2024 Q3 Form 10-Q Financial Statement
#000182912624007408 Filed on November 12, 2024
Income Statement
Concept | 2024 Q3 | 2023 Q3 |
---|---|---|
Revenue | $0.00 | |
YoY Change | ||
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $742.7K | |
YoY Change | 185.66% | |
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | ||
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | $248.8K | $742.7K |
YoY Change | -66.51% | 184.9% |
Operating Profit | -$742.7K | |
YoY Change | 184.9% | |
Interest Expense | $1.064M | |
YoY Change | 2560.83% | |
% of Operating Profit | ||
Other Income/Expense, Net | $170.0K | $1.064M |
YoY Change | -84.02% | 1960.58% |
Pretax Income | $78.72K | $321.6K |
YoY Change | -75.52% | -253.15% |
Income Tax | $28.91K | $212.7K |
% Of Pretax Income | 36.72% | 66.13% |
Net Earnings | -$107.6K | $108.9K |
YoY Change | -198.8% | -152.11% |
Net Earnings / Revenue | ||
Basic Earnings Per Share | ||
Diluted Earnings Per Share | $0.01 | |
COMMON SHARES | ||
Basic Shares Outstanding | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2024 Q3 | 2023 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $2.417M | |
YoY Change | 72.67% | |
Cash & Equivalents | $392.1K | $2.417M |
Short-Term Investments | ||
Other Short-Term Assets | $119.7K | |
YoY Change | -54.57% | |
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $422.4K | $2.537M |
YoY Change | -83.35% | 50.88% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | ||
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $54.60M | |
YoY Change | -33.44% | |
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $12.92M | $54.60M |
YoY Change | -76.34% | -33.53% |
TOTAL ASSETS | ||
Total Short-Term Assets | $422.4K | $2.537M |
Total Long-Term Assets | $12.92M | $54.60M |
Total Assets | $13.34M | $57.14M |
YoY Change | -76.65% | -31.84% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $609.4K | |
YoY Change | 32.47% | |
Accrued Expenses | $1.263M | |
YoY Change | 501.26% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $1.615M | |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $5.172M | $3.487M |
YoY Change | 48.32% | 325.26% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | |
YoY Change | ||
Other Long-Term Liabilities | $3.220M | |
YoY Change | 15.0% | |
Total Long-Term Liabilities | $3.220M | |
YoY Change | 15.0% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $5.172M | $3.487M |
Total Long-Term Liabilities | $3.220M | |
Total Liabilities | $8.392M | $6.707M |
YoY Change | 25.12% | 85.28% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$7.907M | -$3.334M |
YoY Change | 137.14% | 86.14% |
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | -$7.907M | -$3.334M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $13.34M | $57.14M |
YoY Change | -76.65% | -31.84% |
Cashflow Statement
Concept | 2024 Q3 | 2023 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$107.6K | $108.9K |
YoY Change | -198.8% | -152.11% |
Depreciation, Depletion And Amortization | ||
YoY Change | ||
Cash From Operating Activities | -$366.9K | |
YoY Change | 182.22% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $43.55M | |
YoY Change | -153.12% | |
Cash From Investing Activities | $43.55M | |
YoY Change | -153.12% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -41.08M | |
YoY Change | -149.3% | |
NET CHANGE | ||
Cash From Operating Activities | -366.9K | |
Cash From Investing Activities | 43.55M | |
Cash From Financing Activities | -41.08M | |
Net Change In Cash | 2.110M | |
YoY Change | 77.3% | |
FREE CASH FLOW | ||
Cash From Operating Activities | -$366.9K | |
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
Facts In Submission
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InvestmentIncomeEarnedOnInvestmentHeldInTrustAccount
|
3214400 | usd | |
glst |
Prepaid Expenses And Other Current Assets
PrepaidExpensesAndOtherCurrentAssets
|
50532 | usd | |
glst |
Prepaid Expenses And Other Current Assets
PrepaidExpensesAndOtherCurrentAssets
|
111834 | usd | |
glst |
Increase Decrease In Other Assets
IncreaseDecreaseInOtherAssets
|
-49526 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
637421 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
425150 | usd | |
glst |
Accrued Franchise Tax Payable Currents
AccruedFranchiseTaxPayableCurrents
|
-109800 | usd | |
glst |
Accrued Franchise Tax Payable Currents
AccruedFranchiseTaxPayableCurrents
|
145457 | usd | |
us-gaap |
Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
|
-507468 | usd | |
us-gaap |
Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
|
644378 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1710887 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1056881 | usd | |
us-gaap |
Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
|
715960 | usd | |
us-gaap |
Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
|
125000 | usd | |
glst |
Cash Withdrawn From Trust Account To Pay Franchise And Income Taxes
CashWithdrawnFromTrustAccountToPayFranchiseAndIncomeTaxes
|
495072 | usd | |
glst |
Cash Withdrawn From Trust Account To Pay Franchise And Income Taxes
CashWithdrawnFromTrustAccountToPayFranchiseAndIncomeTaxes
|
1189115 | usd | |
glst |
Cash Withdrawn From Trust Account For Working Capital Purposes
CashWithdrawnFromTrustAccountForWorkingCapitalPurposes
|
44605448 | usd | |
glst |
Cash Withdrawn From Trust Account For Working Capital Purposes
CashWithdrawnFromTrustAccountForWorkingCapitalPurposes
|
42680726 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
44384560 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
43744841 | usd | |
glst |
Redemption Of Common Stock
RedemptionOfCommonStock
|
44605448 | usd | |
glst |
Redemption Of Common Stock
RedemptionOfCommonStock
|
42680726 | usd | |
glst |
Proceeds From Borrowings Under Promissory Note Related Party
ProceedsFromBorrowingsUnderPromissoryNoteRelatedParty
|
821000 | usd | |
glst |
Proceeds From Borrowings Under Promissory Note Related Party
ProceedsFromBorrowingsUnderPromissoryNoteRelatedParty
|
1600000 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
4000 | usd | |
glst |
Payment Of Offering Costs
PaymentOfOfferingCosts
|
67414 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-43788448 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-41148140 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1114775 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
1539820 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1506914 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
877560 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
392139 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2417380 | usd |
glst |
Remeasurement Of Class Common Stock To Redemption Value
RemeasurementOfClassCommonStockToRedemptionValue
|
1887319 | usd | |
glst |
Remeasurement Of Class Common Stock To Redemption Value
RemeasurementOfClassCommonStockToRedemptionValue
|
1651364 | usd | |
glst |
Excise Tax Payable Attributable To Redemptions Of Common Stock
ExciseTaxPayableAttributableToRedemptionsOfCommonStock
|
446054 | usd | |
glst |
Excise Tax Payable Attributable To Redemptions Of Common Stock
ExciseTaxPayableAttributableToRedemptionsOfCommonStock
|
426807 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
822837 | usd | |
CY2024Q3 | us-gaap |
Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
|
3220000 | usd |
CY2023Q3 | glst |
Deposit Amount
DepositAmount
|
22740 | usd |
glst |
Minimum Percent Of Balance In The Trust Account For Business Combination
MinimumPercentOfBalanceInTheTrustAccountForBusinessCombination
|
0.90 | pure | |
us-gaap |
Proceeds From Issuance Of Trust Preferred Securities
ProceedsFromIssuanceOfTrustPreferredSecurities
|
94300000 | usd | |
CY2024Q3 | glst |
Sale Of The Placement Units Per Unit
SaleOfThePlacementUnitsPerUnit
|
10.25 | |
CY2024Q3 | us-gaap |
Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
|
3220000 | usd |
glst |
Term Of Restricted Investments
TermOfRestrictedInvestments
|
P185D | ||
CY2024Q3 | glst |
Market Value Of Listed Securities
MarketValueOfListedSecurities
|
50000000 | usd |
glst |
Market Value Of Listed Securities
MarketValueOfListedSecurities
|
50000000 | usd | |
CY2023Q3 | glst |
Temporary Equity Shares Issued During The Period
TemporaryEquitySharesIssuedDuringThePeriod
|
4052066 | shares |
CY2023Q3 | us-gaap |
Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
|
10.53 | |
glst |
Cash Withdrawn From Trust Account In Connection With Redemption
CashWithdrawnFromTrustAccountInConnectionWithRedemption
|
44605448 | usd | |
CY2023Q3 | us-gaap |
Assets Held In Trust
AssetsHeldInTrust
|
125000 | usd |
CY2023Q4 | us-gaap |
Minimum Net Worth Required For Compliance
MinimumNetWorthRequiredForCompliance
|
5000001 | usd |
glst |
Special Meeting Of Stockholder Description
SpecialMeetingOfStockholderDescription
|
On June 11, 2024, the Company held a Special Meeting of Stockholders (the “June 2024 Meeting”). At the Meeting, the Company’s stockholders approved the Charter Amendment, which further extends the date by which the Company must consummate its initial business combination by an additional six-months pursuant to six one-month extensions, from June 22, 2024 to December 22, 2024 (the “Second New Termination Date”), provided that the sponsor or its designees deposit into the trust account approximately $22,740 prior to the commencement of each extension period. At the June 2024 Meeting, Stockholders holding 4,010,928 shares of common stock exercised their right to redeem their shares for cash at an approximate price of $11.12 per share of the funds in the Trust Account. As a result, $44,605,448 was removed from the Trust Account to pay such holders. The Company has made five monthly extension payments in the Trust Account to extend the period of time by which it has to consummate its initial business combination to November 22, 2024. | ||
CY2023Q4 | us-gaap |
Share Price
SharePrice
|
10.25 | |
CY2023Q4 | us-gaap |
Share Price
SharePrice
|
10.25 | |
CY2024Q3 | glst |
Payment Of Franchise Taxes
PaymentOfFranchiseTaxes
|
1684187 | usd |
us-gaap |
Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
|
1288941 | usd | |
CY2024Q3 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
395247 | usd |
CY2024Q3 | glst |
Working Capital Amout
WorkingCapitalAmout
|
3108 | usd |
CY2024Q3 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
288597 | usd |
CY2024Q3 | glst |
Accrued Franchise Tax Payable Current
AccruedFranchiseTaxPayableCurrent
|
169113 | usd |
CY2023Q3 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
830000 | usd |
CY2024Q3 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
12919725 | usd |
CY2024Q3 | glst |
Working Capital
WorkingCapital
|
4749664 | usd |
CY2024Q3 | glst |
Payment Of Franchise Taxes
PaymentOfFranchiseTaxes
|
1684187 | usd |
CY2023Q4 | us-gaap |
Other Intangible Assets Net
OtherIntangibleAssetsNet
|
5000001 | usd |
glst |
Public Stockholders Shares Description
PublicStockholdersSharesDescription
|
in connection with the implementation of the Extension, the Company’s public stockholders elected to redeem 4,052,066 Public Shares for a total of $42,680,726. As such the Company has recorded a 1% excise tax liability in the amount of $426,807 on the Company’s consolidated balance sheets as of August 22, 2023. On June 25, 2024, in connection with the implementation of the Second Extension, the Company’s public stockholders elected to redeem 4,010,928 Public Shares for a total of $44,605,448. As such the Company has recorded a 1% excise tax liability in the amount of $446,054 on the Company’s consolidated balance sheets as of September 30, 2024. The total liability of $872,861 recorded as of September 30, 2024 does not impact the Company’s consolidated statements of income and is offset against additional paid-in capital or accumulated deficit if additional paid-in capital is not available. This liability will be reevaluated and remeasured at the end of each quarterly period. | ||
us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.25 | pure | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_848_eus-gaap--UseOfEstimates_zTW0ZiArwem6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_86E_zpm6I7qgzIQe">Use of Estimates</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the condensed consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
glst |
Withdraw Of Interest Earned On The Trust Account
WithdrawOfInterestEarnedOnTheTrustAccount
|
1684187 | usd | |
us-gaap |
Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
|
1288941 | usd | |
CY2024Q3 | glst |
Tax Liabilities
TaxLiabilities
|
392139 | usd |
CY2024Q3 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | usd |
CY2023Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | usd |
CY2024Q3 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
0 | usd |
CY2023Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
0 | usd |
CY2024Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.367 | pure |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
3.533 | pure | |
CY2023Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.661 | pure |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.375 | pure | |
CY2024Q3 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | pure |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | pure | |
CY2023Q3 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | pure |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | pure | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_84B_eus-gaap--ConcentrationRiskCreditRisk_zvtlUuqfMEYb" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_866_z7HgCBQ2htGe">Concentration of Credit Risk</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Depository Insurance Corporation coverage limit of $<span id="xdx_900_eus-gaap--CashFDICInsuredAmount_pp0p0_c20240930__srt--RangeAxis__srt--MaximumMember_zZX0VDpMmC16" title="Federal depository insurance corporation coverage limit">250,000</span>. The Company has not experienced losses on these accounts.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
160000 | shares | |
glst |
Founder Shares
FounderShares
|
2140000 | shares | |
CY2024Q3 | us-gaap |
Other Liabilities
OtherLiabilities
|
119720 | usd |
glst |
Underwriting Discount Paid Per Unit
UnderwritingDiscountPaidPerUnit
|
0.20 | ||
glst |
Reimbursement Of Underwriting Expenses
ReimbursementOfUnderwritingExpenses
|
920000 | usd | |
glst |
Deferred Underwriting Commission Per Unit
DeferredUnderwritingCommissionPerUnit
|
0.35 | ||
CY2024Q3 | glst |
Deferred Underwriting Commissions Noncurrent
DeferredUnderwritingCommissionsNoncurrent
|
3220000 | usd |
CY2023Q4 | glst |
Commitments And Contingencie
CommitmentsAndContingencie
|
the Company engaged MZHCI, LLC, a MZ Group Company (“MZHCI”) as its public relations consultant starting from January 1, 2024 (the “MZHCI Agreement”). According to terms of the MZHCI Agreement, MZHCI will be paid a monthly fee of $10,000 for its services for the period of the Proposed Business Combination starting from January 1, 2024, which will increase to $14,000 (subject to 5% cost of living adjustment) upon closing of the Proposed Business Combination. In addition, upon a successful closing of the Proposed Business Combination, the Company will issue to MZHCI $150,000 worth of the Company’s restricted stock as valued on the first day of trading post-closing. | |
CY2024Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2024Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2024Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
glst |
Period After Which The Warrants Are Exercisable
PeriodAfterWhichTheWarrantsAreExercisable
|
P30D | ||
glst |
Warrants Exercisable Term From The Closing Of Ipo
WarrantsExercisableTermFromTheClosingOfIPO
|
P12M | ||
CY2024Q3 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
|
0 | shares |
glst |
Number Of Days After Which Business Combination With In Which Securities Registration Shall Be Effective
NumberOfDaysAfterWhichBusinessCombinationWithInWhichSecuritiesRegistrationShallBeEffective
|
P60D | ||
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
500000 | shares |
CY2024Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
1150000 | usd |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0374 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.015 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |