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UNAUDITED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
General and administrative expenses $ 103,386 $ 1,033,258 $ 342,895 $ 1,153,543
Franchise tax expense 6,700 50,000 15,603 100,000
Loss from operations (110,086) (1,083,258) (358,498) (1,253,543)
Interest income on cash balance 3,022 1,220 9,074 2,538
Gain on marketable securities (net), dividends and interest, held in Trust Account 194,638 285,400 369,255 301,805
Total other income, net 197,660 286,620 378,329 304,343
Income (Loss) before provision for income taxes 87,574 (796,638) 19,831 (949,200)
Provision for income taxes (40,102) (29,369) (76,173) (29,369)
Net income (loss) $ 47,472 $ (826,007) $ (56,342) $ (978,569)
Common stock subject to possible redemption        
Weighted average shares outstanding, basic 1,591,537 20,000,000 1,591,537 20,000,000
Weighted average shares outstanding, diluted 1,591,537 20,000,000 1,591,537 20,000,000
Basic net income (loss) per share $ 0.01 $ (0.03) $ (0.01) $ (0.04)
Diluted net income (loss) per share $ 0.01 $ (0.03) $ (0.01) $ (0.04)
Common stock not subject to possible redemption        
Weighted average shares outstanding, basic 5,000,000 5,000,000 5,000,000 5,000,000
Weighted average shares outstanding, diluted 5,000,000 5,000,000 5,000,000 5,000,000
Basic net income (loss) per share $ 0.01 $ (0.03) $ (0.01) $ (0.04)
Diluted net income (loss) per share $ 0.01 $ (0.03) $ (0.01) $ (0.04)