| Schedule of Impact of Restatement |
The impact of the restatement on the
Condensed Statement balance sheet as of March 31, 2021 included in this filing is presented below.
Schedule of Impact of Restatement
| |
|
As Previously Reported |
|
|
Adjustments |
|
|
As Restated |
|
| Statement of Operations for the three months ended March 31, 2021 (unaudited) |
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| |
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| Ordinary shares subject to redemption: |
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares outstanding |
|
|
623,332 |
|
|
|
698,764 |
|
|
|
1,322,096 |
|
| Amount |
|
$ |
6,385,035 |
|
|
$ |
7,157,714 |
|
|
$ |
13,542,749 |
|
| Ordinary shares excluding shares subject to possible redemption |
|
|
3,793,764 |
|
|
|
(698,764 |
) |
|
|
3,095,0000 |
|
| Number of shares outstanding |
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock value |
|
$ |
(380 |
) |
|
$ |
70 |
|
|
$ |
(310 |
) |
| Additional paid-in capital |
|
$ |
(5,322,270 |
) |
|
$ |
5,322,270 |
|
|
$ |
- |
|
| Accumulated deficit |
|
$ |
322,646 |
|
|
$ |
1,835,374 |
|
|
$ |
2,158,020 |
|
The impact of the restatement on the Condensed Statement
of operations for the three months ended March 31, 2021 included in this filing is presented below.
| |
|
|
1 |
|
|
|
2 |
|
|
|
3 |
|
| Basic and diluted weighted average shares outstanding, Ordinary shares subject to possible redemption |
|
|
767,189 |
|
|
|
376,169 |
|
|
|
1,143,358 |
|
| Basic and diluted weighted average shares outstanding, Non-redeemable ordinary shares |
|
|
3,650,004 |
|
|
|
(376,169 |
) |
|
|
3,273,835 |
|
| Basic and diluted net loss per share, Non-redeemable ordinary shares |
|
$ |
(0.40 |
) |
|
$ |
(0.05 |
) |
|
$ |
(0.45 |
) |
The impact of the restatement on the Condensed Consolidated
Statement of Cash Flows for the three months ended March 31, 2021 included in this filing is presented below.
| |
|
As Previously Reported |
|
|
Adjustments |
|
|
As Restated |
|
| Statement of Cash Flows for the three months ended March 31, 2020 (unaudited) |
|
|
|
|
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|
|
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| Non-Cash Investing and Financing Activities: |
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|
|
|
|
|
|
|
|
|
|
|
| Change in value of ordinary shares subject to possible redemption |
|
|
(1,475,478 |
) |
|
|
7,157,714 |
|
|
|
5,682,236, |
|
|