v2.3.0.11

Statements of Operations and Comprehensive Loss (USD $)	3 Months Ended		6 Months Ended		47 Months Ended
Statements of Operations and Comprehensive Loss (USD $)	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011
Revenues	$ 0	$ 0	$ 0	$ 0	$ 0
Reorganization expenses	0	0	0	0	2,300
Professional fees	5,988	0	11,828	0	15,213
Other general and administrative expenses	781	0	1,281	0	1,788
Total operating expenses	6,769	0	13,109	0	19,301
Loss from operations	(6,769)	0	(13,109)	0	(19,301)
Other Income (Expense)	0	0	0	0	0
Income (Loss) before provision for income taxes	(6,769)	0	(13,109)	0	(19,301)
Provision for income taxes	0	0	0	0	0
Net income (loss) for the period	(6,769)	0	(13,109)	0	(19,301)
Other Comprehensive Income	0	0	0	0	0
Comprehensive Loss	$ (6,769)	$ 0	$ (13,109)	$ 0	$ (19,301)
Earnings per share of common stock outstanding computed on net loss - basic and fully diluted	$ (0.01)	$ 0.00	$ (0.02)	$ 0.00	$ (0.04)
Weighted-average number of shares outstanding - basic and fully diluted	530,612	530,612	530,612	530,612	530,612

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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The costs and expenses incurred pertaining to the reorganization process to convert a mutual entity to a stock company.

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The amount of net income (loss) for the period per each share of common stock or unit 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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This element represents Other Comprehensive Income or Loss, Net of Tax, for the period. 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. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label.

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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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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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Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

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SMSA DALLAS ACQUISITION CORP. 10-Q/A