Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:    
Net (loss) income $ (87,718) $ 722,115
Adjustment to reconcile net (loss) income to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account (2,967,733) (1,684,555)
Change in fair value of due to non-redeeming stockholders 480,000  
Changes in operating assets and liabilities:    
Prepaid expenses 88,076 187,677
Accrued expenses 875,144 110,033
Income taxes payable (278,711) 421,211
Net cash used in operating activities (1,890,942) (243,519)
Cash Flows from Investing Activities:    
Investment of cash into Trust Account (45,000)
Cash withdrawn from Trust Account to pay franchise and income taxes 1,511,689 32,095
Cash withdrawn from Trust Account in connection with redemption 102,900,344
Net cash provided by investing activities 104,367,033 32,095
Cash Flows from Financing Activities:    
Proceeds from promissory note - related party 466,700
Repayment of promissory note - related party (49,859)
Payments to non-redeeming stockholders (480,000)
Redemption of common stock (102,900,344)
Net cash used in financing activities (102,963,503)
Net Change in Cash (487,412) (211,424)
Cash – Beginning of period 687,471 898,895
Cash – End of period 200,059 687,471
Non-cash financing activities:    
Change in value of Class A common stock subject to possible redemption 2,040,857 1,084,374
Excise taxes on stock redemption 1,029,003
Supplemental information    
Income taxes paid $ 1,089,370