INVESTMENT IN TRUST ACCOUNT (Tables)
6 Months Ended
Jun. 30, 2012
Investments, Debt and Equity Securities [Abstract]  
Held-to-maturity Securities [Table Text Block]

The carrying amount, gross unrealized holding gains and fair value of held-to-maturity securities at June 30, 2012 and December 31, 2011 are as follows:

 

    Carrying
Amount
    Gross
Unrealized
Holding
Gains
    Fair Value  
Held-to-maturity:                        
  U.S. Treasury Securities – June 30, 2012   $ 80,020,393     $ 1,507     $ 80,021,900  
  U.S. Treasury Securities – December 31, 2011     80,037,237       4,460       80,041,697