XML 79 R45.htm IDEA: XBRL DOCUMENT v3.23.2
TAXES (FY) (Tables)
12 Months Ended
Dec. 31, 2022
TAXES [Abstract]  
Net Deferred Tax Assets
The Company’s net deferred tax asset (liability) is as follows:

 
​ ​
December 31, 2022
​ ​
December 31, 2021
Deferred tax assets:
​ ​
 
​ ​
 
Net operating losses
​ ​
$—
​ ​
$127,274
Start-up costs
​ ​
365,419
​ ​
47,076
Total deferred tax assets
​ ​
365,419
​ ​
174,350
Valuation Allowance
​ ​
(365,419)
​ ​
(174,350)
Deferred tax asset, net of allowance
​ ​
—
​ ​
—
Deferred tax liabilities:
​ ​
 
​ ​
 
Accrued investment income
​ ​
(317,423)
​ ​
—
Total deferred tax liabilities
​ ​
(317,423)
​ ​
—
Deferred tax liability, net
​ ​
$(317,423)
​ ​
$—
Income Tax Provision
Below is breakdown of the income tax provision.

 
​ ​
For the Year
Ended December 31, 2022
​ ​
For the Period From March 16,
2021 (Inception)
Through December 31, 2021
Federal
​ ​
 
​ ​
 
Current
​ ​
$455,836
​ ​
$—
Deferred
​ ​
126,354
​ ​
(174,350)
State and local
​ ​
 
​ ​
 
Current
​ ​
—
​ ​
—
Deferred
​ ​
—
​ ​
—
Change in valuation allowance
​ ​
191,069
​ ​
174,350
Income tax provision
​ ​
$773,259
​ ​
$—
Reconciliation of Federal Income Tax Rate to Effective Tax Rate
A reconciliation of the federal income tax rate to the Company’s effective tax rate is as follows:

 
​ ​
For the Year Ended December 31,
2022
​ ​
For the Period From March 16,
2021 (Inception) Through
December 31,
2021
U.S. federal statutory rate
​ ​
21.0%
​ ​
21.0%
NOL true up
​ ​
4.0%
​ ​
—
Valuation allowance
​ ​
8.3%
​ ​
(21.0)%
Income tax provision
​ ​
33.3%
​ ​
—