v3.25.2
Income Tax (Tables)
12 Months Ended
Dec. 31, 2024
Income Tax [Abstract]  
Schedule of Net Deferred Tax Assets

The Company’s net deferred tax assets as of December 31, 2024 and 2023 are as follows:

    

2024

    

2023

Deferred tax assets

 

  

 

  

Organizational costs/start-up expenses

$

799,003

$

658,644

Total deferred tax assets

 

799,003

 

658,644

Valuation allowance

 

(799,003)

 

(658,644)

Deferred tax assets, net of allowance

$

$

Schedule of Income Tax Provision for Income Taxes

The income tax provision for income taxes for the years ended December 31, 2024 and 2023 consisted of the following:

    

2024

    

2023

Federal

 

  

 

  

Current

$

81,983

$

13,333

Deferred

 

(140,359)

 

(432,190)

State

 

  

 

  

Current

 

 

Deferred

 

 

Change in valuation allowance

 

140,359

 

432,190

Provision for income taxes

$

81,983

$

13,333

Schedule of Federal Income Tax Rate

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

    

December 31,

    

December 31,

 

2024

2023

 

Statutory federal income tax rate

 

21.0

%  

21.0

%

State taxes, net of federal tax benefit

 

0.0

%  

0.0

%

Change in fair value of warrants

 

(1.0)

%  

(0.6)

%

Acquisition facilitative expenses

 

(3.3)

%  

(2.1)

%

Change in valuation allowance

 

(40.4)

%  

(18.9)

%

Income tax provision

 

(23.7)

%  

(0.6)

%