v3.25.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Operating costs:        
Legal and accounting expenses $ 174,317 $ 60,546 $ 721,446 $ 712,495
Insurance expense 24,867 95,151 227,134 251,768
Franchise tax expense (186,364) 75,874 238,542 226,974
Listing fees   21,250   85,000
Other operating costs     14,302 7,795
Loss from operations (76,749) (406,574) (1,587,286) (1,670,440)
Other (expense) income, net:        
Change in fair value of warrant liability 58,900 447,950 (4,058,500) (53,450)
Dividend income on marketable securities held in Trust Account 4,494 559,907 966,174 6,707,678
Financing expense     (274,973) (934,906)
Other income 63,394 732,884 (3,367,299) 5,719,322
(Loss) income before provision for income taxes (13,355) 326,310 (4,954,585) 4,048,882
Provision for income taxes (88,327) (64,703) (152,466) (1,319,280)
Net (loss) income (101,682) 261,607 (5,107,051) 2,729,602
Nonrelated Party        
Operating costs:        
Administrative expenses 18,766 106,749 205,862 154,908
Related Party        
Operating costs:        
Administrative expenses $ 45,000 $ 45,000 $ 180,000 $ 231,500
Class A common stock subject to redemption        
Other (expense) income, net:        
Weighted average shares outstanding, basic 37,986 3,592,063 1,613,326 12,413,050
Weighted average shares outstanding, diluted 37,986 3,592,063 1,613,326 12,413,050
Basic net (loss) income per share $ 0.1 $ 0.04 $ (0.46) $ 0.26
Diluted net (loss) income per share $ 0.1 $ 0.04 $ (0.46) $ 0.26
Class And B Non Redeemable Common Stock        
Other (expense) income, net:        
Weighted average shares outstanding, basic 5,750,000 5,750,000 5,750,000 5,750,000
Weighted average shares outstanding, diluted 5,750,000 5,750,000 5,750,000 5,750,000
Basic net (loss) income per share $ (0.02) $ 0.02 $ (0.76) $ (0.09)
Diluted net (loss) income per share $ (0.02) $ 0.02 $ (0.76) $ (0.09)