Statement of Cash Flows - USD ($) |
3 Months Ended | |
|---|---|---|
Mar. 31, 2022 |
Mar. 31, 2021 |
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| Cash Flows from Operating Activities: | ||
| Net income (loss) | $ 8,617,191 | $ (6,456,287) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Interest income earned on Trust | (7,600) | (6,247) |
| Unrealized (gain)/loss on change in fair value of warrants | (9,537,808) | 5,996,188 |
| Changes in current assets and current liabilities: | ||
| Prepaid expenses | 42,055 | 99,151 |
| Due to related party | 30,000 | 29,204 |
| Deferred legal fee | 510,020 | 0 |
| Advances from Sponsor | 350,000 | 0 |
| Accounts payable and accrued expenses | (23,941) | (12,943) |
| Net cash used in operating activities | (20,083) | (350,934) |
| Net Change in Cash | (20,083) | (350,934) |
| Cash—Beginning | 43,054 | 764,329 |
| Cash—Ending | $ 22,971 | $ 413,395 |
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- Definition Increase Decrease In Advances From Sponsor. No definition available.
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- Definition Increasedecreaseindeferredlegalfee. No definition available.
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- References No definition available.
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- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes effect from exchange rate changes. No definition available.
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- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Change in recurring obligations of a business that arise from the acquisition of merchandise, materials, supplies and services used in the production and sale of goods and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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