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CONSOLIDATED BALANCE SHEET (USD $) In Thousands, unless otherwise specified | Mar. 31, 2013 | Dec. 31, 2012
--- | --- | ---
ASSETS |  |
Cash and cash equivalents | $ 20,098 | $ 18,161
Non-Agency (Cost—$12,099 and $13,490) | 12,360 | 13,596
Deferred offering costs | 439 | 360
Interest receivable | 43 | 39
Total Assets | 32,940 | 32,156
LIABILITIES |  |
Accrued expenses | 728 | 1,076
Management fee payable | 119 | 116
Total Liabilities | 847 | 1,192
SHAREHOLDERS' EQUITY |  |
Preferred shares, par value $0.01 per share, 100,000,000 shares authorized; (0 shares issued and outstanding, respectively) | 0 | 0
Common shares, par value $0.01 per share, 500,000,000 shares authorized; (1,633,378 shares issued and outstanding, respectively) | 16 | 16
Additional paid-in-capital | 32,674 | 32,674
Accumulated deficit | (597) | (1,726)
Total Shareholders' Equity | 32,093 | 30,964
Total Liabilities and Shareholders' Equity | $ 32,940 | $ 32,156

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