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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)