v2.4.0.6

Statements of Operations and Comprehensive Loss (USD $)	3 Months Ended		6 Months Ended		59 Months Ended
Statements of Operations and Comprehensive Loss (USD $)	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012
Revenues	$ 0	$ 0	$ 0	$ 0	$ 0
Expenses
Reorganization costs	0	0	0	0	2,874
Professional fees	1,485	1,013	3,885	7,500	21,521
Other general and administrative expenses	467	564	1,496	1,584	8,817
Total operating expenses	1,952	1,577	5,381	9,084	33,212
Income (Loss) from operations	(1,952)	(1,577)	(5,381)	(9,084)	(33,212)
Other Income (Expense)	0	0	0	0	0
Income (Loss) before provision for income taxes	(1,952)	(1,577)	(5,381)	(9,084)	(33,212)
Provision for income taxes	0	0	0	0	0
Net Loss	(1,952)	(1,577)	(5,381)	(9,084)	(33,212)
Other Comprehensive Income	0	0	0	0	0
Comprehensive Loss	$ (1,952)	$ (1,577)	$ (5,381)	$ (9,084)	$ (33,212)
Earnings per share of common stock outstanding computed on net loss basic and fully diluted	$ 0.00	$ 0.00	$ (0.01)	$ (0.02)	$ (0.06)
Weighted average number of shares outstanding basic and fully diluted	530,612	530,612	530,612	530,612	530,612

The cost relating to reorganization incurred during the period.

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The average number of shares or units issued and outstanding that are used in calculating basic and diluted EPS.

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The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

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-Glossary Comprehensive Income

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The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest.

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The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations.

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The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).

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Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.

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The net result for the period of deducting operating expenses from operating revenues.

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This element represents Other Comprehensive Income or Loss, Net of Tax, for the period attributable to the parent entity. Includes deferred gains or losses on qualifying hedges, unrealized holding gains or losses on available-for-sale securities, minimum pension liability, and cumulative translation adjustment.

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The sum of expenses not otherwise specified in the taxonomy for managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.

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- Definition

A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer.

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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains.

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SMSA Humble Acquisition Corp 10-Q