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Cash and Investment Held in Trust Account
12 Months Ended
Dec. 31, 2021
Cash And Investment Held In Trust Account [Abstract]  
CASH AND INVESTMENT HELD IN TRUST ACCOUNT

NOTE 3 – CASH AND INVESTMENT HELD IN TRUST ACCOUNT

 

As of December 31, 2021, investment securities in the Company’s Trust Account consisted of $46,922,878 in United States Treasury Bills and $52 in cash.   As of December 31, 2020, no investment securities or cash held in the Company’s Trust Account. The Company classifies its United States Treasury securities as available-for-sale. Available-for-sale marketable securities are recorded at their estimated fair value on the accompanying December 31, 2021 balance sheet. The carrying value, including gross unrealized holding gain as other comprehensive income and fair value of held to marketable securities on December 31, 2021 is as follows:

 

   Carrying
Value as of
December 31,
2021
   Gross
Unrealized
Holding
Gain
   Fair Value as of
December 31,
2021
 
Available-for-sale marketable securities:           
U.S. Treasury Securities  $46,922,878   $
      -
   $46,922,878