2024 Q1 Form 10-K Financial Statement
#000182912624001878 Filed on March 25, 2024
Income Statement
Concept | 2024 Q1 |
---|---|
Revenue | $0.00 |
YoY Change | |
Cost Of Revenue | |
YoY Change | |
Gross Profit | |
YoY Change | |
Gross Profit Margin | |
Selling, General & Admin | $46.20K |
YoY Change | |
% of Gross Profit | |
Research & Development | |
YoY Change | |
% of Gross Profit | |
Depreciation & Amortization | |
YoY Change | |
% of Gross Profit | |
Operating Expenses | $123.2K |
YoY Change | |
Operating Profit | -$123.2K |
YoY Change | |
Interest Expense | $926.0K |
YoY Change | |
% of Operating Profit | |
Other Income/Expense, Net | $926.0K |
YoY Change | |
Pretax Income | $802.8K |
YoY Change | |
Income Tax | $191.1K |
% Of Pretax Income | 23.8% |
Net Earnings | $611.7K |
YoY Change | |
Net Earnings / Revenue | |
Basic Earnings Per Share | |
Diluted Earnings Per Share | $0.07 |
COMMON SHARES | |
Basic Shares Outstanding | 8.947M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2024 Q1 |
---|---|
SHORT-TERM ASSETS | |
Cash & Short-Term Investments | $565.8K |
YoY Change | |
Cash & Equivalents | $0.00 |
Short-Term Investments | |
Other Short-Term Assets | $84.86K |
YoY Change | |
Inventory | |
Prepaid Expenses | |
Receivables | |
Other Receivables | |
Total Short-Term Assets | $650.7K |
YoY Change | |
LONG-TERM ASSETS | |
Property, Plant & Equipment | |
YoY Change | |
Goodwill | |
YoY Change | |
Intangibles | |
YoY Change | |
Long-Term Investments | $71.43M |
YoY Change | |
Other Assets | |
YoY Change | |
Total Long-Term Assets | $71.43M |
YoY Change | |
TOTAL ASSETS | |
Total Short-Term Assets | $650.7K |
Total Long-Term Assets | $71.43M |
Total Assets | $72.08M |
YoY Change | |
SHORT-TERM LIABILITIES | |
YoY Change | |
Accounts Payable | $35.65K |
YoY Change | |
Accrued Expenses | |
YoY Change | |
Deferred Revenue | |
YoY Change | |
Short-Term Debt | $0.00 |
YoY Change | |
Long-Term Debt Due | |
YoY Change | |
Total Short-Term Liabilities | $472.3K |
YoY Change | |
LONG-TERM LIABILITIES | |
Long-Term Debt | $0.00 |
YoY Change | |
Other Long-Term Liabilities | $2.415M |
YoY Change | |
Total Long-Term Liabilities | $2.415M |
YoY Change | |
TOTAL LIABILITIES | |
Total Short-Term Liabilities | $472.3K |
Total Long-Term Liabilities | $2.415M |
Total Liabilities | $2.887M |
YoY Change | |
SHAREHOLDERS EQUITY | |
Retained Earnings | -$1.843M |
YoY Change | |
Common Stock | $204.00 |
YoY Change | |
Preferred Stock | |
YoY Change | |
Treasury Stock (at cost) | |
YoY Change | |
Treasury Stock Shares | |
Shareholders Equity | -$1.843M |
YoY Change | |
Total Liabilities & Shareholders Equity | $72.08M |
YoY Change |
Cashflow Statement
Concept | 2024 Q1 |
---|---|
OPERATING ACTIVITIES | |
Net Income | $611.7K |
YoY Change | |
Depreciation, Depletion And Amortization | |
YoY Change | |
Cash From Operating Activities | -$44.37K |
YoY Change | |
INVESTING ACTIVITIES | |
Capital Expenditures | |
YoY Change | |
Acquisitions | |
YoY Change | |
Other Investing Activities | |
YoY Change | |
Cash From Investing Activities | |
YoY Change | |
FINANCING ACTIVITIES | |
Cash Dividend Paid | |
YoY Change | |
Common Stock Issuance & Retirement, Net | |
YoY Change | |
Debt Paid & Issued, Net | |
YoY Change | |
Cash From Financing Activities | |
YoY Change | |
NET CHANGE | |
Cash From Operating Activities | -$44.37K |
Cash From Investing Activities | |
Cash From Financing Activities | |
Net Change In Cash | -$44.37K |
YoY Change | |
FREE CASH FLOW | |
Cash From Operating Activities | -$44.37K |
Capital Expenditures | |
Free Cash Flow | |
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001978528 | ||
CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
usd | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
usd | |
QETAU |
Issuance Of Representative Shares
IssuanceOfRepresentativeShares
|
usd | ||
QETAU |
Accretion Of Additional Paid In Capital To Accumulated Deficit
AccretionOfAdditionalPaidInCapitalToAccumulatedDeficit
|
usd | ||
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
usd | |
CY2023Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
usd | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
usd | ||
us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
usd | ||
dei |
Document Type
DocumentType
|
10-K | ||
dei |
Document Annual Report
DocumentAnnualReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-12-31 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity File Number
EntityFileNumber
|
001-41832 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
QUETTA ACQUISITION CORPORATION | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
93-1358026 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
1185 Avenue of the Americas | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 301 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
New York | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
NY | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
10036 | ||
dei |
City Area Code
CityAreaCode
|
(212) | ||
dei |
Local Phone Number
LocalPhoneNumber
|
612-1400 | ||
dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | ||
dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
true | ||
dei |
Entity Ex Transition Period
EntityExTransitionPeriod
|
false | ||
dei |
Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
|
false | ||
dei |
Entity Shell Company
EntityShellCompany
|
true | ||
CY2023Q2 | dei |
Entity Public Float
EntityPublicFloat
|
0 | usd |
CY2024Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
8947045 | shares |
dei |
Auditor Name
AuditorName
|
MaloneBailey, LLP | ||
dei |
Auditor Location
AuditorLocation
|
Houston, Texas | ||
dei |
Auditor Firm
AuditorFirmId
|
206 | ||
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
108212 | usd |
CY2023Q4 | us-gaap |
Assets Current
AssetsCurrent
|
718397 | usd |
CY2023Q4 | us-gaap |
Assets Held In Trust
AssetsHeldInTrust
|
70506524 | usd |
CY2023Q4 | us-gaap |
Assets
Assets
|
71224921 | usd |
CY2023Q4 | QETAU |
Due To Related Party Administrative Fee
DueToRelatedPartyAdministrativeFee
|
28710 | usd |
CY2023Q4 | us-gaap |
Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
|
18254 | usd |
CY2023Q4 | QETAU |
Franchise Tax Payable
FranchiseTaxPayable
|
14378 | usd |
CY2023Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
170649 | usd |
CY2023Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
231991 | usd |
CY2023Q4 | QETAU |
Deferred Underwriting Fee Payable
DeferredUnderwritingFeePayable
|
2415000 | usd |
CY2023Q4 | us-gaap |
Liabilities
Liabilities
|
2646991 | usd |
CY2023Q4 | us-gaap |
Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
|
20000000 | shares |
CY2023Q4 | us-gaap |
Temporary Equity Shares Issued
TemporaryEquitySharesIssued
|
6900000 | shares |
CY2023Q4 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
6900000 | shares |
CY2023Q4 | us-gaap |
Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
|
10.19 | |
CY2023Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
|
70321524 | usd |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
20000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
2047045 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
2047045 | shares |
CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
204 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1743798 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1743594 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
71224921 | usd |
us-gaap |
Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
|
78045 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
28710 | usd | |
QETAU |
Franchise Tax Expense
FranchiseTaxExpense
|
14378 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-121133 | usd | |
us-gaap |
Interest Income Operating
InterestIncomeOperating
|
10467 | usd | |
QETAU |
Interest Earned On Marketable Securities Held In Trust Account
InterestEarnedOnMarketableSecuritiesHeldInTrustAccount
|
816524 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
826991 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-170649 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
535209 | usd | |
QETAU |
Basic And Diluted Weighted Average Shares Outstanding Common Shares Subject To Possible Redemption
BasicAndDilutedWeightedAverageSharesOutstandingCommonSharesSubjectToPossibleRedemption
|
2290574 | shares | |
QETAU |
Basic And Diluted Net Income Per Share Redeemable Common Stock
BasicAndDilutedNetIncomePerShareRedeemableCommonStock
|
0.13 | ||
QETAU |
Basic And Diluted Weighted Average Shares Outstanding Nonredeemable Common Stock1
BasicAndDilutedWeightedAverageSharesOutstandingNonredeemableCommonStock1
|
1831908 | shares | |
QETAU |
Basic And Diluted Net Income Per Share Nonredeemable Common Stock
BasicAndDilutedNetIncomePerShareNonredeemableCommonStock
|
0.13 | ||
QETAU |
Founder Shares Issued To Initial Stockholders1
FounderSharesIssuedToInitialStockholders1
|
25000 | usd | |
QETAU |
Proceeds From Sale Of Ipo Units
ProceedsFromSaleOfIpoUnits
|
69000000 | usd | |
QETAU |
Proceeds From Sale Of Private Placement Units
ProceedsFromSaleOfPrivatePlacementUnits
|
2530450 | usd | |
QETAU |
Common Stock Subject To Possible Redemption
CommonStockSubjectToPossibleRedemption
|
-69690000 | usd | |
QETAU |
Underwriter Commissions
UnderwriterCommissions
|
-2415000 | usd | |
QETAU |
Offering Costs
OfferingCosts
|
-1097729 | usd | |
QETAU |
Remeasurement Of Common Stock Subject To Possible Redemption
RemeasurementOfCommonStockSubjectToPossibleRedemption
|
-631524 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
535209 | usd | |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1743594 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
535209 | usd | |
QETAU |
Interest Earned On Marketable Securities Held In Trust Account
InterestEarnedOnMarketableSecuritiesHeldInTrustAccount
|
816524 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
108212 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
18254 | usd | |
us-gaap |
Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
|
170649 | usd | |
QETAU |
Increase Decrease In Franchises Tax Payable
IncreaseDecreaseInFranchisesTaxPayable
|
14378 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
28710 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-157536 | usd | |
QETAU |
Investment Of Cash Into Trust Account
InvestmentOfCashIntoTrustAccount
|
69690000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-69690000 | usd | |
QETAU |
Proceeds From Issuance Of Common Stock To Sponsor
ProceedsFromIssuanceOfCommonStockToSponsor
|
25000 | usd | |
QETAU |
Proceeds From Sale Of Public Units
ProceedsFromSaleOfPublicUnits
|
69000000 | usd | |
us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
2530450 | usd | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
300000 | usd | |
QETAU |
Proceeds From Due To Related Party
ProceedsFromDueToRelatedParty
|
85000 | usd | |
QETAU |
Repayment Of Due To Related Party
RepaymentOfDueToRelatedParty
|
85000 | usd | |
QETAU |
Repayment Of Promissory Note Related Party
RepaymentOfPromissoryNoteRelatedParty
|
300000 | usd | |
QETAU |
Payment Of Offering Costs
PaymentOfOfferingCosts
|
1097729 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
70457721 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
610185 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
610185 | usd |
QETAU |
Initial Classification Of Common Stock Subject To Possible Redemption
InitialClassificationOfCommonStockSubjectToPossibleRedemption
|
69690000 | usd | |
QETAU |
Accretion Of Additional Paid In Capital To Accumulated Deficits
AccretionOfAdditionalPaidInCapitalToAccumulatedDeficits
|
1647476 | usd | |
QETAU |
Change In Value Of Class Common Stock Subject To Possible Redemption
ChangeInValueOfClassCommonStockSubjectToPossibleRedemption
|
631524 | usd | |
QETAU |
Deferred Underwriting Fees Payable
DeferredUnderwritingFeesPayable
|
2415000 | usd | |
CY2023Q4 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
4202729 | usd |
CY2023Q4 | QETAU |
Underwriting Fees
UnderwritingFees
|
690000 | usd |
QETAU |
Reimbursement Of Expenses
ReimbursementOfExpenses
|
690000 | usd | |
CY2023Q4 | QETAU |
Deferred Underwriting Fees
DeferredUnderwritingFees
|
2415000 | usd |
CY2023Q4 | QETAU |
Other Offering Costs
OtherOfferingCosts
|
1097729 | usd |
QETAU |
Investment Of Cash Into Trust Account
InvestmentOfCashIntoTrustAccount
|
69690000 | usd | |
CY2023Q4 | QETAU |
Percentage Of Amount Of Trust Assets Of Target Company Excluding Underwriting Commission Working Capital And Taxes
PercentageOfAmountOfTrustAssetsOfTargetCompanyExcludingUnderwritingCommissionWorkingCapitalAndTaxes
|
0.80 | pure |
CY2023Q4 | QETAU |
Net Tangible Assets
NetTangibleAssets
|
5000001 | usd |
CY2023Q4 | QETAU |
Percentage Of Public Shareholding To Be Redeemed In Case Of Non Occurrence Of Business Combination
PercentageOfPublicShareholdingToBeRedeemedInCaseOfNonOccurrenceOfBusinessCombination
|
1 | pure |
CY2023Q4 | us-gaap |
Deposits
Deposits
|
690000 | usd |
QETAU |
Aggregate Amount
AggregateAmount
|
1380000 | usd | |
CY2023Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
10.10 | |
CY2023Q4 | us-gaap |
Cash
Cash
|
610185 | usd |
CY2023Q4 | QETAU |
Working Capital Deficit
WorkingCapitalDeficit
|
486406 | usd |
QETAU |
Payment From Sponsor
PaymentFromSponsor
|
25000 | usd | |
CY2023Q4 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
300000 | usd |
CY2023Q4 | QETAU |
Promissory Note Related Party
PromissoryNoteRelatedParty
|
300000 | usd |
CY2023Q4 | QETAU |
Related Party Due
RelatedPartyDue
|
0 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_846_eus-gaap--UseOfEstimates_zHmP2F7F7UW7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_865_zDuMAYQAopy">Use of Estimates</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In preparing the financial statement in conformity with U.S. GAAP, the Company’s management makes 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 expenses during the reporting period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> | ||
CY2023Q4 | us-gaap |
Cash
Cash
|
610185 | usd |
CY2023Q4 | us-gaap |
Assets Held In Trust
AssetsHeldInTrust
|
70506524 | usd |
CY2023Q4 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
4202729 | usd |
CY2023Q4 | QETAU |
Underwriter Fees
UnderwriterFees
|
3105000 | usd |
QETAU |
Reimbursement Of Expenses
ReimbursementOfExpenses
|
690000 | usd | |
us-gaap |
Other Expenses
OtherExpenses
|
1097729 | usd | |
us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
297378 | usd | |
QETAU |
Basic And Diluted Weighted Average Shares Outstanding Common Shares Subject To Possible Redemption
BasicAndDilutedWeightedAverageSharesOutstandingCommonSharesSubjectToPossibleRedemption
|
2290574 | shares | |
QETAU |
Basic And Diluted Net Income Per Share Redeemable Common Stock
BasicAndDilutedNetIncomePerShareRedeemableCommonStock
|
0.13 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
535209 | usd | |
QETAU |
Net Income Attributable To Class Common Stock Subject To Possible Redemption
NetIncomeAttributableToClassCommonStockSubjectToPossibleRedemption
|
297378 | usd | |
us-gaap |
Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
|
237831 | usd | |
QETAU |
Basic And Diluted Weighted Average Shares Outstanding Nonredeemable Common Stock
BasicAndDilutedWeightedAverageSharesOutstandingNonredeemableCommonStock
|
1831908 | shares | |
QETAU |
Basic And Diluted Net Income Loss Per Share Nonredeemable Common Stock
BasicAndDilutedNetIncomeLossPerShareNonredeemableCommonStock
|
0.13 | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_844_eus-gaap--ConcentrationRiskCreditRisk_zIb69nH2jrvc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_86B_zNOX2DsaRNV6">Concentration of Credit Risk</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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 Coverage of $<span id="xdx_907_eus-gaap--FederalDepositInsuranceCorporationPremiumExpense_c20230501__20231231_zydj8Ga48Vue" title="Federal depository insurance coverage">250,000</span>. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> | ||
us-gaap |
Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
|
250000 | usd | |
CY2023Q4 | us-gaap |
Temporary Equity Shares Issued
TemporaryEquitySharesIssued
|
6900000 | shares |
CY2023Q4 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
69000000 | usd |
us-gaap |
Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
|
225000 | usd | |
CY2023Q4 | QETAU |
Founder Shares Issued
FounderSharesIssued
|
1725000 | shares |
CY2022Q4 | us-gaap |
Professional Fees
ProfessionalFees
|
85000 | usd |
QETAU |
Transaction Costs
TransactionCosts
|
85000 | usd | |
CY2023Q4 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
85000 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
10.00 | |
CY2023Q4 | QETAU |
Working Capital Loans
WorkingCapitalLoans
|
0 | usd |
us-gaap |
Payments For Fees
PaymentsForFees
|
10000 | usd | |
us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
1000 | usd | |
CY2023Q4 | QETAU |
Due To Empire
DueToEmpire
|
1350 | usd |
QETAU |
Over Allotment Option Vesting Period
OverAllotmentOptionVestingPeriod
|
P45D | ||
CY2023Q4 | QETAU |
Deferred Fee Percentage
DeferredFeePercentage
|
0.035 | pure |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
20000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
2047045 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
2047045 | shares |
QETAU |
Shedule Ofassets That Are Measured At Fair Value
SheduleOfassetsThatAreMeasuredAtFairValue
|
<table cellpadding="0" cellspacing="0" id="xdx_88D_ecustom--SheduleOfassetsThatAreMeasuredAtFairValue_znKKSu2VA8wk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair Value Measurements (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"> <span id="xdx_8BC_zKtVxEC53Zlb" style="display: none">Schedule of fair value hierarchy of the valuation inputs</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31,<br/>2023</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Quoted<br/>Prices in<br/>Active Markets<br/>(Level 1)</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Significant<br/>Other<br/>Observable<br/>Inputs<br/>(Level 2)</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Significant<br/>Other<br/>Unobservable<br/>Inputs<br/>(Level 3)</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left">Assets</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 52%; text-align: left">Investments held in Trust Account</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_984_eus-gaap--AssetsFairValueDisclosure_iI_c20231231_zz3Uptm2SOBe" style="width: 9%; text-align: right" title="Investments held in Trust Account">70,506,524</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_986_eus-gaap--AssetsFairValueDisclosure_iI_c20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zh19HBTzw7da" style="width: 9%; text-align: right" title="Investments held in Trust Account">70,506,524</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_984_eus-gaap--AssetsFairValueDisclosure_iI_c20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zOJTDi0cxZ8g" style="width: 9%; text-align: right" title="Investments held in Trust Account"><span style="-sec-ix-hidden: xdx2ixbrl0504">-</span></td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_98F_eus-gaap--AssetsFairValueDisclosure_iI_c20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zRE4ExS7sy18" style="width: 9%; text-align: right" title="Investments held in Trust Account"><span style="-sec-ix-hidden: xdx2ixbrl0506">-</span></td> <td style="width: 1%; text-align: left"> </td></tr> </table> | ||
CY2023Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
70506524 | usd |
CY2023Q4 | QETAU |
Startuporganization Expenses
StartuporganizationExpenses
|
34389 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
34389 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
34389 | usd |
us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
170649 | usd | |
us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-34389 | usd | |
QETAU |
Valuation Allowance Deferred Tax Asset Changes In Amount
ValuationAllowanceDeferredTaxAssetChangesInAmount
|
34389 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-170649 | usd | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.2100 | pure | |
us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.0000 | pure | |
us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.0530 | pure | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.2630 | pure | |
us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
34389 | usd | |
QETAU |
Federal Income Tax
FederalIncomeTax
|
170649 | usd |