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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2024 | Dec. 31, 2023
Accounting Policies [Abstract] |  |
Summary of the Company's Current and Deferred Tax Provision | A summary of the Company’s current and deferred tax provision is as follows:
|  | For the three months ended March 31, |
|  | 2024 |  |  | 2023 |
Income tax expense: |  |  |  |  |  |  |  |
Federal |  | $ | 90,473 |  |  | $ | 29,321 |
State |  |  | — |  |  |  | — |
Total provision for income taxes |  | $ | 90,473 |  |  | $ | 29,321 |
| A summary of the Company’s current and deferred tax provision is as follows:
|  | Year ended December 31, 2023 |
Income tax expense: |  |  |  |
Federal |  | $ | 540,811 |
State |  |  | — |
Total income tax expense |  | $ | 540,811 |
Summary of Reconciliation of the U.S. Federal Statutory Income Tax Rate | A reconciliation of the U.S. federal statutory income tax rate to the Company’s effective income tax rate is as follows:
|  | For the three months ended March 31, |
|  | 2024 |  |  | 2023 |
Income tax expense: |  |  |  |  |  |  |  |
Provision/(benefit) at statutory rate |  |  | 21.0 | % |  |  | 21.0 | %
State tax provision/(benefit) net of federal benefit |  |  | 0.0 | % |  |  | 0.0 | %
Change in fair value of Warrants |  |  | 0.0 | % |  |  | 0.0 | %
Change in valuation |  |  | 0.0 | % |  |  | 0.0 | %
Other |  |  | 0.0 | % |  |  | 0.0 | %
Total income tax expense |  |  | 21.0 | % |  |  | 21.0 | %
| A reconciliation of the U.S. federal statutory income tax rate to the Company’s effective income tax rate is as follows:
|  | Year ended December 31, 2023 |
Income tax expense: |  |  |  |
Provision/(Benefit) at Statutory Rate |  |  | 21.0 | %
State Tax Provision/(Benefit) net of federal benefit |  |  | 0.0 | %
Change in FV of Warrants |  |  | 0.0 | %
Change in valuation |  |  | 0.0 | %
Other |  |  | 0.0 | %
Total income tax expense |  |  | 21.0 | %

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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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