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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 164,863 $ 672,443
Prepayments 31,695
Total current assets 164,863 704,138
Cash and investments held in trust account 40,441,469 48,249,909
TOTAL ASSETS 40,606,332 48,954,047
Current liabilities:    
Accrued liabilities 16,733 34,902
Notes payable 3,710,390 1,380,000
Amount due to related party 952,761 790,122
Total current liabilities 4,679,884 2,205,024
Warrant liabilities 490,000 390,000
Deferred underwriting compensation 1,840,000 1,840,000
TOTAL LIABILITIES 7,009,884 4,435,024
Commitments and contingencies
Ordinary shares, subject to possible redemption: 3,646,607 and 4,600,000 shares (at redemption value of $11.09 and $10.00 per share) 40,441,469 46,000,000
Shareholders’ deficit:    
Ordinary shares, $0.001 par value; 100,000,000 shares authorized; 1,375,000 shares issued and outstanding (excluding 3,646,607 and 4,600,000 shares subject to possible redemption) 1,375 1,375
Accumulated other comprehensive income 10,173
Accumulated deficit (6,846,396) (1,492,525)
Total shareholders’ deficit (6,845,021) (1,480,977)
TOTAL LIABILITIES, TEMPORARY EQUITY AND SHAREHOLDERS’ DEFICIT $ 40,606,332 $ 48,954,047