Annual report pursuant to Section 13 and 15(d)

Balance Sheet

v2.4.0.6
Balance Sheet (USD $)
Dec. 31, 2011
Current assets:  
Cash $ 446,281
Prepaid insurance 31,712
Total current assets 477,993
Non-current assets:  
Investments held in trust 189,634,541
Total assets 190,112,534
Current liabilities:  
Franchise tax payable 113,222
Accrued operating expenses and accounts payable 73,567
Total current liabilities 186,789
Deferred underwriter compensation 6,647,375
Total liabilities 6,834,164
Commitment and contingencies:   
Common stock subject to possible redemption: 17,856,407 shares (at redemption value) 178,278,367
Stockholders' equity:  
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding   
Common stock, $0.0001 par value; 400,000,000 shares authorized; 23,161,585 shares issued and outstanding at December 31, 2011 2,316
Additional paid-in capital 5,779,006
Deficit accumulated during the development stage (781,319)
Total stockholders' equity, net 5,000,003
Total liabilities and stockholders' equity $ 190,112,534