v3.26.1
Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Information  
Segment Information

Note 8 — Segment Information

 

ASC Topic 280, “Segment Reporting”, establishes standards for companies to report, in their financial statements, information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance.

 

The Company’s CODM has been identified as the Chief Executive Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one reportable segment.

 

The CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss that also is reported on the statements of operations as net income or loss. The measure of segment assets is reported on the balance sheets as total assets. When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key metrics, which include the following:

 

 

 

As of

March 31,

2026

 

 

As of

December 31,

 2025

 

Cash

 

$590,198

 

 

$756,592

 

Prepaid expenses

 

 

66,750

 

 

 

9,000

 

Marketable securities held in Trust Account

 

 

71,476,506

 

 

 

70,858,017

 

Total Assets

 

$72,133,454

 

 

$71,623,609

 

 

 

 

For The

 

 

For The

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

March 31,

2026

 

 

March 31,

2025

 

Formation, general and administrative expenses

 

$(108,644 )

 

$(34,688 )

Interest income on marketable securities held in Trust Account

 

 

618,489

 

 

 

-

 

Net Income (Loss)

 

$509,845

 

 

$(34,688 )

 

The CODM reviews the Company’s financial position by reviewing the total assets available to determine if sufficient resources are in place to discharge liabilities. The CODM is provided with details of cash and liquid resources available with the Company. Additionally, the CODM regularly reviews the status of general and administrative expenses incurred to assess if these are in line with the planned use of proceeds from the public offering.