Annual report pursuant to section 13 and 15(d)

Statement of Operations

v2.4.0.6
Statement of Operations (USD $)
12 Months Ended 35 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Formation and operating costs $ (1,060,390) $ (310,075) $ (1,381,713)
Gain on change in fair value of warrant liability 2,280,224 179,333 2,459,557
Interest income 16,411 5,577 21,988
Interest expense 0 (7,739) (19,900)
Other (expense) income (1,350) 678 (672)
Net income (loss) $ 1,234,895 $ (132,226) $ 1,079,260
Weighted average shares outstanding (in shares) 6,250,000 4,426,677  
Basic and diluted net income (loss) per share (in dollars per share) $ 0.20 $ (0.03)