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 74 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
REVENUE         
OPERATING EXPENSES:      
General and administrative expenses and taxes 56,000 11,000 448,000
LOSS FROM OPERATIONS (56,000) (11,000) (448,000)
OTHER INCOME (EXPENSE)      
Interest income - Trust 1,000   1,000
Interest expense - related party   (1,000) (11,000)
Total other income (expense) 1,000 (1,000) (10,000)
NET LOSS $ (55,000) $ (12,000) $ (458,000)
BASIC AND DILUTED NET LOSS PER SHARE $ 0.00 $ 0.00 $ (0.05)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED 12,500,000 8,698,000 8,496,000