v3.24.2.u1
INCOME TAX (Tables)
12 Months Ended
Dec. 31, 2023
INCOME TAX  
Schedule of net deferred tax assets (liability)

​

​

​

​

​

​

​

​

​

    

December 31,

    

December 31,

​

​

2023

​

2022

Deferred tax assets (liability)

 

​

  

 

​

  

Net operating loss carryforward

​

$

—

​

$

—

Unrealized gain on marketable securities

​

 

—

​

 

—

Business combination expenses

​

 

437,530

​

 

427,319

Start up costs

​

 

974,835

​

 

745,713

Total deferred tax assets (liability)

​

 

1,412,365

​

 

1,173,032

Valuation Allowance

​

 

(1,412,365)

​

 

(1,173,032)

Deferred tax assets (liability), net of allowance

​

$

—

​

$

—

Schedule of income tax (benefit) provision

​

​

​

​

​

​

​

​

​

    

December 31,

    

December 31,

​

​

2023

​

2022

Federal

 

​

  

 

​

  

Current

​

$

726,038

​

$

536,853

Deferred

​

 

(239,332)

​

 

(575,221)

​

​

​

​

​

​

​

State and Local

​

 

  

​

 

  

Current

​

 

—

​

 

—

Deferred

​

 

—

​

 

—

​

​

​

​

​

​

​

Change in valuation allowance

​

 

239,332

​

 

575,221

Income tax provision

​

$

726,038

​

$

536,853

Schedule of federal income tax rate to the company's effective tax rate

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​

​

​

​

​

​

​

    

December 31,

    

December 31,

 

​

​

2023

​

2022

 

​

​

​

​

​

​

Statutory federal income tax rate

 

21.0

%  

21.0

%

Business combination expenses

 

15.27

%  

(0.51)

%

Change in fair value of warrant liability

 

1.70

%  

(12.61)

%

Change in fair value of PIPE derivative liability

 

(6.07)

%  

(8.28)

%

Transaction costs - warrants

 

0.0

%  

0.0

%

Penalties & Interest

 

0.08

%  

0.07

%

Valuation allowance

 

15.73

%  

4.97

%

Income tax provision

 

47.71

%  

4.64

%