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

BALANCE SHEETS

v3.21.2
BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Cash $ 195,758 $ 25,000
Other current asset 1,500 0
Total Current Assets 197,258 25,000
Deferred offering costs 31,542 0
TOTAL ASSETS 228,800 25,000
Current liabilities    
Accrued expenses 1,000 1,225
Accrued offering costs 5,000 0
Promissory note - related party 200,000 0
Total Current Liabilities 206,000 1,225
Commitments
Stockholders' Equity    
Common stock, $0.0001 par value; 50,000,000 shares authorized; 2,875,000 shares issued and outstanding as of December 31, 2020 and December 31, 2019(1) [1] 288 288
Additional paid-in capital 24,712 24,712
Accumulated deficit (2,200) (1,225)
Total Stockholders' Equity 22,800 23,775
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 228,800 $ 25,000
[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in there being an aggregate of 4,312,500 shares of common stock outstanding, and on February 24, 2021, the Company rescinded and cancelled the dividend, resulting in there being an aggregate of 2,875,000 shares of common stock outstanding (see Notes 5 and 8).