STATEMENTS OF CASH FLOWS - USD ($) |
3 Months Ended | |
|---|---|---|
Mar. 31, 2026 |
Mar. 31, 2025 |
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| Cash flows from operating activities: | ||
| Net loss | $ (662,633) | $ (412,167) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Change in fair value of Sponsor Warrants liability | (6,856) | (30,595) |
| (Increase)/decrease in operating assets: | ||
| Prepaid expenses | (26,517) | (26,871) |
| Increase/(decrease) in operating liabilities: | ||
| Accrued expenses | 350,389 | (22,517) |
| Advisor Warrants liability | (1,000,000) | |
| Net cash used in operating activities | (1,345,617) | (492,150) |
| Cash flows from financing activities: | ||
| Net change in cash and cash equivalents and cash held in segregated account | (1,345,617) | (492,150) |
| Cash and cash equivalents and cash held in segregated account-beginning of period | 25,081,652 | 28,071,496 |
| Cash and cash equivalents and cash held in segregated account-end of period | $ 23,736,035 | $ 27,579,346 |
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- Definition Advisor Warrants Liability. No definition available.
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- References No definition available.
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- Definition Amount of cash and cash equivalent, and cash and cash equivalent restricted to withdrawal or usage; attributable to continuing operation. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of increase (decrease) in cash and cash equivalent, and cash and cash equivalent restricted to withdrawal or usage; including effect from exchange rate change and including, but not limited to, discontinued operation. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- References No definition available.
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- Definition The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from operating activity, including, but not limited to, discontinued operation. Operating activity includes, but is not limited to, transaction, adjustment, and change in value not defined as investing or financing activity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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