RELATED PARTY TRANSACTIONS |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | NOTE 7 – RELATED PARTY TRANSACTIONS
See Note 4 for discussion of the Company’s related party investment in Sponsor. Sponsor was founded and organized by certain of the Company’s executive officers and directors, who also serve as officers or directors of AIIA, with capital commitments from Sponsor’s founders and the Company.
Commencing on the effective date of AIIA’s IPO, the Sponsor agreed to pay the Company a total of up to $10,000 per month for office space, utilities, secretarial and administrative support to the Sponsor and AIIA. Upon completion of AIIA’s initial Business Combination or AIIA’s liquidation, the Sponsor will cease paying these monthly fees. For the three months ended March 31, 2026, the Company recorded income of $30,000 from the Sponsor under the Administrative Services Agreement, which is included in other income in the consolidated statements of operations. As of March 31, 2026 and December 31, 2025, the Company has recorded a receivable from Sponsor of $60,000 and $30,000, respectively, which is included in accounts receivable in the consolidated balance sheets.
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