Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.22.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of income tax provision benefit
    Year Ended
December 31,
2021
    For the period
from
October 7,
2020
(inception)
through
December 31,
2020
 
Current            
Federal   $
-
    $
-
 
State    
-
     
-
 
Deferred                
Federal     (457,429 )     (1,085 )
State    
-
     
-
 
Valuation allowance    

457,429

      1,085  
Income tax provision   $
-
    $
-
 

 

Schedule of deferred tax assets
    December 31,  
    2021     2020  
Deferred tax assets:                
Start-up/Organization costs   $ 426,839     $ 958  
Net operating loss carryforwards     31,675       128  
Total deferred tax assets     458,514       1,085  
Valuation allowance     (458,514 )     (1,085 )
Deferred tax asset, net of allowance   $
-
    $
-
 

 

Schedule of income tax rate reconciliation
    Year Ended
December 31,
2021
    For the period
from
October 7,
2020
(inception)
through
December 31,
2020
 
Statutory federal income tax rate     21.0 %     21.0 %
Change in fair value of derivative warrant liabilities     (33.7 )%     0.0 %
Transaction costs allocated to derivative warrant liabilities     5.1 %     0.0 %
Loss on promissory note – related party     0.1 %     0.0 %
Change in fair value of promissory note – related party     (0.5 )%     0.0 %
Change in valuation allowance     7.9 %     (21.0 )%
Income Taxes Benefit     0.0 %     0.0 %