Quarterly report pursuant to sections 13 or 15(d)

CONDENSED BALANCE SHEETS

v2.4.0.6
CONDENSED BALANCE SHEETS (USD $)
Mar. 31, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash      
Prepaid expenses 22,000 22,000
Total current assets 22,000 22,000
OTHER ASSETS:    
Investment held in Trust Account 28,786,000 28,780,000
TOTAL ASSETS 28,808,000 28,802,000
CURRENT LIABILITIES:    
Accounts payable    3,000
Accrued liabilities 228,000 225,000
Accrued franchise taxes 311,000 266,000
Related party advances 681,000 614,000
Note payable - related party 120,000 120,000
Total current liabilities 1,340,000 1,228,000
TOTAL LIABILITIES 1,340,000 1,228,000
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 March 31, 2013 and December 31, 2012, respectively 1,000 1,000
Additional paid-in capital 28,369,000 28,369,000
Deficit accumulated during the development stage (902,000) (796,000)
TOTAL STOCKHOLDERS' EQUITY 27,468,000 27,574,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 28,808,000 $ 28,802,000