v3.22.2.2
Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash in escrow account $ 636,216 $ 812,232
Prepaid expenses-current 245,080 217,461
Total current assets 881,296 1,029,693
Prepaid expenses-non current 148,946 202,567
Investments held in Trust Account 116,726,356 116,725,099
TOTAL ASSETS 117,756,598 117,957,359
CURRENT LIABILITIES    
Accounts payable 61,049 139,550
Franchise tax payable 134,254 84,254
Due to affiliate 37,000 7,000
Total current liabilities 232,303 230,804
Derivative warrant liabilities (restated, see Note 2) 67,203 114,570
Deferred underwriting fee payable 4,025,000 4,025,000
Total liabilities 4,324,506 4,370,374
REDEEMABLE COMMON STOCK    
Common stock subject to possible redemption, $0.001 par value, 11,500,000 shares at redemption value of $10.15 per share, respectively. 116,725,000 116,725,000
STOCKHOLDERS’ DEFICIT    
Common Stock; $0.001 par value; 500,000,000 shares authorized; 3,445,000 shares issued and outstanding (excluding 11,500,000 shares subject to possible redemption). 3,445 3,445
Additional paid-in capital
Accumulated deficit (restated, see Note 2) (3,296,353) (3,141,460)
Total stockholders’ deficit (3,292,908) (3,138,015)
LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS’ DEFICIT $ 117,756,598 $ 117,957,359