SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
6 Months Ended |
7 Months Ended |
9 Months Ended |
12 Months Ended |
Jun. 30, 2025 |
Dec. 31, 2024 |
Sep. 30, 2025 |
Dec. 31, 2024 |
| Cayson Acquisition Corp [Member] |
|
|
|
|
| Restructuring Cost and Reserve [Line Items] |
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|
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| SCHEDULE OF NET INCOME LOSS REDEEMABLE AND NON REDEEMABLE SHARES |
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The
net income (loss) per share presented in the statements of operations is based on the following:
SCHEDULE
OF NET INCOME LOSS REDEEMABLE AND NON REDEEMABLE SHARES
| | |
Redeemable shares | | |
Non-Redeemable Shares | |
| | |
For The Period from
May 27, 2024
(Inception) through
December 31, 2024 | |
| | |
Redeemable shares | | |
Non-Redeemable Shares | |
| Basic and diluted net income per share | |
| | |
| |
| Numerators: | |
| | |
| |
| Allocation of net income | |
$ | 284,902 | | |
$ | 190,587 | |
| | |
| | | |
| | |
| Denominators: | |
| | | |
| | |
| Weighted-average shares outstanding | |
| 2,739,726 | | |
| 1,832,763 | |
| Basic and diluted net income per share | |
$ | 0.10 | | |
$ | 0.10 | |
|
The
net income per share presented in the statement of operations is based on the following:
SCHEDULE OF NET INCOME LOSS REDEEMABLE AND NON REDEEMABLE SHARES
| | |
Redeemable
shares | | |
Non-Redeemable
Shares | | |
Redeemable
shares | | |
Non-Redeemable
Shares | | |
Redeemable
shares | | |
Non-Redeemable
Shares | | |
Redeemable
shares | | |
Non-Redeemable
Shares | |
| | |
FOR
THE THREE MONTHS ENDED SEPTEMBER 30, 2025 | | |
FOR
THE THREE MONTHS ENDED SEPTEMBER 30, 2024 | | |
FOR
THE NINE MONTHS ENDED SEPTEMBER 30, 2025 | | |
FOR
THE PERIOD FROM MAY 27, 2024 (INCEPTION) THROUGH SEPTEMBER 30, 2024 | |
| | |
Redeemable
shares | | |
Non-Redeemable
Shares | | |
Redeemable
shares | | |
Non-Redeemable
Shares | | |
Redeemable
shares | | |
Non-Redeemable
Shares | | |
Redeemable
shares | | |
Non-Redeemable
Shares | |
| Basic
and diluted net income (loss) per share | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Numerators: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Allocation
of net income (loss) | |
| 318,472 | | |
| 97,134 | | |
| (6,895 | ) | |
| (24,383 | ) | |
| 922,483 | | |
| 281,358 | | |
| (15,754 | ) | |
| (75,443 | ) |
| Denominators: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Weighted-average
shares outstanding | |
| 6,000,000 | | |
| 1,830,000 | | |
| 521,739 | | |
| 1,845,000 | | |
| 6,000,000 | | |
| 1,830,000 | | |
| 377,953 | | |
| 1,809,961 | |
| Basic
and diluted net income (loss) per share | |
$ | 0.05 | | |
$ | 0.05 | | |
$ | (0.01 | ) | |
$ | (0.01 | ) | |
$ | 0.15 | | |
$ | 0.15 | | |
$ | (0.04 | ) | |
$ | (0.04 | ) |
|
|
| SCHEDULE OF ASSETS MEASURED AT FAIR VALUE ON RECURRING BASIS |
|
The
following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of December
31, 2024 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value.
SCHEDULE
OF ASSETS MEASURED AT FAIR VALUE ON RECURRING BASIS
| | |
| | |
Quoted | | |
Significant | | |
Significant | |
| | |
| | |
Prices in | | |
Other | | |
Other | |
| | |
As of | | |
Active | | |
Observable | | |
Unobservable | |
| | |
December 31, | | |
Markets | | |
Inputs | | |
Inputs | |
| | |
2024 | | |
(Level 1) | | |
(Level 2) | | |
(Level 3) | |
| Assets: | |
| | | |
| | | |
| | | |
| | |
| Investment held in trust account | |
$ | 60,752,079 | | |
$ | 60,752,079 | | |
$ | — | | |
$ | — | |
|
The
following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of September
30, 2025 and December 31, 2024 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such
fair value.
SCHEDULE OF ASSETS MEASURED AT FAIR VALUE ON RECURRING BASIS
| | |
| | |
Quoted | | |
Significant | | |
Significant | |
| | |
| | |
Prices
in | | |
Other | | |
Other | |
| | |
As
of | | |
Active | | |
Observable | | |
Unobservable | |
| | |
September
30, | | |
Markets | | |
Inputs | | |
Inputs | |
| | |
2025 | | |
(Level
1) | | |
(Level
2) | | |
(Level
3) | |
| Assets: | |
| | | |
| | | |
| | | |
| | |
| Cash
and investments held in trust account | |
$ | 62,676,305 | | |
$ | 62,676,305 | | |
$ | — | | |
$ | — | |
| | |
| | |
Quoted | | |
Significant | | |
Significant | |
| | |
| | |
Prices
in | | |
Other | | |
Other | |
| | |
As
of | | |
Active | | |
Observable | | |
Unobservable | |
| | |
December
31, | | |
Markets | | |
Inputs | | |
Inputs | |
| | |
2024 | | |
(Level
1) | | |
(Level
2) | | |
(Level
3) | |
| Assets: | |
| | | |
| | | |
| | | |
| | |
| Cash
and investments held in trust account | |
$ | 60,752,079 | | |
$ | 60,752,079 | | |
$ | — | | |
$ | — | |
|
|
| SCHEDULE OF ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION |
|
SCHEDULE
OF ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION
| | |
| | |
| Total public offering gross proceeds | |
$ | 60,000,000 | |
| Less: | |
| | |
| Proceeds allocated to public rights | |
| (720,000 | ) |
| Offering costs allocated to public shares subject to possible redemption | |
| (3,974,257 | ) |
| Proceeds and Offering costs allocated to public shares | |
| | |
| Plus: | |
| | |
| Accretion of carrying value to redemption value | |
| 4,694,257 | |
| Ordinary shares subject to possible redemption | |
$ | 60,000,000 | |
| | |
| | |
| Plus: | |
| | |
| Subsequent measurement of ordinary shares subject to possible redemption | |
| 752,079 | |
| Ordinary shares subject to possible redemption, as of December 31, 2024 | |
$ | 60,752,079 | |
|
As
of September 30, 2025 and December 31, 2024, the ordinary shares subject to possible redemption reflected in the balance sheet are reconciled
in the following table:
SCHEDULE OF ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION
| Total
public offering gross proceeds | |
$ | 60,000,000 | |
| Less: | |
| | |
| Proceeds
allocated to public rights | |
| (720,000 | ) |
| Offering
costs allocated to public shares subject to possible redemption | |
| (3,974,257 | ) |
| | |
| | |
| Plus: | |
| | |
| Accretion
of carrying value to redemption value | |
| 4,694,257 | |
| Ordinary
shares subject to possible redemption | |
$ | 60,000,000 | |
| | |
| | |
| Plus: | |
| | |
| Subsequent
measurement of ordinary shares subject to possible redemption | |
| 752,079 | |
| Ordinary
shares subject to possible redemption, as of December 31, 2024 | |
$ | 60,752,079 | |
| | |
| | |
| Plus: | |
| | |
| Subsequent
measurement of ordinary shares subject to possible redemption | |
| 1,924,226 | |
| Extension funds attributable to ordinary shares subject to redemption | |
| 600,000 | |
| Ordinary
shares subject to possible redemption, as of September 30, 2025 | |
$ | 63,276,305 | |
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| North Water Investment Group Holdings Limited [Member] |
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|
| Restructuring Cost and Reserve [Line Items] |
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|
|
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| SCHEDULE OF ESTIMATED USEFUL LIVES |
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SCHEDULE
OF ESTIMATED USEFUL LIVES
| Furniture and equipment |
|
3 – 5 years |
|
| Mango Financial Group Limited [Member] |
|
|
|
|
| Restructuring Cost and Reserve [Line Items] |
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|
|
|
| SCHEDULE OF ESTIMATED USEFUL LIVES |
SCHEDULE
OF ESTIMATED USEFUL LIVES
| Furniture
and equipment |
|
3
– 5 years |
|
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