|
INTERIM BALANCE SHEET (USD $)
|
Jun. 30, 2011
|
|---|---|
| Current Assets: | |
| Cash | $ 492,882 |
| Prepaid Expense | 62,063 |
| Total Current Assets | 554,945 |
| Noncurrent Assets: | |
| Investments Held in Trust | 80,012,102 |
| Total Assets | 80,567,047 |
| Current Liabilities: | |
| Accrued Expenses | 87,042 |
| Other Liabilities: | |
| Warrant Liability | 4,200,000 |
| Deferred Underwriter's Fee | 2,000,000 |
| Total Liabilities | 6,287,042 |
| Commitments and Contingencies | |
| Common Stock, subject to possible redemption: 6,928,000 shares (at redemption value) | 69,280,004 |
| Stockholders' Equity | |
| Common Stock, $.0001 par value, 250,000,000 shares authorized; 2,595,810 shares issued and outstanding (excluding 6,928,000 subject to possible redemption) | 260 |
| Additional Paid-in Capital | 4,999,741 |
| Total Stockholders' Equity | 5,000,001 |
| Total Liabilities and Stockholders' Equity | $ 80,567,047 |