Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2012
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Components of the Company’s deferred tax assets at December 31, 2012 are as follows:

 

Net operating loss carryforwards   $ 117,000  
Amortizable start-up costs     2,630,000  
      2,747,000  
Valuation allowance     (2,747,000 )
         
    $ —  

 

Components of the Company’s deferred tax assets at December 31, 2011 are as follows:

 

Net operating loss carryforwards   $ 45,000  
Amortizable start-up costs     267,000  
      312,000  
Valuation allowance     (312,000 )
         
    $ —