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INCOME TAX (Tables)
12 Months Ended
Dec. 31, 2021
INCOME TAX [Abstract]  
Income Tax Provision During Period

The income tax provision for the year ended December 31, 2021 and for the period from July 14, 2020 (inception) through December 31, 2020 consists of the following:

 
 
December 31,
   
December 31,
 
    2021
    2020
 
Federal
           
Current
 
$
    $  
Deferred
   
(243,696
)
    (49,253 )
 
               
State and Local
               
Current
   
       
Deferred
   
       
 
               
Change in valuation allowance
   
243,696
      49,253  
 
               
Income tax provision
 
$
    $  
Deferred Tax Assets

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

 
 
December 31,
    December 31,
 
    2021
    2020
 
Deferred tax assets
           
Start-up Costs
 
$
232,924
  $ 30,269  
Net operating loss carryforward
   
60,025
      18,984  
Total deferred tax assets
   
292,949
      49,253  
Valuation Allowance
   
(292,949
)
    (49,253 )
Deferred tax assets, net of allowance
 
$
    $  
Reconciliation of Federal Income Tax Rate

A reconciliation of the federal income tax rate to the Company’s effective tax rate is as follows:

 
 
December 31, 2021
   
December 31, 2020
 
 
           
Statutory federal income tax rate
   
21.0
%
    21.0 %
State taxes, net of federal tax benefit
   
0.0
%
    0.0 %
Change in FV of Warrant Liabilities
   
(25.9
)%
    (18.0 )%
Transaction costs allocable to warrant liabilities
   
0.0
%
    (1.6 )%
Compensation expense related to warrant liabilities
   
0.0
%
    (0.3 )%
Valuation allowance
   
4.9
%
    (1.1 )%
Income tax provision
   
0.0
%
    0.0 %