| Schedule of reconciliation of common stock subject to possible redemption reflected in the balance sheets |
| Schedule of reconciliation of common stock subject to possible redemption reflected in the balance sheets |
|
|
|
|
| Gross
proceeds |
|
$ |
115,000,000 |
|
| Less: |
|
|
|
|
| Common
stock issuance costs |
|
|
(1,625,220 |
) |
| Plus: |
|
|
|
|
| Accretion
of carrying value to redemption value |
|
|
3,350,220 |
|
| Common
stock subject to possible redemption, December 31, 2021 |
|
|
116,725,000 |
|
| Plus: |
|
|
|
|
| Accretion
of carrying value to redemption value |
|
|
1,084,374 |
|
| Common
stock subject to possible redemption, December 31, 2022 |
|
|
117,809,374 |
|
| Less: |
|
|
|
|
| Shares
Redeemed |
|
|
(102,900,344 |
) |
| Plus: |
|
|
|
|
| Accretion
of carrying value to redemption value |
|
|
2,040,857 |
|
| Common
stock subject to possible redemption, December 31, 2023 |
|
$ |
16,949,887 |
|
|
| Schedule of calculation of basic and diluted net income (loss) per common share |
| Schedule of calculation of basic and diluted net income (loss) per common share |
|
|
|
|
|
|
|
|
| |
|
For
the
Year Ended
December 31,
2023 |
|
|
For
the
Year Ended
December 31,
2022 |
|
| Net
income (loss) |
|
$ |
(87,718 |
) |
|
$ |
722,115 |
|
| Accretion
of redeemable common stock to redemption amount |
|
|
(2,040,857 |
) |
|
|
(1,084,374 |
) |
| Excise
taxes on stock redemption |
|
|
(1,029,003 |
) |
|
|
- |
|
| Net
loss including accretion of temporary equity to redemption value |
|
$ |
(3,157,578 |
) |
|
$ |
(362,259 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For
the
Year Ended
December 31,
2023 |
|
|
For
the
Year Ended
December 31,
2022 |
|
| |
|
Redeemable common stock
|
|
|
Non-
redeemable
common stock
|
|
|
Redeemable
common stock
|
|
|
Non-
redeemable
common stock
|
|
| Basic
and diluted net income (loss) per common share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allocation
of net loss, including accretion of temporary equity to redemption value |
|
$ |
(2,050,365 |
) |
|
$ |
(1,107,213 |
) |
|
$ |
(280,793 |
) |
|
$ |
(81,466 |
) |
| Accretion
of common stock to redemption value |
|
|
2,040,857 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Excise
taxes on stock redemption |
|
|
1,029,003 |
|
|
|
- |
|
|
|
1,084,374 |
|
|
|
- |
|
| Net
income (loss) |
|
$ |
1,019,495 |
|
|
$ |
(1,107,213 |
) |
|
$ |
803,581 |
|
|
$ |
(81,466 |
) |
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic
and diluted weighted average shares outstanding |
|
|
6,178,617 |
|
|
|
3,336,500 |
|
|
|
11,500,000 |
|
|
|
3,336,500 |
|
| Basic
and diluted net income (loss) per common share |
|
$ |
0.17 |
|
|
$ |
(0.33 |
) |
|
$ |
0.07 |
|
|
$ |
(0.02 |
) |
|