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Basis of Presentation and Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
Schedule of financial statements of adjustments restatement
Balance sheet as of March 31, 2021 (unaudited)  As Previously Reported  

 

Adjustments

  

 

As Restated

 
Total assets  $115,725,964        $115,725,964 
Total liabilities  $10,894,008        $10,894,008 
Class A common stock subject to possible redemption   99,831,950    15,168,050    115,000,000 
Preferred stock   
-
    
-
    
-
 
Class A common stock   152    (152)   
-
 
Class B common stock   288    
-
    288 
Additional paid-in capital   7,233,231    (7,233,231)   - 
Accumulated deficit   (2,233,665)   (7,934,667)   (10,168,332)
Total stockholders’ equity (deficit)  $5,000,006   $(15,168,050)  $(10,168,044)
Total Liabilities, Class A Common Stock Subject to Possible Redemption and Stockholders’ Equity (Deficit)  $115,725,964   $-   $115,725,964 

 

   As Previously
Reported
   Adjustments   As Restated 
Supplemental Disclosure of Noncash Financing Activities:               
Change in value of Class A common stock subject to possible redemption  $1,989,870   $(1,989,870)  $
          -
 

 

Balance sheet as of June 30, 2021 (unaudited)  As Previously Reported  

 

Adjustments

  

 

As Restated

 
Total assets  $115,464,516        $115,464,516 
Total liabilities  $13,675,127        $13,675,127 
Class A common stock subject to possible redemption   96,789,380    18,210,620    115,000,000 
Preferred stock   
-
    
-
    
-
 
Class A common stock   182    (182)   - 
Class B common stock   288    
-
    288 
Additional paid-in capital   10,275,771    (10,275,771)   
-
 
Accumulated deficit   (5,276,232)   (7,934,667)   (13,210,899)
Total stockholders’ equity (deficit)  $5,000,009   $(18,210,620)  $(13,210,611)
Total Liabilities, Class A Common Stock Subject to Possible Redemption and Stockholders’ Equity (Deficit)  $115,464,516   $
-
   $115,464,516 

 

   As Previously
Reported
   Adjustments   As Restated 
Supplemental Disclosure of Noncash Financing Activities:               
Change in value of Class A common stock subject to possible redemption  $(1,052,700)  $1,052,700   $
          -
 

 

   Net Income Per Share 
   As Reported   Adjustment   As Restated 
Three Months Ended March 31, 2021 (Unaudited)            
Net income  $1,989,868   $
-
   $1,989,868 
Weighted average shares outstanding - Class A common stock   11,500,000    
-
    11,500,000 
Basic and diluted net income per share - Class A common stock  $0.00   $0.14   $0.14 
Weighted average shares outstanding - Class B common stock   2,875,000    
-
    2,875,000 
Basic and diluted net income per share - Class B common stock  $0.69   $(0.55)  $0.14 

   Net Loss Per Share 
   As Reported   Adjustment   As Restated 
Three Months Ended June 30, 2021 (Unaudited)            
Net loss  $(3,042,567)  $
-
   $(3,042,567)
Weighted average shares outstanding - Class A common stock   11,500,000    
-
    11,500,000 
Basic and diluted net loss per share - Class A common stock  $0.00   $(0.21)  $(0.21)
Weighted average shares outstanding - Class B common stock   2,875,000    
-
    2,875,000 
Basic and diluted net loss per share - Class B common stock  $(1.06)  $0.85   $(0.21)

 

   Net Loss Per Share 
   As Reported   Adjustment   As Restated 
Six Months Ended June 30, 2021 (Unaudited)            
Net loss  $(1,052,699)  $
-
   $(1,052,699)
Weighted average shares outstanding - Class A common stock   11,500,000    
-
    11,500,000 
Basic and diluted net loss per share - Class A common stock  $0.00   $(0.07)  $(0.07)
Weighted average shares outstanding - Class B common stock   2,875,000    
-
    2,875,000 
Basic and diluted net loss per share - Class B common stock  $(0.37)  $0.30   $(0.07)

 

Schedule of basic and diluted net income (loss) per common share
   For the Three Months Ended   For the Nine Months Ended   For the Period from August 11
(Inception) to September 30,
   September 30, 2021   September 30, 2021   2020 
   Class A   Class B   Class A   Class B   Class B 
Basic and diluted net income (loss) per common share:                    
Numerator:                    
Allocation of net income (loss)  $479,385   $65,102   $(420,345)  $(87,867)  $(2,065)
                          
Denominator:                         
Basic and diluted weighted average common shares outstanding   27,600,000    3,066,666    26,184,615    3,046,153      
                          
Basic and diluted net income (loss) per common share  $0.04   $0.04   $(0.04)  $(0.04)  $