Quarterly report pursuant to sections 13 or 15(d)

Condensed Statement of Shareholders' Equity

v2.4.0.6
Condensed Statement of Shareholders' Equity (USD $)
Common Stock [Member]
Additional Paid-in Capital [Member]
Deficit Accumulated During The Development Stage [Member]
Total
Ordinary shares issued at inception at Jan. 17, 2010 $ 1,955 $ 23,045 $ 0 $ 25,000
Ordinary shares issued at inception (in shares) at Jan. 17, 2010 1,955,000      
Interest on shareholder loan 0 19,900 0 19,900
Net loss 0 0 (23,409) (23,409)
Balance at Dec. 31, 2010 1,955 42,945 (23,409) 21,491
Balance (in shares) at Dec. 31, 2010 1,955,000      
Forfeiture of Initial Shareholders' shares (518) 518 0 0
Forfeiture of Initial Shareholders' shares (in shares) (517,500)      
Proceeds from initial public offering net of offering costs and underwriter discounts of $4,073,359 5,000 44,233,974 0 44,238,974
Proceeds from initial public offering net of offering costs and underwriter discounts of $4,073,359 (in shares) 5,000,000      
Proceeds subject to maximum conversion of 3,904,037 shares (3,902) (39,231,668) 0 (39,235,570)
Decrease in shares subject to possible conversion 11 107,321 0 107,332
Forfeiture of 187,500 Initial Shareholders' shares due to expiration of underwriters' over-allotment option (188) 188 0 0
Forfeiture of 187,500 Initial Shareholders' shares due to expiration of underwriters' over-allotment option (in shares) (187,500)      
Net loss 0 0 (132,226) (132,226)
Balance at Dec. 31, 2011 2,359 5,153,277 (155,635) 5,000,001
Balance (in shares) at Dec. 31, 2011 6,250,000      
Decrease in shares subject to possible conversion 57 575,169 0 575,226
Net loss 0 0 (575,226) (575,226)
Balance at Mar. 31, 2012 $ 2,416 $ 5,728,446 $ (730,861) $ 5,000,001
Balance (in shares) at Mar. 31, 2012 6,250,000