Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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Operating expenses: | ||||
Formation and operational costs | $ 225,904 | $ 74,148 | $ 449,724 | $ 235,967 |
Loss from operations | 225,904 | 74,148 | 449,724 | 235,967 |
Other income: | ||||
Realized interest | 25,052 | 311,583 | 95,694 | 770,422 |
Unrealized gain | 2,832 | 154,730 | 2,832 | 154,730 |
Total other income | 27,884 | 466,313 | 98,526 | 925,152 |
Income (loss) before income taxes | (198,020) | 392,165 | (351,198) | 689,185 |
Income tax (benefit) expense | ||||
Net income (loss) | (198,020) | 392,165 | (351,198) | 689,185 |
Redeemable Shares [Member] | ||||
Other income: | ||||
Net income (loss) | $ 87,843 | $ 504,284 | $ 255,479 | $ 957,277 |
Basic weighted average shares outstanding | 168,639 | 3,202,416 | 359,485 | 3,202,416 |
Diluted weighted average shares outstanding | 168,639 | 3,202,416 | 359,485 | 3,202,416 |
Basic net income per share | $ 0.52 | $ 0.16 | $ 0.71 | $ 0.30 |
Diluted net income per share | $ 0.52 | $ 0.16 | $ 0.71 | $ 0.30 |
Non-Redeemable Shares [Member] | ||||
Other income: | ||||
Net income (loss) | $ (285,863) | $ (112,119) | $ (606,677) | $ (268,092) |
Basic weighted average shares outstanding | 3,205,000 | 3,205,000 | 3,205,000 | 3,205,000 |
Diluted weighted average shares outstanding | 3,205,000 | 3,205,000 | 3,205,000 | 3,205,000 |
Basic net income per share | $ (0.09) | $ (0.03) | $ (0.19) | $ (0.08) |
Diluted net income per share | $ (0.09) | $ (0.03) | $ (0.19) | $ (0.08) |
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- Definition Formation and operational costs. No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of unrealized gain (loss) on investment in marketable security. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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- Details
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