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Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current assets    
Cash and cash equivalents $ 276,509 $ 815,026
Investments held in Trust Account 40,421,824 40,404,326
Prepaid expenses 56,348 84,187
Total assets 40,754,681 41,303,539
Current liabilities    
Accrued expenses 104,024 198,300
Franchise taxes payable 82,526 18,735
Total current liabilities 186,550 217,035
Deferred underwriting compensation 331,300 331,300
Deferred legal fees relating to the offering 100,000 100,000
Due to Sponsor 0 260,000
Total liabilities 617,850 908,335
Common stock subject to possible redemption, 3,480,000 shares (at redemption value) 35,148,000 35,148,000
Common stock, $.0001 par value, 100,000,000 shares authorized; 5,000,000 shares issued and outstanding at June 30, 2011 and 5,150,000 shares issued and outstanding at December 31, 2010 (includes 3,480,000 shares subject to possible redemption) 500 515
Additional paid-in capital 5,404,734 5,404,719
Deficit accumulated during development stage (416,403) (158,030)
Total stockholders' equity 4,988,831 5,247,204
Total liabilities and stockholders' equity $ 40,754,681 $ 41,303,539