Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

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BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash $ 200,059 $ 687,471
Prepaid expenses 62,174 150,250
Cash and marketable securities held in Trust Account 16,978,160 118,377,460
Total Current Assets 17,240,393 119,215,181
Total Assets 17,240,393 119,215,181
Current liabilities    
Accrued expenses 1,099,863 224,719
Promissory note – related party 416,841
Excise taxes payable 1,029,003
Income taxes payable 142,500 421,211
Total Current Liabilities 2,688,207 645,930
Common stock subject to possible redemption, $0.0001 par value; 1,582,797 and 11,500,000 shares at $10.71 per share and $10.24 per share redemption value as of December 31, 2023 and 2022, respectively 16,949,887 117,809,374
Stockholders’ (Deficit) Equity    
Common stock, $0.0001 par value; 50,000,000 shares authorized; 3,336,500 shares issued and outstanding (excluding 1,582,797 and 11,500,000 shares subject to possible redemption) as of December 31, 2023 and 2022, respectively 334 334
Additional paid-in capital 205,072
Accumulated (deficit) earnings (2,398,035) 554,471
Total Stockholders’ (Deficit) Equity (2,397,701) 759,877
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY $ 17,240,393 $ 119,215,181