v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net (loss) income $ (235,827) $ 22,595
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Interest earned on investment held in Trust Account (194,873) (693,260)
Deferred tax benefit (400) (6,750)
Change in operating assets and liabilities:    
Prepaid expenses 2,500 20,250
Prepaid income taxes 38,677
Prepaid franchise taxes 12,600
Accrued expenses 191,855 295,446
Income tax payable 149,752
Franchise tax payable 12,300
Net Cash Used in Operating Activities (185,468) (199,667)
Cash Flows from Investing Activities:    
Cash withdrawn from Trust Account for payment to redeeming stockholders 38,044,345
Purchase of investment held in Trust Account (150,000) (250,000)
Withdrawal of investment held in Trust Account to pay taxes 653,510
Net Cash (Used in) Provided by Investing Activities (150,000) 38,447,855
Cash Flows from Financing Activities:    
Redemption of common stock (38,044,345)
Proceeds from working capital and extension loans from related party 325,000 310,000
Repayments of working capital loans from related party (100,000)
Net Cash Provided by (Used in) Financing Activities 325,000 (37,834,345)
Net Change in Cash (10,468) 413,843
Cash at beginning of period 14,692 30,823
Cash at end of period 4,224 444,666
Supplemental Cash Flow Information    
Cash paid for income taxes
Cash paid for interest
Supplemental Disclosure of Non-cash Financing Activities    
Excise tax payable attributable to redemption of common stock 138,937 380,443
Accretion of subsequent measurement of common stock subject to redemption value 293,996 785,092
Payables due to redeeming stockholders $ 13,893,689