v3.25.2
Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Mar. 31, 2024
Current assets:    
Cash $ 14,692 $ 30,823
Prepaid expenses 2,500 60,750
Prepaid income taxes 287,911
Prepaid franchise taxes 26,165
Total current assets 331,268 91,573
Dividend receivable 66,155 243,073
Investments held in Trust Account 18,666,931 55,495,253
TOTAL ASSETS 19,064,354 55,829,899
Current liabilities:    
Accrued expenses 884,628 492,826
Working capital and extension loans - related party 2,976,966 1,791,000
Business combination deposits 200,000 200,000
Income tax payable 358,882
Franchise tax payable 12,300
Excise tax payable 462,021 81,578
Total current liabilities 4,548,615 2,961,586
Deferred tax liability 13,893 51,045
Deferred underwriting discounts and commissions 2,012,500 2,012,500
TOTAL LIABILITIES 6,575,008 5,025,131
Commitments and contingencies
Common stock subject to possible redemption, 1,595,871 and 4,991,461 shares at redemption value of $11.91 and $11.10 per share as of March 31, 2025 and 2024, respectively 19,007,601 55,426,618
Stockholders’ deficit:    
Common stock, $0.0001 par value, 15,000,000 shares authorized, 1,846,250 shares issued and outstanding as of March 31, 2025 and 2024 185 185
Additional paid-in capital
Accumulated deficit (6,518,440) (4,622,035)
Total stockholders’ deficit (6,518,255) (4,621,850)
TOTAL LIABILITIES, TEMPORARY EQUITY, AND STOCKHOLDERS’ DEFICIT 19,064,354 55,829,899
Related Party    
Current liabilities:    
Due to related parties $ 25,000 $ 25,000