v3.25.2
Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 10,008 $ 68,758
Prepaid expenses and other current assets 5,000 6,200
Total current assets 15,008 74,958
Marketable securities held in Trust Account 1,091,680 1,122,381
Interest receivable in cash and marketable securities held in the Trust Account 3,894 4,217
Right-of-use assets, net 51,345 56,123
Total assets 1,161,927 1,257,679
Current liabilities:    
Accounts payable and accrued liabilities 731,348 507,373
Franchise tax payable 298,886 298,886
Income tax payable 928,000 943,000
Excise tax payable 719,176 719,176
Notes payable - bridge loan 1,500,000 1,491,312
Short-term lease liabilities 13,199 13,066
Total current liabilities 4,723,046 4,532,834
Deferred underwriting commissions 2,723,060 2,723,060
Long-term lease liabilities 22,370 25,720
Total liabilities 7,468,476 7,281,614
Commitments and Contingencies (Note 4)
Common stock subject to possible redemption, 98,263 and 98,263 shares at redemption value of $9.29 and $9.21 per share as of March 31, 2025 and December 31, 2024, respectively 913,113 904,670
Stockholders’ deficit:    
Common stock, par value $0.0001, 200,000,000 shares authorized; 2,082,825 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 209 209
Accumulated deficit (7,219,871) (6,928,814)
Total stockholders’ deficit (7,219,662) (6,928,605)
Total liabilities, redeemable common stock and stockholders’ deficit 1,161,927 1,257,679
Related Party    
Current liabilities:    
Convertible notes payable - related party $ 532,437 $ 560,021