Quarterly report pursuant to sections 13 or 15(d)

CONDENSED STATEMENTS OF OPERATIONS

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CONDENSED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended 77 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
CONDENSED STATEMENTS OF OPERATIONS [Abstract]          
REVENUE               
OPERATING EXPENSES:          
General and administrative expenses and taxes 102,000 6,000 158,000 16,000 550,000
LOSS FROM OPERATIONS (102,000) (6,000) (158,000) (16,000)  
OTHER INCOME (EXPENSE)          
Interest income - Trust 11,000    12,000    12,000
Interest expense - related party    (1,000)    (2,000) (11,000)
Total other income (expense) 11,000 (1,000) 12,000 (2,000) 1,000
NET LOSS $ (91,000) $ (7,000) $ (146,000) $ (18,000) $ (549,000)
BASIC AND DILUTED NET LOSS PER COMMON SHARE $ (0.01) $ 0.00 $ (0.01) $ 0.00 $ (0.06)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED 12,500,000 7,544,000 12,500,000 6,830,000 8,651,000