Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2025

Significant Accounting Policies [Abstract]

Schedule of Class A Ordinary Shares Subject to Possible Redemption

As of September 30, 2025 and December 31, 2024, the amount of Class A ordinary shares subject to possible redemption reflected in the balance sheet are reconciled in the following table:

	Quantity			Amount
Gross proceeds from the IPO		5,750,000		$	57,500,000
Less:
Gross proceeds from the IPO, allocated to public warrants		—			(1,003,390	)
Gross proceeds from the IPO, allocated to public rights		—			(1,293,815	)
Allocation of offering costs related to redeemable shares and public rights		—			(3,623,315	)
Plus
Accretion of carrying value to redemption value		—			7,418,245
Class A ordinary shares subject to possible redemption as of December 31, 2023		5,750,000			58,997,725
Plus
Accretion of carrying value to redemption value		—			5,972,984
Less:
Share redemption		(1,492,646	)		(16,541,342	)
Class A ordinary shares subject to possible redemption as of December 31, 2024		4,257,354		$	48,429,367
Plus
Accretion of carrying value to redemption value		—			2,749,624
Less:
Share redemption		(679,929	)		(7,859,455	)
Class A ordinary shares subject to possible redemption as of September 30, 2025		3,577,425		$	43,319,176

Schedule of Net Income (Loss) Per Share

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

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2025			2024			2025			2024
Net loss	$	13,889		$	335,717		$	(134,546	)	$	287,416
Accretion of redeemable ordinary shares to redemption value		(958,129	)		(982,083	)		(2,749,264	)		(4,904,221	)
Net loss including accretion of redeemable ordinary shares to redemption value	$	(944,240	)	$	(646,366	)	$	(2,883,810	)	$	(4,616,605	)

	For the Three months ended September 30,
	2025						2024
	Redeemable Class A Shares			Non-Redeemable Class A and Class B Shares			Redeemable Class A Shares			Non-Redeemable Class A and Class B Shares
Basic and diluted net income (loss) per ordinary shares
Numerator:
Allocation of net loss	$	(630,443	)	$	(313,797	)	$	(489,379	)	$	(153,277	)
Accretion of redeemable ordinary shares to redemption value		958,129			—			982,083			—
Allocation of net income (loss)	$	327,686		$	(313,797	)	$	492,704		$	(153,277	)

Denominator:
Basic and diluted weighted average shares outstanding		3,577,425			1,780,625			5,685,102			1,780,625
Basic and diluted net income (loss) per ordinary share		0.09			(0.18	)		0.09			(0.09	)

	For the Nine months ended September 30,
	2025						2024
	Redeemable Class A Shares			Non-Redeemable Class A and Class B Shares			Redeemable Class A Shares			Non-Redeemable Class A and Class B Shares
Basic and diluted net income (loss) per ordinary shares
Numerator:
Allocation of net loss	$	(1,961,868	)	$	(921,942	)	$	(3,521,989	)	$	(1,094,816	)
Accretion of redeemable ordinary shares to redemption value		2,749,264			—			4,904,221			—
Allocation of net income (loss)	$	787,396		$	(921,942	)	$	1,382,232		$	(1,094,816	)

Denominator:
Basic and diluted weighted average shares outstanding		3,789,125			1,780,625			5,728,210			1,780,625
Basic and diluted net income (loss) per ordinary share		0.21			(0.52	)		0.24			(0.61	)

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

+ References + Details

Oak Woods Acquisition Corp 10-Q