XML 76 R7.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income (loss) $ (60,430) $ 110,305 $ 403,780 $ (35,388)
Adjustments to reconcile net income (loss) to net cash used in operating activities:        
Interest earned on investments held in the Trust Account (480,824) (417,728) (2,775,291)  
Changes in operating assets and liabilities:        
Prepaid expenses (57,335) (81,073) (7,208)  
Accounts payable and accrued expenses 466,334 340,070 1,035,391 31,153
Income taxes payable 90,473   524,562  
Net cash flows used in operating activities (41,782) (48,426) (818,766) (4,235)
CASH FLOWS FROM INVESTING ACTIVITIES        
Cash withdrawn from Trust Account for payment to redeeming stockholders     35,995,728  
Investment of cash in Trust Account     (180,000)  
Cash deposited in Trust Account (120,000) (70,207,500) (70,207,500)  
Withdrawal of interest from Trust Account     561,957  
Net cash flows used in investing activities (120,000) (70,207,500) (33,829,815)  
CASH FLOWS FROM FINANCING ACTIVITIES        
Redemption of common stock     (35,995,728)  
Proceeds from Initial Public Offering, net of underwriters' fees 0 59,670,000 59,670,000  
Proceeds from note payable - related party 135,000 0    
Payment of offering costs 0 (1,447,273) (1,447,273) (683,021)
Net cash flows provided by financing activities 150,000 70,480,227 34,539,499 123,979
NET CHANGE IN CASH (11,782) 224,301 (109,082) 119,744
CASH, BEGINNING OF PERIOD 15,419 124,501 124,501 4,757
CASH, END OF PERIOD 3,637 348,802 15,419 124,501
Supplemental disclosures of cash flow information        
Income taxes     16,249  
Supplemental disclosure of noncash investing and financing activities        
Excise tax payable 359,957   359,957  
Deferred underwriters' discount payable charged to additional paid-in capital 0 2,070,000 2,070,000  
Deferred offering costs included in accrued offering costs       12,362
Over-Allotment Option [Member]        
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from over-allotment option 0 9,157,500 9,157,500  
Private Placement [Member]        
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from private placement 0 4,300,000 4,300,000  
Sponsor [Member]        
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from note payable - related party     0 800,000
Repayments to note payable - Sponsor 0 (1,200,000) (1,200,000)  
Affiliated Entity [Member]        
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from affiliate $ 15,000 $ 0 395,000 17,000
Repayments to affiliate     $ (340,000) $ (10,000)