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Income Taxes (Tables) - Flame Acquisition Corp [Member]

12 Months Ended

Dec. 31, 2023

Income Tax [Line Items]

Summary Of Net Deferred Tax Assets

The Company’s net deferred tax assets at December 31, 2023 and 2022, are as follows:

		December 31, 2023				December 31, 2022
Deferred tax asset
Start-up/organization costs		$	1,800,897			$	1,560,694
Total deferred tax assets			1,800,897				1,560,694
Valuation allowance			(1,800,897	)			(1,560,694	)
Deferred tax assets, net of allowance		$	—			$	—

Summary Of Income Tax Provision

The income tax provision for the years ended December 31, 2023 and 2022, consists of the following:

		Years Ended December 31,
		2023				2022
Current
Federal		$	914,318			$	757,069
State			—				—
Deferred
Federal			(240,203	)			(1,210,347	)
State			—				—
Change in valuation allowance			240,203				1,210,347
Income tax provision		$	914,318			$	757,069

Summary Of Reconciliation Of The Federal Income Tax Rate(Benefit) And Effective Tax Rate(Benefit)

A reconciliation of the federal income tax rate to the Company’s effective tax rate at December 31, 2023 and 2022, is as follows:

		Years Ended December 31,
		2023				2022
Income tax at statutory rate			21.0	%			21.0	%
Change in valuation allowance			(0.8	)%			(66.0	)%
Fair value adjustments of warrants and convertible notes			(20.6	)%			3.7	%
Merger related expenses			(2.4	)%			—
Other			(0.1	)%			—
Income tax expense			(2.9	)%			(41.3	)%

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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.

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-Topic 740
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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.

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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.

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