Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current Assets    
Cash $ 31,467 $ 760
Prepaid expenses 54,131 815
Total current assets 85,598 1,575
Cash and investments held in Trust Account 16,851,596 16,975,796
Total Assets 16,937,194 16,977,371
Current Liabilities    
Accounts payable 983,423 511,152
Income taxes payable 38,180 38,180
Advances from Sponsor 869,044 802,644
Promissory Note – Related Party 135,000 0
Due to related party, net 0 242,089
Total current liabilities 2,025,647 1,594,065
Warrant liability 1,213,014 1,383,449
Deferred legal fee 6,257,979 5,352,657
Deferred underwriting fee 10,500,000 10,500,000
Total liabilities 19,996,640 18,830,171
Commitments and Contingencies
Class A common stock subject to possible redemption, $0.0001 par value, 1,672,102 shares subject to possible redemption at redemption value of $10.00 per share at March 31, 2023 and December 31, 2022, respectively 16,721,020 16,721,020
Stockholders' deficit:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued or outstanding at March 31, 2023 and December 31, 2022
Additional paid-in capital 493,955 251,866
Accumulated deficit (20,275,171) (18,826,436)
Total stockholders' deficit (19,780,466) (18,573,820)
Total liabilities, Class A common stock subject to possible redemption and stockholders' deficit 16,937,194 16,977,371
Common Class A [Member]    
Current Liabilities    
Class A common stock subject to possible redemption, $0.0001 par value, 1,672,102 shares subject to possible redemption at redemption value of $10.00 per share at March 31, 2023 and December 31, 2022, respectively 16,721,020 16,721,020
Stockholders' deficit:    
Common stock value
Common Class B [Member]    
Stockholders' deficit:    
Common stock value $ 750 $ 750