Registration of securities issued in business combination transactions

Income Tax (Tables)

v3.22.1
Income Tax (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Net Deferred Tax Assets
The Company’s net deferred tax assets are as follows:
 
    
December 31,
2021
    
December 31,
2020
 
Deferred tax assets:
                 
Organizational costs/Startup expenses
   $ 152,798      $ 111  
Federal net operating loss carryforwards
     17,851        —    
    
 
 
    
 
 
 
Total deferred tax assets
     170,650        111  
Valuation allowance
     (170,650      (111
    
 
 
    
 
 
 
Deferred tax assets, net of allowance
   $ —        $ —    
    
 
 
    
 
 
 
Schedule of Income Tax Provisions
The income tax provision consists of the following:
 
    
December 31,
2021
    
December 31,
2020
 
Federal
                 
Current
   $ —        $ —    
Deferred
     170,539        111  
State
                 
Current
     —          —    
Deferred
     —          —    
Change in valuation allowance
     (170,539      (111
    
 
 
    
 
 
 
Income tax provision
  
$
—  
 
   $ —    
    
 
 
    
 
 
 
Schedule of Reconciliations of Federal Income Tax Effective Rate
Reconciliations of the federal income tax rate to the Company’s effective tax rate at December 31, 2021 and 2020 are as follows:
 
    
December 31,
2021
   
December 31,
2020
 
Statutory federal income tax rate
     21.0     21.0
State taxes, net of federal tax benefit
     0.0     0.0
Chang in fair value of warrants
     7.6     0.0
Acquisition related expenses
     -22.1     0.0
Change in valuation allowance
     -6.5     -21.0
Income tax provision
     —       —