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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest income $ 60,024 $ 60,024 $ 119,388 $ 119,388
General and Administrative 41,008 30,457 74,951 58,230
Legal and Professional Fees 15,639 750 33,255 12,386
Total Operating Expenses 56,647 31,207 108,206 70,616
Income before interest expense and taxes 3,377 28,817 11,182 48,772
Interest Expense (81,004) (17,511) (155,021) (34,830)
Income before income taxes (77,627) 11,306 (143,839) 13,942
Income Tax (Expense) benefit (10,568) (1,696) (636) (2,091)
Net income / (loss) applicable to common shareholders $ (88,195) $ 9,610 $ (144,476) $ 11,851
Earning (Loss) per share $ (0.08) $ 0.01 $ (0.14) $ 0.01
Weighted Average Shares Outstanding 1,057,628 1,057,628 1,057,628 1,057,628