INCOME TAX (Tables)

12 Months Ended

Dec. 31, 2021

INCOME TAX [Abstract]

Net Deferred Tax Assets

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

	December 31, 2021			December 31, 2020
Deferred tax asset
Net operating loss carryforward	$	37,304		$	362
Startup/Organization Expenses		608,832			—
Total deferred tax asset		646,136			362
Valuation allowance		(646,136	)		(362	)
Deferred tax asset, net of allowance	$	—		$	—

Income Tax Provision

The income tax provision consists of the following:

	Year ended December 31, 2021			For the Period from November 5, 2020 (Inception) through December 31, 2020
Federal
Current	$	—		$	—
Deferred		(645,774	)		(362	)
State
Current		—			—
Deferred		—			—
Change in valuation allowance		645,774			362
Income tax provision	$	—		$	—

Reconciliation of Federal Income Tax Rate

A reconciliation of the federal income tax rate to the Company’s effective tax rate at December 31, 2020 is as follows:

	December 31, 2021			December 31, 2020
Statutory federal income tax rate		21.00	%		21.00	%
State taxes, net of federal tax benefit		0.00	%		0.00	%
Change in fair value of warrant liabilities		(37.60	)%		0.00	%
Transaction costs allocable to warrant liabilities		3.30	%		0.00	%
Change in valuation allowance		13.30	%		(21.00	)%
Income tax provision		0.00	%		0.00	%