Restatement of Previously Issued Financial Statements (Tables)

9 Months Ended

Sep. 30, 2021

Restatement Of Previously Issued Financial Statements [Abstract]

Schedule of impact to previously presented financial statements

	As Previously Reported		Adjustments			As Restated
Balance Sheet as of December 31, 2020
Ordinary shares subject to possible redemption	$	2,149,607	$	13,215,384		$	15,364,991
Ordinary shares	$	2,410,382	$	(2,410,382	)	$	-
Retained earnings (accumulated deficit)	$	2,589,624	$	(10,805,002	)	$	(8,215,378	)
Total shareholders’ equity (deficit)	$	5,000,006	$	(13,215,384	)	$	(8,215,378	)

	As Previously Reported		Adjustments			As Restated
Balance Sheet as of September 30, 2021
Ordinary shares subject to possible redemption	$	220,476	$	14,316,536		$	14,537,012
Ordinary shares	$	3,480,585	$	(3,299,131	)	$	181,454
Retained earnings (accumulated deficit)	$	1,519,418	$	(11,017,405	)	$	(9,497,987	)
Total shareholders’ equity (deficit)	$	5,000,003	$	(14,316,536	)	$	(9,316,533	)

	As Previously Reported			Adjustments			As Restated
Statement of Operations for the Three Months Ended September 30, 2020
Net loss	$	(84,230	)	$	-		$	(84,230	)
Less: income attributable to ordinary shares subject to possible redemption	$	(59	)	$	59		$	-
Adjusted net loss	$	(84,289	)	$	84,289		$	-
Basic and diluted weighted average redeemable ordinary shares outstanding		-			1,414,480			1,414,480
Basic and diluted net loss per redeemable ordinary share	$	-		$	(0.06	)	$	(0.06	)
Basic and diluted weighted average non-redeemable ordinary shares outstanding		4,387,754			(1,185,996	)		3,201,758
Basic and diluted net loss per non-redeemable ordinary share	$	(0.02	)	$	(0.04	)	$	(0.06	)

	As Previously Reported			Adjustments			As Restated
Statement of Operations for the Nine Months Ended September 30, 2020
Net income	$	202,621		$	-		$	202,621
Less: income attributable to ordinary shares subject to possible redemption	$	(86,089	)	$	86,089		$	-
Adjusted net income	$	116,532		$	(116,532	)	$	-
Basic and diluted weighted average redeemable ordinary shares outstanding		-			5,605,649			5,605,649
Basic and diluted net loss per redeemable ordinary share	$	-		$	(0.20	)	$	(0.20	)
Basic and diluted weighted average non-redeemable ordinary shares outstanding		4,340,885			(1,139,127	)		3,201,758
Basic and diluted net income (loss) per non-redeemable ordinary share	$	0.03		$	(0.23	)	$	(0.20	)

	As Previously Reported			Adjustments			As Restated
Statement of Operations for the Three Months Ended September 30, 2021
Net loss	$	(152,593	)	$	-		$	(152,593	)
Less: income attributable to ordinary shares subject to possible redemption	$	(5	)	$	5		$	-
Adjusted net loss	$	(152,598	)	$	152,598		$	-
Basic and diluted weighted average redeemable ordinary shares outstanding		-			1,278,411			1,278,411
Basic and diluted net loss per redeemable ordinary share	$	-		$	(0.09	)	$	(0.09	)
Basic and diluted weighted average non-redeemable ordinary shares outstanding		4,446,830			(1,245,072	)		3,201,758
Basic and diluted net loss per non-redeemable ordinary share	$	(0.03	)	$	(0.06	)	$	(0.09	)

	As Previously Reported			Adjustments			As Restated
Statement of Operations for the Nine Months Ended September 30, 2021
Net loss	$	(433,831	)	$	-		$	(433,831	)
Less: income attributable to ordinary shares subject to possible redemption	$	(17	)	$	17		$	-
Adjusted net loss	$	(433,848	)	$	433,848		$	-
Basic and diluted weighted average redeemable ordinary shares outstanding		-			1,334,319			1,334,319
Basic and diluted net loss per redeemable ordinary share	$	-		$	(0.24	)	$	(0.24	)
Basic and diluted weighted average non-redeemable ordinary shares outstanding		4,433,417			(1,231,659	)		3,201,758
Basic and diluted net loss per non-redeemable ordinary share	$	(0.10	)	$	(0.14	)	$	(0.24	)

	As Previously Reported		Adjustments			As Restated
Statement of Cash Flows for the Nine Months Ended September 30, 2020
Supplemental Disclosure of Non-cash Financing Activities:
Change in value of ordinary shares subject to possible redemption	$	202,627	$	(202,627	)	$	-
Accretion of carrying value to redemption value	$	-	$	2,007,819		$	2,007,819

	As Previously Reported		Adjustments			As Restated
Statement of Cash Flows for the Nine Months Ended September 30, 2021
Supplemental Disclosure of Non-cash Financing Activities:
Change in value of ordinary shares subject to possible redemption	$	433,829	$	(433,829	)	$	-
Accretion of carrying value to redemption value	$	-	$	667,324		$	667,324