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INTERIM BALANCE SHEETS (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current Assets:    
Cash $ 222,599 $ 348,373
Prepaid Expense 4,746 18,622
Total Current Assets 227,345 366,995
Noncurrent Assets:    
Investments Held in Trust 80,045,339 80,037,977
Total Assets 80,272,684 80,404,972
Current Liabilities:    
Accrued Expenses 274,857 176,285
Other Liabilities:    
Warrant Liability 3,000,000 3,600,000
Deferred Underwriter's Fee 2,000,000 2,000,000
Total Liabilities 5,274,857 5,776,285
Commitments and Contingencies      
Common Stock, subject to possible redemption: 6,999,783 and 6,962,869 shares (at redemption value) as of March 31, 2012 and December 31, 2011, respectively. 69,997,826 69,628,686
Stockholders' Equity    
Common Stock, $.0001 par value, 250,000,000 shares authorized; 2,524,027 and 2,560,941 shares issued and outstanding (excluding 6,999,783 and 6,962,869 subject to possible redemption) as of March 31, 2012 and 2011, respectively 252 256
Additional Paid-in Capital 4,999,749 4,999,745
Deficit Accumulated during Development Stage 0 0
Total Stockholders' Equity 5,000,001 5,000,001
Total Liabilities and Stockholders' Equity $ 80,272,684 $ 80,404,972