Annual report pursuant to section 13 and 15(d)

Statement of Shareholders' Equity

v2.4.0.6
Statement of Shareholders' Equity (USD $)
Common Stock [Member]
Additional Paid-in Capital [Member]
Deficit Accumulated During The Development Stage [Member]
Total
Balance at Jan. 17, 2010        
Ordinary shares issued at inception $ 1,955 $ 23,045 $ 0 $ 25,000
Ordinary shares issued at inception (in shares) 1,955,000      
Interest on shareholder loan 0 19,900 0 19,900
Net income (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 of 10,680 shares subject to possible conversion at December 31, 2011 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 income (loss) 0 0 (132,226) (132,226)
Balance at Dec. 31, 2011 2,358 5,153,278 (155,635) 5,000,001
Balance (in shares) at Dec. 31, 2011 6,250,000      
Increase of 122,875 shares subject to possible conversion at December 31, 2012 (125) (1,234,770) 0 (1,234,895)
Net income (loss) 0 0 1,234,895 1,234,895
Balance at Dec. 31, 2012 $ 2,233 $ 3,918,508 $ 1,079,260 $ 5,000,001
Balance (in shares) at Dec. 31, 2012 6,250,000