Quartet Merger Corp.

CIK:0001581889|SEC Filings

Organization, Plan of Business Operations and Liquidity (Details Textual) (USD $)	9 Months Ended		9 Months Ended
	Dec. 31, 2013	Nov. 05, 2013 Interest-bearing Deposits [Member]	Dec. 31, 2013 Common Stock [Member]	Dec. 31, 2013 IPO [Member]	Dec. 31, 2013 Private Placement [Member]	Dec. 31, 2013 Over-Allotment Option [Member]
Organization, Plan of Business Operations and Liquidity [Line Items]
Proceeds from Issuance Initial Public Offering			$ 80,779,839
Proceeds from Issuance of Private Placement					5,425,000
Price Per Public Share, Held in Trust				$ 10.20
Proceeds from Stock Options Exercised						12,600,000
Assets Held-in-trust, Total		98,491,750
Maximum Maturity Of Securities Held In Trust Account	180 days
Maximum Percentage Of Common Stock Converted To Effect Business Combination	94.90%
Net Intangible Assets Required To Initiate Business Combination	5,000,001
Maximum Percentage Of Common Stock Converted By One Shareholder	20.00%
Percentage Of Common Stock Which May Be Redeemed By Public Stockholders	100.00%
Sale of Stock, Number Of Stock Units Sold				8,400,000	542,500
Sale Of Stock, Price Per Unit				10.00	10.00
Interest Income Which May Be Withdrawn From Trust Account	750,000
Gross Proceeds From Issuance Initial Public Offering				84,000,000
Payments of Stock Issuance Costs	$ 3,220,161
Sale Of Stock Number Of Stock Additional Units Sold					65,625

Condensed Statement of Cash Flows (USD $)	3 Months Ended	6 Months Ended
Condensed Statement of Cash Flows (USD $)	Jun. 30, 2013	Jun. 30, 2014
Operating Activities
Net loss	$ (563)	$ (648,962)
Adjustments to reconcile net loss to net cash used in operating activities:
Interest earned on funds held in trust	0	(35,295)
Change in operating assets and liabilities:
Accounts payable	563	216,447
Prepaid assets	0	17,593
Net cash used in operating activities	0	(450,217)
Investing Activities
Interest released from trust funds	0	41,335
Investment in restricted cash and cash equivalents	0	0
Net cash provided by investing activities	0	41,335
Financing Activities
Proceeds from sale of common stock to initial stockholders	25,000	0
Proceeds from note payable to shareholder	65,000	0
Deferred costs associated with public offering	(12,500)	0
Net cash provided by financing activities	77,500	0
Net increase (decrease) in cash and cash equivalents	77,500	(408,882)
Cash and cash equivalents, Beginning	0	485,007
Cash and cash equivalents, Ending	77,500	76,125
Non-cash Financing Activities
Accrual of deferred offering costs	$ 40,000	$ 0

Condensed Balance Sheets (USD $)	Jun. 30, 2014	Dec. 31, 2013
Current assets:
Current assets - cash	$ 76,125	$ 485,007
Prepaid assets - short term	41,000	46,333
Total current assets	117,125	531,340
Cash and cash equivalents held in trust	98,497,018	98,503,058
Prepaid insurance - long term	8,356	20,616
Total assets	98,622,499	99,055,014
Current liabilities:
Accounts payable	236,588	20,141
Total liabilities	236,588	20,141
Commitments
Common Stock, subject to possible conversion (9,169,603 shares at conversion value)	93,491,744	93,491,744
Stockholders’ equity
Preferred stock, $.0001 par value, 1,000,000 authorized, 0 outstanding	0	0
Common stock, $.0001 par value, 15,000,000 authorized, 3,513,522 issued and outstanding (excluding 9,169,603 shares subject to possible conversion)	351	351
Additional paid-in capital	5,608,396	5,608,396
Accumulated deficit	(714,580)	(65,618)
Total stockholders’ equity	4,894,167	5,543,129
Total liabilities and stockholders’ equity	$ 98,622,499	$ 99,055,014