Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.22.0.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of income tax provision (benefit) consists
    December 31,
2021
    December 31,
2020
 
Current            
Federal   $
-
    $
-
 
State    
-
     
-
 
Deferred                
Federal     (226,816 )     (27,274 )
State    
-
     
-
 
Valuation allowance     226,816       27,274  
Income tax provision   $
-
    $
-
 

 

Schedule of net deferred tax assets
    December 31,
2021
    December 31,
2020
 
Deferred tax assets:            
Net operating loss carryover   $ 18,196     $ 15,315  
Start-up/Organization costs     208,620       11,959  
Total deferred tax assets     226,816       27,274  
Valuation allowance     (226,816 )     (27,274 )
Deferred tax asset, net of allowance   $
-
    $
-
 

 

Schedule of the statutory federal income tax rate (benefit) to the company’s effective tax rate
Statutory Federal income tax rate     21.0 %     21.0 %
Financing costs    
-
      (2.9 )%
Change in fair value of warrant liabilities     46.3 %     (17.4 )%
Change in valuation Allowance     (67.3 )%     (0.7 )%
Effective Tax Rate     0.0 %     0.0 %