2023 Q4 Form 10-K Financial Statement
#000141057824000503 Filed on April 17, 2024
Income Statement
Concept | 2023 Q4 | 2023 | 2022 Q4 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $642.7K | $2.311M | $1.320M |
YoY Change | -51.31% | 23.59% | -8.97% |
Operating Profit | -$2.311M | ||
YoY Change | 23.43% | ||
Interest Expense | $46.23K | $103.1K | $2.870M |
YoY Change | -98.39% | -96.64% | 28600.0% |
% of Operating Profit | |||
Other Income/Expense, Net | $123.5K | $1.119M | -$1.170M |
YoY Change | -110.55% | -91.16% | -200.0% |
Pretax Income | -$473.0K | -$1.192M | $390.0K |
YoY Change | -221.28% | -111.05% | -244.44% |
Income Tax | $13.60K | $33.99K | $400.0K |
% Of Pretax Income | 102.56% | ||
Net Earnings | -$486.6K | -$1.226M | -$10.00K |
YoY Change | 4766.0% | -111.96% | -96.3% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$0.07 | -$0.15 | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | |||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q4 | 2023 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $156.4K | $156.4K | $300.0K |
YoY Change | -47.86% | -47.86% | 0.0% |
Cash & Equivalents | $156.4K | $280.6K | |
Short-Term Investments | |||
Other Short-Term Assets | $0.00 | $0.00 | $100.0K |
YoY Change | -100.0% | -100.0% | 0.0% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | $1.256K | $1.256K | |
Total Short-Term Assets | $210.9K | $210.9K | $360.6K |
YoY Change | -41.53% | -47.28% | -14.52% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $4.291M | $4.291M | $15.10M |
YoY Change | -71.58% | -71.58% | -94.53% |
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $4.291M | $4.291M | $15.13M |
YoY Change | -71.63% | -71.58% | -94.52% |
TOTAL ASSETS | |||
Total Short-Term Assets | $210.9K | $210.9K | $360.6K |
Total Long-Term Assets | $4.291M | $4.291M | $15.13M |
Total Assets | $4.502M | $4.502M | $15.49M |
YoY Change | -70.93% | -70.95% | -94.4% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.997M | $1.997M | $1.500M |
YoY Change | 33.13% | 33.13% | 36.36% |
Accrued Expenses | $103.6K | $433.6K | $400.0K |
YoY Change | -74.1% | 8.4% | 100.0% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $2.271M | $2.271M | $1.000M |
YoY Change | 127.09% | 127.09% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $5.159M | $5.159M | $3.591M |
YoY Change | 43.64% | 43.29% | 160.17% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $10.04M | $10.04M | $10.60M |
YoY Change | -5.32% | -5.32% | -47.52% |
Total Long-Term Liabilities | $10.04M | $10.04M | $10.60M |
YoY Change | -5.32% | -5.32% | -47.52% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $5.159M | $5.159M | $3.591M |
Total Long-Term Liabilities | $10.04M | $10.04M | $10.60M |
Total Liabilities | $15.19M | $15.20M | $14.19M |
YoY Change | 7.05% | 7.01% | -34.2% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$14.88M | -$13.97M | |
YoY Change | 6.51% | -33.87% | |
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$14.74M | -$10.69M | -$13.83M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.502M | $4.502M | $15.49M |
YoY Change | -70.93% | -70.95% | -94.4% |
Cashflow Statement
Concept | 2023 Q4 | 2023 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$486.6K | -$1.226M | -$10.00K |
YoY Change | 4766.0% | -111.96% | -96.3% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$627.1K | -$2.089M | -$50.00K |
YoY Change | 1154.2% | 90.69% | -80.0% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$42.70K | $11.39M | $264.0M |
YoY Change | -100.02% | -95.68% | |
Cash From Investing Activities | -$42.70K | $11.39M | $264.0M |
YoY Change | -100.02% | -95.69% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 488.5K | -9.425M | -263.8M |
YoY Change | -100.19% | -96.42% | |
NET CHANGE | |||
Cash From Operating Activities | -627.1K | -2.089M | -50.00K |
Cash From Investing Activities | -42.70K | 11.39M | 264.0M |
Cash From Financing Activities | 488.5K | -9.425M | -263.8M |
Net Change In Cash | -181.3K | -124.2K | 150.0K |
YoY Change | -220.87% | 123.46% | -160.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$627.1K | -$2.089M | -$50.00K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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-78753 | |
CY2022 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-5685 | |
CY2023 | iraa |
Increase Decrease In Franchise Tax Receivable
IncreaseDecreaseInFranchiseTaxReceivable
|
53200 | |
CY2023 | iraa |
Increase Decrease Franchise Tax Payable
IncreaseDecreaseFranchiseTaxPayable
|
-447133 | |
CY2022 | iraa |
Increase Decrease Franchise Tax Payable
IncreaseDecreaseFranchiseTaxPayable
|
247133 | |
CY2023 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-159858 | |
CY2022 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
539823 | |
CY2022 | us-gaap |
Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
125000 | |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1112456 | |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
979061 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2089180 | |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1095588 | |
CY2022 | iraa |
Payments To Vendors In Cash As Settlement Of Forgiveness
PaymentsToVendorsInCashAsSettlementOfForgiveness
|
250000 | |
CY2023 | iraa |
Proceeds From Trust Accounts For Redemptions
ProceedsFromTrustAccountsForRedemptions
|
10657185 | |
CY2022 | iraa |
Proceeds From Trust Accounts For Redemptions
ProceedsFromTrustAccountsForRedemptions
|
279091534 | |
CY2023 | iraa |
Proceeds From Trust Accounts For Tax Payments
ProceedsFromTrustAccountsForTaxPayments
|
853261 | |
CY2023 | iraa |
Payments For Investment Of Cash In Trust Account
PaymentsForInvestmentOfCashInTrustAccount
|
120516 | |
CY2022 | iraa |
Payments For Investment Of Cash In Trust Account
PaymentsForInvestmentOfCashInTrustAccount
|
15127621 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
11389930 | |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
263963913 | |
CY2023 | iraa |
Accretion Of Common Stock Subject To Redemption Value
AccretionOfCommonStockSubjectToRedemptionValue
|
10657185 | |
CY2022 | iraa |
Accretion Of Common Stock Subject To Redemption Value
AccretionOfCommonStockSubjectToRedemptionValue
|
263963913 | |
CY2023 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
400000 | |
CY2023 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
400000 | |
CY2023 | iraa |
Repayment Of Related Party Promissory Notes
RepaymentOfRelatedPartyPromissoryNotes
|
120000 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-9424965 | |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-262923913 | |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-124215 | |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-55588 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
280640 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
336228 | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
156425 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
280640 | |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
193845 | |
CY2023 | us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
103587 | |
CY2023 | iraa |
Conversion Of Common Stock From One Class To Another Class
ConversionOfCommonStockFromOneClassToAnotherClass
|
690 | |
CY2023 | us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
420786 | |
CY2022 | us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
3091534 | |
CY2023 | iraa |
Derivative On Promissory Note Related Party
DerivativeOnPromissoryNoteRelatedParty
|
104428 | |
CY2022 | iraa |
Forgiveness Of Payable Due To Affiliate Of Sponsor Included In Due To Related Party
ForgivenessOfPayableDueToAffiliateOfSponsorIncludedInDueToRelatedParty
|
140000 | |
CY2021Q1 | iraa |
Percentage Obligation To Redeem Public Shares If Entity Does Not Complete Business Combination
PercentageObligationToRedeemPublicSharesIfEntityDoesNotCompleteBusinessCombination
|
1 | |
CY2021Q1 | iraa |
Minimum Net Tangible Assets Upon Consummation Of Business Combination
MinimumNetTangibleAssetsUponConsummationOfBusinessCombination
|
5000001 | |
CY2021Q1 | iraa |
Maximum Net Interest To Pay Dissolution Expenses
MaximumNetInterestToPayDissolutionExpenses
|
100000 | |
CY2023 | iraa |
Operating Bank Accounts
OperatingBankAccounts
|
156425 | |
CY2023Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
85084 | |
CY2023Q4 | iraa |
Working Capital
WorkingCapital
|
4947672 | |
CY2022Q4 | iraa |
Working Capital Loan Outstanding
WorkingCapitalLoanOutstanding
|
0 | |
CY2023Q4 | iraa |
Working Capital Loan Outstanding
WorkingCapitalLoanOutstanding
|
0 | |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">The preparation of 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 financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The Class A ordinary shares subject to possible redemption and the valuation of the Private Placement Warrants required management to exercise significant judgement in its estimates.</p> | |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
156425 | |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
280640 | |
CY2023Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
85084 | |
CY2023Q4 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
4291332 | |
CY2022Q4 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
15127621 | |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 8pt 0pt;"><b style="font-weight:bold;">Concentration of Credit Risk</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 8pt 0pt;">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the federal depository insurance coverage of $250,000. As of December 31, 2023 and 2022, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 8pt 0pt;">On May 1, 2023, JPMorgan Chase & Co. acquired all deposit accounts and substantially all the assets and assumed certain of the liabilities of First Republic Bank (“FRB”) following a seizure by the U.S. Federal Deposit Insurance Corporation. The Company maintained cash deposits with FRB. The Company experienced no material impact on its financial statements or day-to-day operations as a result of these developments.</p> | |
CY2023 | iraa |
Forgiveness Of Outstanding Vendor Payable
ForgivenessOfOutstandingVendorPayable
|
350000 | |
CY2023 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
75000 | |
CY2022 | iraa |
Forgiveness Of Outstanding Vendor Payable
ForgivenessOfOutstandingVendorPayable
|
829989 | |
CY2023 | iraa |
Forgiveness Of Unrelated Vendor Payable
ForgivenessOfUnrelatedVendorPayable
|
275000 | |
CY2022 | iraa |
Forgiveness Of Unrelated Vendor Payable
ForgivenessOfUnrelatedVendorPayable
|
579989 | |
CY2023Q4 | us-gaap |
Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
|
9.96 | |
CY2022Q4 | us-gaap |
Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
|
10.71 | |
CY2023 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
11913333 | |
CY2023 | us-gaap |
Interest Expense
InterestExpense
|
103089 | |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
0 | |
CY2023 | iraa |
Debt Embedded Derivative Redemption Feature Percentage Of Principal Amount
DebtEmbeddedDerivativeRedemptionFeaturePercentageOfPrincipalAmount
|
1.50 | |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2023Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
0 | |
CY2023Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
0 | |
CY2023Q4 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
103587 | |
CY2023 | iraa |
Percentage Of Excise Tax Calculated On Fair Market Value Of Shares Redeemed
PercentageOfExciseTaxCalculatedOnFairMarketValueOfSharesRedeemed
|
0.01 | |
CY2023 | iraa |
Schedule Of Common Stock Reflected On Balance Sheet Are Reconciled
ScheduleOfCommonStockReflectedOnBalanceSheetAreReconciled
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="font-size:12pt;visibility:hidden;"></span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;"></span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;"></span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;"></span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;"></span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:81.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Class A common stock subject to possible redemption at January 1, 2022</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 276,000,000</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Plus: Remeasurement of carrying value to redemption value</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 3,091,534</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Less: Shares redeemed in December 2022</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (263,963,913)</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Class A common stock subject to possible redemption at December 31, 2022</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 15,127,621</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Less: Remeasurement of carrying value to redemption value</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (420,786)</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Less: 2023 adjustment to share price for shares redeemed in December 2022</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (298,431)</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Less: Shares redeemed in September 2023</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">(10,358,754)</p></td></tr><tr><td style="vertical-align:bottom;width:81.53%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Class A common stock subject to possible redemption at December 31, 2023</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;"></span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.84%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.7%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 4,049,650</p></td></tr></table> | |
CY2021Q1 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y | |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1996912 | |
CY2022Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
594958 | |
CY2023Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
45400 | |
CY2022Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
826134 | |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
284606 | |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
68370 | |
CY2023Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
2326918 | |
CY2022Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
1489462 | |
CY2023Q4 | us-gaap |
Notes Payable
NotesPayable
|
1452381 | |
CY2022Q4 | us-gaap |
Notes Payable
NotesPayable
|
1040000 | |
CY2023Q4 | iraa |
Maximum Number Of Demands For Registration Of Securities
MaximumNumberOfDemandsForRegistrationOfSecurities
|
3 | |
CY2023 | iraa |
Underwriting Discount As Percentage Of Gross Proceeds From Initial Public Offering
UnderwritingDiscountAsPercentageOfGrossProceedsFromInitialPublicOffering
|
0.02 | |
CY2023Q4 | iraa |
Underwriting Costs Noncurrent
UnderwritingCostsNoncurrent
|
5520000 | |
CY2023 | iraa |
Deferred Underwriting Discount As Percentage Of Gross Proceeds From Initial Public Offering
DeferredUnderwritingDiscountAsPercentageOfGrossProceedsFromInitialPublicOffering
|
0.035 | |
CY2023Q4 | iraa |
Deferred Offering Costs Noncurrent
DeferredOfferingCostsNoncurrent
|
9660000 | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | |
CY2022Q4 | 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 | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2023Q4 | iraa |
Common Stock Number Of Votes Per Share
CommonStockNumberOfVotesPerShare
|
1 | |
CY2023Q4 | iraa |
Deferred Tax Assets Capitalized Start Up And Organization Costs
DeferredTaxAssetsCapitalizedStartUpAndOrganizationCosts
|
1041535 | |
CY2022Q4 | iraa |
Deferred Tax Assets Capitalized Start Up And Organization Costs
DeferredTaxAssetsCapitalizedStartUpAndOrganizationCosts
|
637807 | |
CY2023Q4 | iraa |
Deferred Tax Assets Accrued Interest
DeferredTaxAssetsAccruedInterest
|
7307 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
1048842 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
637807 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1048842 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
637807 | |
CY2023 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
33987 | |
CY2022 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
539823 | |
CY2023 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-411035 | |
CY2022 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-287359 | |
CY2023 | iraa |
Increase Decrease In Valuation Allowance
IncreaseDecreaseInValuationAllowance
|
411035 | |
CY2022 | iraa |
Increase Decrease In Valuation Allowance
IncreaseDecreaseInValuationAllowance
|
287359 | |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
33987 | |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
539823 | |
CY2023Q4 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
411035 | |
CY2022Q4 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
287359 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.2100 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.2100 | |
CY2023 | iraa |
Effective Income Tax Rate Reconciliation Change In Fair Value Of Warrants Liability Percent
EffectiveIncomeTaxRateReconciliationChangeInFairValueOfWarrantsLiabilityPercent
|
0.0998 | |
CY2022 | iraa |
Effective Income Tax Rate Reconciliation Change In Fair Value Of Warrants Liability Percent
EffectiveIncomeTaxRateReconciliationChangeInFairValueOfWarrantsLiabilityPercent
|
-0.1866 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
0.2083 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.0062 | |
CY2023 | iraa |
Effective Income Tax Rate Reconciliation Acquisitions Facilitative Expenses Percent
EffectiveIncomeTaxRateReconciliationAcquisitionsFacilitativeExpensesPercent
|
-0.1954 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.3450 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.0266 | |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0285 | |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0500 | |
CY2023Q4 | us-gaap |
Shares Subject To Mandatory Redemption Settlement Terms Fair Value Of Shares
SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares
|
376444 | |
CY2022Q4 | us-gaap |
Shares Subject To Mandatory Redemption Settlement Terms Fair Value Of Shares
SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares
|
942646 | |
CY2023Q4 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2023Q4 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2023Q4 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2023Q4 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |