Annual report pursuant to Section 13 and 15(d)

INCOME TAX (Tables)

v3.24.1
INCOME TAX (Tables)
12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of company's net deferred tax asset
               
    December 31,
2023
    December 31,
2022
 
Deferred tax assets                
Net operating loss carryforward   $ -     $ -  
Startup/Organizational expenses     756,241       147,861  
Total deferred tax assets     756,241       147,861  
Valuation allowance     (756,241 )     (147,861)  
Deferred tax assets, net of valuation allowance   $ -     $ -  
Components of income tax provision
               
    Year Ended
December 31,
2023
    Year Ended
December 31,
2022
 
Federal                
Current   $ 810,659     $ 421,211  
Deferred     (456,612 )     (75,979 )
                 
State and Local                
Current     -       -  
Deferred     (151,769 )     (36,886 )
                 
Change in valuation allowance     603,381       112,865  
                 
Income tax provision   $ 810,659     $ 421,211  
Reconciliation of the federal income tax rate to the Company's effective tax rate
               
    Year Ended
December 31,
2023
    Year Ended
December 31,
2022
 
Statutory federal income tax rate     21.0 %     21.0 %
State taxes, net of federal tax benefit     6.98 %     6.98 %
Valuation allowance     84.15 %     8.85 %
Income tax provision     112.13 %     36.84 %