Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities:    
Net earnings (loss) $ 2,972,316 $ (44,295)
Adjustments to reconcile net earnings (loss) to net cash used in operating activities:    
General and administrative expenses paid by PHPC Sponsor, LLC under promissory note 0 2,500
Gain on derivative warrant liabilities (3,433,099) 0
Income from investments held in trust (28,158) 0
Changes in operating assets and liabilities:    
Decrease in prepaid expenses 44,167 0
(Decrease) increase in accounts payable (57,290) 434
(Decrease) increase in franchise tax payable (135,753) 34,571
Increase in accrued expenses 72,341 6,790
Net Cash Used in Operating Activities (565,476) 0
Cash Flows from Financing Activities:    
Payments of offering costs (85,000) 0
Net Cash Used in Financing Activities (85,000) 0
Net Decrease in Cash (650,476) 0
Cash, Beginning of Period 2,444,148 0
Cash, End of Period 1,793,672 0
Supplemental Cash Flow Information [Abstract]    
Offering costs paid by PHPC Sponsor, LLC for issuance of Series F common stock 0 25,000
Offering costs included in accounts payable 0 12,000
Offering costs included in accrued expenses 0 322,925
Offering costs paid by PHPC Sponsor, LLC under promissory note $ 0 $ 168,611