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INCOME TAX (Tables)
12 Months Ended
Jun. 30, 2021
INCOME TAX  
Schedule of income tax provision

    

June 30, 

   

2021

   

2020

Federal

Current

$

$

Deferred

(117,904)

(210)

State

Current

$

$

Deferred

Change in valuation allowance

117,904

210

Income tax provision

$

$

Schedule of reconciliation of the total income tax provision tax rate to the statutory federal income tax rate

June 30,

 

   

2021

   

2020

 

Statutory federal income tax rate

21.0

%

21.0

%

State taxes, net of federal tax benefit

0.0

%

0.0

%

Change in valuation allowance

(21.0)

%

(21.0)

%

Income tax provision

0.0

%

0.0

%

Summary of significant components of the Company's deferred tax assets

    

June 30, 

    

2021

    

2020

Deferred tax asset

 

  

Net operating loss carryforward

$

6,802

$

210

Startup/Organization Expenses

 

111,312

 

Total deferred tax asset

118,114

210

Valuation allowance

 

(118,114)

 

(210)

Deferred tax asset, net of allowance

$

$