XML 16 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Unaudited Condensed Consolidated Statement of Cash Flows - USD ($)
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income (loss) $ 686,388 $ (257,324)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of warrant liabilities (820,000) (10,000)
Interest income earned in cash and investments held in trust account (88,906) (1,557)
Change in operating assets and liabilities:    
Decrease in prepayment 50,100
Increase in accrued liabilities and other payable 100,000 102,480
Net cash used in operating activities (122,518) (116,301)
Cash flows from financing activities    
Advances from a related party, net 50,000
Net cash provided by financing activities 50,000
NET CHANGE IN CASH (72,518) (116,301)
Cash, beginning of period 110,643 754,440
Cash, end of period 38,125 638,139
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
Accretion of carrying value to redemption value 836,302
Unrealized holding gains on available-for-sales securities (172,396)
Proceeds of promissory notes deposited in Trust account $ 575,000