v3.24.1.1.u2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
ASSETS:
Cash	$ 17,183	$ 101,174
Total current assets	17,183	101,174
Investments held in Trust Account	9,296,616	9,287,900
TOTAL ASSETS	9,313,799	9,389,074
LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS’ DEFICIT:
Accounts payable and accrued expenses	3,692,805	3,233,469
Income tax payable	72,958	63,395
Excise tax payable	112,338	112,338
Promissory notes	1,347,355	1,203,961
Promissory notes – related party	448,039	448,039
Due to related parties	427,667	427,667
Total current liabilities	6,101,162	5,488,869
Other long-term liabilities	2,000,000	2,000,000
Deferred underwriting commissions	3,614,100	3,614,100
Warrant liabilities	1,240,775	330,872
Total Liabilities	12,956,037	11,433,841
Stockholders’ Deficit:
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding
Additional paid-in capital	1,455,340	1,549,028
Accumulated deficit	(14,569,443)	(12,966,122)
Total Stockholders’ Deficit	(13,113,834)	(11,416,825)
TOTAL LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS’ DEFICIT	9,313,799	9,389,074
Common Class A Subject to Redemption [Member]
Redeemable Common Stock
Class A common stock subject to possible redemption	9,471,596	9,372,058
Stockholders’ Deficit:
Common stock, value	269	269
Common Class B [Member]
Stockholders’ Deficit:
Common stock, value
Total Stockholders’ Deficit

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OceanTech Acquisitions I Corp. 10-Q