Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

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BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash $ 802,606 $ 22,791
Prepaid expenses 188,617  
Total Current Assets 991,223 22,791
Other Assets 102,849  
Deferred offering costs   469
Marketable securities held in Trust Account 116,738,316  
TOTAL ASSETS 117,832,388 23,260
Current liabilities    
Accounts payable and accrued expenses 244,793 1,450
TOTAL LIABILITIES 244,793 1,450
Commitments
Common stock subject to possible redemption, $0.0001 par value; 11,500,000 and no shares at redemption value at December 31, 2021 and 2020 respectively 116,725,000  
Stockholders' Equity    
Common stock, $0.0001 par value; 50,000,000 shares authorized; 3,336,500 and 2,875,000 shares issued and outstanding as of December 31, 2021 and 2020 (1), respectively [1] 334 288
Additional paid-in capital 1,267,993 24,712
Accumulated deficit (405,732) (3,190)
Total Stockholders' Equity 862,595 21,810
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 117,832,388 $ 23,260
[1] Included up to 375,000 shares of common stock that were subject to forfeiture depending on the extent to which the over-allotment option was exercised in full or in part by the underwriters (see Note 5). On August 10, 2021, the underwriters exercised the over-allotment option in full, thus these shares are no longer subject to forfeiture (see Note 3).