Annual report pursuant to section 13 and 15(d)

Statements of Operations

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Statements of Operations (USD $)
12 Months Ended 23 Months Ended
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2011
Formation and operating costs $ (11,248) $ (310,075) $ (321,323)
Gain on change in fair value of warrant liability 0 179,333 179,333
Interest income 0 5,577 5,577
Interest expense (12,161) (7,739) (19,900)
Other income 0 678 678
Net loss $ (23,409) $ (132,226) $ (155,635)
Weighted average shares outstanding (in shares) 1,955,000 4,426,677  
Basic and diluted net loss per share (in dollars per share) $ (0.01) $ (0.03)