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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2023

Dec. 31, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Class A Common Stock reflected on the condensed consolidated balance sheet are reconciled

​

​	​	​	​	​	​	​
​	​	For the Three
​	​	Months Ended
​	​	March 31,
​	​	2023		​	2022
Contingently redeemable Class A Common Stock – Opening Balance	​	$	28,750,110	​	$	117,300,000
Plus:	​		​	​	​	​
Re-measurement of carrying value to redemption value	​		583,570	​	​	—
Contingently redeemable Class A Common Stock - Ending Balance	​		29,333,680	​	​	117,300,000

​

​	​	​	​	​	​	​
​		December 31,2022		​	December 31, 2021
Contingently redeemable Class A Common Stock- Opening Balance	​	$	117,300,000	​	$	—
Gross Proceeds	​	​	—	​	​	115,000,000
Less:	​	​	​	​
Proceeds allocated to public warrants and private warrants	​	​	—	​		(10,614,500)
Issuance costs related to Class A Common Stock	​	​	—	​		(6,146,054)
Redemption of Class A Common Stock, including interest	​	​	(91,909,483)	​	​	—
Plus:	​	​	​	​
Re-measurement of carrying value to redemption value	​	​	3,359,593	​		19,060,554
Contingently redeemable Class A Common Stock- Ending Balance	​	​	28,750,110	​		117,300,000

Schedule of basic and diluted net income per common share

​

​	​	​	​	​	​	​
​	​	For the Three Months Ended
​	​	March 31,
​		2023			2022
Redeemable Class A common shares		​		​	​	​
Numerator:		​	​	​	​	​
Net income (loss) allocable to common stock subject to possible redemption	​	$	(54,958)	​	$	1,687,692
​	​	​	​	​	​	​
Denominator: weighted average number of redeemable common share	​		4,838,792	​	​	11,500,000
Basic and diluted net income (loss) per redeemable common share	​	$	(0.01)	​	$	0.15
​	​	​	​	​	​	​
Non-redeemable Class A and Class B common shares	​		​	​		​
Numerator:	​	​	​	​	​	​
Net income (loss) allocable to common stock not subject to redemption	​	$	(31,025)	​	$	507,816
​	​	​	​	​	​	​
Denominator: weighted average number of non-redeemable common shares	​	​	2,731,544	​	​	3,460,275
Basic and diluted net income (loss) per non-redeemable common share	​	$	(0.01)	​	$	0.15

​

​	​	​	​	​	​	​
​	​	​		​	For the period of
​	​	​		​	February 8, 2021
​	​	For the year ended		​	(inception)
​	​	December 31,		​	Through
​		2022			December 31, 2021
Redeemable Class A common shares	​	​
Numerator:		​		​
Net income allocable to common stock subject to possible redemption	​	$	240,532	​	$	3,671,658
Denominator: weighted average number of redeemable common share	​		8,667,969	​		8,264,526
Basic and diluted net income per redeemable common share	​	$	0.03	​	$	0.44
Non-redeemable Class A and Class B common shares	​		​	​
Numerator:	​		​	​
Net income allocable to common stock not subject to redemption	​	$	96,126	​	$	1,464,132
Denominator: weighted average number of non-redeemable common shares	​		3,464,052	​		3,295,610
Basic and diluted net income per non-redeemable common share	​	$	0.03	​	$	0.44

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (27)
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 480
-SubTopic 10
-Section S99
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=122040564&loc=d3e177068-122764

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