INCOME TAX (Tables)

12 Months Ended

Dec. 31, 2021

INCOME TAX

Schedule of Company's net deferred tax asset

The Company’s net deferred tax assets are as follows:

	December 31,
	2021		2020
Deferred tax assets
Net operating loss carryforward	$	19,569	$	2,772
Organizational costs/Startup expenses		1,184,552		56,428
Total deferred tax assets		1,204,121		59,200
Valuation allowance		(1,204,121)		(59,200)
Deferred tax assets, net of allowance	$	—	$	—

Schedule of components of Company's income tax provision

The income tax provision consists of the following:

	Years Ended December 31,
	2021		2020
Federal
Deferred	$	(1,144,921)	$	(59,200)
Change in valuation allowance		1,144,921		59,200
Income tax provision	$	—	$	—

Schedule of reconciliation of the federal income tax rate to the Company's effective tax rate

A reconciliation of the federal income tax rate to the Company’s effective tax rate at December 31, 2021 and 2020 is as follows:

	December 31,
	2021		2020
Statutory federal income tax rate	21.0	%	21.0	%
State taxes, net of federal tax benefit	0.0	%	0.0	%
Change in fair value of warrant liabilities	(27.4)	%	(19.8)	%
Transaction costs associated with the Initial Public Offering	0.0	%	(0.8)	%
Change in valuation allowance	6.4	%	(0.3)	%
Income tax provision	0.0	%	0.0	%