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INTERIM STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended 15 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Cash Flows from Operating Activities      
Net Income $ 369,140   $ 606,635
Adjustments to reconcile net income to net cash used in operating activities:      
Change in fair value of warrant liability (600,000)   (1,200,000)
Changes in operating assets and liabilities:      
Increase in accrued interest income (7,363)   (45,339)
(Increase) decrease in prepaid expenses 13,877   (4,746)
Increase in accrued expenses 98,572   274,857
Net cash used in operating activities (125,774)   (368,593)
Cash Flows from Investing Activities      
Investments held in Trust Account     (80,000,000)
Cash Flows from Financing Activities      
Proceeds from public offering, net of underwriting discount     78,000,000
Proceeds from issuance of warrants     3,000,000
Proceeds from notes payable, stockholder   175,000 175,000
Proceeds from issuance of stock to initial investor   25,000 25,000
Payment of note payable, stockholder     (175,000)
Payment of offering costs   (116,676) (433,808)
Net cash provided by financing activities   83,324 80,591,192
Net increase (decrease) in cash (125,774) 83,324 222,599
Cash at beginning of the period 348,373    
Cash at end of the period 222,599 83,324 222,599
Supplemental disclosure of non-cash financing activities:      
Deferred underwriter's fee     2,000,000
Adjustment for warrant liability in connection with the public offering     $ 4,200,000