XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities:    
Net (loss) profit $ (186,075) $ 394,806
Adjustments to reconcile net (loss) profit to net cash used in operating activities:    
Change in fair value of derivative warrant liabilities (6,103) (5,106)
Dividend income (204,564) (1,378,730)
Changes in operating assets and liabilities:    
Prepaid expenses (25,750) 47,626
Accrued expenses 196,540 394,817
Income tax payable 58,235 363,369
Franchise tax payable 6,850 4,133
Net cash used in operating activities (160,867) (179,085)
Cash Flows from Investing Activities:    
Deposit into Trust Account for extension (203,957)  
Transfer from Trust Account 40,050 459,786
Extension loan   (600,000)
Net cash used in investing activities (163,907) (140,214)
Cash Flows from Financing Activities:    
Proceeds from promissory note - related party 120,350 70,000
Proceeds from extension loan   600,000
Proceeds from Infinite Reality for extension 203,957  
Net cash provided by financing activities 324,307 670,000
Net Change in Cash (467) 350,701
Cash - Beginning of period 956,202 83,643
Cash - End of period 955,735 434,344
Supplemental Cash Flow Information:    
Cash paid for taxes 40,050  
Non-Cash Investing and Financing Activities:    
Accretion for Common Stock to redemption amount 263,336 1,105,575
Extension fees receivable 33,932  
Excise Tax payable $ 97,671 $ 787,706