XML 20 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current Assets    
Cash $ 172,441 $ 254,523
Prepaid expense 30,000 7,499
Prepaid insurance-current portion 175,000 175,000
Total current assets 377,441 437,022
Noncurrent Assets    
Prepaid insurance-noncurrent portion 87,500
Deferred offering costs 201,405
Investments held in Trust Account 118,450,000 117,321,508
Total assets 119,028,846 117,846,030
Current liabilities    
Accounts payable and accrued expenses 2,074,027 306,792
Income tax payable 13,526
Franchise tax payable 100,000 168,767
Total current liabilities 2,187,553 475,559
Noncurrent liabilities    
Warrant liabilities 1,394,453 2,826,876
Advance from sponsor 1,150,000
Forward purchase option derivative liability 795,942
Deferred underwriter fee payable 4,025,000 4,025,000
Total liabilities 9,552,948 7,327,435
Commitments and Contingencies (Note 6)
Class A common stock subject to possible redemption; 11,500,000 shares at redemption value of $10.20 79,259,819 117,300,000
Stockholders’ Deficit    
Preferred stock, $0.0001 par value; 1,250,000 shares authorized; none issued and outstanding
Additional paid in capital 38,039,801
Accumulated deficit (7,824,443) (6,781,746)
Total stockholders’ deficit 30,216,079 (6,781,405)
Total liabilities and stockholders’ deficit 119,028,846 117,846,030
Common Class A [Member]    
Stockholders’ Deficit    
Class B common stock, $0.0001 par value; 12,500,000 shares authorized; 2,875,000 issued and outstanding 433 53
Common Class B [Member]    
Stockholders’ Deficit    
Class B common stock, $0.0001 par value; 12,500,000 shares authorized; 2,875,000 issued and outstanding $ 288 $ 288