2024 Q1 Form 10-Q Financial Statement

#000149315224036959 Filed on September 18, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q1
Revenue $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 $161.8K $263.4K
YoY Change -38.57% 7320.28%
Operating Profit -$263.4K
YoY Change 7320.23%
Interest Expense $458.8K $858.9K
YoY Change -46.58%
% of Operating Profit
Other Income/Expense, Net $458.8K $858.9K
YoY Change -46.58%
Pretax Income $297.0K $595.5K
YoY Change -50.12% -16874.7%
Income Tax
% Of Pretax Income
Net Earnings $297.0K $595.5K
YoY Change -50.12% -16874.7%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.05 $0.07
COMMON SHARES
Basic Shares Outstanding 6.407M shares 8.820M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $58.20M
YoY Change
Cash & Equivalents $0.00 $0.00
Short-Term Investments $58.20M
Other Short-Term Assets $133.2K
YoY Change -67.64%
Inventory
Prepaid Expenses $600.00
Receivables
Other Receivables
Total Short-Term Assets $600.00 $58.33M
YoY Change -100.0% 14071.15%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $36.07M -$1.00
YoY Change -3606792800.0%
TOTAL ASSETS
Total Short-Term Assets $600.00 $58.33M
Total Long-Term Assets $36.07M -$1.00
Total Assets $36.07M $58.33M
YoY Change -38.17% 14071.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $404.8K $289.1K
YoY Change 40.01% 151.34%
Deferred Revenue
YoY Change
Short-Term Debt $793.6K
YoY Change 164.52%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.257M $3.958M
YoY Change -17.7% 853.57%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.875M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.257M $3.958M
Total Long-Term Liabilities $2.875M $0.00
Total Liabilities $6.132M $3.958M
YoY Change 54.94% 853.57%
SHAREHOLDERS EQUITY
Retained Earnings -$6.085M -$3.828M
YoY Change 58.96%
Common Stock $3.205K $3.205K
YoY Change 0.0% 11.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$6.081M -$3.824M
YoY Change
Total Liabilities & Shareholders Equity $36.07M $58.33M
YoY Change -38.17% 14071.15%

Cashflow Statement

Concept 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income $297.0K $595.5K
YoY Change -50.12% -16874.7%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$82.16K
YoY Change 96.32%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$250.0K $59.33M
YoY Change -100.42%
Cash From Investing Activities -$250.0K $59.33M
YoY Change -100.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $250.0K -$59.30M
YoY Change -100.42%
NET CHANGE
Cash From Operating Activities -$82.16K
Cash From Investing Activities -$250.0K $59.33M
Cash From Financing Activities $250.0K -$59.30M
Net Change In Cash -$46.28K
YoY Change 10.59%
FREE CASH FLOW
Cash From Operating Activities -$82.16K
Capital Expenditures
Free Cash Flow
YoY Change

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SubsequentMeasurementOfOrdinarySharesSubjectToRedemptionInterestEarnedUnrealizedGainOnTrustAccountAndAdditionalFundingForBusinessCombinationExtension
608839 usd
CY2023Q1 MSSA Subsequent Measurement Of Ordinary Shares Subject To Redemption Interest Earned Unrealized Gain On Trust Account And Additional Funding For Business Combination Extension
SubsequentMeasurementOfOrdinarySharesSubjectToRedemptionInterestEarnedUnrealizedGainOnTrustAccountAndAdditionalFundingForBusinessCombinationExtension
1616596 usd
CY2023Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
757676 usd
CY2023Q1 MSSA Cash Withdrawn From Trust Account To Redeem Public Shares
CashWithdrawnFromTrustAccountToRedeemPublicShares
60089158 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-250000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
59331482 usd
CY2024Q1 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
250000 usd
CY2023Q1 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
793551 usd
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
60089158 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
250000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-59295607 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
178652 usd
CY2024Q1 MSSA Subsequent Measurement Of Ordinary Shares Subject To Redemption Interest Earned Unrealized Gain On Trust Account And Additional Funding For Business Combination Extension
SubsequentMeasurementOfOrdinarySharesSubjectToRedemptionInterestEarnedUnrealizedGainOnTrustAccountAndAdditionalFundingForBusinessCombinationExtension
608839 usd
CY2023Q1 MSSA Subsequent Measurement Of Ordinary Shares Subject To Redemption Interest Earned Unrealized Gain On Trust Account And Additional Funding For Business Combination Extension
SubsequentMeasurementOfOrdinarySharesSubjectToRedemptionInterestEarnedUnrealizedGainOnTrustAccountAndAdditionalFundingForBusinessCombinationExtension
1616596 usd
CY2022Q2 MSSA Proceeds From Ipo And Private Placement
ProceedsFromIpoAndPrivatePlacement
115682250 usd
CY2024Q1 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
36067927 usd
CY2023Q4 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
35359088 usd
CY2022Q2 MSSA Proceeds From Ipo And Private Placement
ProceedsFromIpoAndPrivatePlacement
115682250 usd
CY2024Q1 MSSA Working Capital Deficit
WorkingCapitalDeficit
-3256461 usd
CY2023Q4 MSSA Working Capital Deficit
WorkingCapitalDeficit
-2844642 usd
CY2024Q1 MSSA Working Capital Deficit
WorkingCapitalDeficit
-3256461 usd
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_849_eus-gaap--UseOfEstimates_zEImzqO6Y2U9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_zzsrUlA4zC4g">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 expenses during the reporting period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 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 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: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q2 MSSA Proceeds From Ipo And Private Placement
ProceedsFromIpoAndPrivatePlacement
115682250 usd
CY2023Q4 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
35359088 usd
CY2024Q1 MSSA Working Capital Deficit
WorkingCapitalDeficit
-3256461 usd
CY2023Q4 MSSA Working Capital Deficit
WorkingCapitalDeficit
-2844642 usd
CY2024Q1 MSSA Working Capital Deficit
WorkingCapitalDeficit
-3256461 usd
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_849_eus-gaap--UseOfEstimates_zEImzqO6Y2U9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_864_zzsrUlA4zC4g">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 expenses during the reporting period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 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 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: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 usd
CY2024Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
458839 usd
CY2024Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
301779 usd
CY2024Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
157060 usd
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
636054 usd
CY2023Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
222866 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2024Q1 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 usd
CY2023Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 usd
CY2022Q3 MSSA Share Repurchase Program Excise Tax Percentage
ShareRepurchaseProgramExciseTaxPercentage
0.01 pure
CY2023Q3 us-gaap Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
2436497 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5915000 shares
CY2024Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
301779 usd
CY2024Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
157060 usd
CY2023Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
858920 usd
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
636054 usd
CY2023Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
222866 usd
CY2024Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2024Q1 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 usd
CY2023Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 usd
CY2022Q3 MSSA Share Repurchase Program Excise Tax Percentage
ShareRepurchaseProgramExciseTaxPercentage
0.01 pure
CY2023Q3 us-gaap Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
2436497 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5915000 shares
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
297020 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
595502 usd
CY2024Q1 MSSA Remeasurement To Redemption Value
RemeasurementToRedemptionValue
150000 usd
CY2023Q1 MSSA Remeasurement To Redemption Value
RemeasurementToRedemptionValue
757676 usd
CY2024Q1 MSSA Interest And Dividends Earned In Trust Account To Be Allocated To Redeemable Shares
InterestAndDividendsEarnedInTrustAccountToBeAllocatedToRedeemableShares
458839 usd
CY2023Q1 MSSA Interest And Dividends Earned In Trust Account To Be Allocated To Redeemable Shares
InterestAndDividendsEarnedInTrustAccountToBeAllocatedToRedeemableShares
858920 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-311819 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1021094 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
297020 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
595502 usd
CY2024Q1 MSSA Remeasurement To Redemption Value
RemeasurementToRedemptionValue
150000 usd
CY2023Q1 MSSA Remeasurement To Redemption Value
RemeasurementToRedemptionValue
757676 usd
CY2024Q1 MSSA Interest And Dividends Earned In Trust Account To Be Allocated To Redeemable Shares
InterestAndDividendsEarnedInTrustAccountToBeAllocatedToRedeemableShares
458839 usd
CY2023Q1 MSSA Interest And Dividends Earned In Trust Account To Be Allocated To Redeemable Shares
InterestAndDividendsEarnedInTrustAccountToBeAllocatedToRedeemableShares
858920 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-311819 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1021094 usd
CY2024Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_849_eus-gaap--ConcentrationRiskCreditRisk_zrfergYItAib" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_860_z2GMDUwbodG">Concentration of Credit Risk</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_849_eus-gaap--ConcentrationRiskCreditRisk_zrfergYItAib" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_860_z2GMDUwbodG">Concentration of Credit Risk</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
5885324 shares
CY2023Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
50000 usd
CY2023Q4 us-gaap Share Price
SharePrice
0.033
CY2023Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2412260 shares
CY2023Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
50000 usd
CY2023Q4 us-gaap Share Price
SharePrice
0.033
CY2023Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2412260 shares
CY2024Q1 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
115000000 usd
CY2024Q1 MSSA Proceeds Allocated To Public Rights
ProceedsAllocatedToPublicRights
8510000 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
5290000 usd
CY2024Q1 MSSA Allocation Of Offering Costs Related To Ordinary Shares
AllocationOfOfferingCostsRelatedToOrdinaryShares
5020172 usd
CY2024Q1 us-gaap Payments For Repurchase Of Initial Public Offering
PaymentsForRepurchaseOfInitialPublicOffering
86382792 usd
CY2024Q1 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
21137903 usd
CY2024Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
36017927 usd
CY2023Q1 MSSA Payment Of Extesnsion Fee
PaymentOfExtesnsionFee
383333 usd
CY2023Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.033
CY2023Q1 MSSA Payment For Extension Fee
PaymentForExtensionFee
187155 usd
CY2023Q1 us-gaap Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
5885324 shares
CY2023Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.033
CY2023Q4 us-gaap Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
2412260 shares
CY2024Q1 MSSA Deferred Underwriting Commission
DeferredUnderwritingCommission
2875000 usd
CY2024Q1 us-gaap Professional Fees
ProfessionalFees
25000 usd
CY2022Q2 us-gaap Professional Fees
ProfessionalFees
150000 usd
CY2024Q1 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
115000000 usd
CY2024Q1 MSSA Proceeds Allocated To Public Rights
ProceedsAllocatedToPublicRights
8510000 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
5290000 usd
CY2024Q1 MSSA Allocation Of Offering Costs Related To Ordinary Shares
AllocationOfOfferingCostsRelatedToOrdinaryShares
5020172 usd
CY2024Q1 us-gaap Payments For Repurchase Of Initial Public Offering
PaymentsForRepurchaseOfInitialPublicOffering
86382792 usd
CY2024Q1 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
21137903 usd
CY2024Q1 MSSA Subsequent Measurement Of Class Ordinary Shares Subject To Possible Redemption Interest Earned On Trust Account
SubsequentMeasurementOfClassOrdinarySharesSubjectToPossibleRedemptionInterestEarnedOnTrustAccount
5082988 usd
CY2024Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
36017927 usd
CY2023Q1 MSSA Payment Of Extesnsion Fee
PaymentOfExtesnsionFee
383333 usd
CY2023Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.033
CY2023Q1 us-gaap Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
5885324 shares
CY2023Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.033
CY2023Q4 us-gaap Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
2412260 shares
CY2024Q1 MSSA Deferred Underwriting Commission
DeferredUnderwritingCommission
2875000 usd
CY2024Q1 us-gaap Professional Fees
ProfessionalFees
25000 usd
CY2022Q2 us-gaap Professional Fees
ProfessionalFees
150000 usd
CY2024Q1 MSSA Monthly Payment Description
MonthlyPaymentDescription
The Company entered into the agreement with a retainer of $5,000 per month starting from April 1, 2022
CY2024Q1 us-gaap Legal Fees
LegalFees
2500 usd
CY2024Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
10000 usd
CY2023Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
15000 usd
CY2024Q1 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
245000 usd
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3205000 shares
CY2022Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
11500000 shares
CY2024Q1 MSSA Monthly Payment Description
MonthlyPaymentDescription
The Company entered into the agreement with a retainer of $5,000 per month starting from April 1, 2022
CY2024Q1 us-gaap Legal Fees
LegalFees
2500 usd
CY2024Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
10000 usd
CY2023Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
15000 usd
CY2024Q1 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
245000 usd
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3205000 shares
CY2022Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
11500000 shares
CY2024Q3 us-gaap Notes Payable
NotesPayable
250000 usd
CY2024Q3 us-gaap Notes Payable
NotesPayable
250000 usd

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