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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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- References

No definition available.

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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

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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

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