XML 96 R19.htm IDEA: XBRL DOCUMENT v3.24.1

INCOME TAX (Tables)

12 Months Ended

Dec. 31, 2023

INCOME TAX

Schedule of net deferred tax assets

​

​	​	​	​	​	​	​
​		December 31,			December 31,
​	​	2023		​	2022
Deferred tax assets (liabilities)		​	​	​	​
Startup organizational expenses	​	$	1,558,190	​	$	562,030
Unrealized gain on marketable securities	​	​	—	​		(294,084)
Total deferred tax assets	​	​	1,558,190	​	​	267,946
Valuation allowance	​	​	(1,558,190)	​		(562,030)
Deferred tax assets (liabilities), net of valuation allowance	​	$	—	​	$	(294,084)

Schedule of income tax provision

​

​	​	​	​	​	​	​
​		December 31,			December 31,
​	​	2023		​	2022
Federal	​	​	​	​	​	​
Current	​	$	4,523,401	​	$	1,180,272
Deferred	​	​	(486,685)	​	​	(44,129)
State and Local	​	​	​	​	​	​
Current	​	​	1,862,831	​	​	—
Deferred	​	​	(803,558)	​	​	—
Change in valuation allowance	​	​	996,160	​	​	338,213
Income tax provision	​	$	6,092,149	​	$	1,474,356

Schedule of reconciliation of the federal income tax rate to the effective tax rate

​

​	​	​	​	​	​
​	​	December 31,	​	December 31,
​		2023		2022
Statutory federal income tax rate	​	21.00	%	21.00	%
State taxes, net of federal tax benefit	​	4.66	%	0.00	%
Business combination expense	​	2.71	%	0.00	%
Valuation allowance	​	5.55	%	6.30	%
Income tax provision	​	33.92	%	27.30	%

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration