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)	$	—