v3.22.2.2
Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Schedule of consolidated financial statements reflect the activities of the company
Name   Background   Ownership
CVS X Limited (“CVSX”)   A Cayman Island company Incorporated on May 11, 2021   100% Owned by Goldenbridge
Smart CVS Limited (“SCL”)   A Cayman Island company Incorporated on May 21, 2021   100% Owned by CVSX
SunCar Technology Group Inc. (formerly known as AgiiPlus Global Inc.) (“PubCo”)   A Cayman Island company Incorporated on August 6, 2021   100% Owned by Goldenbridge
SunCar Technology Global Inc. (formerly known as AgiiPlus Corporation Inc.) (“Merger Sub”)   A Cayman Island company Incorporated on August 25, 2021   100% Owned by PubCo

 

Schedule of condensed statements of operations
   Years Ended June 30, 
   2022   2021 
Net loss  $(286,103)  $(819,366)
Accretion of carrying value to redemption value   (1,254,548)   (4,485,864)
  

$

(1,540,651) 

$

(5,305,230)

 

Schedule of basic and diluted net loss per share
   Years Ended June 30, 
   2022   2021 
  

Redeemable

Ordinary shares

  

Non-Redeemable

Ordinary shares

  

Redeemable

Ordinary shares

  

Non-Redeemable

Ordinary shares

 
Basic and diluted net loss per share:                
Numerators:                
Allocation of net loss including carrying value to redemption value  $(1,170,823)  $(369,828)  $(2,877,607)  $(2,427,623)
Accretion of carrying value to redemption value   1,254,548    
-
    4,485,864    
-
 
Allocation of net income (loss)  $83,725   $(369,828)  $1,608,257   $(2,427,623)
Denominators:                    
Weighted-average shares outstanding   5,750,000    1,816,250    1,843,579    1,555,290 
Basic and diluted net income (loss) per share  $0.01   $(0.20)  $0.87   $(1.56)