| Summary of Effects of the Restatements on Financial Statements |
The
table below summarizes the effects of the restatement on the financial statements for all periods being restated:
Summary of Effects of the Restatements on Financial Statements
| | |
As Previously Reported | | |
Adjustments | | |
As Restated | |
| Condensed Balance Sheets as of March 31, 2022 (unaudited) | |
| | | |
| | | |
| | |
| Total Liabilities | |
| 4,257,304 | | |
| 67,202 | | |
| 4,324,506 | |
| Accumulated Deficit | |
| (3,229,151 | ) | |
| (67,202 | ) | |
| (3,296,353 | ) |
| Total Stockholders’ Deficit | |
| (3,225,706 | ) | |
| (67,202 | ) | |
| (3,292,908 | ) |
| | |
| | | |
| | | |
| | |
| Condensed Statement of Changes in Stockholders’ Deficit for the three months ended March 31, 2022 (unaudited) | |
| | | |
| | | |
| | |
| Net loss | |
| (202,261 | ) | |
| 47,368 | | |
| (154,893 | ) |
| Total Stockholders’ Deficit | |
| (3,225,706 | ) | |
| (67,202 | ) | |
| (3,292,908 | ) |
| | |
| | | |
| | | |
| | |
| Condensed Statement of Operations for the three months ended March 31, 2022 (unaudited) | |
| | | |
| | | |
| | |
| Net loss | |
| (202,261 | ) | |
| 47,368 | | |
| (154,893 | ) |
| Change in fair value of warrant liabilities | |
| - | | |
| 47,367 | | |
| 47,367 | |
| Operating expenses: General and administrative | |
| 153,518 | | |
| (1 | ) | |
| 153,517 | |
| | |
| | | |
| | | |
| | |
| Condensed Statement of Cash Flows for the three months ended March 31, 2022 (unaudited) | |
| | | |
| | | |
| | |
| Net loss | |
| (202,261 | ) | |
| 47,368 | | |
| (154,893 | ) |
| Change in fair value of warrant liabilities | |
| - | | |
| (47,367 | ) | |
| (47,367 | ) |
|