Annual report pursuant to Section 13 and 15(d)

Statements of Operations

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Statements of Operations (USD $)
11 Months Ended 12 Months Ended 23 Months Ended
Dec. 31, 2011
Dec. 31, 2012
Dec. 31, 2012
Revenue $ 0 $ 0 $ 0
Transaction costs 0 5,214,155 5,214,155
General and administrative expenses 789,360 1,143,129 1,932,489
Loss from operations (789,360) (6,357,284) (7,146,644)
Other income      
Interest income 8,041 10,549 18,590
Change in fair value of warrants 4,418,725 (4,158,800) 259,925
Net Income (loss) attributable to common shares outstanding $ 3,637,406 $ (10,505,535) $ (6,868,129)
Weighted average number of common shares outstanding, basic and diluted (in shares) 6,062,998 6,598,271 6,427,068
Net loss per common share outstanding, basic and diluted (in dollars per share) $ 0.60 $ (1.59) $ (1.07)