Income Tax (Tables)

12 Months Ended

Dec. 31, 2024

The Company’s net deferred tax liabilities are as follows:

	December 31,			December 31,
	2024			2023
Deferred tax assets
Startup Costs	$	563,038		$	362,533
Valuation allowance		(563,038	)		(362,533	)
Deferred tax asset (liabilities), net of allowance	$	—		$	—

The income tax provision for the years ended December 31, 2024 and 2023 consists of the following:

Schedule of Income Tax Provision

	December 31,			December 31,
	2024			2023
Federal
Current	$	239,905		$	608,864
Deferred		(200,505	)		(279,347	)
State
Current	$	—		$	—
Deferred		—			—
Change in valuation allowance		200,505			199,988
Income tax provision	$	239,905		$	529,505

A reconciliation of the statutory federal income tax rate to the Company’s effective tax rate is as follows:

	December 31,			December 31,
	2024			2023
Statutory federal income tax rate		21.0	%		21.0	%
Interest and penalties		(3.47	)%		0.12	%
Change in fair value of warrants		(0.02	)%		(0.05	)%
Business combination expenses		(22.84	)%		1.10	%
Broken Deal		(0.00	)%		(4.37	)%
Change in valuation allowance		(27.15	)%		10.81	%
Income tax provision expense		(32.48	)%		28.61	%

GLOBALINK INVESTMENT INC. 10-K/A