SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
4 Months Ended |
7 Months Ended |
Dec. 31, 2025 |
Dec. 31, 2025 |
| Pelican Holdco Inc [Member] |
|
|
| Schedule of segment information |
| Schedule of segment |
|
|
|
| |
|
For the
Period from
September 5, 2025
(Inception) to
December 31,
2025 |
|
| General and administrative expenses |
|
$ |
88,845 |
|
|
|
| Schedule of deferred tax assets and liabilities |
| Schedule of deferred tax assets and liabilities are: |
|
|
|
|
| |
|
For the
Period from
September 5, 2025
(Inception) to
December 31,
2025 |
|
| Deferred tax assets: |
|
|
|
| Deferred start-up and organizational expenditures |
|
$ |
(18,658 |
) |
| Total deferred tax assets, net |
|
|
(18,658 |
) |
| Valuation allowance |
|
|
18,658 |
|
| Deferred tax assets, net of valuation allowance |
|
$ |
- |
|
The reconciliation of the statutory federal income tax with the provision (benefit) for income taxes is as follows:
| Schedule of reconciliation of the statutory federal income tax |
|
|
|
|
|
|
|
|
| |
|
For the
Period from
September 5, 2025
(Inception) to
December 31,
2025 |
|
| Income tax benefit at federal statutory rate |
|
|
18,658 |
|
|
|
21.0 |
% |
| Income tax (benefit) at state statutory rate |
|
|
- |
|
|
|
- |
|
| Change in valuation allowance |
|
|
(18,658 |
) |
|
|
21.0 |
% |
| Permanent differences |
|
|
- |
|
|
|
- |
|
| Total income tax provision (benefit) |
|
$ |
- |
|
|
|
0 |
% |
|
|
| Schedule of reconciliation of statutory federal income tax |
| Schedule of reconciliation of the statutory federal income tax |
|
|
|
|
|
|
|
|
| |
|
For the
Period from
September 5, 2025
(Inception) to
December 31,
2025 |
|
| Income tax benefit at federal statutory rate |
|
|
18,658 |
|
|
|
21.0 |
% |
| Income tax (benefit) at state statutory rate |
|
|
- |
|
|
|
- |
|
| Change in valuation allowance |
|
|
(18,658 |
) |
|
|
21.0 |
% |
| Permanent differences |
|
|
- |
|
|
|
- |
|
| Total income tax provision (benefit) |
|
$ |
- |
|
|
|
0 |
% |
|
|
| Greenland Exploration Limited |
|
|
| Schedule of segment information |
|
| Schedule of segment information |
|
|
|
|
| |
|
For the
period
June 9, 2025
(inception) to
December 31,
2025 |
|
| General and administrative expenses |
|
$ |
176,575 |
|
| Cash |
|
$ |
36,051 |
|
|
| Schedule of deferred tax assets and liabilities |
|
| Schedule of deferred tax assets and liabilities |
|
|
|
|
| |
|
For the
Period from
June 9, 2025
(Inception) to
December 31,
2025 |
|
| Deferred tax assets: |
|
|
|
|
| Deferred start-up and organizational expenditures |
|
$ |
(37,081 |
) |
| Total deferred tax assets, net |
|
|
(37,081 |
) |
| Valuation allowance |
|
|
37,081 |
|
| Deferred tax assets, net of valuation allowance |
|
$ |
- |
|
|
| Schedule of reconciliation of statutory federal income tax |
|
| Schedule of reconciliation of statutory federal income tax |
|
|
|
|
|
|
|
|
| |
|
For the
Period from
June 9, 2025
(Inception) to
December 31,
2025 |
|
| Income tax benefit at federal statutory rate |
|
|
37,081 |
|
|
|
21.0 |
% |
| Income tax (benefit) at state statutory rate |
|
|
- |
|
|
|
- |
|
| Change in valuation allowance |
|
|
(37,081 |
) |
|
|
21.0 |
% |
| Permanent differences |
|
|
- |
|
|
|
- |
|
| Total income tax provision (benefit) |
|
$ |
- |
|
|
|
0 |
% |
|
| Schedule of Net loss per share |
|
| Schedule of Net loss per share |
|
|
|
|
| Net loss from June 9, 2025 (inception) to December 31, 2025 |
|
$ |
(176,575 |
) |
| |
|
For the
Period
June 9, 2025
(inception) to
December 31,
2025 |
|
| Total number of shares |
|
|
1,500,000 |
|
| Ownership percentage |
|
|
100 |
% |
| Total loss allocated |
|
|
(116,575 |
) |
| Total income (loss) |
|
|
(116,575 |
) |
| |
|
|
|
|
| Weighted average shares |
|
|
1,441,463 |
|
| Earnings (loss) per share |
|
|
(0.08 |
) |
|