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EMPLOYEE STOCK OPTIONS (Tables)

6 Months Ended

Jun. 30, 2012

EMPLOYEE STOCK OPTIONS (Tables)

Fair Value of options weighted average assumptions

The following are the weighted-average assumptions used to determine the fair value of options granted during the eight months ended December 31, 2011:

Risk free interest rate	0.97%
Expected life	6.5 years
Dividend yield	-
Volatility	32%

Stock option activity and changes

A summary of the stock option activity as of December 31, 2011, and changes during the eighth months then ended is as follows:

							Weighted-
					Weighted-		Average
					Average		Remaining		Aggregate
					Exercise		Contractual		Intrinsic
			Shares		Price		Term		Value
Outstanding, April 30, 2011			-
Granted			1,125,000		$      2.00
Outstanding, December 31, 2011			1,125,000		$      2.00		9.9 Years		$2,205,000
Exercisable, December 31, 2011			-

Status of Stock Options

A summary of the status of the stock options as of June 30, 2012 is as follows:

	Options	Weighted-Average Exercise Price
Outstanding at December 31, 2011	1,125,000	$            2.00
Exercised	-	-
Outstanding at June 30, 2012	1,125,000	2.00
Exercisable at June 30, 2012	-	$                  -

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Tabular disclosure of the number of fully vested share options (or share units) and share options expected to vest at the date of the latest statement of financial position, weighted-average exercise price (or conversion ratio), aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term for both options (or share units) currently outstanding and options (or share units) exercisable (or convertible).

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