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BALANCE SHEETS (USD $)
Dec. 31, 2012
Dec. 31, 2011
ASSETS    
Cash $ 5,036 $ 156,483
Interest Receivable 1,782 129
Prepaid Expenses 4,957 38,540
Total Current Assets 11,775 195,152
Investment held in trust 20,600,086 20,600,000
Due from underwriters 3,554 3,554
Total Assets 20,615,415 20,798,706
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable and accrued expenses 312,405 165,079
Deferred underwriting compensation of which up to $300,000 may be paid to redeeming shareholders 400,000 400,000
Deferred legal fees related to the offering 100,000 100,000
Total Current Liabilities 812,405 665,079
Warrant liability 2,253,333 0
Total Liabilities 3,065,738 665,079
Common stock subject to possible redemption, 1,500,000 shares (at redemption value) 15,150,000 15,150,000
Stockholders' equity    
Preferred stock, $.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $.0001 par value; 30,000,000 shares authorized; 2,500,000 shares (including up to 1,500,000 shares subject to possible redemption) issued and outstanding 250 250
Additional paid-in-capital 5,098,941 5,098,941
Deficit accumulated during development stage (2,699,514) (115,564)
Total stockholders' equity 2,399,677 4,983,627
Total liabilities and stockholders' equity $ 20,615,415 $ 20,798,706