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INCOME TAX (Tables)
12 Months Ended
Dec. 31, 2022
INCOME TAX  
Schedule of significant components of the Company's deferred tax assets

    

December 31, 

    

December 31, 

2022

    

2021

Deferred tax assets

 

  

 

  

Net operating loss carryforward

$

$

25,360

Startup Costs

 

1,231,442

 

364,454

Unrealized gain/loss - Trust

(588,900)

Total deferred tax assets

 

642,542

 

389,814

Valuation allowance

 

(1,231,441)

 

(389,814)

Deferred tax assets, net of allowance

$

(588,899)

$

Schedule of income tax provision

    

December 31, 

December 31, 

    

2022

    

2021

Federal

 

  

 

  

Current

$

230,537

$

Deferred

 

(119,370)

 

(389,814)

State

 

 

Current

$

63,893

$

Deferred

 

(133,358)

 

Change in valuation allowance

 

841,627

 

389,814

Provision for income taxes

$

883,329

$

Schedule of reconciliation of the total income tax provision tax rate to the statutory federal income tax rate

    

December 31, 

 

    

2022

    

2021

 

Statutory federal income tax rate

 

21.0

%  

21.0

%

State taxes, net of federal tax benefit

5.5

%

0.0

%

State tax credit

(0.1)

%

0.0

%

Deferred tax liability change in rate

(0.9)

%

0.0

%

Acquisition facilitative expenses

0.5

%

0.0

%

Penalties and interest

0.0

%

0.0

%

Offering costs

 

0.0

%  

1.7

%

Change in fair value of warrant liability

 

(16.4)

%  

(27.4)

%

Reduction in deferred underwriting fee

(9.2)

%

0.0

%

Valuation allowance

 

7.7

%  

4.7

%

Income tax provision

 

8.1

%  

0.0

%