SCHEDULE OF REDEEMABLE ORDINARY SHARE SUBJECT TO POSSIBLE REDEMPTION |
At
December 31, 2024 and 2023, the redeemable ordinary shares subject to possible redemption reflected in the consolidated balance sheet
is reconciled in the following table:
SCHEDULE OF REDEEMABLE ORDINARY SHARE SUBJECT TO POSSIBLE REDEMPTION
Redeemable ordinary shares subject to possible redemption at December 31, 2023 | |
$ | 19,901,169 | |
Plus: | |
| | |
Remeasurement of carrying value to redemption value | |
| 548,676 | |
Less: | |
| | |
Redemption | |
| (13,781,323 | ) |
Redeemable ordinary shares subject to possible redemption at December 31, 2024 | |
$ | 6,668,522 | |
|
SCHEDULE OF RECONCILIATION OF BASIC AND DILUTED NET INCOME (LOSS) PER SHARE |
SCHEDULE OF RECONCILIATION OF BASIC AND DILUTED NET INCOME (LOSS) PER SHARE
|
|
Class
A |
|
|
Class
B |
|
|
Class
A |
|
|
Class
B |
|
|
|
For
year ended |
|
|
For
year ended |
|
|
|
December
31, 2024 |
|
|
December
31, 2023 |
|
|
|
Class
A |
|
|
Class
B |
|
|
Class
A |
|
|
Class
B |
|
Basic
and diluted net (loss) income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allocation
of net (loss) income |
|
$ |
(12,537,472 |
) |
|
$ |
- |
|
|
$ |
3,831,570 |
|
|
$ |
632,509 |
|
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
average shares outstanding |
|
|
8,244,188 |
|
|
|
- |
|
|
|
16,461,668 |
|
|
|
2,717,466 |
|
Basic
and diluted net (loss) income per share |
|
$ |
(1.52 |
) |
|
$ |
- |
|
|
$ |
0.23 |
|
|
$ |
0.23 |
|
|
SCHEDULE OF RESTATEMENT CONSOLIDATED FINANCIAL STATEMENTS |
The
effect of the restatement of the Balance Sheets for December 31, 2023, is as follows:
SCHEDULE OF RESTATEMENT CONSOLIDATED FINANCIAL STATEMENTS
| |
As Previously Reported | | |
Restated | | |
Effect of the | |
| |
December 31, 2023 | | |
December 31, 2023 | | |
Restatement | |
ASSETS: | |
| | | |
| | | |
| | |
Current Assets: | |
| | | |
| | | |
| | |
Cash | |
$ | 11,174 | | |
$ | 11,174 | | |
$ | - | |
Prepaid Expenses | |
| 35,000 | | |
| 35,000 | | |
| - | |
Total Current Assets | |
| 46,174 | | |
| 46,174 | | |
| - | |
Total Assets | |
$ | 46,174 | | |
$ | 46,174 | | |
$ | - | |
| |
| | | |
| | | |
| | |
LIABILITIES AND STOCKHOLDERS’ EQUITY: | |
| | | |
| | | |
| | |
Current Liabilities: | |
| | | |
| | | |
| | |
Accounts Payable | |
$ | 172,773 | | |
$ | 172,773 | | |
$ | - | |
Short-term loans from shareholders | |
| 360,636 | | |
| 360,636 | | |
| - | |
Other Current Liabilities | |
| 626 | | |
| 626 | | |
| - | |
Total Current Liabilities | |
| 534,035 | | |
| 534,035 | | |
| - | |
| |
| | | |
| | | |
| | |
Total Long-Term Liabilities | |
| - | | |
| - | | |
| - | |
Total Liabilities | |
$ | 534,035 | | |
$ | 534,035 | | |
$ | - | |
| |
| | | |
| | | |
| | |
Stockholders Equity: | |
| | | |
| | | |
| | |
Common stock - Par Value $0.001 | |
| 221,500 | | |
| 22,000 | | |
| (199,500 | ) |
Additional paid-in-capital | |
| 758,000 | | |
| 957,500 | | |
| 199,500 | |
Accumulated Deficit | |
| (1,467,361 | ) | |
| (1,467,361 | ) | |
| - | |
Total Equity | |
| (487,861 | ) | |
| (487,861 | ) | |
| - | |
TOTAL LIABILITIES AND EQUITY | |
$ | 46,174 | | |
$ | 46,174 | | |
$ | - | |
|