Quarterly report pursuant to sections 13 or 15(d)

INCOME TAXES (Details)

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INCOME TAXES (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Deferred tax assets:          
Net operating loss carryforwards $ 494,000   $ 494,000   $ 266,000
Non-deductible start-up costs 530,000   530,000   530,000
Total deferred tax assets 1,024,000   1,024,000   796,000
Total deferred tax assets 471,000   471,000   366,000
Less: Valuation Allowance (471,000)   (471,000)   (366,000)
Net Deferred Tax Assets             
Reconciliation between the statutory rate and the effective tax rate:          
Federal statutory tax rate (35.00%) (35.00%) (35.00%) (35.00%)  
State and city tax rate (11.00%) (11.00%) (11.00%) (11.00%)  
Change in valuation allowance 46.00% 46.00% 46.00% 46.00%  
Effective tax rate 0.00% 0.00% 0.00% 0.00%