XML 29 R18.htm IDEA: XBRL DOCUMENT v3.24.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
SCHEDULE OF NET INCOME (LOSS) PER SHARE

The net income (loss) per share presented in the statement of operations is based on the following:

 

Numerators:                                        
  

For the

three months
ended

September 30, 2022

  

For the

three months
ended

September 30, 2021

  

For the

nine months
ended

September 30, 2022

  

For the

Period ended from

May 5, 2021

(inception) to

September 30, 2021

 
Basic and Diluted net income (loss) per share: 

Non-redeemable

shares

  

Redeemable

shares

  

Non-redeemable

shares

  

Redeemable

shares

  

Non-redeemable

shares

  

Redeemable

shares

  

Non-redeemable

shares

  

Redeemable

shares

 
Numerators:                                        
Allocation of net losses  $(23,998)  $(86,106)  $(3,900)  $-   $(5,554,424)  $(13,548,017)  $(15,650)  $- 
Accretion of temporary equity   -    -    -    -    -    18,820,172    -    - 
Accretion of temporary equity - interest   -    519,917    -    -    -    680,827    -    - 
Allocation of net income (loss)  $(23,998)  $433,811   $(3,900)  $-   $(5,554,424)  $5,952,982   $(15,650)  $- 
                                         
Denominators:                                        
Weighted-average shares outstanding   3,205,000    11,500,000    2,875,000    -    3,091,374    7,540,293    2,875,000    - 
Basic and diluted net income (loss) per share  $(0.01)  $0.04   $(0.00)  $-   $(1.80)  $0.79   $(0.01)  $-