v3.25.1
Income Tax (Tables)
3 Months Ended
Mar. 31, 2025
Income Tax [Abstract]  
Schedule of Company’s Net Deferred Tax Assets

As of March 31, 2025 and December 31, 2024, the Company’s net deferred tax assets are as follows:

 

   March 31,
2025
   December 31,
2024
 
Deferred tax asset:        
Organizational costs/Startup expenses  $285,894   $285,200 
Net operating loss   
-
    
-
 
Total deferred tax asset   285,894    285,200 
Valuation allowance   (285,894)   (285,200)
Deferred tax asset, net of allowance  $
-
   $
-
 
Schedule of Income Tax Provision

The income tax provision for the three months ended March 31, 2025 and 2024, consists of the following:

 

   2025   2024 
Federal        
Current  $
   $38,103 
Deferred   (694)   (3,214)
           
State and Local          
Current   
    
 
Deferred   
    
 
           
Change in valuation allowance   694    3,214 
           
Income tax provision  $
   $38,103 
Schedule of Federal Income Tax Rate to the Company’s Effective Tax Rate

A reconciliation of the federal income tax rate to the Company’s effective tax rate at March 31, 2025 and December 31, 2024, consists of the following:

 

   March 31,
2025
   December 31,
2024
 
Statutory federal income tax rate   21.0%   21.0%
Change in valuation allowance   (0.54)%   1.3%
Adjustment to prior year taxes   
-
%   (11.4)%
Effective Tax Rate   20.46%   10.9%