XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash $ 195,111 $ 86,792
Prepaid assets 58,248 72,172
Total Current Assets 253,359 158,964
Cash and securities held in Trust Account 53,345,080 140,822,578
Total assets 53,598,439 140,981,542
Liabilities and Stockholders’ Deficit    
Accounts payable and accrued expense 1,491,110 793,237
State franchise tax accrual 93,342 195,695
Due to related parties 183,648 123,548
Promissory note – related party 1,380,000 1,380,000
Promissory note – Blackstone 2,080,000
Total current liabilities 5,228,100 2,492,480
Warrant liabilities 56,359 284,770
Total liabilities 5,284,459 2,777,250
Commitments
Common stock subject to possible redemption, 5,154,224 and 13,800,000 shares (at redemption value of approximately $10.35 and $10.20 per share) at June 30, 2022 and December 31, 2021, respectively 53,345,080 140,822,578
Stockholders’ Deficit:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.0001 par value; 100,000,000 shares authorized; 4,369,000 and 4,369,000 shares (excluding 5,154,224 and 13,800,000 shares subject to possible redemption) issued and outstanding at June 30, 2022 and December 31, 2021, respectively 437 437
Additional paid-in capital
Accumulated deficit (5,031,537) (2,618,723)
Total stockholders’ deficit (5,031,100) (2,618,286)
Total Liabilities and Stockholders’ Deficit $ 53,598,439 $ 140,981,542