SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Class A Common Stock Subject to Possible Redemption

At December 31, 2021 and 2020, Class A common stock reflected in the consolidated balance sheets are reconciled in the following table:

Gross proceeds	$	132,250,000
Less:
Proceeds allocated to Public Warrants	$	(6,482,000	)
Issuance costs allocated to Class A Common Stock		(7,029,990	)
Plus:
Remeasurement adjustment of carrying value to redemption value	$	13,511,990
Class A common stock subject to possible redemption	$	132,250,000

Basic and Diluted Loss Per Common Share

The following table reflects the calculation of basic and diluted net income per common stock (in dollars, except per share amounts):

	Year Ended December 31, 2021				For the Period from July 14, 2020 (Inception) Through December 31, 2020
	Class A		Class B		Class A			Class B
Basic and diluted net income (loss) per common stock
Numerator:
Allocation of net income (loss), as adjusted	$	3,992,093	$	998,023	$	(3,254,481	)	$	(1,308,868	)
Denominator:
Basic and diluted weighted average shares outstanding		13,225,000		3,306,250		7,779,412			3,128,676
Basic and diluted net income (loss) per common stock	$	0.30	$	0.30	$	(0.42	)	$	(0.42	)