Registration of securities issued in business combination transactions

INCOME TAXES (Tables)

v3.22.2.2
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2021
INCOME TAXES  
Income tax provision

For the 

period from 

August 5, 

2020 

(inception) 

Year ended 

through 

December 31,

December 31,

    

2021

    

2020

Federal

 

  

 

  

Deferred

$

(221,150)

$

State

 

  

 

  

Change in valuation allowance

$

221,150

$

Income tax provision

$

$

Schedule of reconciliation of the total income tax provision tax rate to the statutory federal income tax rate

    

    

For the period 

 

 from August 

 

 5, 2020 

 

 (inception) 

 

Year ended  

 through 

 

December 31,

 December 31,

 

    

2021

    

2020

 

Statutory federal income tax rate

 

21.0

%  

%

State taxes, net of federal tax benefit

 

0.0

%  

%

Deferred tax liability change in rate

 

0.0

%  

%

Change in fair value of warrants liabilities

 

(27.8)

%  

%

Change in valuation allowance

 

6.8

%  

%

Income tax provision

 

0.0

%  

%

Summary of significant components of the Company's deferred tax assets

    

December 31,

    

December 31,

    

2021

    

2020

Deferred tax assets

 

  

 

  

Net operating loss carryforward

$

39,841

$

Startup/Organization Expenses

$

181,309

$

Total deferred tax assets

 

221,150

 

Valuation allowance

 

(221,150)

 

Deferred tax assets, net of allowance

$

$