SCHEDULE OF NET LIABILITIES ACQUIRED IN MERGER (Details) |
Feb. 14, 2024
USD ($)
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Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] | |
Cash | $ 229,328 |
Due from Sponsor | 158,819 |
Prepaid expenses and other assets | 2,501 |
Accounts payable | (96,175) |
Accrued expenses | (1,269,126) |
Notes payable | (1,651,000) |
Derivative warrant liabilities | (29,000) |
Total net liabilities acquired | (2,654,653) |
Plus: Merger transaction costs limited to cash acquired | (229,328) |
Total net liabilities acquired plus transaction costs | $ (2,883,981) |
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- Definition Business combination recognized identifiable assets acquired and liabilities assumed current liabilities accrued expenses. No definition available.
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- Definition Business combination recognized identifiable assets acquired and liabilities assumed net plus transaction costs. No definition available.
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- Definition Merger transaction costs limited to cash acquired. No definition available.
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- References No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties expected to be converted to cash, sold or exchanged within one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities incurred for goods and services received that are used in an entity's business and related party payables, assumed at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of long-term debt due within one year or within the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of other liabilities due after one year or the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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