Registration of securities issued in business combination transactions

STATEMENTS OF CASH FLOWS

v3.24.0.1
STATEMENTS OF CASH FLOWS
12 Months Ended
Dec. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income (loss) $ (166,644)
Changes in operating assets and liabilities:  
Prepaid expenses (337,927)
Accrued expenses 113,686
Net cash used in operating activities (390,885)
Cash Flows from Investing Activities:  
Investment of cash into Trust Account (116,725,000)
Net cash provided by investing activities (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 used in financing activities 118,014,780
Net Change in Cash 898,895
Cash - Beginning of period 0
Cash - End of period 898,895
Non-cash financing activities:  
Accretion of common stock to redemption amount $ (3,350,220)