XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Jun. 30, 2022
Current assets:    
Cash $ 38,125 $ 110,643
Total current assets 38,125 110,643
Cash and investments held in trust account 59,590,850 58,754,548
TOTAL ASSETS 59,628,975 58,865,191
Current liabilities:    
Accrued liabilities and other payable 230,000 80,000
Note payable – related party 1,150,000 575,000
Amount due to a related party 9,981 9,981
Total current liabilities 1,389,981 664,981
Warrant liabilities 20,000 840,000
Deferred underwriting compensation 2,012,500 2,012,500
TOTAL LIABILITIES 3,422,481 3,517,481
Commitments and contingencies
Ordinary shares, subject to possible redemption: 5,750,000 and 5,750,000 shares (at redemption value of $10.36 and $10.22 per share), respectively 59,590,850 58,754,548
Shareholders’ deficit:    
Ordinary shares; no par value; unlimited shares authorized; 1,816,250 shares issued and outstanding 2,755,000 2,755,000
Accumulated deficit (6,394,150) (6,244,236)
Accumulated other comprehensive income 254,794 82,398
Total shareholders’ deficit (3,384,356) (3,406,838)
TOTAL LIABILITIES, TEMPORARY EQUITY AND SHAREHOLDERS’ DEFICIT $ 59,628,975 $ 58,865,191