v2.4.0.6
Unaudited Statements of Cash Flows (USD $)
 6 Months Ended 26 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Cash Flows from Operating Activities      
Net loss $ (434,050) $ (119,735) $ (1,270,459)
Adjustments to reconcile net loss to net cash used in operating activities:      
(Increase) decrease in prepaid expenses (6,871) 37,227 (24,761)
(Decrease) increase in accounts payable (106,596) (34,886) 224,420
Increase in due to related party 124,763 59,591 345,108
Net cash used in operating activities (422,754) (57,803) (725,692)
Cash Flows from Investing Activities      
Cash withdrawn from (placed in) trust    14,083 (46,165,000)
Net cash provided by (used in) investing activities    14,083 (46,165,000)
Cash Flows from Financing Activities      
Proceeds from sale of sponsor's ordinary shares       25,000
Proceeds from sale of warrants in private placement       2,170,000
Proceeds from initial public offering       46,000,000
Payment of underwriters discount and offering costs       (1,625,494)
Repurchase of sponsor's ordinary shares       (1)
Proceeds from sale of underwriter's option       100
Proceeds from note due to related party 336,148    336,148
Net cash provided by financing activities 336,148    46,905,753
Net (decrease) increase in cash (86,606) (43,720) 15,061
Cash at beginning of period 101,667 207,805   
Cash at end of period 15,061 164,085 15,061
Supplemental Cash Flow Disclosures      
Offering costs paid for by a related party on behalf of the Company       133,303
Formation costs paid for by a related party on behalf of the Company $ 79,763 $ 14,591 $ 229,612