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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2023 | Dec. 31, 2022
Summary of Significant Accounting Policies |  |
Schedule of reconciliation of common stock subject to possible redemption reflected on balance sheet | ​
​ | ​ | ​ | ​
Gross proceeds |  | $ | 115,000,000
Less: | ​ |  | ​
Proceeds allocated to Public Warrants | ​ |  | (3,565,000)
Issuance costs allocated to Public Shares | ​ |  | (997,733)
Plus: | ​ |  | ​
Accretion of carrying value to redemption value | ​ |  | 6,862,708
Common stock subject to possible redemption as of December 31, 2022 | ​ | $ | 117,299,975
Less: | ​ | ​ | ​
Redemption | ​ | ​ | (109,436,586)
Add: | ​ | ​ | ​
Accretion of carrying value to redemption value | ​ | ​ | 170,661
Common stock subject to possible redemption as of March 31, 2023 | ​ | $ | 8,034,050
Add: | ​ | ​ | ​
Accretion of carrying value to redemption value | ​ | ​ | 95,533
Common stock subject to possible redemption as of June 30, 2023 | ​ | $ | 8,129,583
| ​
​ | ​ | ​ | ​
Gross proceeds |  | $ | 115,000,000
Less: | ​ | ​ | ​
Proceeds allocated to Public Warrants | ​ |  | (3,565,000)
Issuance costs allocated to Public Shares | ​ |  | (997,733)
Plus: | ​ | ​ | ​
Accretion of carrying value to redemption value | ​ |  | 6,862,708
Common stock subject to possible redemption as of December 31, 2022 | ​ | $ | 117,299,975
Schedule of calculation of basic and diluted net income (loss) per ordinary share | The following table reflects the calculation of basic and diluted net income (loss) per ordinary share (in dollars, except per share amounts):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ | ​ | 2023 | ​ | 2022 | ​ | 2023 | ​ | 2022
​ | ​ | Common | ​ | Common | ​ | Common | ​ | Common | ​ | Common | ​ | Common | ​ | Common | ​ | Common
​ | ​ | stock | ​ | stock not | ​ | stock | ​ | stock not | ​ | stock | ​ | stock not | ​ | stock | ​ | stock not
​ | ​ | subject to | ​ | subject to | ​ | subject to | ​ | subject to | ​ | subject to | ​ | subject to | ​ | subject to | ​ | subject to
​ | ​ | possible | ​ | possible | ​ | possible | ​ | possible | ​ | possible | ​ | possible | ​ | possible | ​ | possible
​ |  | redemption |  | redemption |  | redemption |  | redemption |  | redemption |  | redemption |  | redemption |  | redemption
Basic and diluted net loss per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Numerator: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Allocation of net loss | ​ | $ | (63,694) | ​ | $ | (268,843) | ​ | $ | (563,189) | ​ | $ | (159,211) | ​ | $ | (148,930) | ​ | $ | (355,218) | ​ | $ | (1,007,023) | ​ | $ | (305,786)
Denominator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic and diluted weighted average shares outstanding | ​ |  | 770,221 | ​ |  | 3,251,000 | ​ |  | 11,500,000 | ​ |  | 3,251,000 | ​ |  | 1,363,026 | ​ |  | 3,251,000 | ​ |  | 10,610,497 | ​ |  | 3,221,917
Basic and diluted net loss per ordinary share | ​ | $ | (0.08) | ​ | $ | (0.08) | ​ | $ | (0.05) | ​ | $ | (0.05) | ​ | $ | (0.11) | ​ | $ | (0.11) | ​ | $ | (0.09) | ​ | $ | (0.09)
​ | The following table reflects the calculation of basic and diluted net loss per ordinary share (in dollars, except per share amounts): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year Ended December 31, 2022
​ | ​ | Common stock | ​ | Common stock not
​ | ​ | subject to | ​ | subject to possible
Basic and diluted net loss per share: | ​ | possible redemption | ​ | redemption
Numerator: |  | ​ |  |  | ​ |
Allocation of net loss | ​ | $ | (542,232) | ​ | $ | (158,693)
Denominator: | ​ |  |  | ​ |  |
Basic and diluted weighted average shares outstanding | ​ |  | 11,058,904 | ​ |  | 3,236,578
Basic and diluted net loss per ordinary share | ​ | $ | (0.05) | ​ | $ | (0.05)
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the period April 28, 2021 (inception)
​ | ​ | through December 31, 2021
​ |  | Common stock |  | Common stock not
​ | ​ | subject to | ​ | subject to possible
Basic and diluted net loss per share: | ​ | possible redemption | ​ | redemption
Allocation of net loss | ​ | $ | — | ​ | $ | (11,371)
Denominator: | ​ |  |  | ​ |  |
Basic and diluted weighted average shares outstanding | ​ |  | — | ​ |  | 2,500,000
Basic and diluted net loss per ordinary share | ​ | $ | — | ​ | $ | (0.00)
​

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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 -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480244/480-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (27) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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