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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current Assets    
Cash $ 391,602 $ 235,864
Prepaid expenses 14,511 84,486
Other receivable 10,850
Total Current Assets 406,113 331,200
Investments held in Trust Account 118,558,173 116,651,461
Total Assets 118,964,286 116,982,661
Current Liabilities    
Accrued expenses 1,034,360 632,531
Franchise tax payable 39,945 186,180
Income tax payable 564,484 309,931
Deferred credit - term extension fee funded by acquisition target company 575,100
Promissory notes - related party 825,000 (0)
Total Current Liabilities 3,038,889 1,128,642
Deferred underwriting fee payable 4,025,000 4,025,000
Total Liabilities 7,063,889 5,153,642
Common stock subject to possible redemption, 11,500,000 shares at redemption value of $10.31 and $10.14 per share as of March 31, 2023 and December 31, 2022, respectively 118,558,173 116,651,461
Stockholders’ Deficit    
Common stock, $0.0001 par value; 50,000,000 shares authorized; 3,218,499 shares issued and outstanding (excluding 11,500,000 shares subject to possible redemption) 321 321
Accumulated deficit (6,658,097) (4,822,763)
Total Stockholders’ Deficit (6,657,776) (4,822,442)
Total Liabilities, Redeemable Common Stock, and Stockholders’ Deficit $ 118,964,286 $ 116,982,661