2024 Q2 Form 10-K Financial Statement
#000121390024032308 Filed on April 12, 2024
Income Statement
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
Revenue | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $2.533M | $1.414M | $3.510M |
YoY Change | 369.01% | 490.22% | 288.15% |
% of Gross Profit | |||
Research & Development | $400.7K | ||
YoY Change | -41.22% | ||
% of Gross Profit | |||
Depreciation & Amortization | $102.9K | ||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $2.933M | $1.414M | $3.510M |
YoY Change | 448.13% | 490.22% | 288.15% |
Operating Profit | -$2.933M | ||
YoY Change | 183.97% | ||
Interest Expense | $24.95M | -$18.05M | -$14.69M |
YoY Change | 1620.53% | -1787.72% | -907.58% |
% of Operating Profit | |||
Other Income/Expense, Net | $24.95M | $0.00 | -$14.69M |
YoY Change | 1619.8% | -899.04% | |
Pretax Income | $22.02M | -$19.46M | -$18.20M |
YoY Change | 2304.54% | -2445.74% | -2048.59% |
Income Tax | $0.00 | $897.7K | $1.580M |
% Of Pretax Income | 0.0% | ||
Net Earnings | $22.02M | -$20.36M | -$19.78M |
YoY Change | 3438.69% | -3406.16% | -3429.76% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | $0.25 | ||
Diluted Earnings Per Share | $0.23 | -$3.00 | -$1.82 |
COMMON SHARES | |||
Basic Shares Outstanding | 86.90M shares | ||
Diluted Shares Outstanding | 96.16M shares |
Balance Sheet
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $256.5K | $20.00K | $20.00K |
YoY Change | -96.33% | -96.33% | |
Cash & Equivalents | $256.5K | $19.98K | |
Short-Term Investments | |||
Other Short-Term Assets | $777.1K | $28.33M | $28.33M |
YoY Change | 288.57% | 13039.17% | 13039.17% |
Inventory | $24.43K | $22.73K | |
Prepaid Expenses | $267.7K | $85.54K | |
Receivables | $999.00 | $2.164K | |
Other Receivables | $302.5K | $187.5K | |
Total Short-Term Assets | $1.629M | $28.35M | $28.35M |
YoY Change | 925.25% | 3624.11% | 3624.12% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.194M | $2.319M | |
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $42.99M | $42.99M | |
YoY Change | -66.35% | -66.35% | |
Other Assets | $778.2K | $0.00 | |
YoY Change | -100.0% | ||
Total Long-Term Assets | $4.910M | $42.99M | $42.99M |
YoY Change | -88.24% | -66.36% | -66.36% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.629M | $28.35M | $28.35M |
Total Long-Term Assets | $4.910M | $42.99M | $42.99M |
Total Assets | $6.540M | $71.35M | $71.35M |
YoY Change | -84.39% | -44.51% | -44.51% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.402M | $2.131M | $2.131M |
YoY Change | 183.49% | 385.32% | 385.32% |
Accrued Expenses | $890.4K | $890.0K | $890.0K |
YoY Change | 17700.0% | 17700.0% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $3.386M | $2.203M | $2.203M |
YoY Change | 160.48% | 1657.62% | 1657.62% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $24.70M | $71.21M | $71.21M |
YoY Change | 606.43% | 7731.44% | 7731.37% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $24.70M | $71.21M | $71.21M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $24.70M | $75.54M | $75.54M |
YoY Change | 215.9% | 1343.78% | 1343.78% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$97.70M | -$28.53M | |
YoY Change | 1184.57% | 632.55% | |
Common Stock | $8.709K | $6.980K | |
YoY Change | 72475.0% | 58066.67% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$18.16M | -$28.53M | -$4.191M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $6.540M | $71.35M | $71.35M |
YoY Change | -84.39% | -44.51% | -44.51% |
Cashflow Statement
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $22.02M | -$20.36M | -$19.78M |
YoY Change | 3438.69% | -3406.16% | -3429.76% |
Depreciation, Depletion And Amortization | $102.9K | ||
YoY Change | |||
Cash From Operating Activities | -$1.501M | -$516.1K | -$2.661M |
YoY Change | 42.92% | 1698.26% | 267.0% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | $7.250M | ||
YoY Change | |||
Other Investing Activities | -$66.48K | -$62.90K | $88.58M |
YoY Change | -100.07% | -170.32% | |
Cash From Investing Activities | -$66.48K | -$62.90K | $88.58M |
YoY Change | -100.07% | -170.32% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $89.04M | ||
YoY Change | -27.9% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 50.00 | 597.5K | -$86.44M |
YoY Change | -100.0% | -167.94% | |
NET CHANGE | |||
Cash From Operating Activities | -1.501M | -516.1K | -$2.661M |
Cash From Investing Activities | -66.48K | -62.90K | $88.58M |
Cash From Financing Activities | 50.00 | 597.5K | -$86.44M |
Net Change In Cash | -1.567M | 18.50K | -$525.7K |
YoY Change | 1641.21% | -164.46% | -196.34% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.501M | -$516.1K | -$2.661M |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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-725102 | usd |
CY2023 | sti |
Proceeds From Cash Withdrawn For Taxes
ProceedsFromCashWithdrawnForTaxes
|
1523258 | usd |
CY2023 | sti |
Proceeds From Cash Withdrawn For Taxes Cash Withdrawn For Redemptions Of Class Common Stock
ProceedsFromCashWithdrawnForTaxesCashWithdrawnForRedemptionsOfClassCommonStock
|
89038494 | usd |
CY2023 | sti |
Paymentsforinvestmentofcasin Trust Account
PaymentsforinvestmentofcasinTrustAccount
|
1985000 | usd |
CY2022 | sti |
Paymentsforinvestmentofcasin Trust Account
PaymentsforinvestmentofcasinTrustAccount
|
125970000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
88576752 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-125970000 | usd |
CY2023 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
1172159 | usd |
CY2023 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
905000 | usd |
CY2023 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
332500 | usd |
CY2023 | sti |
Proceeds Advances From Target
ProceedsAdvancesFromTarget
|
187500 | usd |
CY2023 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
89038494 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
123500000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
5405000 | usd |
CY2022 | sti |
Payment Of Underwriter Fees
PaymentOfUnderwriterFees
|
1235000 | usd |
CY2022 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
429243 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-86441335 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
127240757 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-525676 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
545655 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
545655 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
19979 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
545655 | usd |
CY2023 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1012944 | usd |
CY2022 | sti |
Deferred Offering Costs Included In Accrued Offering Costs
DeferredOfferingCostsIncludedInAccruedOfferingCosts
|
25000 | usd |
CY2022 | sti |
Deferred Offering Costs Included In Related Party Payable
DeferredOfferingCostsIncludedInRelatedPartyPayable
|
939 | usd |
CY2022 | sti |
Deferred Underwriters Compensation Charged To Temporary Equity In Connection With The Public Of
DeferredUnderwritersCompensationChargedToTemporaryEquityInConnectionWithThePublicOf
|
4322500 | usd |
CY2022 | sti |
Redeemable Common Stock Measurement Adjustment At Initial Public Offering
RedeemableCommonStockMeasurementAdjustmentAtInitialPublicOffering
|
12942102 | usd |
CY2022 | sti |
Fair Value Of Representative Shares
FairValueOfRepresentativeShares
|
776815 | usd |
CY2022 | sti |
Fair Value Of Overallotment Option
FairValueOfOverallotmentOption
|
19432 | usd |
CY2023 | sti |
Excise Tax On Redemption Of Class A Common Stock
ExciseTaxOnRedemptionOfClassACommonStock
|
890385 | usd |
CY2023 | sti |
Common Stock Redeemable Current Period Remeasurement Adjustment
CommonStockRedeemableCurrentPeriodRemeasurementAdjustment
|
3972489 | usd |
CY2022 | sti |
Common Stock Redeemable Current Period Remeasurement Adjustment
CommonStockRedeemableCurrentPeriodRemeasurementAdjustment
|
1272983 | usd |
CY2023 | us-gaap |
Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
|
17834235 | usd |
CY2023 | sti |
Merger Agreement Description
MergerAgreementDescription
|
(i)5,000,000 Earnout Shares if, over any ten (10) trading days within any thirty (30) trading day period from and after the date that is thirty (30) days following the closing date of the Transactions (the “Closing Date”) until the second anniversary of the Closing Date, the VWAP of the shares of Solidion’s Class A common stock is greater than or equal to $12.50 per share (subject to any adjustment pursuant to the Merger Agreement); (ii)7,500,000 Earnout Shares if, over any ten (10) trading days within any thirty (30) trading day period from and after the date that is one hundred eighty (180) days following the Closing Date until the date that is forty-two (42) months following the Closing Date, the VWAP of the shares of Solidion’s Class A common stock is greater than or equal to $15.00 per share (subject to any adjustment pursuant to the Merger Agreement); and (iii)10,000,000 Earnout Shares if over any ten (10) trading days within any thirty (30) trading day period from and after the date that is one hundred eighty (180) days following the Closing Date until the fourth anniversary of the Closing Date, the VWAP of the shares of Solidion’s Class A common stock is greater than or equal to $25.00 per share (subject to any adjustment pursuant to the Merger Agreement). | |
CY2023 | sti |
Percentage Of Aggregate Fair Market Value Of Asset
PercentageOfAggregateFairMarketValueOfAsset
|
0.80 | pure |
CY2023Q1 | us-gaap |
Other Ownership Interests Value
OtherOwnershipInterestsValue
|
1235000 | usd |
CY2023Q1 | sti |
Price Of Public Share
PriceOfPublicShare
|
0.1 | |
CY2023Q4 | sti |
Additional Contributed Capital
AdditionalContributedCapital
|
125000 | usd |
CY2023Q4 | sti |
Special Meeting Extension
SpecialMeetingExtension
|
750000 | usd |
CY2023 | sti |
Aggregate Of Common Stock
AggregateOfCommonStock
|
8430383 | shares |
CY2023 | sti |
Cash Withdrawal From Trust Account
CashWithdrawalFromTrustAccount
|
89038494 | usd |
CY2023 | us-gaap |
Equity Fair Value Adjustment
EquityFairValueAdjustment
|
900000 | usd |
CY2023Q4 | us-gaap |
Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
|
1625876 | shares |
CY2023Q4 | sti |
Funds Payable To Redeemed Class A Stockholders
FundsPayableToRedeemedClassAStockholders
|
17834235 | usd |
CY2023Q4 | us-gaap |
Net Investment In Lease Current
NetInvestmentInLeaseCurrent
|
5300000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
4100000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
1000 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
0.01 | pure |
CY2023 | us-gaap |
Excise And Sales Taxes
ExciseAndSalesTaxes
|
900000 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with US GAAP requires the Company’s 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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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 balance sheet 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> | |
CY2023Q4 | us-gaap |
Interest Receivable
InterestReceivable
|
187000 | usd |
CY2023 | us-gaap |
Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
|
4322500 | shares |
CY2023 | us-gaap |
Deferred Compensation Arrangement With Individual Fair Value Of Shares Issued
DeferredCompensationArrangementWithIndividualFairValueOfSharesIssued
|
776815 | usd |
CY2023Q4 | us-gaap |
Shares Subject To Mandatory Redemption Settlement Terms Amount
SharesSubjectToMandatoryRedemptionSettlementTermsAmount
|
24300000 | usd |
CY2022Q4 | us-gaap |
Shares Subject To Mandatory Redemption Settlement Terms Amount
SharesSubjectToMandatoryRedemptionSettlementTermsAmount
|
127200000 | usd |
CY2023 | sti |
Interest To Pay Distribution Expenses
InterestToPayDistributionExpenses
|
100000 | usd |
CY2023Q4 | us-gaap |
Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
|
1625876 | shares |
CY2023Q4 | sti |
Funds Payable To Redeemed Class A Stockholders
FundsPayableToRedeemedClassAStockholders
|
17834235 | usd |
CY2022Q4 | sti |
Excise Tax Percentage
ExciseTaxPercentage
|
0.01 | pure |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
900000 | usd |
CY2023Q4 | us-gaap |
Common Stock Dividends Shares
CommonStockDividendsShares
|
1625876 | shares |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Concentration of Credit Risk</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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 $250,000. The Company has not experienced losses on this account.</p> | |
CY2023Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2022Q1 | sti |
Aggregate To Founder Shares
AggregateToFounderShares
|
3162500 | shares |
CY2022 | sti |
Number Of Shares Subject To Forfeiture
NumberOfSharesSubjectToForfeiture
|
75000 | shares |
CY2023Q4 | us-gaap |
Other Notes Payable Current
OtherNotesPayableCurrent
|
1297500 | usd |
CY2022Q4 | us-gaap |
Other Notes Payable Current
OtherNotesPayableCurrent
|
125341 | usd |
CY2023 | sti |
Working Capital Deficit
WorkingCapitalDeficit
|
905000 | usd |
sti |
Working Capital Deficit
WorkingCapitalDeficit
|
905000 | usd | |
CY2023 | us-gaap |
Related Party Tax Expense Effect Of Change In Allocation Methodology
RelatedPartyTaxExpenseEffectOfChangeInAllocationMethodology
|
905000 | usd |
CY2022 | us-gaap |
Related Party Tax Expense Effect Of Change In Allocation Methodology
RelatedPartyTaxExpenseEffectOfChangeInAllocationMethodology
|
0 | usd |
CY2023Q2 | sti |
Advances From Target
AdvancesFromTarget
|
62500 | usd |
CY2023Q3 | sti |
Additional Advanced
AdditionalAdvanced
|
62500 | usd |
CY2023Q3 | sti |
Additional Advanced
AdditionalAdvanced
|
62500 | usd |
CY2023Q4 | sti |
Advances From Target Current
AdvancesFromTargetCurrent
|
187500 | usd |
CY2023 | sti |
Related Parties Expenses Paid
RelatedPartiesExpensesPaid
|
332500 | usd |
CY2022 | sti |
Related Parties Expenses Paid
RelatedPartiesExpensesPaid
|
2841 | usd |
CY2023Q4 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
7250000 | usd |
CY2023 | sti |
Related Party Transaction Expenses From Transactions With Related Party Per Month
RelatedPartyTransactionExpensesFromTransactionsWithRelatedPartyPerMonth
|
10000 | usd |
CY2023 | us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
125000 | usd |
CY2022 | us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
95000 | usd |
CY2023 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
79481 | usd |
CY2022 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
0 | usd |
CY2023Q4 | us-gaap |
Minority Interest
MinorityInterest
|
1500000 | usd |
CY2023 | sti |
Underwriting Cash Discount Per Unit
UnderwritingCashDiscountPerUnit
|
0.1 | |
CY2023 | sti |
Aggregate Amount
AggregateAmount
|
4322500 | usd |
CY2023 | sti |
Cash Payments To Sponsor
CashPaymentsToSponsor
|
7250000 | usd |
CY2023 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
776815 | usd |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023 | us-gaap |
Debt Conversion Converted Instrument Rate
DebtConversionConvertedInstrumentRate
|
0.20 | pure |
CY2023Q4 | us-gaap |
Share Price
SharePrice
|
18 | |
CY2023Q4 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
42994274 | usd |
CY2022Q4 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
127782882 | usd |
CY2023Q4 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
28245500 | usd |
CY2023Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
46728596 | usd |
CY2023 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
123500 | shares |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
|
6.29 | |
CY2023 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
776815 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
369290 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
147881 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
369290 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
147881 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
369290 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
147881 | usd |
CY2023 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
1579608 | usd |
CY2022 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
339899 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1579608 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
339899 | usd |
CY2023 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
221409 | usd |
CY2022 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
147481 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Depletion
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepletion
|
-0.026 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
|
-0.0846 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.0004 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.0044 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.0122 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.1584 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
|
0.0868 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
|
0.364 | pure |
CY2023Q4 | us-gaap |
Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
|
1625876 | shares |
CY2023Q4 | sti |
Funds Payable To Redeemed Class A Stockholders
FundsPayableToRedeemedClassAStockholders
|
17834235 | usd |
CY2022Q4 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
usd | |
CY2022Q4 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
usd | |
CY2023Q4 | sti |
Accrued Offering Costs
AccruedOfferingCosts
|
usd | |
CY2022Q4 | sti |
Funds Payable To Redeemed Class A Stockholders
FundsPayableToRedeemedClassAStockholders
|
usd | |
CY2022Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
usd | |
CY2022Q4 | sti |
Advances From Target Current
AdvancesFromTargetCurrent
|
usd | |
CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
usd | |
CY2023 | sti |
Change In Fair Value Of Overallotment Liability
ChangeInFairValueOfOverallotmentLiability
|
usd | |
CY2022 | us-gaap |
Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
|
usd | |
CY2023 | sti |
Change In Fair Value Of Overallotment Liability
ChangeInFairValueOfOverallotmentLiability
|
usd | |
CY2022 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
usd | |
CY2022 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
usd | |
CY2022 | sti |
Proceeds From Cash Withdrawn For Taxes
ProceedsFromCashWithdrawnForTaxes
|
usd | |
CY2022 | sti |
Proceeds From Cash Withdrawn For Taxes Cash Withdrawn For Redemptions Of Class Common Stock
ProceedsFromCashWithdrawnForTaxesCashWithdrawnForRedemptionsOfClassCommonStock
|
usd | |
CY2022 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
usd | |
CY2022 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
usd | |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
usd | |
CY2022 | sti |
Proceeds Advances From Target
ProceedsAdvancesFromTarget
|
usd | |
CY2022 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
usd | |
CY2023 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
usd | |
CY2023 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
usd | |
CY2023 | sti |
Payment Of Underwriter Fees
PaymentOfUnderwriterFees
|
usd | |
CY2023 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
usd | |
CY2022 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | |
CY2023 | sti |
Deferred Offering Costs Included In Accrued Offering Costs
DeferredOfferingCostsIncludedInAccruedOfferingCosts
|
usd | |
CY2023 | sti |
Deferred Offering Costs Included In Related Party Payable
DeferredOfferingCostsIncludedInRelatedPartyPayable
|
usd | |
CY2023 | sti |
Deferred Underwriters Compensation Charged To Temporary Equity In Connection With The Public Of
DeferredUnderwritersCompensationChargedToTemporaryEquityInConnectionWithThePublicOf
|
usd | |
CY2023 | sti |
Redeemable Common Stock Measurement Adjustment At Initial Public Offering
RedeemableCommonStockMeasurementAdjustmentAtInitialPublicOffering
|
usd | |
CY2023 | sti |
Fair Value Of Representative Shares
FairValueOfRepresentativeShares
|
usd | |
CY2023 | sti |
Fair Value Of Overallotment Option
FairValueOfOverallotmentOption
|
usd | |
CY2022 | sti |
Excise Tax On Redemption Of Class A Common Stock
ExciseTaxOnRedemptionOfClassACommonStock
|
usd | |
CY2022 | us-gaap |
Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
|
usd | |
CY2022Q4 | sti |
Advances From Target Current
AdvancesFromTargetCurrent
|
usd | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2022Q4 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
usd | |
CY2022Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
usd | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
usd | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
usd | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2023 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
usd | |
CY2023 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
usd | |
CY2023 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
usd | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
pure | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
pure | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Depletion
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepletion
|
pure | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
|
pure | |
CY2023 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2023 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001881551 |