Quarterly report pursuant to sections 13 or 15(d)

Condensed Statement of Shareholders' Equity

v2.3.0.15
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 $4,070,860 5,000 45,924,140 0 45,929,140
Proceeds from initial public offering net of offering costs and underwriter discounts of $4,070,860 (in shares) 5,000,000      
Proceeds from sale of warrants in private placement 0 2,975,000 0 2,975,000
Proceeds subject to maximum conversion of 4,367,578 shares (4,368) (43,889,791) 0 (43,894,159)
Decrease in 25,415 shares subject to possible conversion at September 30, 2011 25 255,396 0 255,421
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 (286,892) (286,892)
Balance at Sep. 30, 2011 $ 1,906 $ 5,308,396 $ (310,301) $ 5,000,001
Balance (in shares) at Sep. 30, 2011 6,250,000