RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

6 Months Ended

Jun. 30, 2022

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

NOTE 2 — RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

Following the filing of the Company’s Form 10-Q containing its unaudited condensed financial statements as of June 30, 2022, management identified clerical errors in its unaudited condensed balance sheet as of June 30, 2022 and in its unaudited condensed statements of changes in stockholders’ deficit for the three and six month periods ended June 30, 2022.

The impact of the restatement on the Company’s unaudited condensed financial statements is reflected in the following tables:

	As of June 30, 2022
	As Previously
Unaudited Condensed Balance Sheet	Reported		Adjustment		As Restated
Accrued offering costs	$	253,558	$	162,349	$	415,907
Due to related parties		141,058		112,500		253,558

	For the three and six month periods ended June 30, 2022
	As Previously
Unaudited Condensed Statements of Changes in Stockholders’ Deficit	Reported		Adjustment		As Revised
Balance as of June 30, 2022	$	(7,871,363)	$	575	$	(7,870,788)