|
INTERIM STATEMENTS OF OPERATIONS (USD $)
|
3 Months Ended | 27 Months Ended | |
|---|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
Mar. 31, 2013
|
|
| Revenue | $ 0 | $ 0 | $ 0 |
| Expenses: | |||
| Due Diligence/Transaction Costs | (494,262) | (97,584) | (1,754,676) |
| Stock Compensation | (1,200,000) | 0 | (1,200,000) |
| General and Administrative | (233,286) | (140,639) | (1,235,042) |
| Loss from Operations | (1,927,548) | (238,223) | (4,189,718) |
| Change in Fair Value of Warrant Liability | (1,440,000) | 600,000 | (240,000) |
| Interest Income | 9,993 | 7,363 | 101,556 |
| Net Income (Loss) Attributable to Common Stockholders | $ (3,357,555) | $ 369,140 | $ (4,328,162) |
| Weighted Average Number of Common Shares Outstanding, excludes shares subject to possible redemption - basic and diluted (in shares) | 2,789,077 | 2,524,027 | 2,428,382 |
| Basic and Diluted Net Income (Loss) per common share, excludes shares subject to possible redemption - basic and diluted (in dollars per share) | $ (1.20) | $ 0.15 | $ (1.78) |