v2.4.0.6

Statements of Operations and Comprehensive Loss (USD $)	3 Months Ended		56 Months Ended
Statements of Operations and Comprehensive Loss (USD $)	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012
Revenues	$ 0	$ 0	$ 0
Operating expenses
Reorganization costs	0	0	2,300
Professional fees	4,880	5,840	24,055
Other general and administrative costs	380	500	6,797
Total operating expenses	5,260	6,340	33,152
Loss from operations	(5,260)	(6,340)	(33,152)
Provision for income taxes	0	0	0
Net Income (Loss)	(5,260)	(6,340)	(33,152)
Other comprehensive income	0	0	0
Comprehensive Income (Loss)	$ (5,260)	$ (6,340)	$ (33,152)
Loss per weighted-average share of common stock outstanding, computed on net loss - basic and fully diluted	$ (0.01)	$ (0.01)	$ (0.06)
Weighted-average number of shares of common stock outstanding - basic and fully diluted	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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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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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 portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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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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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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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 DALLAS ACQUISITION CORP. 10-Q