Offering Costs and Formation Transaction Expenses (Tables)

3 Months Ended

Mar. 31, 2013

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Effect of Correction on Combined Financial Statements

The following table presents the effect this correction had on the Registrant’s prior period reported financial statements. Additionally, financial information included elsewhere in this Form 10-Q that is impacted by the adjustment have been revised, as applicable.


	For the three months ended March 31, 2012
	As reported			Adjustment			As adjusted
Formation transaction expenses	$	—		$	14,346		$	14,346
Net loss		(172,503	)		(14,346	)		(186,849	)
Net cash provided by operating activities		259,058			(14,346	)		244,712
Net cash used in financing activities		(629,779	)		14,346			(615,433	)
Net change in cash and cash equivalents		1,971,287			—			1,971,287

- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References+ Details

250 WEST 57TH ST ASSOCIATES L.L.C. 10-Q