XML 32 R24.htm IDEA: XBRL DOCUMENT v3.25.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2025
Summary of Significant Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives The lives used in computing depreciation for significant asset classes are as follow:

 

 

Estimated
useful lives

Machinery and Equipment

 

3 years

Vehicles

 

3 years
Schedule of Net Income Per Share of Common Stock Presented in the Condensed Consolidated Statements of Operations

The net income per share of common stock presented in the condensed consolidated statements of operations is based on the following for the three months ended March 31, 2025 and 2024:

 

 

Three Months Ended March 31,

 

 

2025

 

 

2024

 

 

Class A
Common Stock

 

 

Class B
Common Stock

 

 

Class A
Common Stock

 

 

Class B
Common Stock

 

Basic net income per share of common stock

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of net income

 

$

14,878,658

 

 

$

—

 

 

$

160,938,834

 

 

$

20,616,458

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

56,047,662

 

 

 

—

 

 

 

37,155,326

 

 

 

4,759,642

 

Basic net income per share of common stock

 

$

0.27

 

 

$

—

 

 

$

4.33

 

 

$

4.33

 

Diluted net income per share of common stock

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of net income

 

$

14,878,658

 

 

$

—

 

 

$

161,640,325

 

 

$

19,914,967

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Diluted weighted average shares outstanding

 

 

57,111,807

 

 

 

—

 

 

 

38,631,753

 

 

 

4,759,642

 

Diluted net income per share of common stock

 

$

0.26

 

 

$

—

 

 

$

4.18

 

 

$

4.18