SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Schedule Of Cash And Cash Equivalents

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed balance sheets that sum to the total of the same amounts shown in the statements of cash flows.

	June 30, 2023		December 31, 2022
	(Unaudited)
Cash	$	38,548	$	1,343,809
Cash equivalents		810,827		—
Restricted cash		—		22,468,765
Total Cash	$	849,375	$	23,812,574

Class A Common Stock Subject to Possible Redemption

As of June 30, 2023 and December 31, 2022, the Class A common stock subject to possible redemption reflected in the unaudited condensed financial statements is reconciled in the following table:

Gross proceeds	$	180,415,000
Less:
Proceeds allocated to Public Warrants		(8,569,713	)
Issuance costs allocated to Class A common stock		(14,638,901	)
Plus:
Initial accretion of carrying value to redemption value		25,012,764
Subsequent accretion of carrying value to redemption value as of December 31, 2021		29,687
Class A common stock subject to possible redemption as of December 31, 2021		182,248,837
Subsequent accretion of carrying value to redemption value as of December 31, 2022		2,177,762
Stockholder redemption of 16,737,241 shares at $10.10 per share plus realized gains		(171,094,002	)
Class A common stock subject to possible redemption as of December 31, 2022		13,332,597
Subsequent accretion of carrying value to redemption value as of March 31, 2023		141,323
Class A common stock subject to possible redemption as of March 31, 2023		13,473,920
Subsequent accretion of carrying value to redemption value as of June 30, 2023		160,482
Class A common stock subject to possible redemption as of June 30, 2023	$	13,634,402

The following tables reflect the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts):

The following tables reflect the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts):

	For the three months ended June 30, 2023			For the three months ended June 30, 2022			For the six months ended June 30, 2023			For the six months ended June 30, 2022
Net income	$	199,685		$	2,525,557		$	208,852		$	4,197,211
Accretion of Class A common stock to redemption amount		(160,482	)		(230,598	)		(301,805	)		(302,089	)
Gain on waiver of deferred underwriting commissions by underwriter		6,014,585			—			6,014,585			—
Net income (loss) including accretion of temporary equity to redemption value and gain on waiver of deferred underwriting commissions by underwriter	$	6,053,788		$	2,294,959		$	5,921,632		$	3,895,122

	For the Three Months Ended June 30,									For the Six Months Ended June 30,
	2023					2022				2023					2022
Basic and diluted net income (loss) per share:	Class A			Class B		Class A		Class B		Class A			Class B		Class A		Class B
Numerator:
Net income (loss) including accretion of temporary equity to redemption value and gain on waiver of deferred underwriting commissions by underwriter	$	1,357,903		$	4,695,885	$	1,835,967	$	458,992	$	1,328,259		$	4,593,373	$	3,116,098	$	779,024
Accretion of Class A common stock to redemption amount		160,482			—		230,598		—		301,805			—		302,089		—
Gain on waiver of deferred underwriting commissions by underwriter		(6,014,585	)		—		—		—		(6,014,585	)		—		—		—
Net income (loss)	$	(4,496,200	)	$	4,695,885	$	2,066,565	$	458,992	$	(4,384,521)			4,593,373	$	3,418,187	$	779,024
Denominator:
Weighted Average Common Stock		1,304,259			4,510,375		18,041,500		4,510,375		1,304,259			4,510,375		18,041,500		4,510,375
Basic and diluted net income (loss) per common share	$	(3.45	)	$	1.04	$	0.11	$	0.10	$	(3.36	)	$	1.02	$	0.19	$	0.17