XML 81 R6.htm IDEA: XBRL DOCUMENT v3.24.4
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:        
Net income (loss) $ (1,444,875) $ 4,202,024 $ 4,443,634 $ 1,115,764
Adjustments to reconcile net income to net cash used in operating activities:        
Non-redemption agreement expense 838,825 708,400 708,400
Interest expense 323,197    
Interest income earned on investments held in trust account (2,353,695) (9,027,924) (11,207,609) (3,619,061)
Non-redemption agreement expense    
Changes in operating assets and liabilities:        
Prepaid expenses 78,400 152,849 (7,499) 401,507
Prepaid income taxes 58,369 (51,084) (83,503)
Reimbursement receivable     1,155,000
Accounts payable and accrued expenses 174,444 335,969 290,047 33,932
Due to related party 270,000 (21,535) 5,084
Income tax payable (359,410) (359,410) 359,410
Net cash used in operating activities (2,055,335) (4,039,176) (5,082,475) (1,703,364)
Cash Flows from Investing Activities:        
Principal deposited in Trust Account     (28,980,354)
Cash withdrawn from Trust Account for tax purposes     3,014,566 548,195
Cash withdrawn from Trust Account in connection with redemption 115,489,643 96,791,644 96,791,644
Cash withdrawn from Trust Account to pay franchise and income taxes 520,930 2,492,046    
Net cash provided by investing activities 116,010,573 99,283,690 99,806,210 (28,432,159)
Cash Flows from Financing Activities:        
Proceeds from sale of public units and private placement units in over-allotment     28,980,362
Proceeds from promissory note 550,000 2,025,000
Proceeds from related party loans 975,000 1,500,000    
Redemption of common stock (115,489,643) (96,791,644) (96,791,644)
Net cash used in financing activities (113,964,643) (95,291,644) (94,766,644) 28,980,362
Net Change in Cash (9,405) (47,130) (42,909) (1,155,161)
Cash – Beginning of period 29,844 72,753 72,753 1,227,914
Cash – End of period 20,439 25,623 29,844 72,753
Cash paid for income taxes 424,000 2,277,000 2,768,000
Supplemental disclosure of noncash investing and financing activities:        
Excise tax on stock redemption 1,154,897 967,916 967,916
Deferred underwriting payable charged to additional paid-in capital     8,704,270 1,004,270
Supplemental information:        
Cash paid for income taxes $ 424,000 $ 2,277,000 $ 2,768,000