v3.22.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of income tax provision (benefit)
The income tax provision (benefit) consists of the following for year ended December 31, 2021 and for the period from June 22, 2020 (inception) through December 31, 2020:
 
    
For the Year Ended
December 31, 2021
    
For the Period from June

22, 2020 (Inception)
through December 31,
2020
 
 
 
Current
                 
Federal
   $ (24,709    $ (19,444
State
     —          —    
Deferred
                 
Federal
     (462,887      (53,126
State
     —          —    
Valuation allowance
     487,596        72,570  
    
 
 
    
 
 
 
Income tax provision
   $ —        $ —    
    
 
 
    
 
 
 
 
Schedule of Company's net deferred tax assets
The Company’s net deferred tax assets are as follows as of December 31, 2021 and 2020:
 
    
As of December 31,
 
    
2021
    
2020
 
Deferred tax assets:
                 
Start-up/Organization
costs
   $ 516,013      $ 53,126  
Net operating loss carryforwards
     44,153        19,444  
    
 
 
    
 
 
 
Total deferred tax assets
     560,166        72,570  
Valuation allowance
     (560,166      (72,570
    
 
 
    
 
 
 
Deferred tax asset, net of allowance
   $ —        $ —    
    
 
 
    
 
 
 
Schedule of reconciliation of the statutory federal income tax rate (benefit)
A reconciliation of the statutory federal income tax rate (benefit) to the Company’s effective tax rate (benefit) is as follows:
 
    
For the Year Ended
December 31, 2021
   
For the Period
from June 22, 2020
(Inception) through
December 31, 2020
 
Statutory federal income tax rate
     21.0     21.0
Change in fair value of derivative warrant liabilities
     (54.1 )%      (25.8 )% 
Offering costs associated with derivative warrant liabilities
     0.0     1.7
Change in valuation allowance
     33.1     3.1
    
 
 
   
 
 
 
Income tax expenses (benefit)
     0.0     0.0