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Revision of Previously Issued Financial Statements (Tables)
3 Months Ended
Mar. 31, 2022
Accounting Changes And Error Corrections [Abstract]  
Summary of Effect of Error on Each Financial Statement

The following tables summarize the effect of the error on each financial statement line item as of the dates, and for the periods, indicated.

 

 

 

December 31, 2021

 

 

 

As

Previously

Reported

 

 

Adjustments

 

 

As Revised

 

Balance Sheet (audited)

 

 

 

 

 

 

 

 

 

 

 

 

Common stock subject to redemption

 

$

115,000,000

 

 

$

2,875,000

 

 

$

117,875,000

 

Additional paid-in capital

 

 

475,848

 

 

 

(475,848

)

 

 

 

Accumulated deficit

 

 

(6,520,309

)

 

 

(2,399,152

)

 

 

(8,919,461

)

Total stockholders' deficit

 

 

(6,044,146

)

 

 

(2,875,000

)

 

 

(8,919,146

)

 

 

 

September 30, 2021

 

 

 

As

Previously

Reported

 

 

Adjustments

 

 

As Revised

 

Balance Sheet (unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

Common stock subject to redemption

 

$

115,000,000

 

 

$

1,725,000

 

 

$

116,725,000

 

Accumulated deficit

 

 

(7,832,328

)

 

 

(1,725,000

)

 

 

(9,557,328

)

Total stockholders' deficit

 

 

(7,356,165

)

 

 

(1,725,000

)

 

 

(9,081,165

)

 

 

June 30, 2021

 

 

 

As

Previously

Reported in

Amendment

No. 1 of

September

30, 2021

Form 10-Q

 

 

Adjustments

 

 

As Revised

 

Balance Sheet (unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

Common stock subject to redemption

 

$

115,000,000

 

 

$

1,725,000

 

 

$

116,725,000

 

Accumulated deficit

 

 

(11,033,028

)

 

 

(1,725,000

)

 

 

(12,758,028

)

Total stockholders' deficit

 

 

(11,032,715

)

 

 

(1,725,000

)

 

 

(12,757,715

)

 

 

 

March 31, 2021

 

 

 

As

Previously

Reported in

Amendment

No. 1 of

September

30, 2021

Form 10-Q

 

 

Adjustments

 

 

As Revised

 

Balance Sheet (unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

Common stock subject to redemption

 

$

115,000,000

 

 

$

1,725,000

 

 

$

116,725,000

 

Accumulated deficit

 

 

(9,447,967

)

 

 

(1,725,000

)

 

 

(11,172,967

)

Total stockholders' deficit

 

 

(9,447,654

)

 

 

(1,725,000

)

 

 

(11,172,654

)

 

 

 

 

December 31, 2020

 

 

 

As

Previously

Reported

 

 

Adjustments

 

 

As Revised

 

Balance Sheet (audited)

 

 

 

 

 

 

 

 

 

 

 

 

Common stock subject to redemption

 

$

115,000,000

 

 

$

1,725,000

 

 

$

116,725,000

 

Accumulated deficit

 

 

(15,224,285

)

 

 

(1,725,000

)

 

 

(16,949,285

)

Total stockholders' deficit

 

 

(15,223,972

)

 

 

(1,725,000

)

 

 

(16,948,972

)

 

 

Changes in the Statement of Cash Flows for the Year Ended December 31, 2021

 

 

December 31, 2021

 

 

As

Previously

Reported

 

Adjustments

 

As Revised

 

Change

Statement of Cash Flows (audited)

 

 

 

 

 

 

 

 

 

 

 

Supplemental disclosure of non-cash financing activities:

 

 

 

 

 

 

 

 

 

 

 

Accretion of Common Stock to redemption value

 

$

 

$

(1,150,000)

 

$

(1,150,000)

 

100%

 

Changes in the Statement of Cash Flows for the Year Ended December 31, 2020

 

 

December 31, 2020

 

 

As

Previously

Reported

 

Adjustments

 

As Revised

 

Change

Statement of Cash Flows (audited)

 

 

 

 

 

 

 

 

 

 

 

Supplemental disclosure of non-cash financing activities:

 

 

 

 

 

 

 

 

 

 

 

Accretion of Common Stock to redemption value

 

$

(18,499,250)

 

$

(1,725,000)

 

$

(20,224,250)

 

9%