Condensed Consolidated Balance Sheet for the three months ended March 31, 2023 (unaudited)

Convertible Promissory Note – Related Party

$

257,014

$

1,882,986

$

2,140,000

Additional paid in capital

$

563,136

$

(563,136

)

$

—

Accumulated deficit

$

(15,207,806

)

$

(1,319,850

)

$

(16,527,656

)

Total Liabilities

$

15,881,107

$

1,882,986

$

17,764,093

Total Stockholders’ Equity (deficit)

$

(14,643,951

)

$

(1,882,986

)

$

(16,526,937

)

Condensed Consolidated Statement of Operations for the three months ended March 31, 2023 (unaudited)

Change in fair value of convertible promissory notes

$

1,319,850

$

(1,319,850

)

—

Total other income (expense)

$

909,732

$

(1,319,850

)

$

(410,118

)

Income before provision for income taxes

$

81,106

$

(1,319,850

)

$

(1,238,744

)

Net Income (loss)

$

(374,842

)

$

(1,319,850

)

$

(1,694,692

)

EPS:

Weighted avg shares outstanding, Class A common stock

21,188,697

—

21,188,697

Basic and diluted net loss per share, Class A common stock

$

(0.01

)

(0.05

)

(0.06

)

Weighted avg shares outstanding, Class B common stock

7,187,500

—

7,187,500

Basic and diluted net loss per share, Class B common stock

$

(0.01

)

(0.05

)

(0.06

)

Condensed Consolidated Statement of Equity for the three months ended March 31, 2023 (unaudited)

Proceeds received in excess of initial fair value of Convertible Promissory Note

$

563,136

$

(563,136

)

$

—

Net Income (loss)

$

(374,842

)

$

(1,319,850

)

$

(1,694,692

)

Accretion for Class A common stock to redemption amount-APIC

$

(2,355,234

)

$

—

$

(2,355,234

)

Accumulated Deficit

$

(15,207,806

)

$

(1,319,850

)

$

(16,527,656

)

Total Stockholders Equity (deficit)

$

(14,643,951

)

$

(1,882,986

)

$

(16,526,937

)

Condensed Consolidated Statement of Cash Flows for the three months ended March 31, 2023 (unaudited)

Net (loss) income

$

(374,842

)

$

(1,319,850

)

$

(1,694,692

)

Change in fair value of convertible promissory note

$

(1,319,850

)

$

1,319,850

$

—

Non Cash:

Proceeds received in excess of initial fair value of Convertible Promissory Note – Shares at initial borrowing

$

563,136

$

(563,136

)

$

—