FlatWorld Acquisition Corp. reported unaudited earnings results for the first quarter ended March 31, 2012. For the quarter, the company's loss from operations was $63,305 compared to $57,440 a year ago. Net loss attributable to ordinary shareholders was $51,886 or $0.02 per basic and diluted share compared to $48,134 or $0.02 per basic and diluted share a year ago. Net cash used in operating activities was $1,361 against net cash generated from operating activities of $14,910 a year ago.