2016 Q4 Form 10-Q Financial Statement
#000114420416133410 Filed on November 10, 2016
Income Statement
Concept | 2016 Q4 | 2016 Q3 | 2015 Q4 |
---|---|---|---|
Revenue | $27.04M | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | $4.909M | $6.344M | $4.705M |
YoY Change | 4.34% | ||
Gross Profit | $22.13M | -$6.344M | -$4.705M |
YoY Change | -570.35% | ||
Gross Profit Margin | 81.84% | ||
Selling, General & Admin | $14.61M | ||
YoY Change | |||
% of Gross Profit | 66.02% | ||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $7.170M | ||
YoY Change | |||
% of Gross Profit | 32.4% | ||
Operating Expenses | $21.77M | $522.8K | $724.5K |
YoY Change | 2904.73% | -26.98% | 425.09% |
Operating Profit | $360.0K | -$522.8K | -$5.430M |
YoY Change | -106.63% | -26.98% | |
Interest Expense | -$14.29M | $40.00K | $0.00 |
YoY Change | |||
% of Operating Profit | -3969.44% | ||
Other Income/Expense, Net | $1.220M | ||
YoY Change | |||
Pretax Income | -$22.33M | -$480.0K | -$730.0K |
YoY Change | 2958.9% | -33.33% | 421.43% |
Income Tax | $50.00K | ||
% Of Pretax Income | |||
Net Earnings | -$22.38M | -$478.9K | -$728.5K |
YoY Change | 2971.96% | -33.55% | 427.99% |
Net Earnings / Revenue | -82.77% | ||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$1.792M | -$151.9K | -$248.3K |
COMMON SHARES | |||
Basic Shares Outstanding | 6.585M shares | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2016 Q4 | 2016 Q3 | 2015 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $30.90M | $200.0K | $300.0K |
YoY Change | 10200.0% | -50.0% | -72.73% |
Cash & Equivalents | $200.0K | $256.2K | |
Short-Term Investments | |||
Other Short-Term Assets | $7.700M | $0.00 | $100.0K |
YoY Change | 7600.0% | -100.0% | -50.0% |
Inventory | $6.800M | ||
Prepaid Expenses | $62.59K | ||
Receivables | $26.00M | ||
Other Receivables | $100.0K | ||
Total Short-Term Assets | $71.50M | $200.0K | $318.8K |
YoY Change | 22325.88% | -60.0% | -75.24% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $44.30M | ||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.100M | $80.00M | $80.00M |
YoY Change | -98.63% | 0.0% | 0.0% |
Total Long-Term Assets | $138.1M | $80.10M | $80.01M |
YoY Change | 72.6% | 0.13% | 0.0% |
TOTAL ASSETS | |||
Total Short-Term Assets | $71.50M | $200.0K | $318.8K |
Total Long-Term Assets | $138.1M | $80.10M | $80.01M |
Total Assets | $209.6M | $80.30M | $80.33M |
YoY Change | 160.92% | -0.25% | -1.19% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $11.10M | $3.800M | $2.600M |
YoY Change | 326.92% | 80.95% | 2500.0% |
Accrued Expenses | $16.20M | ||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $200.0K | $0.00 |
YoY Change | |||
Long-Term Debt Due | $17.20M | ||
YoY Change | |||
Total Short-Term Liabilities | $60.60M | $4.478M | $2.646M |
YoY Change | 2190.39% | 112.9% | 2983.94% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $100.8M | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $32.00M | $2.800M | $2.800M |
YoY Change | 1042.86% | 0.0% | 0.0% |
Total Long-Term Liabilities | $132.8M | $2.800M | $2.800M |
YoY Change | 4642.86% | 0.0% | 0.0% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $60.60M | $4.478M | $2.646M |
Total Long-Term Liabilities | $132.8M | $2.800M | $2.800M |
Total Liabilities | $193.4M | $7.278M | $5.446M |
YoY Change | 3451.34% | 48.53% | 88.71% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$5.569M | -$3.668M | |
YoY Change | 89.49% | 2491.51% | |
Common Stock | $320.00 | $301.00 | |
YoY Change | 8.84% | 13.16% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $16.10M | $5.000M | $5.000M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $209.6M | $80.26M | $80.33M |
YoY Change | 160.92% | -0.32% | -1.19% |
Cashflow Statement
Concept | 2016 Q4 | 2016 Q3 | 2015 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$22.38M | -$478.9K | -$728.5K |
YoY Change | 2971.96% | -33.55% | 427.99% |
Depreciation, Depletion And Amortization | $7.170M | ||
YoY Change | |||
Cash From Operating Activities | -$8.070M | -$250.0K | -$150.0K |
YoY Change | 5280.0% | 525.0% | 7.14% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$7.630M | ||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $50.00K | $0.00 | |
YoY Change | -100.0% | ||
Cash From Investing Activities | -$7.730M | $50.00K | $0.00 |
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 44.99M | 200.0K | 0.000 |
YoY Change | -100.0% | ||
NET CHANGE | |||
Cash From Operating Activities | -8.070M | -250.0K | -150.0K |
Cash From Investing Activities | -7.730M | 50.00K | 0.000 |
Cash From Financing Activities | 44.99M | 200.0K | 0.000 |
Net Change In Cash | 29.19M | -0.00000000008731 | -150.0K |
YoY Change | -19560.0% | -100.0% | -114.02% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$8.070M | -$250.0K | -$150.0K |
Capital Expenditures | -$7.630M | ||
Free Cash Flow | -$440.0K | ||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2016Q3 | hdrau |
Minimum Value Of Net Tangible Assets Shares Redeemed
MinimumValueOfNetTangibleAssetsSharesRedeemed
|
5000001 | USD |
CY2015Q4 | us-gaap |
Assets Held In Trust Current
AssetsHeldInTrustCurrent
|
80009479 | USD |
CY2016Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
4477991 | USD |
CY2015Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2645838 | USD |
CY2016Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
2800000 | USD |
CY2015Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
2800000 | USD |
CY2016Q3 | us-gaap |
Liabilities
Liabilities
|
7277991 | USD |
CY2016Q3 | us-gaap |
Assets Held In Trust Current
AssetsHeldInTrustCurrent
|
80017988 | USD |
CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
5445838 | USD |
CY2016Q3 | us-gaap |
Temporary Equity Value Excluding Additional Paid In Capital
TemporaryEquityValueExcludingAdditionalPaidInCapital
|
67982254 | USD |
CY2015Q4 | us-gaap |
Temporary Equity Value Excluding Additional Paid In Capital
TemporaryEquityValueExcludingAdditionalPaidInCapital
|
69883968 | USD |
CY2016Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2015Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2016Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
320 | USD |
CY2015Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
301 | USD |
CY2016Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
10569130 | USD |
CY2015Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
8667435 | USD |
CY2016Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-5569449 | USD |
CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-3667735 | USD |
CY2016Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5000001 | USD |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5000001 | USD |
CY2016Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
80260246 | USD |
CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
80329807 | USD |
CY2016Q3 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
500000 | USD |
CY2015Q4 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
0 | USD |
CY2016Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
522752 | USD |
CY2015Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
715863 | USD |
CY2016Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-522752 | USD |
CY2015Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-715863 | USD |
CY2016Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
48213 | USD |
CY2015Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
1372 | USD |
CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-478933 | USD |
CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-720771 | USD |
CY2016Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
3156561 | shares |
CY2015Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
2868313 | shares |
CY2016Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.15 | |
CY2015Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.25 | |
CY2016Q3 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
-4394 | USD |
CY2015Q3 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
-6280 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2805920 | USD | |
us-gaap |
Operating Expenses
OperatingExpenses
|
2805920 | USD | |
us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
6473 | USD | |
us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
-6280 | USD | |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
14520 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-2797680 | USD | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
2735736 | shares | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-1.02 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-38839 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-1350 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
2017658 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-717421 | USD | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
109 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-717530 | USD | |
CY2015Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
405748 | USD |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
8020 | USD | |
hdrau |
Payment Of Offering Costs And Operational Costs Pursuant To Related Party Advances
PaymentOfOfferingCostsAndOperationalCostsPursuantToRelatedPartyAdvances
|
44 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-69491 | USD | |
CY2014Q4 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
250000 | USD |
CY2016Q3 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
500000 | USD |
us-gaap |
Proceeds From Decommissioning Fund
ProceedsFromDecommissioningFund
|
104498 | USD | |
us-gaap |
Proceeds From Decommissioning Fund
ProceedsFromDecommissioningFund
|
0 | USD | |
CY2016Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
104498 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
0 | USD | |
CY2014Q4 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
80000000 | USD |
CY2014Q4 | us-gaap |
Share Price
SharePrice
|
10.00 | |
CY2014Q4 | hdrau |
Cash Available For Fund Operations
CashAvailableForFundOperations
|
1326704 | USD |
CY2016Q3 | us-gaap |
Share Price
SharePrice
|
10.00 | |
CY2016Q3 | hdrau |
Working Capital
WorkingCapital
|
4235883 | USD |
us-gaap |
Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
|
18000 | USD | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
800000 | shares | |
CY2016Q3 | us-gaap |
Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
|
1300000 | USD |
CY2016Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2016Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
29000000 | shares |
CY2016Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2016Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
3203303 | shares |
CY2016Q3 | hdrau |
Common Stock Redemption Shares
CommonStockRedemptionShares
|
6796697 | shares |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2016-09-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2016 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
Hydra Industries Acquisition Corp. | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001615063 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | ||
dei |
Trading Symbol
TradingSymbol
|
HDRAU | ||
CY2016Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
6584608 | shares |
CY2016Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2015Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2015Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2015Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2016Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2016Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2015Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
29000000 | shares |
CY2016Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
3203303 | shares |
CY2015Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
3012432 | shares |
CY2015Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
3012432 | shares |
CY2015Q4 | hdrau |
Common Stock Redemption Shares
CommonStockRedemptionShares
|
6987568 | shares |
hdrau |
Common Stock Subject To Redemption Shares
CommonStockSubjectToRedemptionShares
|
6796697 | shares | |
hdrau |
Common Stock Subject To Redemption Shares
CommonStockSubjectToRedemptionShares
|
7060059 | shares | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
200000 | USD | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
0 | USD | |
CY2016Q3 | hdrau |
Minimum Fair Market Value Of Target Business As Percentage Of Assets Held In Trust
MinimumFairMarketValueOfTargetBusinessAsPercentageOfAssetsHeldInTrust
|
0.8 | pure |
hdrau |
Liquidation Condition
LiquidationCondition
|
If the Company is unable to complete a Business Combination within 24 months from the closing of the Initial Public Offering (the Combination Period), the Company will (i) cease all operations except for the purposes of winding up its affairs; (ii) distribute the aggregate amount then on deposit in the Trust Account, including a portion of the interest earned thereon (net of any taxes payable, and less up to $50,000 of interest to pay dissolution expenses), pro rata to the Companys public stockholders by way of redemption of the Companys public shares (which redemption would completely extinguish such holders rights as stockholders, including the right to receive further liquidation distributions, if any); and (iii) as promptly as possible following such redemption, dissolve and liquidate the balance of the Companys net assets to its remaining stockholders, as part of the Companys plan of dissolution and liquidation. | ||
CY2016Q1 | us-gaap |
Line Of Credit Facility Capacity Available For Specific Purpose Other Than For Trade Purchases
LineOfCreditFacilityCapacityAvailableForSpecificPurposeOtherThanForTradePurchases
|
250000 | USD |
CY2016Q3 | us-gaap |
Line Of Credit Facility Capacity Available For Specific Purpose Other Than For Trade Purchases
LineOfCreditFacilityCapacityAvailableForSpecificPurposeOtherThanForTradePurchases
|
100000 | USD |
CY2016Q1 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
700000 | USD |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>Use of estimates</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future events. Accordingly, the actual results could differ significantly from those estimates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>Concentration of credit risk</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Financial instruments that potentially subject the Company to concentration of credit risk consist of cash accounts in a financial institution which, at times may exceed the Federal depository insurance coverage of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">250,000</font>. At September 30, 2016, the Company had not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
CY2016Q3 | us-gaap |
Loss Contingency Range Of Possible Loss Portion Not Accrued
LossContingencyRangeOfPossibleLossPortionNotAccrued
|
973000 | USD |
CY2016Q3 | hdrau |
Transaction Fees
TransactionFees
|
650000 | USD |
CY2016Q3 | hdrau |
Promissory Notes Payable Related Party Current
PromissoryNotesPayableRelatedPartyCurrent
|
200000 | USD |
CY2015Q4 | hdrau |
Promissory Notes Payable Related Party Current
PromissoryNotesPayableRelatedPartyCurrent
|
0 | USD |