Quarterly report pursuant to sections 13 or 15(d)

CONDENSED BALANCE SHEETS

v2.4.0.8
CONDENSED BALANCE SHEETS (USD $)
Jun. 30, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash      
Prepaid expenses 11,000 22,000
Total current assets 11,000 22,000
OTHER ASSETS:    
Investment held in Trust Account 28,790,000 28,780,000
TOTAL ASSETS 28,801,000 28,802,000
CURRENT LIABILITIES:    
Accounts payable    3,000
Accrued liabilities 210,000 225,000
Accrued franchise taxes 356,000 266,000
Related party advances 759,000 614,000
Note payable - related party 120,000 120,000
Total current liabilities 1,445,000 1,228,000
TOTAL LIABILITIES 1,445,000 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 June 30, 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 (1,014,000) (796,000)
TOTAL STOCKHOLDERS' EQUITY 27,356,000 27,574,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 28,801,000 $ 28,802,000