v3.25.2
Summary of Significant Accounting Policies (Tables)
3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2025
Jun. 30, 2025
Dec. 31, 2024
Accounting Policies [Abstract]      
Schedule of Common Stock Subject to Possible Redemption

As of March 31, 2025 and December 31, 2024, the shares of common stock subject to possible redemption reflected in the consolidated balance sheets is reconciled in the following table:

 

  

Schedule of Common Stock Subject to Possible Redemption

(As Restated)

 
   Shares   Amount 
Common stock subject to possible redemption, December 31, 2023   2,562,567    27,938,713 
Less:          
Redemptions   (2,285,056)   (26,890,379)
Plus:          
Remeasurement of carrying value to redemption value       2,175,180 
Common stock subject to possible redemption, December 31, 2024   277,511   $3,223,514 
Plus:          
Remeasurement of carrying value to redemption value (as restated)       162,099 
Common stock subject to possible redemption, March 31, 2025 (as restated)   277,511   $3,385,613 

As of June 30, 2025 and December 31, 2024, the shares of common stock subject to possible redemption reflected in the consolidated balance sheets is reconciled in the following table:

 

   Schedule of Common Stock Subject to Possible Redemption 
   Shares   Amount 
Common stock subject to possible redemption, December 31, 2023   2,562,567    27,938,713 
Less:          
Redemptions   (2,285,056)   (26,890,379)
Plus:          
Remeasurement of carrying value to redemption value       2,175,180 
Common stock subject to possible redemption, December 31, 2024   277,511   $3,223,514 
Plus:          
Remeasurement of carrying value to redemption value       162,099 
Common stock subject to possible redemption, March 31, 2025   277,511   $3,385,613 
Plus:          
Remeasurement of carrying value to redemption value       138,638 
Redemptions   (204,910)   (2,594,214)
Common stock subject to possible redemption, June 30, 2025   72,601   $930,037 

As of December 31, 2024 and 2023, the shares of common stock subject to possible redemption reflected in the consolidated balance sheets is reconciled in the following table:

 

  

Schedule of Common Stock Subject to Possible Redemption

(As Restated)

 
   Shares   Amount 
Common stock subject to possible redemption, December 31, 2022   11,500,000    117,864,419 
Less:          
Redemptions (paid in April and November 2023)   (8,937,433)   (93,521,369)
Plus:          
Remeasurement of carrying value to redemption value       3,595,663 
Common stock subject to possible redemption, December 31, 2023   2,562,567    27,938,713 
Plus:          
Remeasurement of carrying value to redemption value (as restated)       2,175,180 
Less:          
Redemptions   (2,285,056)   (26,890,379)
Common stock subject to possible redemption, December 31, 2024 (as restated)   277,511   $3,223,514 
Schedule of Net Loss Basic and Diluted Per Share

The following table reflects the calculation of basic and diluted net (loss) income per common share (in dollars, except per share amounts):

 

   2025   2024 
   For the Three Months Ended March 31, 
  

2025

(As Restated)

   2024 
Net loss  $(738,555)  $(375,307)
Remeasurement of common stock subject to redemption (as restated)   (162,099)   (455,764)
Net loss including remeasurement of common stock subject to redemption value (as restated)  $(900,654)  $(831,071)

 

   Redeemable   Non-redeemable   Redeemable   Non-redeemable 
   For the Three Months Ended March 31, 
  

2025

(As Restated)

   2024 
   Redeemable   Non-redeemable   Redeemable   Non-redeemable 
Basic and diluted net (loss) income per share of common stock                    
Numerator:                    
Allocation of net loss including remeasurement of common stock subject to redemption value (as restated)  $(67,143)  $(833,511)  $(354,499)  $(476,572)
Remeasurement of common stock subject to redemption (as restated)   162,099        455,764     
Allocation of net (loss) income, as adjusted (as restated)  $94,956   $(833,511)  $101,265   $(476,572)
Denominator:                    
Basic and diluted weighted average shares outstanding   277,511    3,445,000    2,562,567    3,445,000 
Basic and diluted net (loss) income per share of common stock (as restated)  $0.34   $(0.24)  $0.04   $(0.14)

The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts):

 

   2025   2024 
   For the Three Months Ended June 30, 
   2025   2024 
Net loss  $(893,896)  $(217,185)
Remeasurement of common stock subject to redemption   (138,638)   (440,824)
Net loss including remeasurement of common stock subject to redemption value  $(1,032,534)  $(658,009)

 

   Redeemable   Non-redeemable   Redeemable   Non-redeemable 
   For the Three Months Ended June 30, 
   2025   2024 
   Redeemable   Non-redeemable   Redeemable   Non-redeemable 
Basic and diluted net income (loss) per share of common stock                    
Numerator:                    
Allocation of net loss including remeasurement of common stock subject to redemption value  $(61,706)  $(970,828)  $(280,678)  $(377,331)
Remeasurement of common stock subject to redemption   138,638        440,824     
Allocation of net income (loss), as adjusted  $76,932   $(970,828)  $160,146   $(377,331)
Denominator:                    
Basic and diluted weighted average shares outstanding   218,965    3,445,000    2,562,567    3,445,000 
Basic and diluted net income (loss) per share of common stock  $0.35   $(0.28)  $0.06   $(0.11)

 

   2025   2024 
   For the Six Months Ended June 30, 
   2025   2024 
Net loss  $(1,632,451)  $(592,492)
Remeasurement of common stock subject to redemption   (300,737)   (896,588)
Net loss including remeasurement of common stock subject to redemption value  $(1,933,188)  $(1,489,080)

 

   Redeemable   Non-redeemable   Redeemable   Non-redeemable 
   For the Six Months Ended June 30, 
   2025   2024 
   Redeemable   Non-redeemable   Redeemable   Non-redeemable 
Basic and diluted net loss per share of common stock                    
Numerator:                    
Allocation of net loss including remeasurement of common stock subject to redemption value  $(129,859)  $(1,803,329)  $(635,177)  $(853,903)
Remeasurement of common stock subject to redemption   300,737        896,588     
Allocation of net income (loss), as adjusted  $170,878   $(1,803,329)  $261,411   $(853,903)
Denominator:                    
Basic and diluted weighted average shares outstanding   248,076    3,445,000    2,562,567    3,445,000 
Basic and diluted net income (loss) per share of common stock  $0.69   $(0.52)  $0.10   $(0.25)

The following table reflects the calculation of basic and diluted net (loss) income per common share (in dollars, except per share amounts):

 

   2024   2023 
   For the Years Ended December 31, 
  

2024

(As Restated)

   2023 
Net (loss) income  $(978,445)  $1,320,324 
Remeasurement of common stock subject to redemption (as restated)   (2,175,180)   (3,595,663)
Net loss including remeasurement of common stock subject to redemption value (as restated)  $(3,153,625)  $(2,275,339)

 

   Redeemable   Non-redeemable   Redeemable   Non-redeemable 
   For the Years Ended December 31, 
  

2024

(As Restated)

   2023 
   Redeemable   Non-redeemable   Redeemable   Non-redeemable 
Basic and diluted net loss per share of common stock                    
Numerator:                    
Allocation of net loss including remeasurement of common stock subject to redemption value (as restated)  $(1,302,885)  $(1,850,740)  $(1,423,357)  $(851,982)
Remeasurement of common stock subject to redemption (as restated)   2,175,180        3,595,663     
Allocation of net income (loss), as adjusted (as restated)  $872,295   $(1,850,740)  $2,172,306   $(851,982)
Denominator:                    
Basic and diluted weighted average shares outstanding   2,425,214    3,445,000    5,755,364    3,445,000 
Basic and diluted net income (loss) per share of common stock (as restated)  $0.36   $(0.54)  $0.38   $(0.25)