Annual report pursuant to section 13 and 15(d)

BALANCE SHEETS

v2.4.0.6
BALANCE SHEETS (USD $)
Dec. 31, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash      
Prepaid expenses 22,000 22,000
Total current assets 22,000 22,000
OTHER ASSETS:    
Investment held in Trust Account 28,780,000 28,750,000
TOTAL ASSETS 28,802,000 28,772,000
CURRENT LIABILITIES:    
Accounts payable 3,000 54,000
Accrued liabilities 225,000 200,000
Accrued franchise taxes 266,000 85,000
Related party advances 614,000 346,000
Note payable - related party 120,000 120,000
Total current liabilities 1,228,000 805,000
TOTAL LIABILITIES 1,228,000 805,000
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY:    
Preferred stock, $.0001 par value; 10,000,000 shares authorized; 0 issued and outstanding      
Common stock, $.0001 par value; 75,000,000 shares authorized; 12,500,000 shares issued and outstanding at December 31, 2012 and December 31, 2011, respectively 1,000 1,000
Additional paid-in capital 28,369,000 28,369,000
Deficit accumulated during the development stage (796,000) (403,000)
TOTAL STOCKHOLDERS' EQUITY 27,574,000 27,967,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 28,802,000 $ 28,772,000