General form of registration statement for all companies including face-amount certificate companies

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash $ 685,402 $ 195,758
Prepaid expenses 297,961 1,500
Total Current Assets 983,363 197,258
Deferred offering costs   31,542
Marketable securities held in Trust Account 115,005,972  
TOTAL ASSETS 115,989,335 228,800
Current liabilities    
Accounts payable and accrued expenses 86,970 1,000
Accrued offering costs 1,105 5,000
Promissory note - related party   200,000
Total Current Liabilities 88,075 206,000
Accrued liabilities - current   1,000
Warrant liability 315,180  
Total Liabilities 403,255 206,000
Commitments
Common stock subject to possible redemption 11,058,607 and no shares at redemption value at June 30, 2021 and December 31, 2020, respectively 110,586,069  
Stockholders' Equity    
Common stock, $0.0001 par value; 50,000,000 shares authorized; 3,724,393 and 2,875,000 shares issued and outstanding (excluding 11,058,607 and no shares subject to possible redemption) as of June 30, 2021 and December 31, 2020, respectively 372 288 [1]
Additional paid-in capital 5,614,547 24,712
Accumulated deficit (614,908) (2,200)
Total Stockholders' Equity 5,000,011 22,800
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 115,989,335 $ 228,800
[1] Includes up to 375,000 shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (see Note 5). On February 9, 2021, the Company effected a dividend of 0.50 share for each share of common stock outstanding resulting in there being an aggregate of 4,312,500 shares of common stock outstanding, and on February 24, 2021, the Company rescinded and cancelled the dividend, resulting in there being an aggregate of 2,875,000 shares of common stock outstanding (see Notes 5 and 8).