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

​

​

​

​

​

​

​

​

​

​

December 31, 

​

    

2023

    

2022

Deferred tax assets

 

​

​

​

​

  

Net operating loss carryforward

​

$

461,882

​

$

(379)

Start-up/organization expenses

​

 

1,622,610

​

 

962,297

Total deferred tax assets

​

​

2,084,492

​

 

961,918

Valuation allowance

​

​

(2,084,492)

​

 

(961,918)

Deferred tax assets, net of allowance

​

$

—

​

$

—

Schedule of income tax provision

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​

​

​

​

​

​

​

​

​

For the years ended December 31,

​

    

2023

    

2022

Federal

 

​

​

​

​

  

Current

​

$

—

​

$

187,225

Deferred

​

​

(926,728)

​

 

(741,805)

​

​

​

​

​

​

​

State

​

​

​

​

 

  

Current

​

​

—

​

 

—

Deferred

​

​

(191,524)

​

 

(153,306)

Change in valuation allowance

​

​

1,118,252

​

 

895,111

Income tax provision

​

$

—

​

$

187,225

Summary of reconciliation of the federal income tax rate to the Company's effective tax rate

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​

​

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​

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December 31,

 

​

    

2023

    

2022

 

Statutory federal income tax rate

​

21.0

%

21.0

%

State taxes, net of federal tax benefit

​

4.3

%

4.3

%

Change in fair value of Bridge Note - bifurcated derivative

​

0.7

%

(0.7)

%

Change in fair value of PIPE forward contract derivative

​

1.0

%

(1.4)

%

Initial fair value of ELOC

​

(1.2)

%

—

​

Initial fair value of Additional Bridge

​

0.1

%

—

​

Change in fair value of Exchange Note

​

(0.6)

%

—

​

Change in fair value of ELOC

​

0.0

%

—

​

Change in fair value of Additional Bridge Note

​

0.0

%

—

​

Change in valuation allowance

​

(25.3)

%

(29.3)

%

Income tax provision

​

0.0

%

(6.1)

%