Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:    
Net income (loss) $ 722,115 $ (166,644)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account (1,684,555)  
Changes in operating assets and liabilities:    
Prepaid expenses 187,677 (337,927)
Income taxes payable 421,211  
Accrued expenses 110,033 113,686
Net cash used in operating activities (243,519) (390,885)
Cash Flows from Investing Activities:    
Cash withdrawn from Trust Account to pay franchise taxes 32,095  
Investment of cash into Trust Account   (116,725,000)
Net cash provided by (used in) investing activities 32,095 (116,725,000)
Cash Flows from Financing Activities:    
Proceeds from collection of stock subscription receivable from Sponsor   25,000
Proceeds from sale of Units, net of underwriting discounts paid   113,850,000
Proceeds from sale of Private Units   4,615,000
Proceeds from promissory note - related party   200,000
Repayment of promissory note - related party   (200,000)
Payment of offering costs   (475,220)
Net cash provided by financing activities   118,014,780
Net Change in Cash (211,424) 898,895
Cash - Beginning of period 898,895 0
Cash - End of period 687,471 898,895
Non-Cash financing activities:    
Accretion of common stock to redemption amount $ 1,084,374 $ 3,350,220