CASH AND INVESTMENT HELD IN TRUST ACCOUNT

3 Months Ended

Mar. 31, 2022

Cash And Investment Held In Trust Account

CASH AND INVESTMENT HELD IN TRUST ACCOUNT

NOTE 3 — CASH AND INVESTMENT HELD IN TRUST ACCOUNT

As of March 31, 2022, investment securities in the Company’s Trust Account consisted of $46,779,664 in United States Treasury Bills and $0 in cash. As of December 31, 2021, investment securities in the Company’s Trust Account consisted of $46,469,183 in United States Treasury Bills and $0 in cash. The Company classifies its United States Treasury securities as available-for-sale. Available-for-sale marketable securities are recorded at their estimated fair value on the accompanying March 31, 2022 consolidated balance sheet. The carrying value, including gross unrealized holding gain as other comprehensive income and fair value of held to marketable securities on March 31, 2022 and December 31, 2021 are as follows:

	Carrying Value as of March 31, 2022		Gross Unrealized Holding loss		Fair Value as of March 31, 2022
	(Unaudited)		(Unaudited)		(Unaudited)
Available-for-sale marketable securities
U.S. Treasury Securities	$	46,779,664	$	-	$	46,779,664

	Carrying Value as of December 31, 2021		Gross Unrealized Holding loss		Fair Value as of December 31, 2021
Available-for-sale marketable securities
U.S. Treasury Securities	$	46,469,183	$	-	$	46,469,183