XML 47 R39.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Tables)

9 Months Ended

12 Months Ended

Dec. 31, 2023

Sep. 30, 2023

Dec. 31, 2022

Accounting Policies [Abstract]

Schedule of reconciliation of ordinary shares subject to possible redemption


Class A ordinary shares subject to possible redemption at December 31, 2021		$	232,300,000
Remeasurement of Class A ordinary shares to redemption value			2,316,046
Class A ordinary shares subject to possible redemption at December 31, 2022		$	234,616,046
Remeasurement of Class A ordinary shares to redemption value			4,711,256
Redemption of Class A ordinary shares			(189,434,603	)
Class A ordinary shares subject to possible redemption at September 30, 2023 (unaudited)		$	49,892,699


Gross proceeds		$	230,000,000
Less:
Class A ordinary shares issuance costs			(21,834,402	)
Fair value of Public Warrants at issuance			(5,784,500	)
Plus:
Remeasurement of Class A ordinary shares to redemption value			29,918,902
Class A ordinary shares subject to possible redemption at December 31, 2021		$	232,300,000
Remeasurement of Class A ordinary shares to redemption value			2,316,046
Class A ordinary shares subject to possible redemption at December 31, 2022		$	234,616,046

Schedule of Income Per Share, Basic and Diluted


Numerator:
Net income / (loss) attributable to controlling interest for the period from November 6, 2023 through December 31, 2023		$	(16,626	)

Denominator:
Weighted average shares outstanding of Class A ordinary shares, basic and diluted for the period from November 6, 2023 through December 31, 2023			15,389,062

Net loss per share Ordinary Shares
Basic		$	(1.08	)
Diluted		$	(1.08	)


		For The Three Months Ended September 30, 2023				For The Three Months Ended September 30, 2022				For The Nine Months Ended September 30, 2023				For The Nine Months Ended September 30, 2022
Redeemable Class A Ordinary Shares
Numerator: Net (loss) income allocable to Redeemable Class A Ordinary Shares
Net (loss) income allocable to Redeemable Class A Ordinary Shares		$	(685,915	)		$	(278,460	)		$	(682,886	)		$	7,700,858
Denominator: Weighted Average Share Outstanding, Redeemable Class A Ordinary Shares
Basic and diluted weighted average shares outstanding, Redeemable Class A			4,718,054				23,000,000				11,615,638				23,000,000
Basic and diluted net (loss) income per share, Class A ordinary shares subject to possible redemption		$	(0.15	)		$	(0.01	)		$	(0.06	)		$	0.33

Non-Redeemable Class B Ordinary Shares
Numerator: Net (loss) income allocable to non-redeemable Class B Ordinary Shares
Net (loss) income allocable to non-redeemable Class B Ordinary Shares		$	(835,940	)		$	(69,615	)		$	(338,044	)		$	1,925,214
Denominator: Weighted Average Non-Redeemable Class B Ordinary Shares			5,750,000				5,750,000				5,750,000				5,750,000
Basic and diluted net (loss) income per share, Class B non-redeemable ordinary shares		$	(0.15	)		$	(0.01	)		$	(0.06	)		$	0.33

Schedule of income (loss) per share, basic and diluted
		For The Year Ended December 31, 2022				For the period from March 5, 2021 (Inception) through December 31, 2021
Redeemable Class A Ordinary Shares
Numerator: Net income (loss) allocable to Redeemable Class A Ordinary Shares		$	7,807,770			$	(1,322,260	)
Denominator: Weighted Average Share Outstanding, Redeemable Class A Ordinary Shares			23,000,000				5,158,940
Basic and diluted net income (loss) per share, Redeemable Class A		$	0.34			$	(0.26	)

Non-Redeemable Class B Ordinary Shares
Numerator: Net income (loss) allocable to non-redeemable Class B Ordinary Shares		$	1,951,943			$	(1,311,439	)
Denominator: Weighted Average Non-Redeemable Class B Ordinary Shares			5,750,000				5,116,722
Basic and diluted net income (loss) per share, non-redeemable ordinary shares		$	0.34			$	(0.26	)

Schedule of Concentration of credit risk


		Three Months Ended December 31,								Nine Months Ended December 31,
		2023				2022				2023				2022
Customer 1			13.9	%			16.2	%			14.4	%			16.5	%
Customer 2			12.9	%			15.6	%			12.7	%			15.4	%
Customer 3			n/a				14.7	%			10.3	%			12.8	%
Customer 4			n/a				10.0	%			n/a				10.1	%
Customer 5			n/a				10.0	%			n/a				n/a

Schedule of allowance for credit losses

Schedule of allowance for credit losses
		Nine Months Ended December 31, 2023
Opening balance as of March 31, 2023		$	-
Transition period adjustment on accounts receivables (through retained earnings) pursuant to ASC 326			149
Adjusted balance as of April 1, 2023		$	149
Additions charged to cost and expense			1,084
Closing balance as of December 31, 2023		$	1,233

Schedule of allowance for credit losses

Schedule of allowance for credit losses
		Nine Months Ended December 31, 2023
Opening balance as of March 31, 2023		$	-
Transition period adjustment on long term investments (through retained earnings) pursuant to ASC 326			126
Adjusted balance as of April 1, 2023		$	126
Additions charged to change in provision for credit losses			3
Closing balance as of December 31, 2023		$	129

Schedule of impact of the Company adoption


		As Reported March 31, 2023				Impact of Adoption				Balance as of April 1, 2023
Accumulated retained earnings (deficit)			6,318				(190	)			6,128
Noncontrolling interests			1,279				(33	)			1,246
Accounts receivable, net			13,416				(149	)			13,267
Prepaid expenses and other current assets			4,117				-				4,117
Other current liabilities			4,201				21				4,222
Other assets			2,259				(1	)			2,258
Long-term investments			1,564				(126	)			1,438
Deferred tax asset			1,237				75				1,312