XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.4
STATEMENTS OF CASH FLOWS - USD ($)
10 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ (11,769) $ 145,189
Adjustments to reconcile net cash used in operating activities:    
Interest earned on investment held in Trust Account (1,651,461)
Changes in operating assets and liabilities:    
Prepaid expenses (84,486)
Other receivable (10,850)
Accounts payable and accrued expenses 1,189 610,742
Income tax payable 309,931
Franchise tax payable 10,580 175,600
Net cash used in operating activities (505,334)
Cash Flows from Investing Activities:    
Purchase of investment held in Trust Account (115,000,000)
Net cash used in investing activities (115,000,000)
Cash Flows from Financing Activities:    
Proceeds from promissory note- related party 250,000
Proceeds from issuance of shares of common stock to initial stockholders 25,000
Proceeds from sale of public units through public offering 115,000,000
Proceeds from sale of private placement units 3,435,000
Repayment of promissory note to related party (250,000)
Payment of underwriters’ commissions (2,300,000)
Payment of deferred offering costs (79,000) (339,802)
Net cash provided by financing activities 196,000 115,545,198
Net change in cash 196,000 39,864
Cash, beginning of the year 196,000
Cash, end of the year 196,000 235,864
Supplemental Disclosure of Non-cash Financing Activities    
Initial classification of common stock subject to redemption 106,030,000
Deferred underwriting fee 4,025,000
Remeasurement of common stock to redemption value $ 16,858,238