XML 10 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Cash $ 638,736 $ 75,612
Prepaid expenses 50,000 81,914
Total current assets 688,736 157,526
Deferred finance costs 150,000
Marketable securities held in Trust Account 48,974,196 89,243,362
Total assets 49,812,932 89,400,888
Current liabilities    
Accounts payable and accrued liabilities 1,543,947 395,550
Income tax payable 352,000 221,665
Franchise tax payable 30,000 200,000
Excise tax payable 436,665
Deferred underwriting fee payable 1,800,000  
Total current liabilities 5,677,656 946,215
Warrant liability 2,438,750
Deferred underwriting fee payable 2,587,500
Total for non-current liabilities 2,438,750 2,587,500
Total liabilities 8,116,406 3,533,715
Commitments and Contingencies (Note 6)
Redeemable Common Stock, $0.0001 par value; 4,509,403 and 8,625,000 shares outstanding subject to redemption at $10.78 and $10.32 per share as of September 30, 2023 and December 31, 2022, respectively 48,592,196 89,043,362
Stockholders’ (deficit) equity    
Preferred stock, $0.0001 par value; 1,000,000 authorized shares, 0 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively
Common stock, $0.0001 par value; 100,000,000 authorized shares, 3,006,250 shares issued and outstanding (excluding 4,509,403 and 8,625,000 shares subject to redemption) at September 30, 2023 and December 31, 2022 301 301
Additional paid in capital
Accumulated deficit (6,895,971) (3,176,490)
Total stockholders’ (deficit) equity (6,895,670) (3,176,189)
Total liabilities and stockholders’ (deficit) equity 49,812,932 89,400,888
Related Party    
Current liabilities    
Related party notes payable, net of discount $ 1,515,044 $ 129,000