2.4.0.8116 - Disclosure - Offering Costs and Formation Transaction Expensestruefalsefalse1false falsefalseeol_PE23655---1310-Q0008_STD_181_20130630_0http://www.sec.gov/CIK0000032776duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_TextBlockAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Text Block [Abstract]2false 2esba_OfferingCostsAndFormationTransactionExpensesTextBlockesba_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div> Note H Offering Costs and Formation Transaction Expenses In connection with the Consolidation and IPO the Registrant has incurred or will incur incremental accounting fees, legal fees and other professional fees. Such costs will be deferred and recorded as a reduction of proceeds of the Consolidation and IPO, or expensed if the Consolidation and IPO is not consummated. Certain costs associated with the Consolidation and IPO not directly attributable to the solicitation of consents and the IPO, but rather related to structuring the formation transaction, are expensed as incurred. Through June 30, 2013, Registrant has incurred and capitalized external offering costs of $13,609,564, of which the Registrant has incurred $1,206,390 and $3,313,116 for the six months months ended June 30, 2013 and 2012, respectively. A total of $1,120,963 and $1,399,448 of these costs are in Due to Supervisor at June 30, 2013 and December 31, 2012, respectively. Additional offering costs for work done by employees of the Supervisor of $151,238 and $466,059 for the three and six months ended June 30, 2013, respectively, and $124,086 and $320,066 for the three and six months ended June 30, 2012, respectively, were incurred and advanced by the Supervisor and have been or will be reimbursed to the Supervisor by the Registrant. Correction of an Immaterial Error in the Financial Statements The Registrant’s prior period financial results have been adjusted to reflect an immaterial correction which has no impact to the net change in cash reported on the statement of cash flows. During fiscal year 2012, the Registrant determined that certain costs related to the structuring of the consolidation transaction that were previously included in deferred offering costs should have been expensed in the periods incurred. The correction impacted the 2012, 2011 and 2010 periods and had accumulated to an amount of $2,147,898 as of June 30, 2012. Adhering to applicable guidance for accounting changes and error corrections, the Registrant concluded that the error was not material to any of the prior period financial statements. The correction resulted in immaterial changes to deferred costs and formation transaction expenses for the years ended December 31, 2011 and 2010, and for interim periods within those years and within 2012.   The Registrant applied the guidance for accounting changes and error corrections and revised the prior period financial statements presented. The following table presents the effect this correction had on our prior period reported financial statements. Additionally, financial information included elsewhere in this Form 10-Q that is impacted by the adjustment have been revised, as applicable.   <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="84%" align="center"> <tr> <td width="62%"></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="14" align="center">For the six months ended June 30, 2012</td> <td valign="bottom"> </td> </tr> <tr> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="6" align="center">As reported</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">Adjustment</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center">As adjusted</td> <td valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> Formation transaction expenses </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right"> </td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">—  </td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">330,604</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">330,604</td> <td valign="bottom" nowrap="nowrap">  </td> </tr> <tr> <td valign="top"> Net loss </td> <td valign="bottom">  </td> <td valign="bottom" align="right"> </td> <td valign="bottom" colspan="5" align="right">(4,060,172)</td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(330,604</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(4,390,776</td> <td valign="bottom" nowrap="nowrap">) </td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> Net cash provided by operating activities </td> <td valign="bottom">  </td> <td valign="bottom" align="right"> </td> <td valign="bottom" colspan="5" align="right">26,598,243</td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(330,604</td> <td valign="bottom" nowrap="nowrap">) </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">26,267,639</td> <td valign="bottom" nowrap="nowrap">  </td> </tr> <tr> <td valign="top"> Net cash provided by financing activities </td> <td valign="bottom">  </td> <td valign="bottom" align="right"> </td> <td valign="bottom" colspan="5" align="right">5,997,952</td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">330,604</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">6,328,556</td> <td valign="bottom" nowrap="nowrap">  </td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> Net change in cash and cash equivalents </td> <td valign="bottom">  </td> <td valign="bottom" align="right"> </td> <td valign="bottom" colspan="5" align="right">(15,808,504)</td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">—  </td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(15,808,504</td> <td valign="bottom" nowrap="nowrap">) </td> </tr> </table> </div>falsefalsefalsenonnum:textBlockItemTypenaOffering Costs And Formation Transaction Expenses [Text Block]No definition available.false0Offering Costs and Formation Transaction ExpensesfalseOffering Costs and Formation Transaction ExpensesUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://esbnyc.com/taxonomy/role/NotesToFinancialStatementsOfferingCostsAndFormationTransactionExpensesTextBlock12