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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2022
FAIR VALUE MEASUREMENTS  
Schedule of fair value assets and liabilities measured on recurring basis

Description

 

Level

 

 

December 31,

2022

 

 

December 31,

2021

 

Assets:

 

 

 

 

 

 

 

 

 

Marketable securities held in Trust Account

 

 

1

 

 

$7,613,762

 

 

$106,116,023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Warrant Liability – Public Warrants

 

 

3

 

 

 

110,182

 

 

 

3,036,301

 

Warrant Liability – Private Warrants

 

 

3

 

 

 

101,432

 

 

 

2,262,941

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commitments and Contingencies:

 

 

 

 

 

 

 

 

 

 

 

 

Class A Common Stock

 

 

 

 

 

 

7,497,311

 

 

 

106,112,020

 

Schedule of changes in the fair value of warrant liabilities

 

 

Private Placement

 

 

Public

 

 

Warrant Liabilities

 

Fair value as of January 1, 2021

 

$

 

 

$

 

 

$

 

Initial measurement on March 19, 2021

 

 

3,610,000

 

 

 

4,700,000

 

 

 

8,310,000

 

Change in valuation inputs or other assumptions

 

 

(1,347,059 )

 

 

(1,663,699 )

 

 

(3,010,758 )

Fair value as of December 31, 2021

 

 

2,262,941

 

 

 

3,036,301

 

 

 

5,299,242

 

 

 

 

Private

Placement

 

 

Public

 

 

Warrant

Liabilities

 

Fair value as of January 1, 2022

 

$2,262,941

 

 

$3,036,301

 

 

$5,299,242

 

Change in valuation inputs or other assumptions

 

 

(2,161,510 )

 

 

(2,926,119 )

 

 

(5,087,629 )

Fair value as of December 31, 2022

 

 

101,431

 

 

 

110,182

 

 

 

211,613