v3.25.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Accounting Policies [Abstract]    
SCHEDULE OF NET INCOME (LOSS) PER SHARE

The net income (loss) per share presented in the statements of operations is based on the following:

 

   Redeemable   Non-Redeemable   Redeemable   Non-Redeemable 
  

For Three Months Ended

March 31,

 
   2025   2024 
   Redeemable   Non-Redeemable   Redeemable   Non-Redeemable 
Particulars  Shares   Shares   Shares   Shares 
Basic and diluted net income/(loss) per share:                    
Weighted-average shares outstanding   1,574,356    2,280,500    4,725,829    2,280,500 
Ownership percentage   41%   59%   67%   33%
Numerators:                    
Allocation of net loss including accretion of temporary equity  $(140,281)  $(203,201)  $(196,904)  $(95,108)
Interest earned on investment held in trust account   187,179    -    586,164    - 
Accretion of temporary equity into redemption value (extension deposit)   165,000    -    55,000      
Allocation of net income/(loss)  $211,898   $(203,201)  $444,260   $(95,108)
Denominators:                    
Weighted-average shares outstanding   1,574,356    2,280,500    4,725,829    2,280,500 
Basic and diluted net income/(loss) per share  $0.13   $(0.09)  $0.09   $(0.04)

The net income (loss) per share presented in the statements of operations is based on the following:

 

   Redeemable   Non-Redeemable   Redeemable   Non-Redeemable 
   For the Year Ended December 31, 
   2024   2023 
   Redeemable   Non-Redeemable   Redeemable   Non-Redeemable 
Particulars  Shares   Shares   Shares   Shares 
Basic and diluted net income/(loss) per share:                    
Weighted-average shares outstanding   4,622,502    2,280,500    6,870,217    2,280,500 
Ownership percentage   67%   33%   75%   25%
Numerators:                    
Allocation of net loss including accretion of temporary equity   (951,429)   (469,385)   (631,513)   (209,624)
Interest earned on investment held in trust account   2,581,773    -    3,580,311    - 
Accretion of temporary equity to redemption value (extension deposit)   550,000    -    165,000    - 
Allocation of net income/(loss)   2,180,344    (469,385)   3,113,798    (209,624)
Denominators:                    
Weighted-average shares outstanding   4,622,502    2,280,500    6,870,217    2,280,500 
Basic and diluted net income/(loss) per share   0.47    (0.21)   0.45    (0.09)
SCHEDULE OF INITIAL PUBLIC OFFERING PROCEEDS TO COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION

At March 31, 2025, the ordinary shares reflected in the balance sheets are reconciled in the following table:

 

Ordinary shares subject to possible redemption at December 31, 2024   18,055,701 
Plus:     
Accretion for ordinary shares subject to redemption (income earned on investment held in trust account)   187,179 
Accretion for ordinary shares subject to redemption (extension deposit)   165,000 
Ordinary shares subject to possible redemption at March 31, 2025  $18,407,880 

At December 31, 2024, the ordinary shares reflected in the balance sheets are reconciled in the following table:

 

      
Ordinary Shares subject to possible redemption, December 31, 2023  $50,880,604 
Less:     
Withdrawn in connection with redemption   (35,956,676)
Plus:     
Accretion for ordinary shares subject to redemption (income earned on investment held in trust account)   2,581,773 
Accretion for ordinary shares subject to redemption (extension deposit)   550,000 
      
Ordinary shares subject to possible redemption, December 31, 2024  $18,055,701