CONDENSED STATEMENTS OF CASH FLOWS - USD ($) |
3 Months Ended | 6 Months Ended | 12 Months Ended | |
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Jun. 30, 2022 |
Jun. 30, 2022 |
Jun. 30, 2021 |
Dec. 31, 2021 |
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Cash Flows from Operating Activities: | ||||
Net loss | $ (141,072) | $ (90) | ||
Adjustment to reconcile net loss to net cash used in operating activities: | ||||
Interest earned on marketable securities held in Trust Account | $ (150,739) | (170,436) | ||
Changes in operating assets and liabilities: | ||||
Prepaid expenses | 69,903 | |||
Accrued expenses | 48,192 | (453) | ||
Income taxes payable | 17,883 | |||
Net cash used in operating activities | (175,530) | (543) | ||
Cash Flows from Financing Activities: | ||||
Proceeds from collection of stock subscription receivable from Sponsor | 25,000 | |||
Net cash provided by financing activities | 25,000 | |||
Net Change in Cash | (175,530) | 24,457 | ||
Cash - Beginning of period | 898,895 | 0 | $ 0 | |
Cash - End of period | 723,365 | 723,365 | $ 24,457 | $ 898,895 |
Non-cash financing activities: | ||||
Accretion of common stock to redemption amount | $ 72,983 | $ 72,983 |
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- Definition The cash inflow associated with the amount of stock subscription receivable received from sponsor during the period. No definition available.
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- References No definition available.
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- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Value of accretion of temporary equity to its redemption value during the period. No definition available.
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