##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-Q
 þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934.
 For the quarterly period ended September 30, 2009
 OR
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934.
 For the transition period from  to
 Commission file number 001-33800
 Ideation Acquisition Corp.
  Delaware
    
    77-0688094(State or other jurisdiction of 
incorporation or organization)
    
    (I.R.S. Employer Identification No.)
 1105 N. Market Street, Suite 1300Wilmington, DE 19801
    
    19801(Address of principal executive offices)
    
    (Zip code)
 
  þ o
 o o
  Large accelerated filer o
    
    Accelerated filer o
    
    Non-accelerated filer þ
    
    Smaller reporting company o(Do not check if a smaller reporting company)
  þ o




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##### 



TABLE OF CONTENTS
 PART I
    
    FINANCIAL INFORMATION
    
    
    2ITEM 1.
    
    CONSOLIDATED FINANCIAL STATEMENTS
    
    
    2CONDENSED CONSOLIDATED BALANCE SHEETS AS OF SEPTEMBER 30, 2009 (UNAUDITED), AND DECEMBER 31, 2008
    
    
    2UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2009, THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2008 AND FOR THE PERIOD FROM JUNE 1, 2007 (INCEPTION) THROUGH SEPTEMBER 30, 2009
    
    
    3UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY FOR THE NINE MONTHS ENDED SEPTEMBER 30,2009, AND THE PERIOD FROM JUNE 1, 2007 (INCEPTION) THROUGH SEPTEMBER 30, 2009
    
    
    4UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2009, FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2008 AND FOR THE PERIOD FROM JUNE 1, 2007 (INCEPTION) THROUGH SEPTEMBER 30, 2009
    
    
    5NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED)
    
    
    6ITEM 2.
    
    MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
    
    
    17ITEM 3.
    
    QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
    
    
    21ITEM 4.
    
    CONTROLS AND PROCEDURES
    
    
    22PART II
    
    OTHER INFORMATION
    
    
    23ITEM 1.
    
    LEGAL PROCEEDINGS
    
    
    23ITEM 1A.
    
    RISK FACTORS
    
    
    23ITEM 5.
    
    OTHER INFORMATION
    
    
    24ITEM 6.
    
    EXHIBITS
    
    
    24SIGNATURES
    
    
    25EX-31.1EX-31.2EX-32.1EX-32.2




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##### Table of Contents



PART 1  FINANCIAL INFORMATION
 
 ITEM 1. FINANCIAL STATEMENTS
 IDEATION ACQUISITION CORP.
(a corporation in the development stage)
 
 Condensed Consolidated Balance Sheets
 September 30, 2009
    
    
    December 31, 2008(unaudited)AssetsCurrent assets:Cash and cash equivalents
    
    $
    42,230
    
    
    $
    308,874Interest receivable
    
    
    
    
    
    
    1,208Income taxes receivable
    
    
    
    
    
    
    124,191Franchise taxes receivable
    
    
    121,000
    
    
    
    121,000Other current assets
    
    
    15,601
    
    
    
    41,699Total current assets
    
    
    178,831
    
    
    
    596,972Investments held in Trust Account  RestrictedU. S. Treasury Securities, at amortized cost
    
    
    75,034,125
    
    
    
    54,993,327U.S. Treasury Mutual Funds, at fair value
    
    
    3,780,875
    
    
    
    23,821,673Deferred tax asset
    
    
    452,821
    
    
    
    440,759Total assets
    
    $
    79,446,652
    
    
    $
    79,852,731Liabilities and Stockholders EquityCurrent liabilities:Accrued expenses
    
    $
    2,235,164
    
    
    $
    507,626Income taxes payable
    
    
    2,142
    
    
    
    Total current liabilities
    
    
    2,237,306
    
    
    
    507,626Long-term liability  deferred underwriters fee
    
    
    2,730,000
    
    
    
    2,730,000Common stock subject to possible redemption (2,999,999 shares at
September 30, 2009 and December 31, 2008, respectively, at
redemption value of $7.88 per share)
    
    
    23,639,992
    
    
    
    23,639,992Commitments and contingenciesStockholders Equity:Preferred Stock, $0.0001 par value, 1,000,000 shares authorized;
none issued
    
    
    
    
    
    
    Common Stock, $0.0001 par value, 50,000,000 shares authorized,
12,500,000 shares issued and outstanding including 2,999,999 shares
subject to possible redemption, at September 30, 2009 and December
31, 2008, respectively
    
    
    1,250
    
    
    
    1,250Additional paid-in capital
    
    
    52,595,237
    
    
    
    52,595,237Retained earnings (deficit accumulated during the development stage)
    
    
    (1,757,133
    )
    
    
    378,626Total stockholders equity
    
    
    50,839,354
    
    
    
    52,975,113Total liabilities and stockholders equity
    
    $
    79,446,652
    
    
    $
    79,852,731
  2




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##### Table of Contents



IDEATION ACQUISITION CORP.
(a corporation in the development stage)
 
 Condensed Consolidated Statements of Operations
(unaudited)
 For the Three
    
    
    For the Three
    
    
    For the Nine
    
    
    For the Nine
    
    
    For the Period June 1,Months Ended
    
    
    Months Ended
    
    
    Months Ended
    
    
    Months Ended
    
    
    2007 (Inception) toSeptember 30, 2009
    
    
    September 30, 2008
    
    
    September 30, 2009
    
    
    September 30, 2008
    
    
    September 30, 2009Revenue
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    Formation and
operating costs
    
    
    829,786
    
    
    
    360,216
    
    
    
    2,211,646
    
    
    
    646,295
    
    
    
    3,594,333Loss from operations
    
    
    (829,786
    )
    
    
    (360,216
    )
    
    
    (2,211,646
    )
    
    
    (646,295
    )
    
    
    (3,594,333
    )Interest income
    
    
    18,882
    
    
    
    396,052
    
    
    
    49,089
    
    
    
    1,520,512
    
    
    
    2,005,453(Loss) income
before (benefit)
provision for
income taxes
    
    
    (810,904
    )
    
    
    35,836
    
    
    
    (2,162,557
    )
    
    
    874,217
    
    
    
    (1,588,880
    )Provision (benefit)
for income taxesCurrent
    
    
    878
    
    
    
    41,983
    
    
    
    (14,736
    )
    
    
    511,171
    
    
    
    621,074Deferred
    
    
    (65,251
    )
    
    
    (92,689
    )
    
    
    (12,062
    )
    
    
    (227,913
    )
    
    
    (452,821
    )Total provision
(benefit) for
income taxes
    
    
    (64,373
    )
    
    
    (50,706
    )
    
    
    (26,798
    )
    
    
    283,258
    
    
    
    168,253Net income (loss)
    
    $
    (746,531
    )
    
    $
    86,542
    
    
    $
    (2,135,759
    )
    
    $
    590,959
    
    
    $
    (1,757,133
    )Maximum number of
share subject to
possible
redemption:Weighted
average
number of
shares,
basic and
diluted
    
    
    2,999,999
    
    
    
    2,999,999
    
    
    
    2,999,999
    
    
    
    2,999,999
    
    
    
    2,393,616Earnings
(loss) per
share
amount,
basic and
diluted
    
    $
    (0
    )
    
    $
    0
    
    
    $
    (0
    )
    
    $
    0
    
    
    $
    (0
    )Weighted average
number of common
share outstanding
(not subject to
possible
redemption):Basic
    
    
    9,500,001
    
    
    
    9,500,001
    
    
    
    9,500,001
    
    
    
    9,500,001
    
    
    
    8,039,274Diluted
    
    
    9,500,001
    
    
    
    11,745,777
    
    
    
    9,500,001
    
    
    
    11,623,259
    
    
    
    8,039,274Earnings (loss) per
share amount:Basic
    
    $
    (0.08
    )
    
    $
    0.01
    
    
    $
    (0.22
    )
    
    $
    0.06
    
    
    $
    (0.22
    )Diluted
    
    $
    (0.08
    )
    
    $
    0.01
    
    
    $
    (0.22
    )
    
    $
    0.05
    
    
    $
    (0.22
    )
  3




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##### Table of Contents



IDEATION ACQUISITION CORP.
(a corporation in the development stage)
 
 Condensed Consolidated Statements of Stockholders Equity
For the Period June 1, 2007 (Inception) to September 30, 2009
 Retained Earnings(Deficit AccumulatedAdditional
    
    
    During the
    
    
    TotalCommon Stock
    
    
    Paid-in
    
    
    Development
    
    
    StockholdersShares
    
    
    Amount
    
    
    Capital
    
    
    Stage)
    
    
    EquityCommon shares
issued to founders
on June 1, 2007 at
$.01 per share
    
    
    2,500,000
    
    
    $
    250
    
    
    $
    24,750
    
    
    $
    
    
    
    $
    25,000Sale of 2,400,000
warrants at $1 per
warrant to initial
stockholders
    
    
    
    
    
    
    
    
    
    
    2,400,000
    
    
    
    
    
    
    
    2,400,000Sale of 10,000,000
units through
public offering,
net of
underwriters
discount and
offering expenses,
at $8 per unit
(including
2,999,999 shares
subject to possible
redemption)
    
    
    10,000,000
    
    
    
    1,000
    
    
    
    73,810,479
    
    
    
    
    
    
    
    73,811,479Proceeds subject to
possible
redemption,
2,999,999 shares
    
    
    
    
    
    
    
    
    
    
    (23,639,992
    )
    
    
    
    
    
    
    (23,639,992
    )Net income
for the period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    144,120
    
    
    
    144,120Balances at
December 31, 2007
    
    
    12,500,000
    
    
    $
    1,250
    
    
    $
    52,595,237
    
    
    $
    144,120
    
    
    $
    52,740,607Net income
for the period
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    234,506
    
    
    
    234,506Balances at
December 31, 2008
    
    
    12,500,000
    
    
    $
    1,250
    
    
    $
    52,595,237
    
    
    $
    378,626
    
    
    $
    52,975,113Net loss for
the period (unaudited)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (2,135,759
    )
    
    
    (2,135,759
    )Balances at
September 30, 2009
(unaudited)
    
    
    12,500,000
    
    
    $
    1,250
    
    
    $
    52,595,237
    
    
    $
    (1,757,133
    )
    
    $
    50,839,354
  4




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##### Table of Contents



IDEATION ACQUISITION CORP.
(a corporation in the development stage)
 
 Condensed Consolidated Statements of Cash Flows
(unaudited)
 For the Nine
    
    
    For the Nine
    
    
    For the Period June 1,Months Ended
    
    
    Months Ended
    
    
    2007 (Inception) toSeptember 30, 2009
    
    
    September 30, 2008
    
    
    September 30, 2009Cash flows from operating activities:Net income (loss)
    
    $
    (2,135,759
    )
    
    $
    590,959
    
    
    $
    (1,757,133
    )Adjustments to reconcile net income (loss) to net cash
provided by (used in) operating activities:Deferred income tax (benefit)
    
    
    (12,062
    )
    
    
    (227,913
    )
    
    
    (452,821
    )Changes in operating assets and liabilities:Interest receivable
    
    
    1,208
    
    
    
    177,530
    
    
    
    Income taxes receivable
    
    
    124,191
    
    
    
    (61,410
    )
    
    
    Franchise taxes receivable
    
    
    
    
    
    
    (156,000
    )
    
    
    (121,000
    )Other current assets
    
    
    26,098
    
    
    
    (18,902
    )
    
    
    (15,601
    )Accrued expenses
    
    
    1,727,538
    
    
    
    197,862
    
    
    
    2,235,164Income taxes payable
    
    
    2,142
    
    
    
    (74,244
    )
    
    
    2,142Franchise taxes payable
    
    
    
    
    
    
    (68,666
    )
    
    
    Net cash provided by (used in) operating activities
    
    
    (266,644
    )
    
    
    359,216
    
    
    
    (109,249
    )Cash used in investing activities:Investments in Trust Account  Restricted
    
    
    
    
    
    
    
    
    
    
    (78,815,000
    )Cash flows from financing activities:Proceeds from notes payable to stockholders
    
    
    
    
    
    
    
    
    
    
    200,000Proceeds from common shares issued to founders
    
    
    
    
    
    
    
    
    
    
    25,000Proceeds from public offering
    
    
    
    
    
    
    
    
    
    
    80,000,000Proceeds from issuance of insider warrants
    
    
    
    
    
    
    
    
    
    
    2,400,000Repayment of notes payable to stockholders
    
    
    
    
    
    
    
    
    
    
    (200,000
    )Payment of underwriters discount and offering costs
    
    
    
    
    
    
    
    
    
    
    (3,458,521
    )Net cash provided by financing
    
    
    
    
    
    
    
    
    
    
    78,966,479Net (decrease) increase in cash and cash equivalents
    
    
    (266,644
    )
    
    
    359,216
    
    
    
    42,230Cash and cash equivalents, beginning of period
    
    
    308,874
    
    
    
    124,139
    
    
    
    Cash and cash equivalents, end of period
    
    $
    42,230
    
    
    $
    483,355
    
    
    $
    42,230Supplemental disclosure of cash flow information:Cash paid for income and franchise taxes
    
    $
    92,433
    
    
    $
    900,839
    
    
    $
    1,094,770Cash refund received for income taxes
    
    $
    (141,069
    )
    
    $
    
    
    
    $
    (176,069
    )Supplemental schedule of non-cash financing activities:Deferred offering costs
    
    $
    
    
    
    $
    
    
    
    $
    2,730,000
  5




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##### Table of Contents



IDEATION ACQUISITION CORP.
(a corporation in the development stage)
 
 NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(unaudited)
 Note 1  Organization and Nature of Business Operations
       6




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##### Table of Contents



IDEATION ACQUISITION CORP.
(a corporation in the development stage)
 NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(unaudited)
    Note 2  Summary of Significant Accounting Policies
 Basis of Presentation and Consolidation
  Concentration of Credit Risk
  Cash and cash equivalents
  Earnings (loss) per Common Share
   7




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##### Table of Contents



IDEATION ACQUISITION CORP.
(a corporation in the development stage)
 NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(unaudited)
  Redeemable common stock
  Newly Issued and Adopted Accounting Pronouncements
 Topic 105 
Generally Accepted Accounting Principles  amendments based on Statement of Financial Accounting
Standards No. 168, The FASB Accounting Standards Codification and the Hierarchy of Generally
Accepted Accounting Principles. The FASB Accounting Standards CodificationTM and the Hierarchy of Generally
Accepted Accounting Principles.
 Omnibus
UpdateAmendments to Various Topics for Technical Corrections.
 SEC Update 
Amendments to Various Topics Containing SEC Staff Accounting Bulletins.
 Accounting
for Redeemable Equity Instruments  Amendment to Section 480-10-S99. Distinguishing Liabilities from Equity
 Fair Value
Measurements and Disclosures (Topic 820)  Measuring Liabilities at Fair Value.
 Implementation Guidance on Accounting for Uncertainty in Income Taxes and Disclosure Amendments for
Nonpublic Entities.
 8




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##### Table of Contents



IDEATION ACQUISITION CORP.
(a corporation in the development stage)
 NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(unaudited)
 Technical
Corrections to SEC Paragraphs
 Earnings
Per Share Amendments to Section 260-10-S99
 Accounting
for Investments-Equity Method and Joint Ventures and Accounting for Equity-Based Payments to
Non-Employees
 Financial
Services-Brokers and Dealers: Investments-Other, Amendment to Subtopic 940-325
 Extractive
Activities-Oil and Gas, Amendment to Section 932-10-S99
 Fair
Value Measurements and Disclosures (Topic 820), Investments in Certain Entities that Calculate Net
Asset Value per Share (or Its Equivalent)
 Fair value of financial instruments
  Subsequent Events
   Note 3  Initial Public Offering
  9




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##### Table of Contents



IDEATION ACQUISITION CORP.
(a corporation in the development stage)
 NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(unaudited)
  Note 4  Related Party Transactions
       10




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##### Table of Contents



IDEATION ACQUISITION CORP.
(a corporation in the development stage)
 NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(unaudited)
  Note 5  Income taxes
    11




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##### Table of Contents



IDEATION ACQUISITION CORP.
(a corporation in the development stage)
 NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(unaudited)
  For the Three
    
    
    For the Three
    
    
    For the Nine
    
    
    For the Nine
    
    
    For the Period June 1,Months Ended
    
    
    Months Ended
    
    
    Months Ended
    
    
    Months Ended
    
    
    2007 (Inception) toSeptember 30, 2009
    
    
    September 30, 2008
    
    
    September 30, 2009
    
    
    September 30, 2008
    
    
    September 30, 2009Current Tax
(Benefit)ProvisionFederal
    
    $
    878
    
    
    $
    167,280
    
    
    $
    (14,736
    )
    
    $
    532,346
    
    
    $
    621,074State
    
    
    
    
    
    
    (125,297
    )
    
    
    
    
    
    
    (21,175
    )
    
    
    Total Current
    
    
    878
    
    
    
    41,983
    
    
    
    (14,736
    )
    
    
    511,171
    
    
    
    621,074Deferred Tax
(Benefit)Provision:Federal
    
    
    (65,251
    )
    
    
    (122,698
    )
    
    
    (12,062
    )
    
    
    (227,913
    )
    
    
    (452,821
    )State
    
    
    
    
    
    
    30,009
    
    
    
    
    
    
    
    
    
    
    
    Total Deferred
    
    $
    (65,251
    )
    
    $
    (92,689
    )
    
    $
    (12,062
    )
    
    $
    (227,913
    )
    
    $
    (452,821
    )Total Provision
    
    $
    (64,373
    )
    
    $
    (50,706
    )
    
    $
    (26,798
    )
    
    $
    283,258
    
    
    $
    168,253
  For the Three
    
    
    For the Three
    
    
    For the Nine
    
    
    For the Nine
    
    
    For the Period June 1,Months Ended
    
    
    Months Ended
    
    
    Months Ended
    
    
    Months Ended
    
    
    2007 (Inception) toSeptember 30, 2009
    
    
    September 30, 2008
    
    
    September 30, 2009
    
    
    September 30, 2008
    
    
    September 30, 2009(Benefit) Provision
at statutory rate
    
    $
    (275,707
    )
    
    $
    12,185
    
    
    $
    (735,268
    )
    
    $
    297,233
    
    
    $
    (540,217
    )Permanent Differences
    
    
    211,334
    
    
    
    
    
    
    
    708,470
    
    
    
    
    
    
    
    708,470State taxes, net of
federal benefit
    
    
    
    
    
    
    (62,391
    )
    
    
    
    
    
    
    (13,975
    )
    
    
    (Benefit) Provision
for income taxes
    
    $
    (64,373
    )
    
    $
    (50,706
    )
    
    $
    (26,798
    )
    
    $
    283,258
    
    
    $
    168,253
 Note 6  Investments held in Trust Account; U.S. Treasury Securities
   12




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##### Table of Contents



IDEATION ACQUISITION CORP.
(a corporation in the development stage)
 (unaudited)
NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
  GrossUnrealizedCarrying
    
    
    holdingamount
    
    
    gains(losses)
    
    
    Fair valueHeld-to-maturity:U.S. Treasury securities held in Trust Account
    
    $
    75,034,125
    
    
    $
    875
    
    
    $
    75,035,000
  GrossUnrealizedCarrying
    
    
    holdingamount
    
    
    gains(losses)
    
    
    Fair valueHeld-to-maturity:U.S. Treasury securities held in Trust Account
    
    $
    54,993,327
    
    
    $
    6,673
    
    
    $
    55,000,000
 Note 7  Fair Value Measurements
    SignificantQuoted Prices in
    
    
    Significant Other
    
    
    Unobservable(unaudited)
    
    
    Active Markets
    
    
    Observable Inputs
    
    
    InputsDescription
    
    September 30, 2009
    
    
    (Level 1)
    
    
    (Level 2)
    
    
    (Level 3)Assets:U.S. Treasury
Mutual Funds, at
fair value, held in
Trust Account
    
    $
    3.8
    
    
    $
    3.8
    
    
    $
    
    
    
    $
    
 SignificantQuoted Prices
    
    
    Significant Other
    
    
    Unobservable(unaudited)
    
    
    Active
    
    
    Observable Inputs
    
    
    InputsDescription
    
    December 31, 2008
    
    
    (Level 1)
    
    
    (Level 2)
    
    
    (Level 3)Assets:U.S. Treasury
Mutual Funds, a
fair value, held in
Trust Account
    
    $
    23.8
    
    
    $
    23.8
    
    
    $
    
    
    
    $
    
  13




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IDEATION ACQUISITION CORP.
(a corporation in the development stage)
 NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(unaudited)
 Note 8  Commitments and contingencies
       Note 9  Preferred stock
  Note 10  Agreement and Plan of Merger
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IDEATION ACQUISITION CORP.
(a corporation in the development stage)
 NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(unaudited)
        Note 11  Going concern issues arising from the requirements of our certificate of incorporation
  15




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IDEATION ACQUISITION CORP.
(a corporation in the development stage)
 NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(unaudited)
  16




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ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  Special Note About Forward-Looking Statements
  Overview
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Results of Operations
  18




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##### Table of Contents



Liquidity and Capital Resources
       Recently Adopted Accounting Pronouncements
 Topic 105 
Generally Accepted Accounting Principles  amendments based on Statement of Financial Accounting
Standards No. 168, The FASB Accounting Standards Codification and the Hierarchy of Generally
Accepted Accounting Principles. The FASB Accounting Standards CodificationTM and the Hierarchy of Generally
Accepted Accounting Principles.
 Omnibus
UpdateAmendments to Various Topics for Technical Corrections.
 SEC Update 
Amendments to Various Topics Containing SEC Staff Accounting Bulletins.
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Accounting
for Redeemable Equity Instruments  Amendment to Section 480-10-S99. Distinguishing Liabilities from Equity
 Fair Value
Measurements and Disclosures (Topic 820)  Measuring Liabilities at Fair Value.
 Implementation Guidance on Accounting for Uncertainty in Income Taxes and Disclosure Amendments for
Nonpublic Entities.
 Technical
Corrections to SEC Paragraphs
 Earnings
Per Share Amendments to Section 260-10-S99
 Accounting
for Investments-Equity Method and Joint Ventures and Accounting for Equity-Based Payments to
Non-Employees
 Financial
Services-Brokers and Dealers: Investments-Other, Amendment to Subtopic 940-325
 Extractive
Activities-Oil and Gas, Amendment to Section 932-10-S99
 Fair
Value Measurements and Disclosures (Topic 820), Investments in Certain Entities that Calculate Net
Asset Value per Share (or Its Equivalent)
 Redeemable common stock
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Critical Accounting Policies
 Basis of presentation
  Concentration of Credit Risk
  Cash and cash equivalents
  Preferred Stock
  Net Income per Common Share
   
 ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
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ITEM 4. CONTROLS AND PROCEDURES
 Evaluation of disclosure controls and procedures
  Changes in internal control over financial reporting
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IDEATION ACQUISITION CORP.
 
 PART II  OTHER INFORMATION
 
 ITEM 1. LEGAL PROCEEDINGS
  
 ITEM 1A. RISK FACTORS
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IDEATION ACQUISITION CORP.
 PART II  OTHER INFORMATION
 
 ITEM 5. OTHER INFORMATION
  
 ITEM 6. EXHIBITS
 2.1
    
    Second Amendment to Agreement and Plan of Merger, Conversion and Share Exchange, dated September 8, 2009.2.2
    
    Third Amendment to Agreement and Plan of Merger, Conversion and Share Exchange, dated September 28, 2009 31.1
    
    Certification of Chief Executive Officer Pursuant to SEC Rule 13a-14(a)/15d-14(a)*31.2
    
    Certification of Chief Financial Officer Pursuant to SEC Rule 13a-14(a)/15d-14(a)*32.1
    
    Certification of Chief Executive Officer Pursuant to 18 U.S.C. §1350*32.2
    
    Certification of Chief Financial Officer Pursuant to 18 U.S.C. §1350*
 
 
    
    Incorporated by reference to Exhibit 2.1 to the Companys Current Report on Form 8-K filed on September 14, 2009
    
    Incorporated by reference to Exhibit 2.1 to the Companys Current Report on Form 8-K filed on September 28, 2009*
    
    Filed herewith 24




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SIGNATURES
  IDEATION ACQUISITION CORP.Date: October 22, 2009
    /s/ Robert N. FriedRobert N. FriedPresident, Chief Executive Officer and Director
(Principal Executive Officer) Date: October 22, 2009
    /s/ Rao UppaluriRao UppaluriTreasurer and Director
(Principal Financial Officer and Principal Accounting Officer) 25