v3.25.2
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
OPERATING EXPENSES                
General and administrative expenses $ 333,827 $ 270,256 $ 419,611 $ 603,471 $ 604,083 $ 1,023,082 $ 1,569,710 $ 991,868
Provision for franchise tax expense (16,400) 50,000 50,000 (6,338) 33,600 43,662 143,662 183,956
Total operating expenses (317,427) (320,256) (469,611) (597,133) (637,683) (1,066,744) (1,713,372) (1,175,824)
OTHER INCOME (LOSS)                
Income on cash and investments held in Trust Account 34,237 32,099 344,645 342,667 66,336 687,312 1,285,520 3,090,407
Tax penalties and interest (133,677) (163,662) (2,356) (297,339) (2,356) (121,630) (11,888)
Interest expense (451,629) (285,197) (43,602) (33,395) (736,826) (76,997) (188,203) (57,255)
Change in fair value of warrant liabilities (18,525) (1,539) (14,820) (11,799) (20,064) (26,619) (855) 4,389
Total other income, net (569,594) (418,299) 286,223 295,117 (987,893) 581,340 974,832 3,025,653
(Loss) income before provision for income taxes (887,021) (738,555) (183,388) (302,016) (1,625,576) (485,404) (738,540) 1,849,829
Provision for income taxes (6,875) (33,797) (73,291) (6,875) (107,088) (239,905) (529,505)
NET (LOSS) INCOME $ (893,896) $ (738,555) $ (217,185) $ (375,307) $ (1,632,451) $ (592,492) $ (978,445) $ 1,320,324
Redeemable Common Stock [Member]                
OTHER INCOME (LOSS)                
Basic weighted average shares outstanding Common stock - non-redeemable 218,965 277,511 2,562,567 2,562,567 248,076 2,562,567 2,425,214 5,755,364
Diluted weighted average shares outstanding Common stock - non-redeemable 218,965 277,511 2,562,567 2,562,567 248,076 2,562,567 2,425,214 5,755,364
Basic net loss per share, Common stock - non-redeemable (as restated) $ 0.35 $ 0.34 $ 0.06 $ 0.04 $ 0.69 $ 0.10 $ 0.36 $ 0.38
Diluted net loss per share, Common stock - non-redeemable (as restated) $ 0.35 $ 0.34 $ 0.06 $ 0.04 $ 0.69 $ 0.10 $ 0.36 $ 0.38
Non Redeemable Common Stock [Member]                
OTHER INCOME (LOSS)                
Basic weighted average shares outstanding Common stock - non-redeemable 3,445,000 3,445,000 3,445,000 3,445,000 3,445,000 3,445,000 3,445,000 3,445,000
Diluted weighted average shares outstanding Common stock - non-redeemable 3,445,000 3,445,000 3,445,000 3,445,000 3,445,000 3,445,000 3,445,000 3,445,000
Basic net loss per share, Common stock - non-redeemable (as restated) $ (0.28) $ (0.24) $ (0.11) $ (0.14) $ (0.52) $ (0.25) $ (0.54) $ (0.25)
Diluted net loss per share, Common stock - non-redeemable (as restated) $ (0.28) $ (0.24) $ (0.11) $ (0.14) $ (0.52) $ (0.25) $ (0.54) $ (0.25)