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Condensed Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash $ 1,820,447 $ 1,879,227
Prepaid expenses 8,209 18,082
Short-term prepaid insurance 281,681 281,681
Total Current Assets 2,120,473 2,204,786
Long-term prepaid insurance 57,119 127,539
Investments held in Trust Account 121,565,683 120,000,366
TOTAL ASSETS 123,743,275 122,332,691
Current liabilities    
Accounts payable and accrued expenses 166,788 107,954
Franchise tax payable 162,961 112,343
Income taxes payable 981,484 819,453
TOTAL LIABILITIES 1,311,233 1,039,750
Commitments and Contingencies
COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION    
Class A common stock subject to possible redemption, 11,500,000 shares at redemption value of approximately $10.47 and $10.35 per share at March 31, 2024 and December 31, 2023, respectively 120,421,238 119,068,570
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at March 31, 2024 and December 31, 2023
Additional paid-in capital 297,488
Retained earnings 2,010,488 1,926,567
TOTAL STOCKHOLDERS’ EQUITY 2,010,804 2,224,371
TOTAL LIABILITIES, COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION, AND STOCKHOLDERS’ EQUITY 123,743,275 122,332,691
Sponsor    
Current assets    
Due from Sponsor 10,136 25,796
Class A Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock, value 28 28
Class B Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock, value $ 288 $ 288