The Company recognizes changes in redemption value immediately as they occur and will adjust the carrying value of the security to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of redeemable Common Stock shall be affected by charges against paid-in capital.
	Accordingly, at March 31, 2015, 6,091,533 (December 31, 2014, 6,125,315 of the Public Shares) are classified outside of permanent equity at their redemption value. The redemption value is equal to the pro rata share of the aggregate amount then on deposit in the Trust Account, including interest but less taxes payable and amounts released for working capital (approximately $10.55 at March 31, 2015 and December 31, 2014).

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability:
									Significant Other
					Quoted Prices in		Significant Other		Unobservable
		March 31,			Active Markets		Observable		Inputs
	Description	2015			(Level 1)		Inputs (Level 2)		(Level 3)
	Assets:
	Cash equivalents held in Trust Account: U.S. Government Treasury Bills	$	72,832,325		$	72,832,325	$	-	$	-
									Significant Other
					Quoted Prices in		Significant Other		Unobservable
					Active Markets		Observable		Inputs
	Description	31-Dec-14			(Level 1)		Inputs (Level 2)		(Level 3)
	Assets:
	Cash equivalents held in Trust Account: U.S. Government Treasury Bills	$	72,830,252		$	72,830,252	$	-	$	-
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	The reconciliation of the U.S. federal statutory income tax rate to the Company's effective tax rate for the three months ended March 31, 2015 was as follows:
	U.S. federal statutory income tax rate		35	%
	Increase (decrease) in tax rate resulting from:
	State and local income taxes net of federal benefit		3.9	%
	Change in Valuation Allowance		-38.9	%
	Effective tax rate		0	%

DESCRIPTION_OF_ORGANIZATION_AN1

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (Details Textual) (USD $)	1 Months Ended	3 Months Ended
	Oct. 29, 2013	Mar. 31, 2015
Description Of Organization And Business Operations [Line Items]
Proceeds from Issuance Initial Public Offering	$73,545,000
Proceeds from Issuance of Private Placement	7,215,000
Proceeds Deposited In Trust Account		72,795,000
Public Shares Redemption Limit On Net Tangible Assets		5,000,001
Stock Issued During Period Shares Private Placement	721,500
Underwriter [Member]
Description Of Organization And Business Operations [Line Items]
Proceeds from Issuance Initial Public Offering	9,495,000
Proceeds from Issuance of Private Placement	$765,000

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Cash equivalents held in Trust Account:
Cash equivalents held in Trust Account	$72,834,857	$72,833,815
U.S. Government Treasury Bills [Member]
Cash equivalents held in Trust Account:
Cash equivalents held in Trust Account	72,832,325	72,830,252
Fair Value, Inputs, Level 1 [Member] | U.S. Government Treasury Bills [Member]
Cash equivalents held in Trust Account:
Cash equivalents held in Trust Account	72,832,325	72,830,252
Fair Value, Inputs, Level 2 [Member] | U.S. Government Treasury Bills [Member]
Cash equivalents held in Trust Account:
Cash equivalents held in Trust Account	0	0
Fair Value, Inputs, Level 3 [Member] | U.S. Government Treasury Bills [Member]
Cash equivalents held in Trust Account:
Cash equivalents held in Trust Account	$0	$0

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)	3 Months Ended
	Mar. 31, 2015
Schedule Of Effective Income Tax Rate Reconciliation [Line Items]
U.S. federal statutory income tax rate	35.00%
Increase (decrease) in tax rate resulting from:
State and local income taxes net of federal benefit	3.90%
Change in Valuation Allowance	-38.90%
Effective tax rate	0.00%

SUMMARY_OF_SIGNIFICANT_ACCOUNT5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Summary Of Significant Accounting Policies [Line Items]
Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure	$250,000
Public Shares Redemption Limit On Net Tangible Assets	5,000,001
Temporary Equity, Shares Outstanding	6,091,533	6,125,315	6,214,078
Temporary Equity, Redemption Price Per Share	$10.55	$10.55
Deferred Tax Assets, Operating Loss Carryforwards, Total	$995,000	$856,000
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities	121,819

PUBLIC_OFFERING_Details_Textua

PUBLIC OFFERING (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2015
Subsidiary, Sale of Stock [Line Items]
Common Stock, Par or Stated Value Per Share	$0.00
Shares Issued, Price Per Share	$10
Amount Not Placed In Trust Account	$1,082,434
Business Acquisition, Percentage of Voting Interests Acquired	80.00%
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Stock Issued During Period, Shares, New Issues	6,900,000
Underwriter [Member]
Subsidiary, Sale of Stock [Line Items]
Stock Issued During Period, Shares, New Issues	900,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	45 days
Private Placement [Member]
Subsidiary, Sale of Stock [Line Items]
Stock Issued During Period, Shares, New Issues	721,500
Shares Issued, Price Per Share	$10
Common Stock [Member] | IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Stock Issued During Period, Shares, New Issues	6,000,000

OVERALLOTMENT_OPTION_EXERCISED1

OVER-ALLOTMENT OPTION EXERCISED (Details Textual) (USD $)	1 Months Ended	3 Months Ended
	Oct. 29, 2013	Mar. 31, 2015
Over Allotment Option Exercised [Line Items]
Stock Issued During Period Public Offering Shares		6,900,000
Proceeds from Issuance Initial Public Offering	$73,545,000
IPO [Member]
Over Allotment Option Exercised [Line Items]
Shares Exercised From Over Allotment	900,000
Sale of Stock, Price Per Share		10
Proceeds from Issuance Initial Public Offering		69,000,000

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details Textual) (USD $)	1 Months Ended		3 Months Ended	0 Months Ended		1 Months Ended
	Oct. 24, 2013	Oct. 29, 2013	Mar. 31, 2015	12-May-15	15-May-14	Jul. 31, 2013	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Due to Affiliate, Current			$343,790				$248,536
Notes Payable, Related Parties, Current			1,263,263				1,263,263
Sponsor Fees	10,000		1,607,053
Business Combination Description OF Share Issued			50% of such shares will be released from escrow six months after the closing of the Business Combination. The remaining 50% of the Sponsor’s Shares will be released from escrow one year after the closing of the Business Combination.
Proceeds from Issuance of Private Placement		7,215,000
Debt Instrument, Maturity Date			24-Jul-15
Shares Issued, Price Per Share			$10
Cash			235,999				410,261	593,701	827,541
Description Of Letter Agreement For Director Compensation			According to the terms of these compensation letter agreements, subject to the completion of the Company’s initial Business Combination, each of the Company’s directors who continue to serve in that capacity following the Business Combination will be entitled to receive a one-time cash retainer, in the amount of  $60,000 for the inside directors and between $33,750-$86,250 for independent directors. As long as each such director continues to serve on the board of directors, such director will thereafter be eligible for an annual cash retainer of $60,000, and an additional $5,000 for each committee of the board of directors on which such director serves.
Director [Member]
Related Party Transaction [Line Items]
Eligible To Receive Options To Purchase Of Common Stock			60,000
Chairman Of Board Of Directors [Member]
Related Party Transaction [Line Items]
Eligible For Annual Cash Retainer			80,000
Eligible To Receive Options To Purchase Of Common Stock			80,000
Subsequent Event [Member]
Related Party Transaction [Line Items]
Debt Instrument, Maturity Date				24-Jul-15
Private Placement [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Shares, New Issues			721,500
Stock Issued During Period, Shares, Issued for Overallotment			76,500
Proceeds from Issuance of Private Placement			7,215,000
Proceeds From Issuance Of Private Placement Included In Overallotment			76,500
Shares Issued, Price Per Share			$10
Sponsor [Member]
Related Party Transaction [Line Items]
Due to Affiliate, Current					263,263
Notes Payable, Related Parties, Current					1,263,263
Additional Working Capital In Advance					1,000,000
Stock Issued During Period, Shares, New Issues						2,003,225
Stock Issued During Period, Value, New Issues						$25,000

TRUST_ACCOUNT_Details_Textual

TRUST ACCOUNT (Details Textual) (USD $)	1 Months Ended	3 Months Ended
	Oct. 29, 2013	Mar. 31, 2015	Dec. 31, 2014
Trust Account [Line Items]
Proceeds from Issuance Initial Public Offering	$73,545,000
Proceeds from Issuance of Private Placement	7,215,000
Assets Held-in-trust, Total		72,834,857	72,833,815
Trust Account [Member]
Trust Account [Line Items]
Proceeds from Issuance or Sale of Equity		72,795,000
Proceeds from Issuance Initial Public Offering		65,580,000
Proceeds from Issuance of Private Placement		7,215,000
Wells Fargo Money Market Mutual Fund [Member]
Trust Account [Line Items]
Assets Held-in-trust, Total		72,832,325	72,830,252
Cash [Member]
Trust Account [Line Items]
Assets Held-in-trust, Total		$2,532	$3,563

COMMITMENT_AND_CONTINGENCIES_D

COMMITMENT AND CONTINGENCIES (Details Textual)	3 Months Ended
	Mar. 31, 2015
Commitments And Contingencies [Line Items]
Percentage Of Underwriting Discount	3.00%
Underwriter [Member]
Commitments And Contingencies [Line Items]
Deferred Fees Percentage	2.75%

STOCKHOLDERS_EQUITY_Details_Te

STOCKHOLDERS' EQUITY (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2015
Stockholders Equity [Line Items]
Common Stock, Shares Authorized	100,000,000
Common Stock, Par or Stated Value Per Share	$0.00
Common Stock, Voting Rights	one vote for each share of Common Stock

SUBSEQUENT_EVENTS_Details_Text

SUBSEQUENT EVENTS (Details Textual) (USD $)	3 Months Ended	0 Months Ended	1 Months Ended
	Mar. 31, 2015	12-May-15	Apr. 29, 2015	Dec. 31, 2014
Subsequent Event [Line Items]
Debt Instrument, Maturity Date	24-Jul-15
Due to Affiliate, Current	$343,790			$248,536
Subsequent Event [Member]
Subsequent Event [Line Items]
Common Stock, No Par Value		$0.00
Common Stock Conversion Price		$10
Debt Instrument, Maturity Date		24-Jul-15
Additional Fund Received			1,000,000
Subsequent Event [Member] | Convertible Notes Payable [Member]
Subsequent Event [Line Items]
Convertible Notes Payable, Current		$1,343,790