Commitments and Contingencies (Details) - USD ($) |
1 Months Ended | 12 Months Ended | |
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Sep. 28, 2016 |
Aug. 24, 2016 |
Nov. 30, 2016 |
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Commitments and Contingencies (Textual) | |||
Underwriting fees | $ 1,300,000 | ||
Underwriting discount, percentage | 2.00% | ||
Units issued in public offering | 6,500,000 | 6,500,000 | |
Amount paid to underwriters | $ 100 | ||
Purchase options | 130,000 | ||
Receipt of cash payment | $ 100 | ||
Exercisable price per unit | $ 11.50 | ||
Aggregate exercise price amount | $ 1,495,000 | ||
Fair value of unit purchase option price | $ 6.01 | ||
Fair value using Black-Scholes option pricing model | $ 781,000 | ||
Expected volatility | 37.80% | ||
Risk-free interest rate | 1.83% | ||
Expected life | 5 years | ||
IPO [Member] | |||
Commitments and Contingencies (Textual) | |||
Estimated fair value of shares issued | 100,000 | ||
Over-Allotment Option [Member] | |||
Commitments and Contingencies (Textual) | |||
Underwriting fees | $ 80,122 | ||
Units issued in public offering | 400,610 | ||
Gross proceeds offering payable percentage | 2.50% | ||
Estimated fair value of shares issued | 6,164 |
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- Definition Exercise price of the option. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate exercise price amount. No definition available.
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- References No definition available.
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- Definition Percentage of gross proceeds offering payable. No definition available.
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- Definition The total number of option purchased. No definition available.
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- Definition The total fair value amount using black scholes option pricing model. No definition available.
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- Definition Percentage of underwriting discount. No definition available.
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- Definition The number of units issued in a public offering. No definition available.
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- Definition Amount of obligations payable to underwriters, promoters, and employees, excluding salaries and wages, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Expense related to distribution, servicing and underwriting fees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Agreed upon price for the exchange of the underlying asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net cash inflow or outflow from resulting from payment, receipt or drawdown of cash deposit to guarantee a loan during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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