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Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash $ 1,512,496 $ 2,005,228
Prepaid expenses 103,084 262,516
Total Current Assets 1,615,580 2,267,744
Cash and marketable securities held in Trust Account 175,109,162 175,040,510
TOTAL ASSETS 176,724,742 177,308,254
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)    
Current liability - accrued expenses 256,203 214,025
Deferred underwriting fee payable 6,125,000 6,125,000
Derivative warrant liabilities 9,537,845 15,198,000
Total Liabilities 15,919,048 21,537,025
Commitments and contingencies
Class A common stock subject to possible redemption, 17,500,000 shares at redemption value of $10.00 per share 175,000,000 175,000,000
Stockholders’ Equity (Deficit)    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding
Class A common stock, $0.0001 par value; 75,000,000 shares authorized
Class B convertible common stock, $0.0001 par value; 10,000,000 shares authorized; 4,375,000 shares issued and outstanding (1) [1] 437 437
Additional paid-in capital 66 66
Accumulated deficit (14,194,809) (19,229,274)
Total Stockholders’ Equity (Deficit) (14,194,306) (19,228,771)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 176,724,742 $ 177,308,254
[1] On August 3, 2020, the Company effected a 1.4-for-1 forward stock split of its issued and outstanding shares of Class B convertible common stock. All shares and associated amounts have been retroactively restated to reflect the forward stock split (see Note 5).