v3.22.2.2
Consolidated Statement of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (286,103) $ (819,366)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of warrant liabilities 100,000 (30,000)
Interest income earned in cash and investments held in trust account (19,333) (2,817)
Gain on extinguishment of liabilities due to termination of promissory note (575,000)
Change in operating assets and liabilities:    
(Increase) decrease in prepayment 134,139 (134,139)
Increase in accrued liabilities and other payable 2,500 71,090
Net cash used in operating activities (643,797) (915,232)
Cash flows from investing activities    
Proceeds deposited in Trust Account (57,500,000)
Net cash used in investing activities (57,500,000)
Cash flows from financing activities    
Proceeds from sale of unit purchase option 100
Proceeds from public offering, net of offering expenses 55,662,806
Proceeds from private placements 3,500,000
Repayments to a related party, net (69,551)
Net cash provided by financing activities   59,093,355
NET CHANGE IN CASH (643,797) 678,123
Cash, beginning of year 754,440 76,317
Cash, end of year 110,643 754,440
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
Initial classification of ordinary shares subject to possible redemption 56,818,181
Allocation of offering costs to ordinary shares subject to possible redemption 3,804,045
Accretion of carrying value to redemption value (1,254,548) (4,485,864)
Accrued underwriting compensation 2,012,500
Unrealized holding gain (loss) on available-for-sales securities 82,398 (3,666)
Initial recognition of warrant liabilities 770,000
Proceeds of promissory notes deposited in Trust Account $ 1,150,000