Cambridge Capital Acquisition (CAMB) 10-K 28 Mar 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	3 Months Ended
	Dec. 31, 2013	Mar. 27, 2014	Jun. 30, 2013
Document And Entity Information [Abstract]	'	'	'
Entity Registrant Name	'Cambridge Capital Acquisition Corp	'	'
Entity Central Index Key	'0001588869	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--12-31	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Common Stock, Shares Outstanding	'	10,534,625	'
Entity Public Float	'	'	$0

Balance_Sheet

Balance Sheet (USD $)	Dec. 31, 2013
Current Assets	'
Cash and cash equivalents	$803,613
Prepaid expenses	25,300
Total current assets	828,913
Cash and cash equivalents held in trust account	81,305,000
Total assets	82,133,913
Current Liabilities:	'
Accrued expenses	15,000
Accrued expenses - related party	4,667
Total liabilities	19,667
Commitments	'
Common stock, subject to possible conversion or tender, 7,635,074 shares at conversion value	77,114,245
Shareholders' Equity:	'
Preferred stock, $.0001 par value; 1,000,000 shares authorized; none issued and outstanding	'
Common stock, $.0001 par value; 40,000,000 shares authorized; 2,899,551 shares issued and outstanding (excluding 7,635,074 shares subject to possible conversion or tender)	'
Additional paid-in capital	5,008,330
Deficit accumulated during the development stage	-8,329
Total stockholders' equity	5,000,001
Total liabilities, redeemable common stock and stockholders' equity	$82,133,913

Balance_Sheet_Parenthetical

Balance Sheet (Parenthetical) (USD $)	Dec. 31, 2013
Statement of Financial Position [Abstract]	'
Common stock, subject to possible conversion or tender	7,635,074
Preferred stock, par value	$0.00
Preferred stock, shares authorized	1,000,000
Preferred stock, shares issued	'
Preferred stock, shares outstanding	'
Common stock, par value	$0.00
Common stock, shares authorized	40,000,000
Common stock, shares issued	2,899,551
Common stock, shares outstanding	2,899,551

Statement_of_Operations

Statement of Operations (USD $)	3 Months Ended
	Dec. 31, 2013
Formation and operating costs	'
General and administrative expenses	$3,662
Office expense - related party	4,667
Net loss	($8,329)
Weighted average shares outstanding, basic and diluted	1,853,197	[1],[2]
Basic and diluted net loss per common share	$0
[1]	The weighted average shares outstanding excluded the effect of an aggregate of 262,500 shares that were subject to forfeiture until December 30, 2013, the date that the underwriters fully exercised their over allotment option. As a result, as of December 31, 2013, no shares remain subject to forfeiture.
[2]	For the period October 1, 2013 (inception) through December 31, 2013, weighted average shares outstanding excluded 7,635,074 shares subject to possible conversion or tender.

Statement_of_Operations_Parent

Statement of Operations (Parenthetical)	1 Months Ended	3 Months Ended
	Dec. 30, 2013	Dec. 31, 2013
Income Statement [Abstract]	'	'
Shares excluded from computation of EPS	262,500	7,635,074

Statement_of_Changes_in_Stockh

Statement of Changes in Stockholders' Equity (USD $)	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit during Development Stage
Beginning Balance at Sep. 30, 2013	'	'	'	'
Beginning Balance, Shares at Sep. 30, 2013	'	'	'	'
Common stock issued at approximately $0.01 per share to initial stockholders on October 7, 2013	25,000	201	24,799	'
Common stock issued at approximately $0.01 per share to initial stockholders on October 7, 2013, Shares	'	2,012,500	'	'
Sale of 7,000,000 units on December 23, 2013, net of underwriters' discount and offering costs	67,217,475	700	67,216,775	'
Sale of 7,000,000 units on December 23, 2013, net of underwriters' discount and offering costs, Shares	'	7,000,000	'	'
Sale of 427,500 units to Sponsors on December 23, 2013 in Private Placement	4,275,000	43	4,274,957	'
Sale of 427,500 units to Sponsors on December 23, 2013 in Private Placement, Shares	'	427,500	'	'
Sale of unit purchase option on December 23, 2013	100	'	100	'
Sale of 1,050,000 units on December 30, 2013	10,158,750	105	10,158,645	'
Sale of 1,050,000 units on December 30, 2013, Shares	'	1,050,000	'	'
Sale of 44,625 units on December 30, 2013 in Private Placement	446,250	5	446,245	'
Sale of 44,625 units on December 30, 2013 in Private Placement, Shares	'	44,625	'	'
Net proceeds subject to redemption of 7,635,074 shares at redemption value	-77,114,245	-764	-77,113,481	'
Net proceeds subject to redemption of 7,635,074 shares at redemption value, Shares	'	-7,635,074	'	'
Net loss	-8,329	'	'	-8,329
Balance at Dec. 31, 2013	$5,000,001	$290	$5,008,040	($8,329)
Balance, Shares at Dec. 31, 2013	'	2,899,551	'	'

Statement_of_Changes_in_Stockh1

Statement of Changes in Stockholders' Equity (Parenthetical) (USD $)	3 Months Ended
	Dec. 31, 2013
	Common Stock [Member]
Sale of Stock, Price Per Share	$0.01
Sale of underwriters' discount and offering costs	7,000,000
Sale of Sponsors in Private Placement, Shares	427,500
Sale of units	1,050,000
Sale of units on in Private Placement	44,625
Net proceeds subject to redemption value, Shares	-7,635,074

Statement_of_Cash_Flows

Statement of Cash Flows (USD $)	3 Months Ended
	Dec. 31, 2013
Cash flows from operating activities:	'
Net loss	($8,329)
Changes in operating assets and liabilities:	'
Prepaid expenses	-25,300
Accrued expenses	15,000
Accrued expense - related party	4,667
Net Cash Used in Operating Activities	-13,962
Cash flows from investing activities:	'
Purchases of restricted investments and cash equivalents held in Trust Account	-81,305,000
Net Cash Used in Investing Activities	-81,305,000
Cash flows from financing activities:	'
Proceeds from Offering, net of offering costs	77,376,225
Proceeds from issuance of common stock to initial stockholders	25,000
Proceeds from Private Placement	4,721,250
Proceeds from sale of Unit Purchase option	100
Net Cash Provided by Financing Activities	82,122,575
Net increase in cash and cash equivalents	803,613
Cash and cash equivalents - beginning	'
Cash and cash equivalents - ending	$803,613

Organization_and_Plan_of_Busin

Organization and Plan of Business Operations	3 Months Ended
	Dec. 31, 2013
Organization and Plan of Business Operations and Basis of Presentation [Abstract]	'
Organization and Plan of Business Operations	'
	Note 1 — Organization and Plan of Business Operations
	Cambridge Capital Acquisition Corporation (a company in the development stage) (the “Company”) was incorporated in Delaware on October 1, 2013 as a blank check company whose objective is to acquire, through a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination, one or more businesses or entities (a “Business Combination”). The Company’s efforts to identify a target business will not be limited to a particular industry or geographic region, although the Company intends to focus its search for target businesses that operate in the supply chain industry, with an emphasis on target businesses that operate in the traditional transportation and logistics end of the supply chain industry.
	At December 31, 2013, the Company had not yet commenced any operations. All activity through December 31, 2013 relates to the Company’s formation and the offering described below. The Company is considered to be a development stage company and, as such, the Company’s financial statements are prepared in accordance with the Accounting Standards Codification (“ASC”) topic 915 “Development Stage Entities.” The Company is subject to all of the risks associated with development stage companies.
	The registration statement for the Company’s initial public offering (“Public Offering”) was declared effective on December 17, 2013. On December 23, 2013, the Company consummated the Public Offering of 7,000,000 units (“Units”) at $10.00 per Unit and received net proceeds of $67,217,475 (net of underwriters discount of $2,275,000 and offering expenses of $507,525) and simultaneously raised $4,275,000 through the issuance of 427,500 private units (“Private Units”) at $10.00 per unit to the Company’s initial stockholders (collectively, the “Sponsors”) and the underwriters (and/or their respective designees) in a private placement (See Note 3 – Public Offering and Private Placement).
	On December 23, 2013, the underwriters exercised their over-allotment option and on December 30, 2013, the Company consummated the closing of the over-allotment option (the “Overallotment”). The Public Offering and the Overallotment are collectively referred to as the “Offering.” 1,050,000 units sold pursuant to the Overallotment were sold at an offering price of $10.00 per Unit, generating gross proceeds of $10,500,000. In a private placement that took place simultaneously with the consummation of the exercise of the over-allotment option, certain of the Sponsors and the underwriters purchased an additional 44,625 Private Units at $10.00 per Private Unit generating gross proceeds of $446,250.  The private placements consummated simultaneously with the Offering are collectively referred to as the “Private Placement.”
	The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Offering and the Private Placement, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to effect a Business Combination successfully.  The Company’s securities are listed on the Nasdaq Capital Markets (“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 (defined below) at the time of the execution of a definitive agreement for its initial Business Combination, although the Company may acquire a target business whose fair market value significantly exceeds 80% of the Trust Account balance.
	Following the closing of the Overallotment on December 30, 2013, an amount of  $81,305,000 (or $10.10 per Unit sold in the Offering), including the proceeds of the Private Placement, was placed in  trust (the “Trust Account”) and may be invested in United States government treasury bills having a maturity of 180 days or less or in money market funds meeting the applicable 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 the initial Business Combination and the Company’s failure to consummate a Business Combination within the prescribed time. 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 Company’s executive officers have agreed that they will be jointly and severally 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, they may not be able to satisfy those obligations should they arise. The remaining net proceeds (not held in the Trust Account) may be used to pay for business, legal and accounting due diligence on prospective acquisitions and continuing general and administrative expenses. In addition, (1) interest income on the funds held in the Trust Account can be released to the Company to pay its income and other tax obligations and (2) interest income on the funds held in the Trust Account can be released to the Company to pay for its working capital requirements in connection with searching for a Business Combination.
	The Company will seek shareholder approval of any Business Combination at a meeting called for such purpose at which shareholders may seek to convert their shares into their pro rata share of the aggregate amount then on deposit in the Trust Account, less any taxes then due but not yet paid. The Company will proceed with a Business Combination only if it has net tangible assets of at least $5,000,001 upon consummation of the Business Combination and a majority of the outstanding shares of common stock of the Company voted are voted in favor of the Business Combination. In connection with any shareholder vote required to approve any Business Combination, the Sponsors agreed (i) to vote any of their respective shares, including the 2,012,500 shares of common stock sold to the Sponsors in connection with the organization of the Company (the “Sponsors’ Shares”), shares of common stock sold to Sponsors in connection with the Private Placement, and any shares of common stock which were initially issued in connection with the Offering, whether acquired in or after the Offering, in favor of the initial Business Combination and (ii) not to convert such respective shares into a pro rata portion of the Trust Account.
	The Company’s amended and restated Certificate of Incorporation provides that the Company will continue in existence only until June 23, 2015 (or December 23, 2015 if the Company has executed a definitive agreement for an initial Business Combination by June 23, 2015, but has not completed the initial Business Combination by June 23, 2015).  If the Company has not completed a Business Combination by such date, the Company will, as promptly as possible but not more than ten business days thereafter, redeem from holders of the outstanding shares sold in the Offering (“Public Stockholders”) 100% of such shares for a pro rata portion of the funds held in the Trust Account and then seek to dissolve and liquidate. In the event of a liquidation, the Public Stockholders will be entitled to receive a full pro rata interest in the Trust Account (initially anticipated to be $10.10 per share after the closing of the Overallotment,  plus any pro rata interest earned on the Trust Account not previously released to the Company).   The Company’s Sponsors and purchasers of the Private Units have agreed not to participate in such redemption, except with respect to any shares of common stock which were issued in connection with the Offering.

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Dec. 31, 2013
Organization and Plan of Business Operations and Basis of Presentation [Abstract]	'
Basis of Presentation	'
	Note 2 — Basis of Presentation
	The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and pursuant to the accounting and disclosure rules of the Securities and Exchange Commission (“SEC”).

Significant_Accounting_Policie

Significant Accounting Policies	3 Months Ended
	Dec. 31, 2013
Significant Accounting Policies [Abstract]	'
Significant Accounting Policies	'
	Note 3 — Significant Accounting Policies
	Cash and Cash Equivalents
	The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company maintains cash balances that may be uninsured or in deposit accounts that exceed Federal Deposit Insurance Corporation limits. The Company maintains its cash deposits with major financial institutions.
	Cash and Cash Equivalents Held in Trust Account
	The amounts held in the Trust Account represent substantially all of the proceeds of the Offering and are classified as restricted assets since such amounts can only be used by the Company in connection with the consummation of a Business Combination.  At December 31, 2013, the assets in the Trust Account were held in cash.
	Common Stock Subject to Possible Conversion
	The Company accounts for its common stock subject to possible conversion in accordance with the guidance provided in ASC Topic No. 480 “Distinguishing Liabilities from Equity.”   Common stock subject to mandatory conversion (if any) is classified as a liability instrument and is measured at fair value. Conditionally convertible common stock (including common stock that features conversion rights that are either within the control of the holder or subject to conversion upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. At all other times, common stock is classified as stockholders’ equity. The Company’s common stock features certain conversion rights that are considered by the Company to be outside of the Company’s control and subject to the occurrence of uncertain future events. Accordingly at December 31, 2013, the common stock subject to possible conversion is presented as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheet.
	Loss Per Share
	Loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period. Common shares subject to possible redemption of 7,635,074 shares at December 31, 2013 have been excluded from the calculation of basic loss per share since such shares, if redeemed, only participate in their pro rata share of the trust earnings.  Weighted average shares for the period from October 1, 2013 (inception) through December 31, 2013 were reduced for the effect of an aggregate 262,500 shares of common stock that were subject to forfeiture from October 1, 2013 (inception) through December 30, 2013, the date upon which the underwriters’ over-allotment was funded (See Note 8 Stockholders’ Equity).  The Company has not considered the effect of (i) warrants sold in the Public Offering and Private Placement to purchase 8,522,125 shares of the Company’s common stock and (ii) 420,000 shares of common stock and warrants to purchase 420,000 common shares included in the unit purchase option sold to the underwriter, in the calculation of diluted loss per share, since the exercise of the warrants is contingent on the occurrence of future events.
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 expenses during the reporting period. Actual results could differ from those estimates.
	Income Taxes
	The Company accounts for income taxes under ASC Topic 740 “Income Taxes” (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statements and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.
	ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Company is required to file income tax returns in the United States (federal) and in various state and local jurisdictions. Based on the Company’s evaluation, it has been concluded that there are no significant uncertain tax positions requiring recognition in the Company’s financial statements. Since the Company was incorporated on October 1, 2013, the evaluation was performed for the 2013 tax year, which will be the only period subject to examination. The Company believes that its income tax positions and deductions would be sustained on audit and does not anticipate any adjustments that would result in a material change to its financial position.
	The Company’s policy for recording interest and penalties associated with audits is to record such expense as a component of income tax expense. There were no amounts accrued for penalties or interest as of or during the period October 1, 2013 (inception) through December 31, 2013. Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its position.
	Recent Accounting Pronouncements
	Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying balance sheet.
	Subsequent Events
	The Company evaluates events that have occurred after the balance sheet date of December 31, 2013 through the date which these financial statements were issued.  Based upon the review, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the financial statements.

Public_Offering_and_Private_Pl

Public Offering and Private Placement	3 Months Ended
	Dec. 31, 2013
Public Offering and Private Placement [Abstract]	'
Public Offering and Private Placement	'
	Note 4 — Public Offering and Private Placement
	On December 23, 2013 and December 30, 2013, the Company sold 7,000,000 and 1,050,000 Units, respectively, at an offering price of $10.00 per Unit generating gross proceeds of $70,000,000 and $10,500,000, respectively, in the Offering.  Each Unit consisted of one share of common stock of the Company and one Warrant to purchase one share of common stock of the Company (“Warrant”). Each Warrant entitles the holder to purchase one share of common stock at a price of $11.50 upon the Company’s completion of its initial Business Combination and expiring on December 17, 2018. The Company may redeem the Warrants at a price of $0.01 per Warrant upon 30 days’ notice, only in the event that the last sale price of the shares of common stock is at least $17.50 per share for any 20 trading days within a 30-trading day period (“30-Day Trading Period”) ending on the third day prior to the date on which notice of redemption is given, provided there is a current registration statement in effect with respect to the shares of common stock underlying such Warrants commencing five business days prior to the 30-Day Trading Period and continuing each day thereafter until the date of redemption. If the Company redeems the Warrants as described above, management will have the option to require all holders that wish to exercise Warrants to do so on a “cashless basis.” In accordance with the warrant agreement relating to the Warrants sold and issued in the Offering, the Company is only required to use its best efforts to maintain the effectiveness of the registration statement covering the Warrants. If a registration statement is not effective within 90 days following the consummation of a Business Combination, Warrant holders may, beginning on the 91st day and until such time as there is an effective registration statement and during any period when the Company shall have failed to maintain an effective registration statement, exercise warrants on a cashless basis.  In the event that a registration statement is not effective at the time of exercise, the holder of such Warrant shall not be entitled to exercise such Warrant for cash and in no event (whether in the case of a registration statement being effective or otherwise) will the Company be required to net cash settle the Warrant exercise.
	On December 23, 2013 and December 30, 2013, the Company sold 427,500 and 44,625 Units, respectively, at an offering price of $10.00 per Unit generating gross proceeds of $4,275,000 and $446,250, respectively, in the Private Placement.  The Private Units are identical to the Units sold in the Offering except the warrants included in the Private Units will be non-redeemable and may be exercised on a cashless basis, in each case so long as they continue to be held by the initial purchasers or their permitted transferees. Additionally, the holders of the Private Units have agreed (A) to vote the shares underlying their Private Units in favor of any proposed business combination, (B) not to propose, or vote in favor of, an amendment to the Company’s amended and restated certificate of incorporation with respect to the Company’s pre-Business Combination activities prior to the consummation of such a Business Combination, (C) not to convert any shares underlying the Private Units into the right to receive cash from the trust account in connection with a stockholder vote to approve an initial Business Combination or a vote to amend the provisions of the Company’s amended and restated certificate of incorporation relating to stockholders’ rights or pre-business combination activity and (D) that the shares underlying the Private Units shall not participate in any liquidating distribution upon winding up if a Business Combination is not consummated. The purchasers have also agreed not to transfer, assign or sell any of the private units or underlying securities (except to the same permitted transferees as the insider shares and provided the transferees agree to the same terms and restrictions as the permitted transferees of the insider shares must agree to, each as described above) until the completion of the Company’s initial Business Combination.
	The Sponsors and purchasers of the Private Units are entitled to registration rights with respect to their initial shares and the Private Units purchased in the Private Placement.  The holders of the majority of the initial shares are entitled to demand that the Company register these shares at any time commencing three months prior to the first anniversary of the consummation of a Business Combination. The holders of the Private Units (and underlying securities) are entitled to demand that the Company register these securities at any time after the Company consummates a Business Combination.  In addition, the Sponsors and purchasers of the Private Units have certain “piggy-back” registration rights on registration statements filed after the Company’s consummation of a Business Combination.
	Pursuant to an agreement with the underwriters of the Offering (the “Underwriting Agreement”), the Company paid 3.25% of the gross proceeds of the Offering or $2,616,250 as underwriting discounts and commissions.  The Company has further engaged the representative of the underwriters (“Representative”) as an investment banker to provide the Company with merger and acquisition services in connection with its initial Business Combination.  Pursuant to this arrangement, the Representative will, if requested, advise and assist the Company in reviewing potential targets with which the Company may consummate a Business Combination as well as structuring the terms of the Business Combination and negotiating the terms of the letter of intent and/or definitive agreement relating to such Business Combination (but not for purposes of finding and/or locating potential targets for its Business Combination).  If requested by the Company, the Representative will participate directly in negotiations, review marketing plans and projections of the target, analyze and advise on the financial implications of the transaction, and arrange meetings with and prepare materials for investors. The Company will pay the Representative a cash fee for such services upon the consummation of its initial Business Combination in an amount equal to $2,415,000 (representing 3.0% of the total gross proceeds raised in the Offering (exclusive of any applicable finders’ fees which might become payable)).
	In connection with the closing of the Offering, the Company has sold to the underwriter, for $100, a unit purchase option to purchase up to a total of 420,000 units exercisable at $10.00 per unit (or an aggregate exercise price of $4,200,000) commencing on the later of the consummation of a Business Combination and December 17, 2014.  The unit purchase option expires on December 17, 2018.  The units issuable upon exercise of this option are identical to the Units sold in the Offering.  The holders of the unit purchase option have demand and “piggy back” registration rights for periods of five and seven years, respectively, from the effective date of the Public Offering, including securities directly and indirectly issuable upon exercise of the unit purchase option.
	The Company has accounted for the fair value of the unit purchase option, inclusive of the receipt of a $100 cash payment, as an expense of the Offering resulting in a charge directly to stockholders’ equity. The Company has determined that the fair value of this unit purchase option was approximately $1,402,485 (or $3.34 per Unit) using the Black-Scholes option-pricing model. The fair value of the unit purchase option was estimated as of the date of grant using the following assumptions: (1) expected volatility of 35%, (2) risk-free interest rate of 1.68% and (3) expected life of five years. The unit purchase option may be exercised for cash or on a “cashless” basis, at the holder’s option (except in the case of a forced cashless exercise upon the Company’s redemption of the Warrants, as described above), such that the holder may use the appreciated value of the unit purchase option (the difference between the exercise prices of the unit purchase option and the underlying Warrants and the market price of the Units and underlying shares of common stock) to exercise the unit purchase option without the payment of any cash. The Company will have no obligation to net cash settle the exercise of the unit purchase option or the Warrants underlying the unit purchase option. The holder of the unit purchase option will not be entitled to exercise the unit purchase option or the Warrants underlying the unit purchase option unless a registration statement covering the securities underlying the unit purchase option is effective or an exemption from registration is available. If the holder is unable to exercise the unit purchase option or underlying Warrants, the unit purchase option or Warrants, as applicable, will expire worthless.

Notes_Payable_and_Advance_from

Notes Payable and Advance from Stockholders - Related Party	3 Months Ended
	Dec. 31, 2013
Note Payable and Advance from Stockholder - Related Party [Abstract]	'
Note Payable and Advance from Stockholder - Related Party	'
	Note 5 — Note Payable and Advance from Stockholder – Related Party
	On October 2, 2013, the Company issued a $100,000 principal amount unsecured promissory note to Cambridge Capital LLC (“Affiliate”), an affiliate of the Company’s Chief Executive Officer. The note was non-interest bearing and was payable on the earlier to occur of (i) October 2, 2014, (ii) the consummation of the Offering or (iii) the date on which the Company determined not to proceed with the Offering. Due to the short-term nature of the note, the fair value of the note approximates the carrying amount. This note was repaid in full on December 24, 2013.
	On December 17, 2013, Affiliate advanced the Company an aggregate of $70,000 for the payment of offering costs. This amount was repaid in full on December 24, 2013.

Commitments

Commitments	3 Months Ended
	Dec. 31, 2013
Commitments [Abstract]	'
Commitments	'
	Note 6— Commitments
	Office Space
	The Company presently occupies office space provided by the Affiliate.  Such Affiliate has agreed that, until the Company consummates a Business Combination, it will make such office space, as well as certain office and secretarial services, available to the Company, as may be required by the Company from time to time.  The Company has agreed to pay such affiliate $10,000 per month for such services commencing on December 17, 2013.

Income_Taxes

Income Taxes	3 Months Ended
	Dec. 31, 2013
Income Taxes [Abstract]	'
Income Taxes	'
	Note 7—Income Taxes
	The Company’s net deferred tax assets are as follows:
		As of
		December 31,
		2013
	Net operating loss carry forwards	$	3,248
	Total deferred tax assets		3,248
	Less: Valuation allowance		(3,248	)
	Net deferred tax assets	$	-
	The Company has a net operating loss of approximately $8,329 that expires in 2033. The ultimate realization of the net operating loss is dependent upon future taxable income, if any, of the Company and may be limited in any one period by alternative minimum tax rules. Although management believes that the Company will have sufficient future taxable income to absorb the net operating loss carryovers before the expiration of the carryover period, there may be circumstances beyond the Company’s control that limit such utilization. Accordingly, management has determined that a full valuation allowance of the deferred tax asset is appropriate at December 31, 2013.
	Internal Revenue Code Section 382 imposes limitations on the use of net operating loss carryovers when the stock ownership of one or more 5% shareholders (shareholders owning 5% or more of the Company’s outstanding capital stock) has increased on a cumulative basis by more than 50 percentage points within a period of two years. Management cannot control the ownership changes occurring as a result of public trading of the Company’s Common Stock. Accordingly, there is a risk of an ownership change beyond the control of the Company that could trigger a limitation of the use of the loss carryover.
	The Company established a valuation allowance of $3,248 as of December 31, 2013, which fully offset the deferred tax assets of $3,248.
	A reconciliation of the statutory federal income tax rate to the Company’s effective tax rate at December 31, 2013 is as follows:
		For the Period
		1-Oct-13
		(inception) through December 31,
		2013
	Tax benefit at federal statutory rate		(34.0	)%
	State income tax, net of federal benefit		(5.0	)%
	Increase in valuation allowance		39	%
	Effective income tax rate		-	%

Stockholders_Equity

Stockholders' Equity	3 Months Ended
	Dec. 31, 2013
Stockholders' Equity [Abstract]	'
Stockholders' Equity	'
	Note 8 — Stockholders’ Equity
	Preferred Stock
	The Company is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 per share with such designation, rights and preferences as may be determined from time to time by the Company’s board of directors.
	As of December 31, 2013, there are no shares of preferred stock issued or outstanding.
	Common Stock
	The Company is authorized to issue 40,000,000 shares of common stock with a par value of $0.0001 per share.
	In connection with the organization of the Company, on December 23, 2013, the Sponsors Shares, consisting of a total of 2,012,500 shares of the Company’s common stock were sold to the Sponsors at a price of approximately $0.01 per share for an aggregate of $25,000. This number included an aggregate of 262,500 shares that would have been subject to forfeiture if the over-allotment option had not been exercised in full by the underwriters.  On December 23, 2013, the underwriters exercised their overallotment option and such option was fully exercised on December 30, 2013.  As a result, no shares remain subject to forfeiture.
	At December 31, 2013, 2,899,551 shares of the Company’s common stock were issued and outstanding, excluding 7,635,074 shares subject to possible conversion or tender.
	The Sponsors Shares were placed into an escrow account maintained by Continental Stock Transfer and Trust Company, acting as escrow agent. Subject to certain limited expectations, these shares will not be transferable during the escrow period. Such shares will be released from escrow on the first anniversary of the closing date of the initial Business Combination, or earlier upon the occurrence of certain events.

Significant_Accounting_Policie1

Significant Accounting Policies (Policies)	3 Months Ended
	Dec. 31, 2013
Significant Accounting Policies [Abstract]	'
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company maintains cash balances that may be uninsured or in deposit accounts that exceed Federal Deposit Insurance Corporation limits. The Company maintains its cash deposits with major financial institutions.
Cash and Cash Equivalents Held in Trust Account	'
	Cash and Cash Equivalents Held in Trust Account
	The amounts held in the Trust Account represent substantially all of the proceeds of the Offering and are classified as restricted assets since such amounts can only be used by the Company in connection with the consummation of a Business Combination.  At December 31, 2013, the assets in the Trust Account were held in cash.
Common Stock Subject to Possible Conversion	'
	Common Stock Subject to Possible Conversion
	The Company accounts for its common stock subject to possible conversion in accordance with the guidance provided in ASC Topic No. 480 “Distinguishing Liabilities from Equity.”   Common stock subject to mandatory conversion (if any) is classified as a liability instrument and is measured at fair value. Conditionally convertible common stock (including common stock that features conversion rights that are either within the control of the holder or subject to conversion upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. At all other times, common stock is classified as stockholders’ equity. The Company’s common stock features certain conversion rights that are considered by the Company to be outside of the Company’s control and subject to the occurrence of uncertain future events. Accordingly at December 31, 2013, the common stock subject to possible conversion is presented as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheet.
Loss Per Share	'
	Loss Per Share
	Loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period. Common shares subject to possible redemption of 7,635,074 shares at December 31, 2013 have been excluded from the calculation of basic loss per share since such shares, if redeemed, only participate in their pro rata share of the trust earnings.  Weighted average shares for the period from October 1, 2013 (inception) through December 31, 2013 were reduced for the effect of an aggregate 262,500 shares of common stock that were subject to forfeiture from October 1, 2013 (inception) through December 30, 2013, the date upon which the underwriters’ over-allotment was funded (See Note 8 Stockholders’ Equity).  The Company has not considered the effect of (i) warrants sold in the Public Offering and Private Placement to purchase 8,522,125 shares of the Company’s common stock and (ii) 420,000 shares of common stock and warrants to purchase 420,000 common shares included in the unit purchase option sold to the underwriter, in the calculation of diluted loss per share, since the exercise of the warrants is contingent on the occurrence of future events.
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 expenses during the reporting period. Actual results could differ from those estimates.
Income Taxes	'
	Income Taxes
	The Company accounts for income taxes under ASC Topic 740 “Income Taxes” (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statements and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.
	ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Company is required to file income tax returns in the United States (federal) and in various state and local jurisdictions. Based on the Company’s evaluation, it has been concluded that there are no significant uncertain tax positions requiring recognition in the Company’s financial statements. Since the Company was incorporated on October 1, 2013, the evaluation was performed for the 2013 tax year, which will be the only period subject to examination. The Company believes that its income tax positions and deductions would be sustained on audit and does not anticipate any adjustments that would result in a material change to its financial position.
	The Company’s policy for recording interest and penalties associated with audits is to record such expense as a component of income tax expense. There were no amounts accrued for penalties or interest as of or during the period October 1, 2013 (inception) through December 31, 2013. Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its position.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying balance sheet.
Subsequent Events	'
	Subsequent Events
	The Company evaluates events that have occurred after the balance sheet date of December 31, 2013 through the date which these financial statements were issued.  Based upon the review, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the financial statements.

Income_Taxes_Tables

Income Taxes (Tables)	3 Months Ended
	Dec. 31, 2013
Income Taxes [Abstract]	'
Schedule of deferred tax assets and liabilities	'
		As of
		December 31,
		2013
	Net operating loss carry forwards	$	3,248
	Total deferred tax assets		3,248
	Less: Valuation allowance		(3,248	)
	Net deferred tax assets	$	-
Schedule of effective income tax rate reconciliation	'
		For the Period
		1-Oct-13
		(inception) through December 31,
		2013
	Tax benefit at federal statutory rate		(34.0	)%
	State income tax, net of federal benefit		(5.0	)%
	Increase in valuation allowance		39	%
	Effective income tax rate		-	%

Organization_and_Plan_of_Busin1

Organization and Plan of Business Operations (Details) (USD $)	0 Months Ended	1 Months Ended	3 Months Ended
	Dec. 23, 2013	Dec. 30, 2013	Dec. 31, 2013
Organization and Plan of Business Operations (Textual)	'	'	'
Proceeds from offering	'	'	$77,376,225
Proceeds from Private Placement	'	'	4,721,250
Public offering	25,000	10,500,000	'
Sale of stock, price per share	'	$10	'
Sale of units, number of unit sold	2,012,500	1,050,000	'
Percentage of balance of funds in Trust Account	'	'	80.00%
Minimum net tangible assets required to proceed business combination	'	'	5,000,001
Percentage of redemption shares sold in offering from public stockholders	'	'	100.00%
Liquidation Per Share Price To Public Stockholders	'	'	$10.10
Common Stock [Member]	'	'	'
Organization and Plan of Business Operations (Textual)	'	'	'
Sale of stock, price per share	'	'	$0.01
Trust Account [Member]	'	'	'
Organization and Plan of Business Operations (Textual)	'	'	'
Public offering	'	81,305,000	'
Sale of stock, price per share	'	$10.10	'
US Treasury Bill Securities [Member]	'	'	'
Organization and Plan of Business Operations (Textual)	'	'	'
Maturity description	'	'	'180 days or less
Sponsor [Member] | Common Stock [Member]	'	'	'
Organization and Plan of Business Operations (Textual)	'	'	'
Sale of units, number of unit sold	'	'	2,012,500
IPO [Member]	'	'	'
Organization and Plan of Business Operations (Textual)	'	'	'
Proceeds from offering	67,217,475	'	'
Public offering	70,000,000	10,500,000	'
Sale of stock, price per share	$10	$10	'
Sale of units, number of unit sold	7,000,000	1,050,000	'
Discount on underwriters	2,275,000	'	'
Offering expenses	507,525	'	'
IPO [Member] | Underwriter [Member]	'	'	'
Organization and Plan of Business Operations (Textual)	'	'	'
Discount on underwriters	'	'	2,616,250
Offering expenses	'	'	2,415,000
Private Placement [Member]	'	'	'
Organization and Plan of Business Operations (Textual)	'	'	'
Proceeds from Private Placement	4,275,000	446,250	'
Sale of stock, price per share	$10	$10	'
Sale of units, number of unit sold	427,500	44,625	'
Private Placement [Member] | Sponsor [Member]	'	'	'
Organization and Plan of Business Operations (Textual)	'	'	'
Public offering	'	'	$4,275,000
Sale of units, number of unit sold	'	'	427,500

Significant_Accounting_Policie2

Significant Accounting Policies (Details)	1 Months Ended	3 Months Ended
	Dec. 30, 2013	Dec. 31, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Possible redemption of common shares subject excluded from calculation of basic loss per share	'	7,635,074
Number of shares forfeiture	'	262,500
Number of antidiluted shares	262,500	7,635,074
Equity Option [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Number of antidiluted shares	'	420,000
Warrant [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Number of antidiluted shares	'	8,522,125

Public_Offering_and_Private_Pl1

Public Offering and Private Placement (Details) (USD $)	0 Months Ended	1 Months Ended	3 Months Ended
	Dec. 23, 2013	Dec. 30, 2013	Dec. 31, 2013
Subsidiary, Sale of Stock [Line Items]	'	'	'
Sale of units, number of unit sold	2,012,500	1,050,000	'
Proceeds from Issuance of Private Placement	'	'	$4,721,250
Number of units issued, price per unit	'	$10	'
Sale of unit, amount received for transaction	25,000	10,500,000	'
Sale of unit purchase option	'	'	100
IPO [Member]	'	'	'
Subsidiary, Sale of Stock [Line Items]	'	'	'
Sale of units, number of unit sold	7,000,000	1,050,000	'
Number of units issued, price per unit	$10	$10	'
Sale of unit, amount received for transaction	70,000,000	10,500,000	'
Sale of unit, description	'	'	'Each Unit consisted of one share of common stock of the Company and one Warrant to purchase one share of common stock of the Company ("Warrant").
Discount on underwriters	2,275,000	'	'
Offering expenses	507,525	'	'
Number of stock option unit exercisesd	'	'	4,200,000
Number of stock option unit exercisesd, shares	'	'	420,000
Stock option unit exercisesd, price per shares	'	'	$10
Stock option expire date	'	'	17-Dec-18
Stock option fair value	'	'	1,402,485
Stock option fair value per share	'	'	$3.34
Stock option assumption fair value expected volatility rate	'	'	35.00%
Stock option assumption fair value expected interest rate	'	'	1.68%
Stock option assumption fair value expected life	'	'	'5 years
Sale of unit purchase option	'	'	100
Purchase Option Description	'	'	'
			The Company has accounted for the fair value of the unit purchase option, inclusive of the receipt of a $100 cash payment, as an expense of the Offering resulting in a charge directly to stockholders’ equity.
IPO [Member] | Warrant [Member]	'	'	'
Subsidiary, Sale of Stock [Line Items]	'	'	'
Number of units issued, price per unit	'	'	$11.50
Warrant redemption description	'	'	'Warrants at a price of $0.01 per Warrant upon 30 days' notice, only in the event that the last sale price of the shares of common stock is at least $17.50 per share for any 20 trading days within a 30-trading day period ("30-Day Trading Period")
Stock option expire date	'	'	17-Dec-18
IPO [Member] | Underwriter [Member]	'	'	'
Subsidiary, Sale of Stock [Line Items]	'	'	'
Underwriters discount, description	'	'	'Company paid 3.25% of the gross proceeds of the Offering or $2,616,250 as underwriting discounts and commissions.
Discount on underwriters	'	'	2,616,250
Offering expenses	'	'	2,415,000
Underwriters fees description	'	'	'
			Cash fee for such services upon the consummation of its initial Business Combination in an amount equal to $2,415,000 (representing 3.0% of the total gross proceeds raised in the Offering
Private Placement [Member]	'	'	'
Subsidiary, Sale of Stock [Line Items]	'	'	'
Sale of units, number of unit sold	427,500	44,625	'
Proceeds from Issuance of Private Placement	$4,275,000	$446,250	'
Number of units issued, price per unit	$10	$10	'

Notes_Payable_and_Advance_from1

Notes Payable and Advance from Stockholders - Related Party (Details) (Chief Executive Officer [Member], USD $)	0 Months Ended
	Dec. 17, 2013	Oct. 02, 2013
Chief Executive Officer [Member]	'	'
Related Party Transaction [Line Items]	'	'
Unsecured promissory note	'	$100,000
Unsecured promissory note repayment date	24-Dec-13	24-Dec-13
Debt instrument description	'	'The note was non-interest bearing and was payable on the earlier to occur of (i) October 2, 2014, (ii) the consummation of the Offering or (iii) the date on which the Company determined not to proceed with the Offering
Advance from affiliates	$70,000	'

Commitments_Details

Commitments (Details) (USD $)	3 Months Ended
	Dec. 31, 2013
Commitments (Textual)	'
Office space and service expense	$10,000

Income_Taxes_Details

Income Taxes (Details) (USD $)	Dec. 31, 2013
Income Taxes [Abstract]	'
Net operating loss carry forwards	$3,248
Total deferred tax assets	3,248
Less: Valuation allowance	-3,248
Net deferred tax assets	'

Income_Taxes_Details_1

Income Taxes (Details 1)	3 Months Ended
	Dec. 31, 2013
Income Taxes [Abstract]	'
Tax benefit at federal statutory rate	-34.00%
State income tax, net of federal benefit	-5.00%
Increase in valuation allowance	39.00%
Effective income tax rate	'

Income_Taxes_Details_Textual

Income Taxes (Details Textual) (USD $)	3 Months Ended
	Dec. 31, 2013
Income Taxes (Textual)	'
Operating loss carryforwards	$8,329
Expiration date of operating loss	31-Dec-33
Valuation allowance of deferred tax assets	$3,248
Limitations of net operating loss carryovers, description	'Limitations on the use of net operating loss carryovers when the stock ownership of one or more 5% shareholders (shareholders owning 5% or more of the Company's outstanding capital stock) has increased on a cumulative basis by more than 50 percentage points within a period of two years.

Stockholders_Equity_Details

Stockholders' Equity (Details) (USD $)	Dec. 31, 2013	Dec. 23, 2013
		Sponsor [Member]
Preferred stock, shares authorized	1,000,000	'
Preferred stock, par value	$0.00	'
Preferred stock, shares issued	'	'
Preferred stock, shares outstanding	'	'
Common stock, shares authorized	40,000,000	'
Common stock, par value	$0.00	'
Common stock issued to sponsors	'	2,012,500
Common stock issued to sponsors value	'	$25,000
Price per share amount	'	$0.01
Founder shares forfeited upon underwriters election not to exercise their over-allotment option	262,500	'
Common stock, shares issued	2,899,551	'
Common stock, shares outstanding	2,899,551	'
Common stock, subject to possible conversion or tender	7,635,074	'