v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash $ 885 $ 9,754
Prepaid expense and other 3,930 3,930
Total Current Assets 4,815 13,684
Cash held in Trust Account 1,168,644 3,749,377
Total Assets 1,173,459 3,763,061
Current liabilities:    
Accounts payable and accrued expenses 1,265,056 969,883
Income taxes payable 955,887 888,426
Excise tax payable 913,292 750,608
Promissory notes - Evie 1,003,995 1,003,995
Due to related parties 2,153,962 1,811,700
Total Current Liabilities 6,292,192 5,424,612
Warrant liability 25,984 12,180
Redemptions payable 972,722
Deferred underwriters’ discount 225,000 225,000
Total Liabilities 7,515,898 5,661,792
Commitments and Contingencies    
Common stock subject to possible redemption 16,353 and 324,748 at redemption value on June 30, 2025 and December 31, 2024, respectively 608,298 4,084,139
Stockholders’ Deficit    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; no shares issued or outstanding
Common stock, par value $0.01; authorized 100,000,000 shares; issued 4,061,166 and 4,286,248 shares; and outstanding 2,524,000 and 2,524,000 shares (excluding 16,353 and 324,748 shares subject to redemption and 1,437,500 Treasury Stock shares) on June 30, 2025 and December 31, 2024, respectively 39,615 39,615
Additional paid-in capital
Accumulated deficit (6,975,977) (6,008,110)
Less Treasury Stock; at cost; 1,437,500 common shares (14,375) (14,375)
Total Stockholders’ Deficit (6,950,737) (5,982,870)
Total Liabilities, Redeemable Common Stock and Stockholders’ Deficit $ 1,173,459 $ 3,763,061