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Condensed Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash $ 2,359,908 $ 44,963
Due from Sponsor 15,148
Prepaid expenses 48,549
Short-term prepaid insurance 127,500
Total Current Assets 2,551,105 44,963
Deferred offering costs 414,030
Long-term prepaid insurance 121,479
Investments held in Trust Account 116,902,067
TOTAL ASSETS 119,574,651 458,993
Current liabilities    
Accounts payable and accrued expenses 97,351 203,265
Franchise Tax Payable 100,000 1,500
Income taxes payable 19,229
Promissory note – related party 249,560
TOTAL LIABILITIES 216,580 454,325
Commitments and Contingencies
COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION    
Class A common stock subject to possible redemption, 11,500,000 shares at redemption value of $10.16 per share at June 30, 2023 and none at December 31, 2022 116,782,838
STOCKHOLDERS’ EQUITY    
Preferred Stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding
Class A common stock, $0.0001 par value; 100,000,000 shares authorized: 287,500 and 0 issued and outstanding (excluding 11,500,000 and 0 shares subject to possible redemption) at June 30, 2023 and December 31, 2022, respectively (1) [1] 28
Class B common stock, $0.0001 par value; 10,000,000 shares authorized; 2,875,000 issued and outstanding at June 30, 2023 and December 31, 2022(1) [1] 288 288
Additional paid-in capital 2,583,220 24,712
Accumulated deficit (8,303) (20,332)
TOTAL STOCKHOLDERS’ EQUITY 2,575,233 4,668 [2]
TOTAL LIABILITIES, COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION, AND STOCKHOLDERS’ EQUITY $ 119,574,651 $ 458,993
[1] At December 31, 2022, included up to 375,000 shares subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters (see Note 5).
[2] Included up to 375,000 shares subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters (see Note 5).