v3.25.2
Income Taxes (Tables)
12 Months Ended
Mar. 31, 2025
Income Taxes [Abstract]  
Schedule of Income Tax Provision (Benefit)

The income tax provision (benefit) consists of the following:

 

For the
Year Ended
March 31,
2025

 

For the
Year Ended
March 31,
2024

Current

 

 

 

 

 

 

 

Federal

 

$

324,395

 

 

$

613,217

State

 

 

 

 

 

Deferred

 

 

 

 

 

 

 

Federal

 

 

(37,152

)

 

 

2,975

State

 

 

 

 

 

Income tax provision

 

$

287,243

 

 

$

616,192

Schedule of Reconciliation of the Statutory Federal Income Tax Rate to the Company’s Effective Tax Rate

A reconciliation of the statutory federal income tax rate to the Company’s effective tax rate is as follows:

 

For the
Year Ended
March 31,
2025

 

For the
Year Ended
March 31,
2024

U.S. statutory rate

 

21.0

%

 

 

21.0

%

Change in valuation allowance

 

51.4

%

 

 

6.8

%

Effective tax rate

 

72.4

%

 

$

27.8

%

Schedule of Net Deferred Tax Assets Liabilities

The Company’s net deferred tax assets (liabilities) were as follows as of:

 

March 31,
2025

 

March 31,
2024

Deferred tax assets:

 

 

 

 

 

 

 

 

Start-up/organization costs

 

$

575,740

 

 

$

371,785

 

Deferred tax liability:

 

 

 

 

 

 

 

 

Accrued dividend income

 

 

(13,892

)

 

 

(51,045

)

Total deferred tax assets

 

 

561,848

 

 

 

320,740

 

Valuation allowance

 

 

(575,740

)

 

 

(371,785

)

Deferred tax liability, net

 

$

(13,892

)

 

$

(51,045

)