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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Taxes  
Schedule of components of income tax provision

The income tax provision (benefit) consists of the following for the year ended December 31, 2021 and for the period from August 21, 2020 (inception) through December 31, 2020:

    

December 31, 2021

    

December 31, 2020

Current

 

  

 

  

Federal

$

$

State

 

 

Deferred

 

  

 

  

Federal

 

(342,916)

 

(49,331)

State

 

(45,602)

 

(8,277)

Change in Valuation allowance

 

388,518

 

57,608

Income tax provision

$

$

Schedule of Company's net deferred tax assets

The Company’s net deferred tax assets for the year ended December 31, 2021 and for the period from August 21, 2020 (inception) through December 31, 2020:

    

December 31, 2021

    

December 31, 2020

Deferred tax assets:

 

  

 

  

Net operating loss carryover

$

51,528

$

14,167

Start-up/Organization costs

 

394,598

 

43,441

Total deferred tax assets

 

446,125

 

57,608

Valuation allowance

 

(446,125)

 

(57,608)

Deferred tax asset, net of allowance

$

$

Schedule of reconciliation of the statutory federal income tax rate to the Company's effective tax rate

A reconciliation of the statutory federal income tax rate (benefit) to the Company’s effective tax rate (benefit) is as follows for the year ended December 31, 2021 and for the period from August 21, 2020 (inception) through December 31, 2020:

    

December 31, 2021

    

December 31, 2020

 

Statutory Federal income tax rate

 

21.0

%  

21.0

%

State tax rate, net of federal benefit

 

2.8

%  

3.5

%

Change in fair value of warrant liabilities and related financing costs

 

(28.1)

%  

(18.9)

%

Change in Valuation Allowance

 

4.3

%  

(5.6)

%

Income Taxes Benefit

 

0.00

%  

0.00

%