v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash $ 1,185 $ 6,760
Prepaid expenses and other assets 14,077 833
Total current assets 15,262 7,593
Restricted cash 161,449
Cash and investment held in Trust Account 12,257,933 23,769,229
TOTAL ASSETS 12,273,195 23,938,271
Current liabilities    
Accounts payable and accrued expenses 2,929,443 2,846,126
Franchise tax payable 80,000
Income taxes payable 125,950
Excise tax payable and interest and penalties 719,090 583,520
Working capital loans – related party 1,740,966 549,100
Total current liabilities 8,225,483 6,648,780
Deferred underwriting fee payable 2,704,690 2,704,690
TOTAL LIABILITIES 10,930,173 9,353,470
COMMITMENTS AND CONTINGENCIES (NOTE 6)
REDEEMABLE COMMON STOCK    
Common Stock subject to possible redemption, $0.0001 par value, 1,082,789 shares at redemption value of $11.22 per share at December 31, 2024 and 2,172,851 shares at redemption value of $10.98 at December 31, 2023, respectively 12,145,287 23,850,678
STOCKHOLDERS’ DEFICIT    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at December 31, 2024 and 2023
Common stock; $0.0001 par value; 100,000,000 shares authorized; 2,283,976 shares issued and outstanding at December 31, 2024 and 2023, respectively (excluding 1,082,789 shares at December 31, 2024 and 2,172,851 shares at December 31, 2023 subject to redemption) 228 228
Additional Paid in Capital
Accumulated deficit (10,802,493) (9,266,105)
TOTAL STOCKHOLDERS’ DEFICIT (10,802,265) (9,265,877)
TOTAL LIABILITIES, REDEEMABLE COMMON STOCK, AND STOCKHOLDERS’ DEFICIT 12,273,195 23,938,271
Due to Affiliates    
Current liabilities    
Due to affiliates 413,663 293,663
Related Party    
Current liabilities    
Convertible promissory notes – related party $ 2,296,371 $ 2,296,371