XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash $ 10,518 $ 568,355
Prepaid expenses 281,746 325,696
Total Current Assets 292,264 894,051
Marketable securities held in Trust Account 10,453,981 10,325,848
TOTAL ASSETS 10,746,245 11,219,899
Current liabilities    
Accounts payable and accrued expenses 421,079 567,819
Income taxes payable 31,918 638,962
Excise taxes payable 25,151 0
Redemptions payable 2,515,240 0
Total Current Liabilities 2,993,388 1,206,781
Deferred legal fees 2,594,023 192,196
Working capital loan – related party 1,585,000 200,000
Warrant liability 22,750 16,380
Deferred underwriting fee payable 15,000,000 15,000,000
Total Liabilities 22,195,161 16,615,357
Commitments and Contingencies (Note 6)
Class A common stock subject to possible redemption, $0.0001 par value; 200,000,000 shares authorized; 766,064 and 1,010,391 shares at $10.37 and $10.28 per share redemption value as of June 30, 2023, and December 31, 2022, respectively 7,944,359 10,389,781
Stockholders' Deficit    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, none issued and outstanding
Additional paid-in capital 0 0
Accumulated deficit (19,394,396) (15,786,360)
Total Stockholders' Deficit (19,393,275) (15,785,239)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 10,746,245 11,219,899
Common Stock Class A [Member]    
Current liabilities    
Class A common stock subject to possible redemption, $0.0001 par value; 200,000,000 shares authorized; 766,064 and 1,010,391 shares at $10.37 and $10.28 per share redemption value as of June 30, 2023, and December 31, 2022, respectively 7,944,359 10,389,781
Stockholders' Deficit    
Common stock, value 491 91
Common Stock Class B [Member]    
Stockholders' Deficit    
Common stock, value $ 630 $ 1,030