Quarterly report pursuant to sections 13 or 15(d)

Condensed Statement of Operations

v2.4.0.6
Condensed Statement of Operations (USD $)
3 Months Ended 6 Months Ended 29 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Formation and operating costs $ (186,669) $ (76,315) $ (317,351) $ (84,946) $ (638,674)
Gain (Loss) on change in fair value of warrant liability 358,667 0 (89,667) 0 89,667
Interest income 4,888 0 8,248 0 13,825
Interest expense 0 (4,421) 0 (7,738) (19,900)
Foreign exchange and other expense (1,154) 0 (725) 0 (47)
Net income (loss) $ 175,732 $ (80,736) $ (399,495) $ (92,684) $ (555,130)
Weighted average shares outstanding (in shares) 6,250,000 3,204,670 6,250,000 2,548,444  
Basic and diluted net income (loss) per share (in dollars per share) $ 0.03 $ (0.03) $ (0.06) $ (0.04)