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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current Assets    
Cash $ 225,474 $ 407,250
Prepaid expenses 143,798 232,458
Total current assets 369,272 639,708
Cash held in Trust Account 10,576,179 10,297,411
Total Assets 10,945,451 10,937,119
Current Liabilities    
Accrued offering costs and expenses 997,805 988,960
Working capital loans - related party 500,000 500,000
Convertible promissory note - related party 1,265,000 1,265,000
Other current liability - Advance from target 699,167 449,167
Income taxes payable 270,080 253,660
Total current liabilities 3,732,052 3,456,787
Warrant liabilities 941,401 1,220,120
Deferred underwriting fee 4,554,000 4,554,000
Total Liabilities 9,227,453 9,230,907
Commitments and Contingencies
Class A common stock subject to possible redemption, $0.0001 par value; 958,897 shares at redemption value, $10.82 and $10.43 per share as of March 31, 2023 and December 31, 2022, respectively. 10,373,845 9,997,947
Stockholders’ Deficit    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Class A common stock, $0.0001 par value; 100,000,000 shares authorized; 158,125 issued and outstanding as of March 31, 2023 and December 31, 2022 (excluding 958,897 shares subject to possible redemption) 16 16
Class B common stock, $0.0001 par value; 20,000,000 shares authorized; 3,162,500 shares issued and outstanding as of March 31, 2023 and December 31, 2022 316 316
Additional paid-in capital
Accumulated deficit (8,656,179) (8,292,067)
Total Stockholders’ Deficit (8,655,847) (8,291,735)
Total Liabilities, Redeemable Common Stock and Stockholders’ Deficit $ 10,945,451 $ 10,937,119