Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2024

Summary of Significant Accounting Policies [Abstract]

Schedule of Net Income (Loss) Per Share Presented in the Statements of Operations

The net income (loss) per share presented in the statements of operations is based on the following:

	Three Months Ended March 31,
	2024			2023
Net loss	$	(3,055	)	$	(224,171	)
Accretion of redeemable common stock to redemption value		(111,076	)		(3,802,141	)
Net loss including accretion of redeemable common stock to redemption value	$	(114,131	)	$	(4,026,312	)

Schedule of Basic and Diluted Net Income (Loss) Per Common Stock

	Three Months Ended March 31, 2024						Three Months Ended March 31, 2023
	Redeemable shares			Non- redeemable shares			Redeemable shares			Non- redeemable shares
Basic and diluted net income (loss) per common stock
Numerator:
Allocation of net loss	$	(38,243	)	$	(75,888	)	$	(3,061,116	)	$	(965,196	)
Accretion of redeemable common stock to redemption value		111,076			—			3,802,141			—
Allocation of net income (loss)	$	72,833		$	(75,888	)	$	741,025		$	(965,196	)

Denominator:
Basic and diluted weighted average shares outstanding		837,857			1,662,623			5,273,000			1,662,623
Basic and diluted net income (loss) per common stock	$	0.09		$	(0.05	)	$	0.14		$	(0.58	)

Schedule of Common Stock Subject to Possible Redemption

At March 31, 2024 and December 31, 2023 and 2022, the amount of common stock subject to possible redemption reflected in the balance sheets are reconciled in the following table:

Gross proceeds	$	52,730,000
Less:
Proceeds allocated to public warrants		(3,532,910	)
Proceeds allocated to public rights		(1,845,550	)
Allocation of offering costs related to redeemable shares		(3,932,347	)
Plus:
Accretion of carrying value to redemption value		3,409,640
Common stock subject to possible redemption - December 31, 2022	$	46,828,833
Plus:
Accretion of carrying value to redemption value		8,920,393
Redemption of public stockholders		(46,921,772	)
Common stock subject to possible redemption - December 31, 2023	$	8,827,454
Plus:
Accretion of carrying value to redemption value		111,076
Common stock subject to possible redemption - March 31, 2024	$	8,938,530

Qomolangma Acquisition Corp. 10-Q