Limbach (LMB) 10-Q 8 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Entity Registrant Name	1347 CAPITAL CORP
Entity Central Index Key	1606163
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Trading Symbol	TFSCU
Entity Common Stock, Shares Outstanding	5,948,000

Condensed_Balance_Sheet

Condensed Balance Sheet (USD $)	Mar. 31, 2015	Dec. 31, 2014
Current assets
Cash	$309,233	$397,387
Prepaid expenses	50,905	72,479
Total assets	360,138	469,866
Cash and investments held in trust account	46,014,732	46,008,549
Total Assets	46,374,870	46,478,415
Current liabilities
Accounts payable & accrued expenses	102,434	69,854
Note payable to stockholder	125,000	125,000
Total liabilities	227,434	194,854
Common Stock subject to possible redemption; 4,099,999 shares at approximately $10 per share	40,999,990	40,999,990
Stockholders' equity
Preferred stock, $.0001 par value; 1,000,000 shares authorized; none issued and outstanding	0	0
Common stock, $.0001 par value; 10,000,000 shares authorized; 1,848,001 issued and outstanding	185	185
Additional paid-in capital	5,473,141	5,473,141
Deficit accumulated during the development stage	-325,880	-189,755
Total stockholders’ equity	5,147,446	5,283,571
Total liabilities and stockholders’ equity	$46,374,870	$46,478,415

Condensed_Balance_Sheet_Parent

Condensed Balance Sheet (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Common stock redemption amount shares	4,099,999	4,099,999
Common stock redemption amount per share	$10	$10
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares, issued	1,848,001	1,848,001
Common stock, shares, outstanding	1,848,001	1,848,001

Condensed_Statement_of_Operati

Condensed Statement of Operations (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2015
Revenues	$0	$0
Formation costs	0	565
General and administrative costs	142,308	340,047
Operating loss	-142,308	-340,612
Other income:
Interest income	6,183	14,732
Net loss	($136,125)	($325,880)
Weighted average common shares outstanding
Basic and diluted	1,848,001	1,648,451
Basic and diluted net loss per share	($0.07)	($0.20)

Condensed_Statement_of_Changes

Condensed Statement of Changes in Stockholders' Equity (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit during Development Stage [Member]
Balance at April 15, 2014 at Apr. 14, 2014	$0	$0	$0	$0
Common shares issued to initial stockholders	25,000	115	24,885	0
Common shares issued to initial stockholders (in shares)		1,150,000
Sale of 4,600,000 units at $10 per unit in IPO, including over-allotment, net of underwriters' discount and offering expenses	44,168,216	460	44,167,756	0
Sale of 4,600,000 units at $10 per unit in IPO, including over-allotment, net of underwriters' discount and offering expenses (in shares)		4,600,000
Sale of 198,000 units at $10 per unit in private placement, including over-allotment	1,980,000	20	1,979,980	0
Sale of 198,000 units at $10 per unit in private placement, including over-allotment (in shares)		198,000
Sale of 600,000 $15 exercise price warrants at $0.5 per warrant in private placement	300,000	0	300,000
Issuance of underwriter purchase option	100	0	100	0
Common shares subject to possible redemption	-40,999,990	-410	-40,999,580
Common shares subject to possible redemption (in shares)		-4,099,999
Net loss	-325,880	0	0	-325,880
Balance at March 31, 2015 at Mar. 31, 2015	$5,147,446	$185	$5,473,141	($325,880)
Balance at March 31, 2015 (in shares) at Mar. 31, 2015		1,848,001

Condensed_Statement_of_Changes1

Condensed Statement of Changes in Stockholders' Equity (Parenthetical) (USD $)	12 Months Ended
	Mar. 31, 2015
Sale Of Warrants	600,000
Investment Warrants, Exercise Price	$15
Private Placement Warrants Per Share	$0.50
IPO [Member]
Sale Of Warrants	4,600,000
Sale Of Stock Per Share	$10
Private Placement [Member]
Sale Of Warrants	198,000
Sale Of Stock Per Share	$10

Condensed_Statement_of_Cash_Fl

Condensed Statement of Cash Flows (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2015
Cash flows from operating activities
Net loss	($136,125)	($325,880)
Change in operating assets and liabilities:
Accounts payable	32,580	102,434
Prepaid assets	21,574	-50,905
Net cash used in operating activities	-81,971	-274,351
Cash flows from investing activities
Investment in restricted cash and investments	-6,183	-46,014,732
Net cash used in investing activities	-6,183	-46,014,732
Cash flows from financing activities
Proceeds from sale of shares of common stock to initial stockholder	0	25,000
Proceeds from note payable - stockholder	0	125,000
Proceeds from sale of units in IPO, including over-allotment, net of offering costs	0	44,168,216
Proceeds from private placement of units, including over-allotment	0	1,980,000
Proceeds from private placement of $15 exercise price warrants	0	300,000
Proceeds from sale of underwritter purchase option	0	100
Net Cash provided by financing activities	0	46,598,316
Net increase (decrease) in cash	-88,154	309,233
Cash at beginning of period	397,387	0
Cash at end of period	$309,233	$309,233

Condensed_Statement_of_Cash_Fl1

Condensed Statement of Cash Flows (Parenthetical) (USD $)	12 Months Ended
	Mar. 31, 2015
Investment Warrants, Exercise Price	$15

Organization_and_Plan_of_Busin

Organization and Plan of 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]	Note 1 — Organization and Plan of Business Operations
	1347 Capital Corp. (“1347 Capital” or the “Company”) was incorporated in Delaware on April 15, 2014 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 operating businesses (a “Business Combination”).
	At March 31, 2015, the Company had not yet commenced any operations. All activity through March 31, 2015 relates to the Company’s formation and the Offering described below. The Company has selected December 31 as its fiscal year-end.
	The registration statement for the Company’s initial public offering (the “Offering”) was declared effective on July 15, 2014. The Company consummated the Offering of 4,000,000 units (“Units”) on July 21, 2014 generating gross proceeds of $40,000,000. The Company granted the representative of the underwriters a 45-day option to purchase up to 600,000 Units solely to cover over-allotments, if any. Simultaneously with the closing of the Offering, 1347 Capital also consummated a private placement of 180,000 units (“Private Units,”) at $10 per unit and 600,000 warrants, or “$15 Exercise Price Sponsor Warrants” at $0.50 per warrant generating gross proceeds of $2,100,000. In April 2014, Company’s insiders purchased an aggregate of 1,150,000 shares of common stock (the “Insider Shares),” for an aggregate purchase price of $25,000, or approximately $0.02 per share.
	On July 21, 2014 the underwriters exercised their over-allotment option in full and on July 23, 2014 purchased an additional 600,000 Units subject to such over-allotment option. The Units issued pursuant to the over-allotment option were sold at the Offering price of $10.00 per Unit, generating gross proceeds of $6,000,000. In a private sale that took place simultaneously with the consummation of the exercise of the over-allotment option, the sponsor purchased an additional 18,000 Private Units at $10.00 per unit.
	All of the proceeds received from the Offering and sale of Private Units have been placed in the trust account after paying for certain expenses and working capital requirements of the Company, such that at least approximately $10.00 per Unit sold in the Offering will be held in a reputable bank or trust company (“Trust Account”) until the earlier of (i) the consummation of the Company’s initial Business Combination and (ii) the Company’s failure to consummate a Business Combination within the prescribed time. After deducting the Offering expenses, 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. Additionally, the interest earned on the Trust Account balance may be released to the Company to fund working capital requirements as well as for any amounts that are necessary to pay the Company’s tax obligations.
	In connection with any proposed Business Combination, the Company will seek stockholder approval of an initial Business Combination at a meeting called for such purpose at which stockholders may seek to convert their shares, regardless of whether they vote for or against the proposed Business Combination. The Company, after signing a definitive agreement for the acquisition of a target business, is required to provide stockholders who acquired common shares in the Offering (“Public Stockholders”) with the opportunity to convert their common shares for a pro rata share of the Trust Account, however, there will be a mechanism to prevent a Public Stockholder from voting, or seeking conversion for more than 20% of the shares sold in the Offering. The insiders shall not be entitled to seek conversion with respect to any Insider Shares nor with respect to any shares of common stock purchased by them in the Offering or in the aftermarket.
	If the Company is unable to complete its initial Business Combination within 18 months from the date of the Offering (or 24 months from the date of the Offering if the Company has executed a letter of intent or definitive agreement for a Business Combination within 18 months from the date of the Offering but has not completed such Business Combination within the 18-month period), the Company will liquidate and dissolve and distribute its assets in the Trust Account to the Public Stockholders. In such case, each Public Stockholder will receive a full pro rata portion of the amount then in the Trust Account, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company for working capital purposes or to pay any of its taxes. The holders of Insider Shares and Private Units will not participate in any redemption distribution with respect to their Insider Shares and Private Units, including the common stock included in the Private Units.
	If the Company is unable to conclude its initial Business Combination and expends all of the net proceeds of the Offering not deposited in the Trust Account, without taking into account any interest earned on the Trust Account, the Company expects that the per-share redemption price for common stock will be approximately $10.00. The placement of 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 and service providers engaged and prospective target businesses the Company negotiate with execute agreements waiving any right, title, interest or claim of any kind in or to any monies held in the Trust Account for the benefit of Company’s Public Stockholders, they may not execute such agreements. Furthermore, even if such entities execute such agreements with the Company, they may seek recourse against the Trust Account. A court may not uphold the validity of such agreements. Accordingly, the proceeds held in the Trust Account could be subject to claims which could take priority over those of the Public Stockholders. Therefore, the actual per-share redemption price may be less than approximately $10.00.
	Emerging Growth Company
	Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, 1347 Capital Corp., as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accountant standards used.

Significant_Accounting_Policie

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Note 2 — Significant Accounting Policies
	Basis of Presentation
	The accompanying financial statements of the Company are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”).
	Loss per Share
	Loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period, excluding shares of common stock subject to possible redemption. The Company did not take into account the outstanding dilutive securities in calculating the loss per share because it reported net loss for the period. As a result, diluted loss per common share is the same as basic loss per common share for the period.
	Fair Value of Financial Instruments
	The fair value of the Company’s assets and liabilities, which qualify as financial instruments under FASB ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the balance sheet.
	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.
	Cash and Cash Equivalents
	The Company considers all short-term investments with a maturity of three months or less when purchased to be cash equivalents. The Company maintains cash balances that at times may be uninsured or in deposit accounts that exceed Federal Deposit Insurance Corporation limits. The Company maintains its cash deposits with major financial institutions.
	Securities held in Trust Account
	At March 31, 2015, the assets in the Trust Account were valued at $46,014,732, of which $45,990,310 was invested in United States Treasury Bills and $24,422 held as cash.
	Common Stock Subject to Possible Conversion
	The Company accounts for its common stock subject to possible conversion in accordance with ASC 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 redemption 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 March 31, 2015, the common stock subject to possible redemption is presented as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheet.
	Although the Company did not specify a maximum redemption threshold, its charter provides that in no event will it redeem its public shares in an amount that would cause its net tangible assets (stockholders’ equity) to be less than $5,000,001.
	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 retained earnings.
	Accordingly, at March 31, 2015, 4,099,999 of the 4,600,000 public shares were classified outside of permanent equity at its redemption value.
	Income Taxes
	The Company accounts for income taxes under ASC 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. 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. 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 March 31, 2015. 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
	In June 2014, the FASB issued Accounting Standards Update (ASU)  2014-10 which eliminated the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows, and shareholder equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. This ASU is effective for annual reporting periods beginning after December 15, 2014, and interim periods therein. Early application is permitted for any annual reporting period or interim period for which the entity’s financial statements have not yet been issued. Upon adoption, entities will no longer present or disclose any information required by Topic 915. We adopted the new standard beginning January 1, 2015, while we continue to provide inception-to-date information in the statement of income, cash flows, and shareholder equity.

The_Offering

The Offering	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
Initial Public Offering [Text Block]	Note 3 — The Offering
	The Company consummated the Offering of 4,000,000 Units on July 21, 2014. Each Unit was offered at a price of $10.00 and consists of one share of common stock, one right to receive one-tenth (1/10) of a share of common stock automatically on the consummation of a Business Combination and one warrant. Each warrant entitles the holder thereof to purchase one-half of one share of common stock at a price of $11.50 per full share, subject to certain adjustments. The warrants will become exercisable on the later of 30 days after the completion of the Business Combination and 12 months from the closing of the Offering, and will expire five years after the completion of the Business Combination or earlier upon redemption or liquidation. The Company also granted EarlyBirdCapital, Inc., the representative of the underwriters (the “Representative”), a 45-day option to purchase up to 600,000 Units (over and above the 4,000,000 Units referred to above) solely to cover over-allotments, if any. On July 21, 2014 the underwriters exercised their over-allotment option in full and on July 23, 2014 purchased an additional 600,000 Units subject to such over-allotment option. The Units issued pursuant to the over-allotment option were sold at the Offering price of $10.00 per Unit, generating gross proceeds of $6,000,000.
	If the Company is unable to consummate a Business Combination within 18 months from the closing of this Offering, or 24 months from the closing of this Offering if the Company has entered into a letter of intent or definitive agreement with a target business for a Business Combination within 18 months from the closing of this Offering and such Business Combination has not yet been consummated within such 18-month period, it will redeem 100% of the shares held by Public Stockholders using the funds in the Trust Account described above. In such event, the rights and warrants held by Public Stockholders will expire and be worthless.
	The Company paid the underwriters in the Offering an underwriting discount of 3% ($1,200,000) of the gross proceeds of the Offering. An additional 3% underwriting discount of $180,000 was paid to underwriters for the proceeds generated upon exercise of the over-allotment option. On July 21, 2014 simultaneously with the completion of the Offering, the Company also issued a unit purchase option (“UPO”), for $100, to the Representative or its designees to purchase up to a total of 300,000 Units. The UPO will be exercisable at any time, in whole or in part, during the period commencing on the later of the first anniversary of the effective date of the Offering registration statement and closing of Business Combination and terminating on the fifth anniversary of the effective date of the Offering registration statement at a price per Unit equal to $10. The UPO may be exercised for cash or on a cashless basis. The Company estimates that the fair value of the UPO is approximately $812,131 (or approximately $2.71 per unit) using a Black-Scholes option-pricing model. The fair value of the UPO is estimated as of the date of grant using the following assumptions: (1) expected volatility of 30%, (2) risk-free interest rate of 1.37% and (3) expected life of five years.
	Simultaneously with the closing of the Offering, the Company has also consummated a private placement of 180,000 units (“Private Units,”) at $10 per unit and 600,000 warrants, or “$15 Exercise Price Sponsor Warrants” at $0.50 per warrant generating gross proceeds of $2,100,000. In a private sale that took place simultaneously with the consummation of the exercise of the over-allotment option, the sponsor purchased an additional 18,000 Private Units at $10.00 per unit generating additional proceeds of $180,000.

Offering_Costs

Offering Costs	3 Months Ended
	Mar. 31, 2015
Offering Costs [Abstract]
Offering Costs [Text Block]	Note 4 — Offering Costs
	Offering costs consist principally of legal, accounting and underwriting costs incurred through the balance sheet date that are directly related to the Offering. Offering costs amounting to $1,831,784 (including $1,380,000 in underwriters fees) were charged to stockholders’ equity upon completion of the Offering.

Note_Payable_to_Stockholder

Note Payable to Stockholder	3 Months Ended
	Mar. 31, 2015
Notes Payable [Abstract]
Note Payable To Stockholder [Text Block]	Note 5 — Note Payable to Stockholder
	The Company issued a $125,000 principal amount unsecured promissory note to 1347 Investors LLC, the sponsor and holder of Insider Shares, on April 17, 2014. The note is non-interest bearing and payable no later than the date of the consummation of an initial Business Combination. Due to the short-term nature of the note, the fair value of the note approximates the carrying amount.

Commitments

Commitments	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note 6 — Commitments
	The Company has engaged the Representative to act as its advisor in connection with its initial Business Combination to provide it with assistance in negotiating and structuring the terms of its initial Business Combination. The Company will pay the Representative a cash fee equal to 3.5% of the total gross proceeds raised in the Offering or $1,610,000 for such services upon the consummation of its initial Business Combination, exclusive of any applicable finders’ fees which might become payable, less up to 30% of such fee that the Company may allocate to one or more other advisors that assist it in identifying or consummating an initial Business Combination.
	In April 2014, Company’s insiders purchased an aggregate of 1,150,000 Insider Shares. The Insider Shares are identical to the shares of common stock included in the units being sold in this Offering. However, Company’s insiders have agreed (A) to vote their Insider Shares and any public shares acquired in or after the Offering 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 that would affect the substance or timing of Company’s obligation to redeem 100% of its shares held by Public Stockholders if the Company does not complete the initial Business Combination within 18 months from the closing of the Offering (or 24 months, as applicable), unless it provides Public Stockholders with the opportunity to redeem their shares of common stock upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to pay franchise and income taxes, divided by the number of then outstanding public shares, (C) not to convert any shares (including the Insider Shares) into the right to receive cash from the Trust Account in connection with a stockholder vote to approve the proposed initial Business Combination or a vote to amend the provisions of the certificate of incorporation relating to the substance or timing of Company’s obligation to redeem 100% of its shares held by Public Shareholders if the Company does not complete the initial Business Combination within 18 months from the closing of the Offering (or 24 months, as applicable) and (D) that the Insider Shares shall not be entitled to be redeemed for a pro rata portion of the funds held in the Trust Account if a Business Combination is not consummated. Additionally, the Insiders have agreed not to transfer, assign or sell any of the Insider Shares (except to certain permitted transferees) until, with respect to 50% of the Insider Shares, the earlier of one year after the date of the consummation of the initial Business Combination and the date on which the closing price of Company’s common stock equals or exceeds $12.50 per share for any 20 trading days within a 30-trading day period following the consummation of the initial Business Combination and, with respect to the remaining 50% of the Insider Shares, one year after the date of the consummation of the initial Business Combination.
	The Private Units issued in the private placement described above are identical to the Units sold in the Offering. However, the holders of Private Units have agreed (A) to vote their common shares included in the Private Units and any public shares acquired in or after the Offering in favor of any proposed Business Combination, (B) not to propose, or vote in favor of, an amendment to Company’s certificate of incorporation that would affect the substance or timing of Company’s obligation to redeem 100% of its shares held by Public Stockholders if the Company does not complete the initial Business Combination within 18 months from the closing of this Offering (or 24 months, as applicable), unless the Company provides its Public Stockholders with the opportunity to redeem their shares of common stock upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to pay franchise and income taxes, divided by the number of then outstanding public shares, (C) not to convert any shares (including the common shares in the Private Units) into the right to receive cash from the Trust Account in connection with a stockholder vote to approve the proposed initial Business Combination or a vote to amend the provisions of Company’s certificate of incorporation relating to the substance or timing of Company’s obligation to redeem 100% of its shares held by Public Stockholders if the Company does not complete its initial Business Combination within 18 months from the closing of the Offering (or 24 months, as applicable) and (D) that the common shares included in the Private Units shall not be entitled to be redeemed for a pro rata portion of the funds held in the Trust Account if a Business Combination is not consummated. Additionally, insiders (and/or their designees) have 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) until the completion of the initial Business Combination.
	The Company presently occupies office space provided by an affiliate of the Company’s sponsor. Such affiliate has agreed that until the Company consummates a Business Combination, they 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 an aggregate of $10,000 per month for such services commencing on the effective date of the Offering subject to Company’s assessment of its working capital requirements.

Stockholder_Equity

Stockholder Equity	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Note 7 — Stockholder 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 March 31, 2015 there are no shares of preferred stock issued or outstanding.
	Common Stock
	The Company is authorized to issue 10,000,000 shares of common stock with a par value of $0.0001 per share. As of March 31, 2015, 5,948,000 shares of common stock were issued and outstanding, including 4,600,000 shares of common stock underlying the Units issued in the Offering, 198,000 shares of common stock issued in the private placement, and 1,150,000 Insider Shares issued by the Company to insiders in April 2014. Of the total 5,948,000 shares of common stock issued and outstanding, 4,099,999 shares of common stock were classified outside of permanent equity as common stock subject to possible redemption. See Note 2 - Significant Accounting Policies for detailed discussion.
	On February 6, 2015, 1347 Investors LLC, our sponsor, transferred 10,000 shares of common stock to each director and special advisor of 1347 Capital Corp. for a purchase price of $0.0217391 per share.

Significant_Accounting_Policie1

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 of the Company are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”).
Earnings Per Share, Policy [Policy Text Block]	Loss per Share
	Loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period, excluding shares of common stock subject to possible redemption. The Company did not take into account the outstanding dilutive securities in calculating the loss per share because it reported net loss for the period. As a result, diluted loss per common share is the same as basic loss per common share for the period.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments
	The fair value of the Company’s assets and liabilities, which qualify as financial instruments under FASB ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the balance sheet.
Use of Estimates, Policy [Policy Text Block]	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.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents
	The Company considers all short-term investments with a maturity of three months or less when purchased to be cash equivalents. The Company maintains cash balances that at times may be uninsured or in deposit accounts that exceed Federal Deposit Insurance Corporation limits. The Company maintains its cash deposits with major financial institutions.
Securities Held In Trust Account [Policy Text Block]	Securities held in Trust Account
	At March 31, 2015, the assets in the Trust Account were valued at $46,014,732, of which $45,990,310 was invested in United States Treasury Bills and $24,422 held as cash.
Common Stock Possible Conversion [Policy Text Block]	Common Stock Subject to Possible Conversion
	The Company accounts for its common stock subject to possible conversion in accordance with ASC 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 redemption 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 March 31, 2015, the common stock subject to possible redemption is presented as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheet.
	Although the Company did not specify a maximum redemption threshold, its charter provides that in no event will it redeem its public shares in an amount that would cause its net tangible assets (stockholders’ equity) to be less than $5,000,001.
	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 retained earnings.
	Accordingly, at March 31, 2015, 4,099,999 of the 4,600,000 public shares were classified outside of permanent equity at its redemption value.
Income Tax, Policy [Policy Text Block]	Income Taxes
	The Company accounts for income taxes under ASC 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. 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. 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 March 31, 2015. Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its position.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements
	In June 2014, the FASB issued Accounting Standards Update (ASU)  2014-10 which eliminated the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows, and shareholder equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. This ASU is effective for annual reporting periods beginning after December 15, 2014, and interim periods therein. Early application is permitted for any annual reporting period or interim period for which the entity’s financial statements have not yet been issued. Upon adoption, entities will no longer present or disclose any information required by Topic 915. We adopted the new standard beginning January 1, 2015, while we continue to provide inception-to-date information in the statement of income, cash flows, and shareholder equity.

Organization_and_Plan_of_Busin1

Organization and Plan of Business Operations (Details Textual) (USD $)	1 Months Ended		3 Months Ended	12 Months Ended	0 Months Ended	1 Months Ended
	Jul. 21, 2014	Apr. 30, 2014	Mar. 31, 2015	Mar. 31, 2015	Jul. 15, 2014	Jul. 23, 2014
Stock Issued During Period, Shares, New Issues	4,000,000	1,150,000
Proceeds from Issuance Initial Public Offering			$0	$44,168,216
Proceeds from Issuance of Common Stock			0	25,000
Sale of Stock, Price Per Share	$10
IPO [Member]
Stock Issued During Period, Shares, New Issues					4,000,000
Proceeds from Issuance Initial Public Offering					40,000,000
Over-Allotment Option [Member]
Stock Issued During Period, Shares, New Issues						600,000
Proceeds from Issuance of Common Stock						6,000,000
Sale of Stock, Price Per Share	$10					$10
Class of Warrant or Right, Outstanding	600,000
Exercise Price Sponsor Warrants	600,000
Private Placement [Member]
Stock Issued During Period, Shares, New Issues	180,000
Sale of Stock, Price Per Share	$10
Class of Warrant or Right, Outstanding	600,000
Exercise Price Sponsor Warrants	15
Class of Warrant or Right, Exercise Price of Warrants or Rights	$0.50
Warrants and Rights Outstanding	2,100,000
Insider Shares [Member]
Proceeds from Issuance of Common Stock		25,000
Sale of Stock, Price Per Share		0.02
Stock Issued During Period, Shares, Other		1,150,000
Private Placement Additional Sale [Member]
Proceeds from Issuance of Common Stock						$18,000
Sale of Stock, Price Per Share						$10

Significant_Accounting_Policie2

Significant Accounting Policies (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Assets Held-in-trust, Current	46,014,732
Pubic Shares Redeemable Amount Reflected Intangible Assets	5,000,001
Temporary Equity, Shares Outstanding	4,099,999	4,099,999
IPO [Member]
Sale of Stock, Number of Shares Issued in Transaction	4,600,000
US Treasury Securities [Member]
Assets Held-in-trust, Current	45,990,310
Cash [Member]
Assets Held-in-trust, Current	24,422

The_Offering_Details_Textual

The Offering (Details Textual) (USD $)	1 Months Ended			3 Months Ended	12 Months Ended
	Jul. 21, 2014	Jul. 23, 2014	Apr. 30, 2014	Mar. 31, 2015	Mar. 31, 2015
Percentage Of Underwriters Discount		3.00%
Payment Of Underwriting Discounts		$1,200,000
Percentage Of Additional Underwriters Discount		3.00%
Payment Of Additional Underwriting Discounts		180,000
Stock Issued During Period, Shares, New Issues	4,000,000		1,150,000
Sale of Stock, Price Per Share	$10
Proceeds from Issuance of Common Stock				0	25,000
Proceeds from issuance of private placement				0	1,980,000
Common shares issued to initial stockholders					25,000
Percentage of shares redeemed		100.00%	100.00%
Warrant [Member]
Sale of Stock, Price Per Share	$11.50
Sponsor [Member]
Sale Of Purchase Option Value Of Option	18,000
Stock Issued During Period, Shares, New Issues	180,000
Sale of Stock, Price Per Share	$10
Sponsor Warrants [Member]
Stock Issued During Period, Shares, New Issues	600,000
Sale of Stock, Price Per Share	$10
Class of warrant or right, exercise price of warrants or rights	$0.50
Proceeds from issuance of private placement	2,100,000
Common shares issued to initial stockholders	15
Private Placement [Member]
Stock Issued During Period, Shares, New Issues	180,000
Sale of Stock, Price Per Share	$10
Class of warrant or right, exercise price of warrants or rights	$0.50
Over-Allotment Option [Member]
Stock Issued During Period, Shares, New Issues		600,000
Sale of Stock, Price Per Share	$10	$10
Proceeds from Issuance of Common Stock		6,000,000
Unit Purchase Option [Member]
Sale Of Purchase Option Value Of Option	100
Sale Of Purchase Option Units Issuable Upon Exercise Of Option	300,000
Registration Statement Price Per Unit	$10
Fair Value Of Stock Purchase Option	812,131
Fair Value Of Stock Purchase Option Price Per Option	$2.71
Fair Value Assumptions, Risk Free Interest Rate	1.37%
Fair value assumptions, expected term	5 years
Fair Value Assumptions, Expected Volatility Rate	30.00%
Early Bird Capital Inc [Member]
Sale Of Purchase Option Value Of Option	$600,000

Offering_Costs_Details_Textual

Offering Costs (Details Textual) (USD $)	Mar. 31, 2015
Deferred Offering Costs	$1,831,784
Underwriter Fee Related To Offering	$1,380,000

Note_Payable_to_Stockholder_De

Note Payable to Stockholder (Details Textual) (Unsecured Promissory Note [Member], USD $)	Apr. 17, 2014
Unsecured Promissory Note [Member]
Debt Instrument, Face Amount	$125,000

Commitments_Details_Textual

Commitments (Details Textual) (USD $)	1 Months Ended			3 Months Ended
	Jul. 21, 2014	Jul. 23, 2014	Apr. 30, 2014	Mar. 31, 2015	Dec. 31, 2014
Percentage of initial public offering proceeds				3.50%
Cash fee to be paid for services				$1,610,000
Stock issued during period, shares, new issues	4,000,000		1,150,000
Due to affiliate				$10,000
Common stock, par value (in dollars per share)				$0.00	$0.00
Percentage of shares redeemed		100.00%	100.00%
Insider Shares [Member]
Common stock, par value (in dollars per share)			12.5

Stockholder_Equity_Details_Tex

Stockholder Equity (Details Textual) (USD $)	Mar. 31, 2015	Feb. 06, 2015	Dec. 31, 2014	Apr. 30, 2014
Preferred stock, shares authorized	1,000,000		1,000,000
Preferred stock, par value (in dollars per share)	$0.00		$0.00
Common stock, shares authorized	10,000,000		10,000,000
Common stock, par value (in dollars per share)	$0.00		$0.00
Common stock, shares, issued	1,848,001		1,848,001
Common stock, shares, outstanding	1,848,001		1,848,001
Preferred stock, shares issued	0		0
Preferred stock, shares outstanding	0		0
Common stock redemption amount shares	4,099,999
Common stock shares transferred by sponsor		10,000
Share Price		$0.02
Common Stock [Member]
Common stock, shares, issued	5,948,000
Common stock, shares, outstanding	5,948,000
Private Placement [Member]
Common stock, shares, issued	198,000
Offering [Member]
Common stock, shares, issued	4,600,000
Insider Shares [Member]
Common stock, par value (in dollars per share)				$12.50
Common stock, shares, issued				1,150,000