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Summary Of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2024
Accounting Policies [Abstract] |
Schedule Of Stock By Class | A reconciliation of net income per share is as follows for the three months ended March 31, 2024:
|  | Class A subject to possible redemption |  |  | Class A Perm |  |  | Class B |
Allocation of undistributable income |  | $ | 103,652 |  |  | $ | 1,037 |  |  | $ | 25,913 |
Weighted average shares outstanding, basic and diluted |  |  | 5,421,000 |  |  |  | 54,210 |  |  |  | 1,355,250 |
Basic and diluted net income per share |  | $ | 0.02 |  |  | $ | 0.02 |  |  | $ | 0.02 |
A reconciliation of net loss per share is as follows for the three months ended March 31, 2023:
|  | Class A subject to possible redemption |  |  | Class A Perm |  |  | Class B |
Allocation of undistributable loss |  | $ | (34,186 | ) |  | $ | (342 | ) |  | $ | (8,256 | )
Weighted average shares outstanding, basic and diluted |  |  | 5,421,000 |  |  |  | 54,210 |  |  |  | 1,309,208 |
Basic and diluted net loss per share |  | $ | (0.01 | ) |  | $ | (0.01 | ) |  | $ | (0.01 | )
Schedule of Temporary Equity By Class Of Stock | The reconciliation of Class A common stock subject to possible redemption as of March 31, 2024 is as follows:
Gross proceeds from sale of Public Units |  | $ | 54,210,000 |
Less: Proceeds allocated to Public Warrants |  |  | (1,218,153 | )
Less: Proceeds allocated to underwriters’ over-allotment option |  |  | (134,584 | )
Less: Issuance costs allocated to Class A common stock subject to possible Redemption |  |  | (3,928,774 | )
Accretion to redemption value |  |  | 9,672,678 |
Class A common stock subject to possible redemption |  | $ | 58,601,167 |
The reconciliation of Class A common stock subject to possible redemption as of December 31, 2023 is as follows:
Gross proceeds from sale of Public Units |  | $ | 54,210,000 |
Less: Proceeds allocated to Public Warrants |  |  | (1,218,153 | )
Less: Proceeds allocated to underwriters’ over-allotment option |  |  | (134,584 | )
Less: Issuance costs allocated to Class A common stock subject to possible Redemption |  |  | (3,928,774 | )
Accretion to redemption value |  |  | 7,138,931 |
Class A common stock subject to possible redemption |  | $ | 56,067,420 |

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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 + Details
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- Definition Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480244/480-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (27) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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