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RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS
6 Months Ended
Jun. 30, 2023
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS [Abstract]  
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS
NOTE 2 - RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS


This Amendment includes adjustments that had been made to the Company’s financial statements to account for operating expenses for the quarterly period ended June 30, 2022, specifically expenses for directors and officers liability insurance, that were not included in the Company’s Original Filing.
The following tables summarize the effect of the previous restatement on each financial statement line item as of the dates, and for the period, indicated:

   
As previously reported
   
Adjustments
   
As restated
 
Statement of changes in stockholders’ deficit for the six months ended June 30, 2022
                 
Net loss
   
(905,058
)
   
282,008
     
(623,050
)
Accumulated Deficit - June 30, 2022
   
(7,292,517
)
   
282,008
     
(7,010,509
)
Total Stockholders’ Deficit
   
(7,291,827
)
   
282,008
     
(7,009,819
)
                         
Statement of operations for the three months ended June 30, 2022
                       
Formation and operating cost
   
619,518
     
(120,089
)
   
499,429
 
Operating loss
   
619,518
     
(120,089
)
   
499,429
 
Loss before income tax
   
(246,370
)
   
120,089
     
(126,281
)
Net loss
   
(276,230
)
   
120,089
     
(156,141
)
Class A common stock - basic and diluted net loss per share
   
(0.01
)
   
0.01
     

 
Class B common stock - basic and diluted net loss per share
   
(0.01
)
   
0.01
     

 
                         
Statement of operations for the six months ended June 30, 2022
                       
Formation and operating cost
   
1,275,111
     
(282,008
)
   
993,103
 
Operating loss
   
1,275,111
     
(282,008
)
   
993,103
 
Loss before income tax
   
(875,197
)
   
282,008
     
(593,189
)
Net loss
   
(905,058
)
   
282,008
     
(623,050
)
Class A common stock - basic and diluted net loss per share
   
(0.03
)
   
0.01
     
(0.02
)
Class B common stock - basic and diluted net loss per share
   
(0.03
)
   
0.01
     
(0.02
)
                         
Statement of cash flows for the six months ended June 30, 2022
                       
Net loss
   
(905,058
)
   
282,008
     
(623,050
)
Change in prepaid expenses
   
534,070
     
(282,008
)
   
252,062