Quarterly report pursuant to sections 13 or 15(d)

Condensed Statement of Operations

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Condensed Statement of Operations (USD $)
3 Months Ended 9 Months Ended 32 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Formation and operating costs $ (163,832) $ (197,215) $ (481,183) $ (282,161) $ (802,506)
Gain on change in fair value of warrant liability 2,421,000 179,333 2,331,334 179,333 2,510,666
Interest income 3,178 3,008 11,425 3,008 17,003
Interest expense 0 0 0 (7,739) (19,900)
Other expense (366) 0 (1,090) 0 (412)
Net income(loss) $ 2,259,980 $ (14,874) $ 1,860,486 $ (107,559) $ 1,704,851
Weighted average shares outstanding (in shares) 6,250,000 6,437,500 6,250,000 3,863,860  
Basic and diluted earnings (net loss) per share (in dollars per share) $ 0.36 $ 0.00 $ 0.30 $ (0.03)