Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies and New Accounting Standards (Tables)

v3.23.1
Summary of Significant Accounting Policies and New Accounting Standards (Tables)
 12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of measured at fair value on a recurring basis
          Fair value measurements at reporting date using:  
Description   Fair Value    

Quoted prices
in active markets
for identical
liabilities

(Level 1)

    

Significant
other
observable
inputs

(Level 2)

    

Significant
unobservable inputs

(Level 3)

  
Liabilities:      
Public Warrant liabilities, December 31, 2022   $ 132,000     $ 132,000     $             -     $ -  
Representative Warrant liabilities, December 31, 2022   $ 8,611     $ -     $ -     $ 8,611  
                                 
Liabilities:                                
Public Warrant liabilities, December 31, 2021   $ 1,361,600     $ -     $ -     $ 1,361,600  
Representative Warrant liabilities, December 31, 2021   $

91,200

     $ -     $ -     $

91,200

  

 
Schedule of reconciliation of the Level 3 representative warrant liabilities
Representative warrant liabilities, September 17, 2021     187,200  
Issuances    
-
  
Exercises    
-
  
Change in fair value     (96,000 )
Representative warrant liabilities, December 13, 2021     91,200  
Issuances    
-
  
Exercises    
-
  
Changes in fair value     (82,589 )
Representative warrant liabilities, December 31, 2022     8,611  

 
Schedule of relevant translation rates
    December 31,
2022		     December 31,
2021		  
             
Closing rate, British Pound (GBP) to US$ at period end     1.2039       1.348  
Average rate, GBP to US$ for the period ended     1.2362       1.371  
Closing rate, Euro (EUR) to US$ at period end     0.9367       1.132  
Average rate, EUR to US$ for the period ended     0.9517       1.143