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Net Loss Per Share (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2024

Dec. 31, 2023

Net Loss Per Share [Abstract]

Schedule of Computation of the Basic and Diluted Income per Share of Class A Common Stock

The following table presents the computation of the basic and diluted income per share of Class A Common Stock for the period of March 13, 2024 (the Closing Date) to September 30, 2024:

		Three months ended September 30, 2024				Nine months ended September 30, 2024
Numerator
Net income attributable to Class A common shareholders		$	(424,262	)		$	(2,233,543	)
Denominator
Basic and diluted weighted-average shares of Class A common stock outstanding			5,053,942				3,696,721
Net income per share of Class A common stock – basic and diluted		$	(0.08	)		$	(0.60	)

The earnings per share presented in the statement of operations is based on the following:

		Year Ended December 31, 2023				Year Ended December 31, 2022
Net (loss) income		$	(3,001,194	)		$	14,334,250
Accretion of temporary equity to redemption value			6,167,983				(3,984,431	)
Net income including accretion of temporary equity to redemption value		$	3,166,789			$	10,349,819

		Year Ended December 31, 2023							Year Ended December 31, 2022
		Redeemable Class A				Non-redeemable Class A and Class B			Redeemable Class A			Non-redeemable Class A and Class B
Basic and diluted net (loss) income per share
Numerator:
Allocation of net (loss) income including accretion of temporary equity		$	1,140,044			$	2,026,745		$	8,279,855		$	2,069,964
Allocation of accretion of temporary equity to redemption value			(6,167,983	)			—			3,984,431			—
Allocation of net (loss) income		$	(5,027,939	)		$	2,026,745		$	12,264,286		$	2,069,964
Denominator:
Weighted-average shares outstanding			3,821,284				6,900,000			27,600,000			6,900,000
Basic and diluted net (loss) income per share		$	(1.32	)		$	0.29		$	0.44		$	0.30

Schedule of Excluded from the Computation of Diluted Net Earnings per Share of Class A Common Stock

The following table presents potentially dilutive securities, as of the end of the period, excluded from the computation of diluted net earnings per share of Class A Common Stock.

		Three months ended September 30, 2024		Nine months ended September 30, 2024
Warrants(1)					13,800,000		13,800,000
Series A Preferred Stock(2)		1,500,000		1,500,000

(1)      Represents number of instruments outstanding at the end of the period that were evaluated under the treasury stock method for potentially dilutive effects and were determined to be anti-dilutive.

(2)      Represents number of Preferred Units outstanding at the end of the period that were excluded using the if-converted method.

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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