| Schedule of Net Income (Loss) Per Share |
The net income
(loss) per share presented in the statement of operations is based on the following:
| | |
For
the
Year Ended
March 31,
2025 | | |
For
the
Year Ended
March 31,
2024 | |
| Net
income | |
$ | 109,366 | | |
$ | 1,596,567 | |
| Accretion
of redeemable common stock to redemption value | |
| (1,625,328 | ) | |
| (4,039,650 | ) |
| Net
loss including accretion of redeemable common stock to redemption value | |
$ | (1,515,962 | ) | |
$ | (2,443,083 | ) |
| | |
For
the Year Ended | | |
For
the Year Ended | |
| | |
March
31, 2025 | | |
March
31, 2024 | |
| | |
Redeemable | | |
Non-
Redeemable | | |
Redeemable | | |
Non-
Redeemable | |
| | |
Common
Stock | | |
Common
Stock | | |
Common
Stock | | |
Common
Stock | |
| Basic
and diluted net loss per share: | |
| | |
| | |
| | |
| |
| Numerators: | |
| | |
| | |
| | |
| |
| Allocation
of net loss | |
$ | (848,882 | ) | |
| (667,080 | ) | |
$ | (1,818,810 | ) | |
$ | (624,273 | ) |
| Accretion
of initial and subsequent measurement of common stock subject to redemption value | |
| 1,625,328 | | |
| - | | |
| 4,039,650 | | |
| - | |
| Allocation
of net income (loss) | |
$ | 776,446 | | |
| (667,080 | ) | |
$ | 2,220,840 | | |
$ | (624,273 | ) |
| Denominators: | |
| | | |
| | | |
| | | |
| | |
| Weighted-average
shares outstanding | |
| 2,349,413 | | |
| 1,846,250 | | |
| 5,379,021 | | |
| 1,846,250 | |
| Basic
and diluted net income (loss) per share | |
$ | 0.33 | | |
| (0.36 | ) | |
$ | 0.41 | | |
$ | (0.34 | ) |
|