v3.24.4
INCOME TAXES (Tables) - Stardust Power Inc And Subsidiary [Member]
 10 Months Ended
Dec. 31, 2023
SCHEDULE OF COMPONENTS OF INCOME/LOSS BEFORE INCOME TAXES

The following table presents the components of income / (loss) before income taxes:

 

   Period from
March 16, 2023
(inception) through
December 31, 2023		 
Loss before income taxes  $(3,793,585)
SCHEDULE OF RECONCILIATION OF STATUTORY FEDERAL INCOME TAX

The following table presents a reconciliation of the statutory federal tax and the Company’s effective tax:

 

   Period from
March 16, 2023
(inception) through
December 31, 2023 		 
Tax (benefit) at U.S. statutory rates  $(796,653)
State tax (benefit), net of federal tax effect   (28,171)
SPAC exploration expenses   94,524 
SAFE note expenses   142,485 
Other   9,171 
Change in valuation allowance   578,644 
Provision (benefit) for income taxes  $ —  
SCHEDULE OF EFFECTIVE INCOME TAX RATE

The effective tax rate of the Company’s provision (benefit) for income taxes differs from the federal statutory rate as follows:

 

   Period from
March 16, 2023
(inception) through
December 31, 2023		 
Tax (benefit) at U.S. statutory rates   21%
State tax (benefit), net of federal tax effect   0.74%
SPAC exploration expenses   (2.49)%
SAFE note expenses   (3.76)%
Other   (0.24)%
Change in valuation allowance   (15.25)%
Provision (benefit) for income taxes   0.00%
SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS AND LIABILITIES

 

   December 31, 2023 
Deferred tax assets:     
Net operating loss  $1,715 
Land acquisition costs   52,584 
Start-up expenses   524,208 
Accruals and other   137 
Total deferred tax assets   578,644 
Valuation allowance   (578,644)
Net current deferred tax assets (liabilities)  $ —