Cash and Investment Held in Trust Account

12 Months Ended

Dec. 31, 2021

Cash And Investment Held In Trust Account Disclosure [Abstract]

CASH AND INVESTMENT HELD IN TRUST ACCOUNT

NOTE 4 – CASH AND INVESTMENT HELD IN TRUST ACCOUNT

As of December 31, 2021, investment securities in the Company’s Trust Account consisted of $40,441,469 in United States Treasury Bills and $0 in cash. As of December 31, 2020, investment securities in the Company’s Trust Account consisted of $48,249,518 in United States Treasury Bills and $391 in cash. The Company classifies its United States Treasury securities as available-for-sale. Available-for-sale marketable securities are recorded at their estimated fair value on the accompanying December 31, 2021 and 2020 consolidated balance sheets. The carrying value, including gross unrealized holding gain as other comprehensive income and fair value of held to marketable securities on December 31, 2021 and 2020 is as follows:

	Carrying Value as of December 31, 2021		Gross Unrealized Holding Gain		Fair Value as of December 31, 2021
Available-for-sale marketable securities
U.S. Treasury Securities	$	40,441,469	$	-	$	40,441,469

	Carrying Value as of December 31, 2020		Gross Unrealized Holding Gain		Fair Value as of December 31, 2020
Available-for-sale marketable securities
U.S. Treasury Securities	$	48,239,345	$	10,173	$	48,249,518

For the year ended December 31, 2021, cash in the Trust Account was partially distributed due to redemption of Public Shares (as defined below) (see Note 8).