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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Taxes [Abstract]

Schedule of Income Tax Provision

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

		December 31,				December 31,
		2023				2022
Current
Federal		$	762,045			$	467,991
State			—				—
Deferred
Federal			(673,365	)			(85,640	)
State			—				—
Change in valuation allowance			526,707				242,233
Income tax provision		$	615,387			$	624,584

Schedule of Deferred Tax Assets (Liability)

The Company’s net deferred tax assets (liability) is as follows as of December 31, 2023 and 2022:

		December 31,				December 31,
		2023				2022
Deferred tax assets
Net operating loss carryforward		$	896,030			$	369,323
Startup Costs			—				—
Total deferred tax assets			896,030				369,323
Valuation allowance			(896,030	)			(369,323	)
Deferred tax assets, net of allowance			—				—
Deferred tax liabilities			9,935				156,593
Unrealized interest on U.S. Treasuries		$	(9,935	)		$	(156,593	)

Schedule of Statutory Federal Income Tax Rate (Benefit)

A reconciliation of the statutory federal income tax rate (benefit) to the Company’s effective tax rate (benefit) is as follows:

		December 31,				December 31,
		2023				2022
Statutory federal income tax rate			21.0	%			21.0	%
Transaction costs warrants			0.0	%			0.0	%
Change in fair value of warrants			(316.1	)%			(17.9	)%
Change in fair value of Forward Purchase Agreement			(50.7	)%			0.0	%
Penalties & interest			(3.6	)%			0.0	%
True up – Start-up/Organization Costs			(7.1	)%			0.0	%
Change in valuation allowance			(1,466.2	)%			1.9	%
Income tax provision			1,721.3	%			5.0	%

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- 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

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
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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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