Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.23.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule Of Company's Deferred Tax Assets
As of December 31, 2022 and December 31, 2021, the
Comp
any’s net deferred tax assets are as follows:
 
    
For the year
ended
December 31,
2022
    
Period from August 13,
2021 (Inception)
through December 31,
2021
 
Deferred tax assets:
                 
Organizational costs/Startup expenses
   $ 694,880      $ —    
    
 
 
    
 
 
 
Total deferred tax assets
     694,880         
Valuation allowances
     (694,880       
    
 
 
    
 
 
 
Deferred tax asset, net of allowance
   $ —        $ —    
    
 
 
    
 
 
 
Schedule Of Income Tax Provision
The income tax benefit for the year ended December 31, 2022 and for the period from August 13, 2021 (Inception) through December 31, 2021, consists of the following:
 
    
For the year
ended
December 31,
2022
    
Period from August 13,
2021 (Inception)
through December 31,
2021
 
Current tax:
                 
Federal tax
   $ 661,533      $ —    
State tax
     45,472         
    
 
 
    
 
 
 
Total current tax
     707,005         
    
 
 
    
 
 
 
Deferred tax:
                 
Federal
     —          —    
State
     —          —    
    
 
 
    
 
 
 
Total deferred tax
     —          —    
    
 
 
    
 
 
 
Total income tax expense
   $ 707,005      $ —    
    
 
 
    
 
 
 
Schedule Of Reconciliation Company's Effective Tax Rate
A reconciliation of the federal
income
tax rate to the Company’s effective tax rate at December 31, 2022 and December 31, 2021, consists of the following:
 
 
  
For the year
ended
December 31,
2022
 
 
Period from August 13,
2021 (Inception)
through December 31,
2021
 
Statutory federal income tax rate
     21.0     21.0
State taxes, net of federal tax benefit
     1.2     1.1
Valuation allowance
     472.8     -22.1
    
 
 
   
 
 
 
Effective tax rate
     495.0     0