Jet.AI (JTAI) S-1 8 Sep 23 IPO registration Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2023
Entity Addresses [Line Items]
Document Type	S-1
Amendment Flag	false
Entity Registrant Name	Jet.AI Inc.
Entity Central Index Key	0001861622
Entity Tax Identification Number	93-2971741
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	10845 Griffith Peak Dr.
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89135
City Area Code	702
Local Phone Number	747-4000
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Business Contact [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	10845 Griffith Peak Dr.
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89135
City Area Code	702
Local Phone Number	747-4000
Contact Personnel Name	Mike Winston

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 19,879	$ 211,718	$ 614,395
Accrued interest, prepaid expenses and other receivables	36,504	3,593	81
Total current assets		215,311	614,476
Marketable securities held in Trust Account	13,125,461	12,834,629	116,725,000
Total assets	13,181,844	13,049,940	117,339,476
Current liabilities:
Due to affiliates		3,861
Accrued liabilities	410,825	97,981	18,000
Total current liabilities		101,842	18,000
Promissory note payable	575,000	575,000
Deferred underwriting commissions	4,025,000	4,025,000	4,025,000
Derivative warrant liabilities	575,739	369,902	7,069,300
Total liabilities	5,586,564	5,071,744	11,112,300
Commitments and contingencies (Note 5)
Class A ordinary shares; 1,186,952 shares subject to possible redemption (at redemption value)	13,125,461	12,834,629	116,725,000
Stockholders’ Equity
Preferred stock
Additional paid-in capital
Accumulated deficit	(5,530,469)	(4,856,721)	(10,498,112)
Total stockholders’ equity (deficit)	(5,530,181)	(4,856,433)	(10,497,824)
Total liabilities and stockholders’ equity	13,181,844	13,049,940	117,339,476
Jet Token, Inc. [Member]
Current assets:
Cash and cash equivalents	638,242	1,527,391	643,494
Other current assets	185,985	357,861	79,548
Total current assets	824,227	1,885,252	723,042
Property and equipment, net	9,313	5,814	7,495
Intangible assets, net	105,832	155,009	287,711
Right-of-use asset	1,828,882	2,081,568
Investment in joint venture	100,000
Other assets	748,111	762,976	1,122,789
Total assets	3,616,365	4,890,619	2,141,037
Current liabilities:
Accounts payable	497,706	242,933	296,201
Accrued liabilities	763,529	951,689	116,113
Deferred revenue	1,099,543	933,361	436,331
Related party advances			200,196
Lease liability, current portion	502,450	494,979
Line of credit			194,727
Total current liabilities	2,863,228	2,622,962	1,243,568
Lease liability, net of current portion	1,278,257	1,531,364
Total liabilities	4,141,485	4,154,326	1,243,568
Commitments and contingencies (Note 5)
Stockholders’ Equity
Preferred stock
Common stock	8	8	8
Subscription receivable	(25,479)	(15,544)	(96,600)
Additional paid-in capital	30,599,657	26,682,909	19,177,938
Accumulated deficit	(31,824,206)	(26,655,980)	(18,917,777)
Total stockholders’ equity (deficit)	(525,120)	736,293	897,469
Total liabilities and stockholders’ equity	3,616,365	4,890,619	2,141,037
Related Party [Member]
Current liabilities:
Due to affiliates		3,861
Common Class A [Member]
Current liabilities:
Class A ordinary shares; 1,186,952 shares subject to possible redemption (at redemption value)	13,130,000
Stockholders’ Equity
Common stock
Common Class B [Member]
Stockholders’ Equity
Common stock	288	288	288
Series Seed Preferred Stock [Member] | Jet Token, Inc. [Member]
Stockholders’ Equity
Preferred stock	20,500	20,500	29,500
Series CF Non-voting Preferred Stock [Member] | Jet Token, Inc. [Member]
Stockholders’ Equity
Preferred stock	704,396	704,396	704,396
Nonvoting Common Stock [Member]
Stockholders’ Equity
Total stockholders’ equity (deficit)
Nonvoting Common Stock [Member] | Jet Token, Inc. [Member]
Stockholders’ Equity
Common stock	4	4	4
Total stockholders’ equity (deficit)	$ 4	$ 4	$ 4

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Temporary equity possible redemption	1,186,952	1,186,952
Preferred stock, par value	$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	4,000,000	4,000,000	4,000,000
Preferred stock, shares issued	0	0	0
Preferred stock, shares outstanding	0	0	0
Common stock, par value	$ 18	$ 18
Jet Token, Inc. [Member]
Preferred stock, par value	$ 0.00	$ 0.00	$ 0.00
Preferred stock, shares authorized	15,000,000	15,000,000	15,000,000
Preferred stock, shares issued	0	0	0
Preferred stock, shares outstanding	0	0	0
Common stock, par value	$ 0.00	$ 0.00	$ 0.00
Common stock, shares authorized	300,000,000	300,000,000	300,000,000
Common stock, shares issued	78,353,333	78,353,333	78,353,333
Common stock, shares outstanding	78,353,333	78,353,333	78,353,333
Common Class A [Member]
Temporary equity possible redemption		1,186,952	11,500,000
Common stock, par value	$ 0.0001	$ 0.0001	$ 0.0001
Common stock, shares authorized	400,000,000	400,000,000	400,000,000
Common stock, shares issued	115,000	115,000	115,000
Common stock, shares outstanding	115,000	115,000	115,000
Common stock redemption shares	1,186,952	1,186,952	11,500,000
Common Class B [Member]
Common stock, par value	$ 0.0001	$ 0.0001	$ 0.0001
Common stock, shares authorized	40,000,000	40,000,000	40,000,000
Common stock, shares issued	2,875,000	2,875,000	2,875,000
Common stock, shares outstanding	2,875,000	2,875,000	2,875,000
Series Seed Preferred Stock [Member] | Jet Token, Inc. [Member]
Preferred stock, par value	$ 0.00	$ 0.00	$ 0.00
Preferred stock, shares authorized	10,000,000	10,000,000	10,000,000
Preferred stock, shares issued	683,333	683,333	983,333
Preferred stock, shares outstanding	683,333	683,333	983,333
Common stock, shares authorized	300,000,000	300,000,000
Series CF Non-voting Preferred Stock [Member] | Jet Token, Inc. [Member]
Preferred stock, shares authorized	25,000,000	25,000,000	25,000,000
Preferred stock, shares issued	18,813,002	18,813,002	18,826,385
Preferred stock, shares outstanding	18,813,002	18,813,002	18,826,385
Nonvoting Common Stock [Member] | Jet Token, Inc. [Member]
Common stock, par value	$ 0.00	$ 0.00	$ 0.00
Common stock, shares authorized	200,000,000	200,000,000	200,000,000
Common stock, shares issued	48,221,393	46,089,886	42,169,330
Common stock, shares outstanding	48,221,393	46,089,886	42,169,330

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended		9 Months Ended	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Expenses
General and administrative (including stock-based compensation of $1,407,044, $1,151,092, $2,755,087, and $2,371,247, respectively)	$ (105,915)	$ (73,811)	$ (469,569)	$ (129,970)	$ (85,515)	$ (487,072)
Operating loss	(105,915)	(73,811)	(469,569)	(129,970)	(85,515)	(487,072)
Other (income) expense:
Change in fair value of warrant liabilities	183,282	(428,067)	(205,837)	2,992,573	(3,456,800)	6,699,398
Operating Expenses:
Other interest income	312	377	1,658	598	443	4,065
Income earned on marketable securities held in trust account	154,650		290,832			959,589
Net Loss	$ 232,329	$ (501,501)	$ (382,916)	$ 2,863,201	$ (3,541,872)	$ 7,175,980
Earnings (loss) per share:
Basic weighted average shares outstanding	4,176,952	14,490,000	4,176,952	14,490,000	14,490,000	13,133,764
Diluted weighted average shares outstanding	4,176,952	14,490,000	4,176,952	14,490,000	14,490,000	13,133,764
Basic net earnings (loss) per ordinary share	$ 0.06	$ (0.035)	$ (0.09)	$ 0.198	$ (0.244)	$ 0.546
Diluted net earnings (loss) per ordinary share	$ 0.06	$ (0.035)	$ (0.09)	$ 0.198	$ (0.244)	$ 0.546
Jet Token, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
Revenues	$ 2,792,808	$ 7,009,542	$ 4,668,316	$ 7,740,979		$ 21,862,728	$ 1,112,195
Cost of revenues	2,993,631	6,120,638	4,944,157	6,927,960		19,803,739	1,383,100
Gross profit (loss)	(200,823)	888,904	(275,841)	813,019		2,058,989	(270,905)
Expenses
General and administrative (including stock-based compensation of $1,407,044, $1,151,092, $2,755,087, and $2,371,247, respectively)	2,115,704	1,706,247	4,603,722	3,419,978		9,230,789	14,879,597
Sales and marketing	103,541	77,489	223,708	163,141		426,728	704,724
Research and development	28,636	27,061	64,955	46,172		137,278	117,391
Total operating expenses	2,247,881	1,810,797	4,892,385	3,629,291		9,794,795	15,701,712
Operating loss	(2,448,704)	(921,893)	(5,168,226)	(2,816,272)		(7,735,806)	(15,972,617)
Operating Expenses:
Other income		(2)		(3)		(3)	(207,368)
Total other (income) expense		(2)		(3)		(3)	(207,368)
Loss before provision for income taxes	(2,448,704)	(921,891)	(5,168,226)	(2,816,269)		(7,735,803)	(15,765,249)
Provision for income taxes				800		2,400
Net Loss	$ (2,448,704)	$ (921,891)	$ (5,168,226)	$ (2,817,069)		$ (7,738,203)	$ (15,765,249)
Earnings (loss) per share:
Basic weighted average shares outstanding	126,287,952	121,855,571	126,287,952	121,855,571		122,747,555	118,503,131
Diluted weighted average shares outstanding	126,287,952	121,855,571	126,287,952	121,855,571		122,747,555	118,503,131
Basic net earnings (loss) per ordinary share	$ (0.02)	$ (0.01)	$ (0.04)	$ (0.02)		$ (0.06)	$ (0.13)
Diluted net earnings (loss) per ordinary share	$ (0.02)	$ (0.01)	$ (0.04)	$ (0.02)		$ (0.06)	$ (0.13)

Condensed Statements of Opera_2

Condensed Statements of Operations (Unaudited) (Parenthetical) - USD ($)	3 Months Ended		6 Months Ended		9 Months Ended	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Jet Token, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
Stock based compensation	$ 1,407,044	$ 1,151,092	$ 2,755,087	$ 2,371,247	$ 12,690,091	$ 6,492,653	$ 12,690,091

Condensed Statements of Changes

Condensed Statements of Changes In Shareholders' Deficit (Unaudited) - USD ($)	Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class B [Member]	Common Stock [Member] Jet Token, Inc. [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member] Jet Token, Inc. [Member]	Retained Earnings [Member]	Retained Earnings [Member] Jet Token, Inc. [Member]	Common Class A [Member]	Common Class B [Member]	Nonvoting Common Stock [Member]	Nonvoting Common Stock [Member] Jet Token, Inc. [Member]	Total	Jet Token, Inc. [Member]	Series Seed Preferred Stock [Member] Jet Token, Inc. [Member]	Series CF Non-voting Preferred Stock [Member] Jet Token, Inc. [Member]	Subscription Receivable [Member] Jet Token, Inc. [Member]
Balance at Dec. 31, 2020			$ 9		$ 5,743,728		$ (3,152,528)				$ 3		$ 2,802,142	$ 29,500	$ 704,396	$ (522,966)
Balance, shares at Dec. 31, 2020			85,000,000								31,402,755			983,333	18,826,385
Issuance of Class A ordinary shares (net of offering costs), shares											2,625,446
Net loss							(15,765,249)						(15,765,249)
Stock option compensation					12,690,373								12,690,373
Sale of Non-Voting Common Stock for cash					2,417,424								2,320,824			(96,600)
Receipt of subscription receivable													522,966			522,966
Offering costs					(1,673,587)								(1,673,587)
Sale of Non-Voting Common Stock for cash, Shares											4,119,908
Share exchange			$ (1)								$ 1
Share exchange, shares			(6,646,667)								6,646,667
Balance at Dec. 31, 2021		$ 288	$ 8		19,177,938	$ (10,498,112)	(18,917,777)				$ 4	$ (10,497,824)	897,469	$ 29,500	$ 704,396	(96,600)
Balance, shares at Dec. 31, 2021	115,000	2,875,000	78,353,333								42,169,330			983,333	18,826,385
Balance at Apr. 11, 2021
Balance, shares at Apr. 11, 2021
Issuance of Class B ordinary shares to Sponsor		$ 288		24,712								25,000
Issuance of Class B ordinary shares to Sponsor,shares		2,875,000
Issuance of Class A ordinary shares (net of offering costs)	$ 1,161			103,983,884								103,985,045
Issuance of Class A ordinary shares (net of offering costs), shares	11,615,000
Issuance of private placement warrants				5,760,000								5,760,000
Class A Ordinary shares reclassified to Commitments subject to possible redemption	$ (1,161)			(101,227,174)								(101,228,335)
Class A Ordinary shares subject to possible redemption, shares	(11,500,000)
Accretion for Class A Ordinary Shares to redemption amount				(8,541,422)		(6,956,240)						(15,497,662)
Net loss						(3,541,872)		$ (2,839,120)	$ (702,753)			(3,541,872)
Balance at Dec. 31, 2021		$ 288	$ 8		19,177,938	(10,498,112)	(18,917,777)				$ 4	(10,497,824)	897,469	$ 29,500	$ 704,396	(96,600)
Balance, shares at Dec. 31, 2021	115,000	2,875,000	78,353,333								42,169,330			983,333	18,826,385
Net loss						3,364,702	(1,895,178)					3,364,702	(1,895,178)
Stock option compensation					1,151,092								1,151,092
Sale of Non-Voting Common Stock for cash					1,163,998								1,163,998
Offering costs					(551,310)								(551,310)
Sale of Non-Voting Common Stock for cash, Shares											1,562,860
Balance at Mar. 31, 2022		$ 288	$ 8		20,941,718	(7,133,410)	(20,812,955)				$ 4	(7,133,122)	766,071	$ 29,500	$ 704,396	(96,600)
Balance, shares at Mar. 31, 2022	115,000	2,875,000	78,353,333								43,732,190			983,333	18,826,385
Balance at Dec. 31, 2021		$ 288	$ 8		19,177,938	(10,498,112)	(18,917,777)				$ 4	(10,497,824)	897,469	$ 29,500	$ 704,396	(96,600)
Balance, shares at Dec. 31, 2021	115,000	2,875,000	78,353,333								42,169,330			983,333	18,826,385
Issuance of Class A ordinary shares (net of offering costs), shares											2,164,648
Net loss								2,295,106	568,095			2,863,201	(2,817,069)
Balance at Jun. 30, 2022		$ 288	$ 8		22,253,345	(7,634,911)	(21,734,846)				$ 4	(7,634,623)	1,155,807	$ 29,500	$ 704,396	(96,600)
Balance, shares at Jun. 30, 2022	115,000	2,875,000	78,353,333								44,379,013			983,333	18,826,385
Balance at Dec. 31, 2021		$ 288	$ 8		19,177,938	(10,498,112)	(18,917,777)				$ 4	(10,497,824)	897,469	$ 29,500	$ 704,396	(96,600)
Balance, shares at Dec. 31, 2021	115,000	2,875,000	78,353,333								42,169,330			983,333	18,826,385
Class A Ordinary shares subject to possible redemption, shares
Accretion for Class A Ordinary Shares to redemption amount						(1,534,589)						(1,534,589)
Net loss						7,175,980	(7,738,203)	5,605,148	1,570,832			7,175,980	(7,738,203)
Stock option compensation					6,492,653								6,492,653
Sale of Non-Voting Common Stock for cash					2,919,704								2,904,160			(15,544)
Receipt of subscription receivable													96,600			96,600
Offering costs					(1,691,386)								(1,691,386)
Sale of Non-Voting Common Stock for cash, Shares											3,920,556
Preferred share redemption					(216,000)								(225,000)	$ (9,000)
Preferred share redemption, shares														(300,000)
Balance at Dec. 31, 2022		$ 288	$ 8		26,682,909	(4,856,721)	(26,655,980)				$ 4	(4,856,433)	736,293	$ 20,500	$ 704,396	(15,544)
Balance, shares at Dec. 31, 2022	115,000	2,875,000	78,353,333								46,089,886			683,333	18,826,385
Balance at Mar. 31, 2022		$ 288	$ 8		20,941,718	(7,133,410)	(20,812,955)				$ 4	(7,133,122)	766,071	$ 29,500	$ 704,396	(96,600)
Balance, shares at Mar. 31, 2022	115,000	2,875,000	78,353,333								43,732,190			983,333	18,826,385
Net loss						(501,501)	(921,891)	(401,997)	(99,504)			(501,501)	(921,891)
Stock option compensation					1,220,155								1,220,155
Sale of Non-Voting Common Stock for cash					485,118								485,118
Offering costs					(393,646)								(393,646)
Sale of Non-Voting Common Stock for cash, Shares											646,823
Balance at Jun. 30, 2022		$ 288	$ 8		22,253,345	(7,634,911)	(21,734,846)				$ 4	(7,634,623)	1,155,807	$ 29,500	$ 704,396	(96,600)
Balance, shares at Jun. 30, 2022	115,000	2,875,000	78,353,333								44,379,013			983,333	18,826,385
Balance at Dec. 31, 2022		$ 288	$ 8		26,682,909	(4,856,721)	(26,655,980)				$ 4	(4,856,433)	736,293	$ 20,500	$ 704,396	(15,544)
Balance, shares at Dec. 31, 2022	115,000	2,875,000	78,353,333								46,089,886			683,333	18,826,385
Accretion for Class A Ordinary Shares to redemption amount						(136,182)						(136,182)
Net loss						(615,245)	(2,719,522)					(615,245)	(2,719,522)
Stock option compensation					1,407,044								1,407,044
Sale of Non-Voting Common Stock for cash					1,598,630								1,512,260			(86,370)
Receipt of subscription receivable													76,435			76,435
Offering costs					(436,969)								(436,969)
Sale of Non-Voting Common Stock for cash, Shares											2,131,507
Share cancellation
Share cancellation, shares															(13,383)
Balance at Mar. 31, 2023		$ 288	$ 8		29,251,614	(5,608,148)	(29,375,502)				$ 4	(5,607,860)	575,541	$ 20,500	$ 704,396	(25,479)
Balance, shares at Mar. 31, 2023	115,000	2,875,000	78,353,333								48,221,393			683,333	18,813,002
Balance at Dec. 31, 2022		$ 288	$ 8		26,682,909	(4,856,721)	(26,655,980)				$ 4	(4,856,433)	736,293	$ 20,500	$ 704,396	(15,544)
Balance, shares at Dec. 31, 2022	115,000	2,875,000	78,353,333								46,089,886			683,333	18,826,385
Net loss								(119,355)	(263,561)			(382,916)	(5,168,226)
Balance at Jun. 30, 2023		$ 288	$ 8		30,599,657	(5,530,469)	(31,824,206)				$ 4	(5,530,181)	(525,120)	$ 20,500	$ 704,396	(25,479)
Balance, shares at Jun. 30, 2023	115,000	2,875,000	78,353,333								48,221,393			683,333	18,813,002
Balance at Mar. 31, 2023		$ 288	$ 8		29,251,614	(5,608,148)	(29,375,502)				$ 4	(5,607,860)	575,541	$ 20,500	$ 704,396	(25,479)
Balance, shares at Mar. 31, 2023	115,000	2,875,000	78,353,333								48,221,393			683,333	18,813,002
Net loss						232,329	(2,448,704)	$ 72,417	$ 159,912			232,329	(2,448,704)
Stock option compensation					1,348,043								1,348,043
Offering costs						(154,650)						(154,650)
Balance at Jun. 30, 2023		$ 288	$ 8		$ 30,599,657	$ (5,530,469)	$ (31,824,206)				$ 4	$ (5,530,181)	$ (525,120)	$ 20,500	$ 704,396	$ (25,479)
Balance, shares at Jun. 30, 2023	115,000	2,875,000	78,353,333								48,221,393			683,333	18,813,002

Condensed Statement of Cash Flo

Condensed Statement of Cash Flows (Unaudited) - USD ($)	6 Months Ended		9 Months Ended	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (382,916)	$ 2,863,201	$ (3,541,872)	$ 7,175,980
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Change in fair value of warrant liabilities	205,837	(2,992,573)	3,456,800	(6,699,398)
Income earned on marketable securities held in Trust Account	(290,832)			(959,589)
Changes in operating assets and liabilities:
Accrued interest receivable			(81)
Prepaid expenses and other receivables				(3,512)
Accrued interest, prepaid expenses and other receivables	(32,911)	(62,200)
Due to affiliates	(3,861)		45,833	3,861
Accrued expenses	312,844	(3,856)	18,000	79,981
Net cash used in operating activities	(191,839)	(195,428)	(21,320)	(402,677)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from liquidation of marketable securities held in Trust Account				105,424,960
Investment in Trust Account			(116,725,000)	(575,000)
Net cash provided by (used in) investing activities			(116,725,000)	104,849,960
CASH FLOWS FROM FINANCING ACTIVITIES:
Redemption of 10,313,048 Class A Ordinary Shares				(105,424,960)
Proceeds - notes payable				575,000
Proceeds from issuance of Class B ordinary shares			25,000
Proceeds from issuance of private placement warrants			5,760,000
Proceeds from issuance of units (net of offering costs)			111,575,715
Net cash provided by financing activities			117,360,715	(104,849,960)
Increase (decrease) in cash and cash equivalents	(191,839)	(195,428)	614,395	(402,677)
Cash and cash equivalents, beginning of period	211,718	614,395		614,395
Cash and cash equivalents, end of period	19,879	418,967	614,395	211,718	$ 614,395
Non cash investing and financing activities:
Deferred underwriting commissions in connection with the initial public offering			4,025,000
Derivative warrant liabilities issued in connection with the initial public offering			3,612,500
Accretion for Class A ordinary shares to redemption amount	290,832		15,497,662	1,534,589
Jet Token, Inc. [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	(5,168,226)	(2,817,069)		(7,738,203)	(15,765,249)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Amortization and depreciation	67,192	67,192		134,383	133,608
Amortization of lease financing costs					1,175
Gain on loan forgiveness					(207,360)
Stock-based compensation	2,755,087	2,371,247		6,492,653	12,690,373
Non-cash operating lease costs	252,686	245,435		494,468
Changes in operating assets and liabilities:
Accounts receivable					400
Other current assets	171,876	(707,949)		(278,313)	(28,980)
Accounts payable	254,773	47,001		(53,268)	15,643
Accrued liabilities	(173,160)	(44,313)		835,576	111,480
Deferred revenue	166,182	946,882		497,030	436,331
Lease liability	(245,636)	(238,385)		(480,368)
Net cash used in operating activities	(1,919,226)	(129,959)		(96,042)	(2,612,579)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(4,340)				(8,407)
Purchase of intangible assets	(17,174)				(97,978)
Investment in joint venture	(100,000)
Return of aircraft deposit				1,093,600
Deposits and other assets	(135)	(89,418)		(803,112)	(439,750)
Net cash provided by (used in) investing activities	(121,649)	(89,418)		290,488	(546,135)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds - related party advances		42,000		42,000	200,196
Repayments - related party advances		(242,196)		(242,196)
Proceeds - notes payable					86,360
Payments on line of credit		(194,727)		(194,727)	(257,308)
Offering costs	(436,969)	(944,956)		(1,691,386)	(1,221,552)
Payment of lease financing costs					(70,500)
Preferred share redemption				(225,000)
Proceeds from sale of Non-Voting Common Stock	1,588,695	1,649,116		3,000,760	2,843,790
Net cash provided by financing activities	1,151,726	309,237		689,451	1,580,986
Increase (decrease) in cash and cash equivalents	(889,149)	89,860		883,897	(1,577,728)
Cash and cash equivalents, beginning of period	1,527,391	643,494		643,494	2,221,222
Cash and cash equivalents, end of period	638,242	733,354	$ 643,494	1,527,391	643,494
Supplemental disclosures of cash flow information:
Cash paid for interest
Cash paid for income taxes		800		2,400
Non cash investing and financing activities:
Subscription receivable from sale of Non-Voting Common Stock	$ 25,479	$ 2,506,711		15,544	96,600
Line of credit issued for offering expenses paid on behalf of the Company					452,035
Application of equipment deposit to aircraft maintenance reserve account					250,000
Operating lease, Right-of-use assets and liabilities				$ 2,506,711

Condensed Statement of Cash F_2

Condensed Statement of Cash Flows (Unaudited) (Parenthetical)	12 Months Ended
	Dec. 31, 2022 shares
Statement of Cash Flows [Abstract]
Redemption of Class A Ordinary Shares	10,313,048

Description of Organization and

Description of Organization and Business Operations	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Description of Organization and Business Operations	Note 1— Description of Organization and Business Operations Oxbridge Acquisition Corp. (the “Company”) was incorporated as a Cayman Islands exempted company on April 12, 2021. The Company was incorporated for the purpose of effecting a merger, capital stock or share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company is an emerging growth company and, as such, the Company is subject to all of the risks associated with emerging growth companies. As of June 30, 2023, the Company had not commenced any operations. All activity for the period from April 12, 2021 (inception) through June 30, 2023 relates to the Company’s formation and the initial public offering (the “Initial Public Offering” or “IPO”) described below, and subsequent to the Initial Public Offering, identifying a target company for a Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company may generate non-operating income in the form of interest and dividend income on marketable securities from the proceeds derived from the Initial Public Offering (as defined below). The Company has selected December 31 as its fiscal year end. The Company’s sponsor is OAC Sponsor Ltd., a Cayman Islands exempted company (the “Sponsor”). The registration statement for the Company’s Initial Public Offering was declared effective on August 11, 2021. On August 16, 2021, the Company consummated its IPO of 10,000,000 10.00 100,000,000 6,624,000 3,500,000 1,500,000 15,000,000 825,000 525,000 Simultaneously with the closing of the IPO, the Company consummated the sale of 5,760,000 1.00 5,760,000 11.50 Upon the closing of the Initial Public Offering, the Over-Allotment and the Private Placement, $ 116,725,000 10.15 On November 9, 2022, the Company held an extraordinary general meeting (the “EGM”) of shareholders. At the EGM, the Company’s shareholders were presented the proposals to extend the date by which the Company must consummate a business combination (the “Termination Date”) from November 16, 2022 to August 16, 2023 (or such earlier date as determined by the Board of Directors) by amending the Company’s Amended and Restated Memorandum and Articles of Association (the “Extension Amendment Proposal”). The Extension Amendment Proposal to amend the Company’s Amended and Restated Memorandum and Articles of Association (“Charter Amendment”) was approved. The Company filed the Charter Amendment with the Cayman Islands Registrar of Companies on November 11, 2022. In connection with the vote to approve the Extension Amendment Proposal, the holders of 10,313,048 10.22 105,424,960 The Sponsor agreed to contribute to us a loan of $ 575,000 575,000 At June 30, 2023, approximately $ 13.13 1,186,952 11.06 The Company’s management had broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of Private Placement Warrants, although substantially all of the net proceeds were intended to be applied generally toward consummating a Business Combination. There was no assurance that the Company would have been able to complete a Business Combination successfully. The Company would have had to complete one or more initial Business Combinations having an aggregate fair market value of at least 80% of the net assets held in the Trust Account (as defined below) (excluding the amount of deferred underwriting commissions and taxes payable on the interest earned on the Trust Account) at the time of the signing of the agreement to enter into the initial Business Combination. However, the Company would have only completed a Business Combination if the post-transaction company owned or acquired 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited) Note 1—Description of Organization and Business Operations (continued) The Company provided the holders (the “Public Shareholders”) of its Public Shares, with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a shareholder meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company would seek shareholder approval of a Business Combination or conduct a tender offer was made by the Company, solely in its discretion. The Public Shareholders were entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account. The per-share amount distributed to Public Shareholders who redeemed their Public Shares was not reduced by the deferred underwriting commissions the Company was obligated to pay to the underwriter. These Public Shares have been classified as temporary equity upon the completion of the Initial Public Offering in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” In such case, the Company proceeded with a Business Combination as the Company has net tangible assets of at least $ 5,000,001 Notwithstanding the foregoing, the Amended and Restated Memorandum and Articles of Association provided that a Public Shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), would have been restricted from redeeming its shares with respect to more than an aggregate of 15% or more of the Class A ordinary shares sold in the Initial Public Offering, without the prior consent of the Company. The Company’s Sponsor (the “Initial Shareholder”) officers and directors had agreed not to propose an amendment to Amended and Restated Memorandum and Articles of Association (A) that would modify the substance or timing of the Company’s obligation to allow redemption in connection with our initial business combination or to redeem 100 OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited) Note 1—Description of Organization and Business Operations (continued) The Initial Shareholder, officers and directors had agreed to waive their liquidation rights with respect to the Founder Shares if the Company failed to complete a Business Combination within the Combination Period. However, if the Initial Shareholder or members of the Company’s management team acquired Public Shares in or after the Initial Public Offering, they would have been entitled to liquidating distributions from the Trust Account with respect to such Public Shares if the Company failed to complete a Business Combination within the Combination Period. Maxim had agreed to waive their rights to its deferred underwriting commission held in the Trust Account in the event the Company does not complete a Business Combination within the Combination Period and, in such event, such amounts would have been included with the other funds held in the Trust Account that would have been available to fund the redemption of the Public Shares. In order to protect the amounts held in the Trust Account, the Sponsor had agreed to be liable to the Company if and to the extent any claims by a vendor (other than the Company’s independent registered public accounting firm) for services rendered or products sold to the Company, or a prospective target business with which the Company had discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account. This liability did not apply with respect to any claims by a third party who executed a waiver of any right, title, interest or claim of any kind in or to any monies held in the Trust Account or to any claims under the Company’s indemnity of the underwriter of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). Moreover, in the event that an executed waiver was deemed to be unenforceable against a third party, the Sponsor would not have been responsible to the extent of any liability for such third-party claims. The Company sought to reduce the possibility that the Sponsor would have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers (except for the Company’s independent registered public accounting firm), prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account. Business Combination with Jet Token Inc. On February 24, 2023, Oxbridge Acquisition Corp. (“Oxbridge” or the “Acquiror”), entered into a Business Combination Agreement and Plan of Reorganization, as amended by Amendment No. 1 to the Business Combination Agreement, dated as of May 11, 2023 (the “Business Combination Agreement”) with OXAC Merger Sub I, Inc., a Delaware corporation and a direct wholly owned subsidiary of Oxbridge (“First Merger Sub”), Summerlin Aviation LLC (f/k/a OXAC Merger Sub II, LLC), a Delaware limited liability company and a direct wholly owned subsidiary of Oxbridge (“Second Merger Sub”), and Jet Token, Inc., a Delaware corporation (“Jet Token”), pursuant to which the Company would redomicile as a Delaware corporation and immediately be renamed Jet.AI (the “Domestication”), and promptly following the Domestication, (a) First Merger Sub would merge with and into Jet Token (the “First Merger”), with Jet Token surviving the merger as a wholly owned subsidiary of Jet.AI (the time at which the First Merger becomes effective, the “Effective Time”), and (b) as soon as practicable, but in any event within three days following the Effective Time and as part of the same overall transaction as the First Merger, Jet Token (as the surviving entity of the First Merger) would merge with and into Second Merger Sub (the “Second Merger” and, together with the First Merger and all other transactions contemplated by the Business Combination Agreement, the “Business Combination”), with Second Merger Sub surviving the merger as a wholly owned subsidiary of Jet.AI. On March 27, 2023, the Company filed a registration statement on Form S-4 (File No. 333-270848) (the “Form S-4”, as amended on May 11, 2023, June 6, 2023, June 22, 2023, July 7, 2023, July 18, 2023 and July 26, 2023) with the SEC, which includes the proxy statement/prospectus/information statement distributed to holders of the Company’s ordinary shares in connection with the Company’s solicitation for proxies for the vote by the Company’s shareholders in connection with the Jet Token Business Combination and other matters as described in the Form S-4. The Form S-4 was declared effective by the SEC on July 28, 2023, and the definitive proxy statement/prospectus/information statement was mailed to the Company’s shareholders of record on the record date for voting on the Jet Token Business Combination. The Jet Token Business Combination closed on August 10, 2023. Upon consummation of the Jet Token Business Combination, and after the Domestication, the Company has one class of common stock, par value $ 0.0001 The Business Combination was accounted for as a reverse recapitalization in accordance with GAAP, whereby the Company is treated as the acquired company and Jet Token is treated as the acquirer. Accordingly, for accounting purposes, the Business Combination was treated as the equivalent of Jet Token issuing stock for the net assets of the Company, accompanied by a recapitalization. The net assets of the Company were stated at historical cost, with no goodwill or other intangible assets recorded. Subsequent presentations of the results of operations presented for the period prior to the Business Combination will be for those of Jet Token. Jet Token has been determined to be the accounting acquirer in the Business Combination based on the following predominate factors: ● Jet Token’s existing stockholders have the greatest voting interest in the combined entity; ● Jet Token has the ability to nominate a majority of the initial members of the Jet Token Board; ● Jet Token’s senior management is the senior management of the combined entity ● Jet Token is the larger entity based on historical operating activity and has the larger employee base; and ● The post-combination company has assumed a Jet Token branded name: “Jet.AI Inc.” OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited) Note 1—Description of Organization and Business Operations (continued) On August 10, 2023 (the “Closing Date”), Jet.AI Inc., a Delaware corporation (f/k/a Oxbridge Acquisition Corp.) (the “Company” or “Jet.AI”), consummated the previously announced Business Combination transaction pursuant to that certain Business Combination Agreement and Plan of Reorganization as described above. Additionally on August 10, 2023, the Company filed a notice of deregistration with the Cayman Islands Registrar of Companies, together with the necessary accompanying documents, and filed a certificate of incorporation and a certificate of corporate domestication with the Secretary of State of the State of Delaware, under which the Company was domesticated and continues as a Delaware corporation (the “Domestication”). On August 10, 2023, as a result of the Business Combination and the other transactions contemplated by the Business Combination Agreement, following the consummation of the Domestication (a) First Merger Sub merged with and into Jet Token, with Jet Token surviving the merger as a wholly owned subsidiary of the Company (the “First Merger”) and (b) after the effectiveness of the First Merger, Jet Token merged with and into Second Merger Sub, with Second Merger Sub surviving the merger as a wholly owned subsidiary of the Company (the “Second Merger”). Following the closing of the Business Combination, the Company owns, directly or indirectly, all of the issued and outstanding equity interests in the Second Merger Sub and its subsidiaries, and the stockholders of Jet Token as of immediately prior to the effective time of the First Merger (the “Jet Token Stockholders”) hold a portion of the Company’s common stock, par value $ 0.0001 As a result of and upon the effective time of the Domestication: (a) each then issued and outstanding Class A Ordinary Share of Oxbridge was converted automatically, on a one-for-one basis, into a share of Jet.AI Common Stock; (b) each then issued and outstanding Class B Ordinary Share of Oxbridge was converted automatically, on a one-for-one basis, into a share of Jet.AI Common Stock; (c) each then issued and outstanding Oxbridge Warrant was converted automatically into a warrant to purchase one share of Jet.AI Common Stock pursuant to the Warrant Agreement (“Jet.AI Warrant”); and (d) each then issued and outstanding Oxbridge Unit was converted automatically into a Jet.AI Unit, each consisting of one share of Jet.AI Common Stock and one Jet.AI Warrant. At the effective time of the Business Combination (the “Effective Time”), (i) each outstanding share of Jet Token Common Stock, including each share of Jet Token Preferred Stock that was converted into shares of Jet Token Common Stock immediately prior to the Effective Time, was cancelled and automatically converted into the right to receive (x) the number of shares of Jet.AI Common Stock equal to the Stock Exchange Ratio of 0.03094529 0.04924242 Forward Purchase Agreement On August 6, 2023, Oxbridge entered into an agreement with (i) Meteora Capital Partners, LP (“MCP”), (ii) Meteora Select Trading Opportunities Master, LP (“MSTO”), and (iii) Meteora Strategic Capital, LLC (“MSC” and, collectively with MCP and MSTO, “Seller”) (the “Forward Purchase Agreement”) for OTC Equity Prepaid Forward Transactions. For purposes of the Forward Purchase Agreement, Oxbridge is referred to as the “Counterparty” prior to the consummation of the Business Combination, while Jet.AI is referred to as the “Counterparty” after the consummation of the Business Combination. Capitalized terms used herein but not otherwise defined shall have the meanings ascribed to such terms in the Forward Purchase Agreement. Pursuant to the terms of the Forward Purchase Agreement, the Seller intended, but was not obligated, to purchase up to 1,186,952 0.0001 9.9 9.9 OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited) Note 1—Description of Organization and Business Operations (continued) The Forward Purchase Agreement provided for a prepayment shortfall in an amount in U.S. dollars equal to $ 1,250,000 6.00 100 100 The Forward Purchase Agreement provided that the Seller would be paid directly an aggregate cash amount (the “Prepayment Amount”) equal to (x) the product of (i) the number of shares as set forth in a Pricing Date Notice and (ii) the redemption price per share as defined in Article 49.5 of Oxbridge’s Amended and Restated Memorandum and Articles of Association, effective as of August 11, 2021, as amended from time to time (the “Initial Price”), less (y) the Prepayment Shortfall. OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited) Note 1—Description of Organization and Business Operations (continued) The Seller has agreed to waive any redemption rights with respect to any Recycled Shares in connection with the Business Combination, as well as any redemption rights under Oxbridge’s Amended and Restated Memorandum and Articles of Association that would require redemption by Oxbridge. Such waiver may reduce the number of Oxbridge Shares redeemed in connection with the Business Combination, and such reduction could alter the perception of the potential strength of the Business Combination. The Forward Purchase Agreement has been structured, and all activity in connection with such agreement has been undertaken, to comply with the requirements of all tender offer regulations applicable to the Business Combination, including Rule 14e-5 under the Securities Exchange Act of 1934. FPA Funding Amount PIPE Subscription Agreements On August 6, 2023, Oxbridge entered into a subscription agreement (the “FPA Funding Amount PIPE Subscription Agreement” ) Pursuant to the FPA Funding PIPE Subscription Agreement, Seller agreed to subscribe for and purchase, and Oxbridge agreed to issue and sell to Seller, on the Closing Date, an aggregate of up to 1,186,952 Maxim Settlement Agreement On August 10, 2023, the Company entered into a settlement agreement (“Maxim Settlement Agreement”) with Maxim Group LLC, the underwriter for the Company’s initial public offering (“Maxim”). Pursuant to the Maxim Settlement Agreement, the Company issued 270,000 1,127 1,127,000 Sponsor Settlement Agreement On August 10, 2023, the Company entered into a settlement agreement (“Sponsor Settlement Agreement”) with Sponsor. Pursuant to the Sponsor Settlement Agreement, the Company issued 575 shares of the Company’s Series A-1 Convertible Preferred Stock (the “Series A-1 Preferred Shares”) to settle the payment obligations of the Company under a promissory note in the principal amount of $ 575,000 dated November 14, 2022 in favor of Sponsor. The shares of Jet.AI Common Stock issuable upon conversion of the Series A-1 Preferred Shares are subject to a Registration Rights Agreement between the Company and Sponsor. Liquidity and Capital Resources As of June 30, 2023 the Company had cash of approximately $ 20,000 354,000 OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited)	Note 1— Description of Organization and Business Operations Oxbridge Acquisition Corp. (the “Company”) was incorporated as a Cayman Islands exempted company on April 12, 2021. The Company was incorporated for the purpose of effecting a merger, capital stock or share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company is an emerging growth company and, as such, the Company is subject to all of the risks associated with emerging growth companies. As of December 31, 2022, the Company had not commenced any operations. All activity for the period from April 12, 2021 (inception) through December 31, 2022 relates to the Company’s formation and the initial public offering (the “Initial Public Offering” or “IPO”) described below, and subsequent to the Initial Public Offering, identifying a target company for a Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company may generate non-operating income in the form of interest income on marketable securities from the proceeds derived from the Initial Public Offering (as defined below). The Company has selected December 31 as its fiscal year end. The Company’s sponsor is OAC Sponsor Ltd., a Cayman Islands exempted company (the “Sponsor”). The registration statement for the Company’s Initial Public Offering was declared effective on August 11, 2021. On August 16, 2021, the Company consummated its IPO of 10,000,000 10.00 100,000,000 6,624,000 3,500,000 1,500,000 15,000,000 825,000 525,000 Simultaneously with the closing of the IPO, the Company consummated the sale of 5,760,000 warrants to the Sponsor and Maxim Group, LLC (“Maxim”), the underwriter in our Initial Public Offering (the “Private Placement Warrants”), at a price of $ 1.00 per Private Placement Warrant, generating gross proceeds of $ 5,760,000 , which is discussed in Note 4. Each Private Placement Warrant is exercisable to purchase one Class A ordinary share at $ 11.50 per share. Upon the closing of the Initial Public Offering, the Over-Allotment and the Private Placement, $ 116,725,000 10.15 The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of Private Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. The Company must complete one or more initial Business Combinations having an aggregate fair market value of at least 80% of the net assets held in the Trust Account (as defined below) (excluding the amount of deferred underwriting commissions and taxes payable on the interest earned on the Trust Account) at the time of the signing of the agreement to enter into the initial Business Combination. However, the Company will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). OXBRIDGE ACQUISITION CORP. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022 Note 1—Description of Organization and Business Operations (continued) The Company will provide the holders (the “Public Shareholders”) of its Public Shares, with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a shareholder meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The Public Shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (anticipated to be approximately $ 11.07 per Public Share). The per-share amount to be distributed to Public Shareholders who redeem their Public Shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriter. These Public Shares have been classified as temporary equity upon the completion of the Initial Public Offering in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” In such case, the Company will proceed with a Business Combination if the Company has net tangible assets of at least $ 5,000,001 and the approval of an ordinary resolution, being the affirmative vote of a majority of the ordinary shares represented in person or by proxy and entitled to vote thereon and who vote at a general meeting in favor of the business combination. If a shareholder vote is not required by law and the Company does not decide to hold a shareholder vote for business or other legal reasons, the Company will, pursuant to its Amended and Restated Memorandum and Articles of Association, as amended (the “Amended and Restated Memorandum and Articles of Association”), conduct the redemptions pursuant to the tender offer rules of the U.S. Securities and Exchange Commission (“SEC”) and file tender offer documents with the SEC prior to completing a Business Combination. If, however, shareholder approval of the transactions is required by law, or the Company decides to obtain shareholder approval for business or legal reasons, the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. Additionally, each Public Shareholder may elect to redeem their Public Shares irrespective of whether they vote for or against the proposed transaction. If the Company seeks shareholder approval in connection with a Business Combination, the Initial Shareholder (as defined below) have agreed to vote their Founder Shares (as defined below in Note 4) and any Public Shares purchased during or after the Initial Public Offering in favor of a Business Combination. In addition, the Initial Shareholder have agreed to waive their redemption rights with respect to their Founder Shares and Public Shares in connection with the completion of a Business Combination. Notwithstanding the foregoing, the Amended and Restated Memorandum and Articles of Association provides that a Public Shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), will be restricted from redeeming its shares with respect to more than an aggregate of 15% or more of the Class A ordinary shares sold in the Initial Public Offering, without the prior consent of the Company. The Company’s Sponsor (the “Initial Shareholder”) officers and directors have agreed not to propose an amendment to Amended and Restated Memorandum and Articles of Association (A) that would modify the substance or timing of the Company’s obligation to allow redemption in connection with our initial business combination or to redeem 100% of its Public Shares if the Company does not complete a Business Combination by August 16, 2023, as described in more detail in the prospectus for the IPO) (the “Combination Period”) or (B) with respect to any other provision relating to shareholders’ rights or pre-initial Business Combination activity, unless the Company provides the Public Shareholders with the opportunity to redeem their Class A ordinary shares in conjunction with any such amendment. OXBRIDGE ACQUISITION CORP. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022 Note 1—Description of Organization and Business Operations (continued) If the Company is unable to complete a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up; (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of taxes payable and up to $ 100,000 The Initial Shareholder, officers and directors have agreed to waive their liquidation rights with respect to the Founder Shares if the Company fails to complete a Business Combination within the Combination Period. However, if the Initial Shareholder or members of the Company’s management team acquire Public Shares in or after the Initial Public Offering, they will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares if the Company fails to complete a Business Combination within the Combination Period. Maxim has agreed to waive their rights to its deferred underwriting commission held in the Trust Account in the event the Company does not complete a Business Combination within in the Combination Period and, in such event, such amounts will be included with the other funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of such distribution, it is possible that the per share value of the residual assets remaining available for distribution (including Trust Account assets) will be approximately $ 11.07 per share initially held in the Trust Account. In order to protect the amounts held in the Trust Account, the Sponsor has agreed to be liable to the Company if and to the extent any claims by a vendor (other than the Company’s independent registered public accounting firm) for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account. This liability will not apply with respect to any claims by a third party who executed a waiver of any right, title, interest or claim of any kind in or to any monies held in the Trust Account or to any claims under the Company’s indemnity of the underwriter of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers (except for the Company’s independent registered public accounting firm), prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account. Liquidity and Capital Resources As of December 31, 2022 the Company had cash of approximately $ 212,000 110,000 OXBRIDGE ACQUISITION CORP. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022
Jet Token, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
Description of Organization and Business Operations	NOTE 1 – ORGANIZATION AND NATURE OF OPERATIONS Description of Organization and Business Operations Jet Token Inc. was formed on June 4, 2018 (“Inception”) in the State of Delaware. The consolidated financial statements of Jet Token Inc. (the “Company” or “Jet Token”) are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company is headquartered in Las Vegas, Nevada. In September 2020, the Company formed a wholly-owned subsidiary Galilee LLC, a Delaware limited liability company. In November 2020, the Company formed a wholly-owned subsidiary Jet Token Management Inc., a Delaware corporation, and later changed its name to Jet Token Software Inc. In November 2020, the Company formed another wholly-owned subsidiary, Jet Token Management Inc. a California corporation. In June 2021, the Company formed a wholly-owned subsidiary Galilee 1 SPV LLC, a Delaware limited liability company. In March and June 2022, the Company formed two wholly owned subsidiaries, Galilee II SPV LLC and Galilee III SPV LLC, respectively. Both are Delaware limited liability companies. These were both sold during the year as part of the Company’s fractional ownership program. To date, all subsidiaries have had no operations.	NOTE 1 – ORGANIZATION AND NATURE OF OPERATIONS Description of Organization and Business Operations Jet Token Inc. was formed on June 4, 2018 (“Inception”) in the State of Delaware. The consolidated financial statements of Jet Token Inc. (the “Company” or “Jet Token”) are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company is headquartered in Las Vegas, Nevada. In September 2020, the Company formed a wholly-owned subsidiary Galilee LLC, a Delaware limited liability company. In November 2020, the Company formed a wholly-owned subsidiary Jet Token Management Inc., a Delaware corporation, and later changed its name to Jet Token Software Inc. In November 2020, the Company formed another wholly-owned subsidiary, Jet Token Management Inc. a California corporation. In June 2021, the Company formed a wholly-owned subsidiary Galilee 1 SPV LLC, a Delaware limited liability company. In March and June 2022, the Company formed two wholly owned subsidiaries, Galilee II SPV LLC and Galilee III SPV LLC, respectively. Both are Delaware limited liability companies. These were both sold during the year as part of the Company’s fractional ownership program. To date, all subsidiaries have had no operations. The Company intends to combine concepts from fractional jet and jet card programs with lessons learned from building blockchain currencies. The Company believes the tokenization of flight hours under (as the enterprise matures) fractional jet and jet card programs offers the possibility of reduced transaction costs and, through the evolution of a marketplace, higher industry fleet utilization. The Company’s purposeful enhancement of price discovery and reduced entry price have the potential to produce fairer and more inclusive results for aircraft owners and travelers alike.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Summary of Significant Accounting Policies	Note 2— Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented. The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s Form S-1 which contains the initial audited financial statements and notes thereto for the period from April 12, 2021 (inception) to April 16, 2021 as filed with the SEC on July 19, 2021, the Form 10-K’s as filed with the SEC on March 30, 2022 and February 22, 2023, and the Form S-4 filed on July 26, 2023. The interim results for the three and six-month period ended June 30, 2023 are not necessarily indicative of the results to be expected for the year ending December 31, 2023 or for any future interim periods. Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited) Note 2—Summary of Significant Accounting Policies (continued) Further, Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”) exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statement with another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Use of Estimates The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement and the reported amounts of expenses during the reporting period. Making estimates requires management to exercise significant judgement. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates. Material estimate that is particularly susceptible to significant change in the near-term relate to the fair value of the derivative warrant liabilities. Although considerable variability is likely to be inherent in this estimate, management believes that the amounts provided are reasonable. This estimate is continually reviewed and adjusted if necessary. Such adjustment is reflected in current operations. Cash and cash equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. As of June 30, 2023, the Company had approximately $ 20,000 Marketable Securities Held in Trust Account At June 30, 2023, substantially all of the assets held in the Trust Account were held in money market funds which are invested primarily in U.S. Treasury securities. All of the Company’s investments held in the Trust Account are classified as trading securities. Trading securities are presented on the condensed balance sheets at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of investments held in Trust Account as well as interest and dividends are included in income earned on marketable securities held in Trust Account in the accompanying condensed statements of operations. The estimated fair values of investments held in Trust Account are determined using available market information. OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited) Note 2—Summary of Significant Accounting Policies (continued) Concentration of Credit Risk Financial instruments that subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which exceeds the Federal Depository Insurance Corporation coverage of $ 250,000 Offering Costs The Company accounts for offering costs in accordance with the requirements of ASC 340-10-S99-1. Offering costs consist of legal, accounting, underwriting fees and other costs that are directly related to the IPO. Offering costs associated with warrant liabilities are expensed, and offering costs associated with the Class A ordinary shares are recorded to shareholders’ deficit as a reduction of cash proceeds. Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under the FASB ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the balance sheet due to their short-term nature. Fair value measurements Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement. The following is a description of the valuation methodologies used for assets and liabilities measured at fair value: Money Market Funds Valued at the daily closing price as reported by the fund. Money market funds held by the Company are open-end funds that are registered with the Securities and Exchange Commission. These funds are required to publish their daily net asset value (“NAV”) and to transact at the price. The funds are deemed to be actively traded. OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited) Note 2—Summary of Significant Accounting Policies (continued) Derivative Warrant Liabilities The fair value of the Private Placement Warrants is based on the Black Scholes option pricing model utilizing various assumptions based on management’s judgment. Significant deviations from management’s estimates and inputs could result in a material change in fair value. As such, the fair value of the Private Placement Warrants is classified as Level 3. The fair value of the Public Warrants is classified as Level 1 due to the use of an observable market price in an active market. There have been no changes in the methodologies used at June 30, 2023 or December 31, 2022. See Note 7 for additional information on assets and liabilities measured at fair value. Derivative financial instruments The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including issued stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to ASC 480 and ASC 815, “Derivatives and Hedging” (“ASC 815”). The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, will be re-assessed at the end of each reporting period. Derivative warrant liabilities will be classified as non-current liabilities as their liquidation is not reasonably expected to require the use of current assets or require the creation of current liabilities. The 17,260,000 11,500,000 5,760,000 Class A Ordinary Shares Subject to Possible Redemption As of June 30, 2023, there were 1,301,952 1,186,952 OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited) Note 2—Summary of Significant Accounting Policies (continued) Earnings (loss) Per Ordinary Share The Company complies with accounting and disclosure requirements of FASB ASC 260, “Earnings Per Share”. Earnings (loss) per ordinary share is computed by dividing earnings (loss) by the weighted average number of ordinary shares outstanding during the period. The Company has two classes of ordinary shares, Class A ordinary shares and Class B ordinary shares. Income and losses are shared pro rata between the two classes of shares. This presentation contemplates a Business Combination as the most likely outcome, in which case, both classes of shares share pro rata in the income/loss of the Company. Accretion associated with the redeemable shares of Class A ordinary shares is excluded from earnings per share as the redemption value approximates fair value. At June 30, 2023 and 2022, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings (loss) of the Company. As a result of the net loss for the six months ending June 30, 2023 and the three months ending June 30, 2022, any potentially dilutive securities would be considered anti-dilutive. As a result, diluted loss per share is the same as basic loss per share for these periods. As a result of the exercise price exceeding the average market price of the Company’s ordinary shares during the three month period ended June 30, 2023 and the six-month period ended June 30, 2022, diluted earnings per share is the same as basic earnings per share for these periods. The following table reflects the calculation of basic and diluted net earnings (loss) per share (in dollars, except per share amounts): Schedule of Basic and Diluted Net Loss Per Share Class A Class B Class A Class B Class A Class B Class A Class B For Three Months Ended For Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Class A Class B Class A Class B Class A Class B Class A Class B Basic and diluted earnings (loss) per ordinary share Numerator: Allocation of net earnings (loss) $ 72,417 $ 159,912 (401,997 ) $ (99,504 ) $ (119,355 ) $ (263,561 ) $ 2,295,106 $ 568,095 Denominator: Basic and diluted weighted average shares outstanding 1,301,952 2,875,000 11,615,000 2,875,000 1,301,952 2,875,000 11,615,000 2,875,000 Basic and diluted net earnings (loss) $ 0.056 $ 0.056 (0.035 ) $ (0.035 ) (0.092 ) $ (0.092 ) $ 0.198 $ 0.198 OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited) Note 2—Summary of Significant Accounting Policies (continued) Income Taxes The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company’s management determined that the Cayman Islands is the Company’s major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of June 30, 2023, there were no unrecognized tax benefits and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. The Company is considered to be an exempted Cayman Islands company with no connection to any other taxable jurisdiction and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company’s tax provision was zero for the period presented. Recent Accounting Pronouncements Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements.	Note 2— Summary of Significant Accounting Policies Basis of Presentation The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for financial information and in accordance with the instructions to Form 10-K and Article 8 of Regulation S-X of the SEC. Going Concern In connection with the Company’s assessment of going concern considerations in accordance GAAP, management has determined that if the Company is unable to raise additional funds to alleviate liquidity needs as well as complete a Business Combination by August 16, 2023, then the Company will cease all operations except for the purpose of liquidating. The liquidity condition and date for mandatory liquidation and subsequent dissolution raise substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after August 16, 2023. Management’s plans to address this need for capital through potential loans from certain of our affiliates. However, our affiliates are not obligated to make loans to us in the future, and we may not be able to raise additional financing from unaffiliated parties necessary to fund our expenses. Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”) exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statement with another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. OXBRIDGE ACQUISITION CORP. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022 Note 2—Summary of Significant Accounting Policies (continued) Use of Estimates The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement and the reported amounts of expenses during the reporting period. Making estimates requires management to exercise significant judgement. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates. A material estimate that is particularly susceptible to significant change in the near-term relates to the fair value of the derivative warrant liabilities. Although considerable variability is likely to be inherent in this estimate, management believes that the amounts provided are reasonable. This estimate is continually reviewed and adjusted if necessary. Such adjustment is reflected in current operations. Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. As of December 31, 2022, the Company had approximately $ 212,000 Marketable Securities Held in Trust Account At December 31, 2022, substantially all of the assets held in the Trust Account were held in money market funds which are invested primarily in U.S. Treasury securities. All of the Company’s investments held in the Trust Account are classified as trading securities. Trading securities are presented on the balance sheets at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of investments held in Trust Account are included in interest earned on marketable securities held in Trust Account in the accompanying statements of operations. The estimated fair values of investments held in Trust Account are determined using available market information. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Company coverage of $ 250,000 Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under the FASB ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the balance sheet due to their short-term nature. Fair Value Measurements Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable OXBRIDGE ACQUISITION CORP. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022 Note 2—Summary of Significant Accounting Policies (continued) In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement. Derivative financial instruments The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including issued stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to ASC 480 and ASC 815, “Derivatives and Hedging” (“ASC 815”). The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, will be re-assessed at the end of each reporting period. Derivative warrant liabilities will be classified as non-current liabilities as their liquidation is not reasonably expected to require the use of current assets or require the creation of current liabilities. The 17,260,000 11,500,000 5,760,000 Class A Ordinary Shares Subject to Possible Redemption As of December 31, 2022, there were 1,301,952 1,186,952 Earnings (Loss) Per Ordinary Share The Company complies with accounting and disclosure requirements of FASB ASC 260, “Earnings Per Share”. Earnings (Loss) per ordinary share is computed by dividing earnings (loss) by the weighted average number of ordinary shares outstanding during the period. The Company has two classes of ordinary shares, Class A ordinary shares and Class B ordinary shares. Income and losses are shared pro rata between the two classes of shares. This presentation contemplates a Business Combination as the most likely outcome, in which case, both classes of shares share pro rata in the income/loss of the Company. Accretion associated with the redeemable Class A ordinary shares is excluded from earnings per share as the redemption value approximates fair value. At December 31, 2022, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company due to the exercise price exceeding the average market price of the Company’s ordinary share during the year ended December 31, 2022. As a result, diluted earnings per share is the same as basic earnings per share for the year ended December 31, 2022. At December 31, 2021, due to net loss the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the loss of the Company. As a result, diluted loss per share is the same as basic loss per share for the period ended December 31, 2021. The following table reflects the calculation of basic and diluted net earnings (loss) per share (in dollars, except per share amounts): Schedule of Basic and Diluted Net Loss Per Share For the Year Ended December 31, 2022 For the Period from April 12, 2021 (Inception) Through December 31, 2021 (as restated) Class A Class B Class A Class B Basic and diluted earnings (loss) per ordinary share Numerator: Allocation of net earnings (loss) $ 5,605,148 $ 1,570,832 $ (2,839,120 ) $ (702,753 ) Denominator: Basic and diluted weighted average shares outstanding 10,258,764 2,875,000 11,615,000 2,875,000 Basic weighted average shares outstanding 10,258,764 2,875,000 11,615,000 2,875,000 Basic and diluted net earnings (loss) per ordinary share $ 0.546 $ 0.546 $ (0.244 ) $ (0.244 ) Basic net earnings (loss) per ordinary share $ 0.546 $ 0.546 $ (0.244 ) $ (0.244 ) OXBRIDGE ACQUISITION CORP. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022 Note 2—Summary of Significant Accounting Policies (continued) Income Taxes The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company’s management determined that the Cayman Islands is the Company’s major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of December 31, 2022 and 2021, there were no unrecognized tax benefits and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. The Company is considered to be an exempted Cayman Islands company with no connection to any other taxable jurisdiction and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company’s tax provision was zero for the period presented. Recent Accounting Pronouncements Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements. Reclassifications Any reclassifications of prior year amounts have been made to conform to the current period presentation. OXBRIDGE ACQUISITION CORP. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022
Jet Token, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
Summary of Significant Accounting Policies	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Summary of Significant Accounting Policies Going Concern and Management Plans The Company has limited operating history and has incurred losses from operations since Inception. These matters raise concern about the Company’s ability to continue as a going concern. The Company began ramping up its revenue-generating activities during the second half of the year ended December 31, 2021 and continuing into 2022 and 2023. During the next twelve months, the Company intends to fund its operations with capital from its operations, prior and its most recent Regulation A campaign and prospectively, additional equity offerings. The Company also has the ability to reduce cash burn to preserve capital. There are no assurances, however, that management will be able to raise capital on terms acceptable to the Company. If the Company is unable to obtain sufficient amounts of additional capital, the Company may be required to reduce the near-term scope of its planned development and operations, which could delay implementation of the Company’s business Plan and harm its business, financial condition and operating results. The balance sheets do not include any adjustments that might result from these uncertainties. Basis of Presentation The accounting and reporting policies of the Company conform with generally accepted accounting principles in the United States (“GAAP”). Unaudited Interim Financial Statements Certain information and disclosures normally included in the annual consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these unaudited consolidated interim financial statements have been included. Such adjustments consist of normal recurring adjustments. The results of operations for the six months ended June 30, 2023 are not necessarily indicative of the results that may be expected for the full year. Principles of Consolidation The accompanying consolidated financial statements include the accounts of Jet Token Inc. and its wholly owned subsidiaries, Jet Token Software Inc., Jet Token Management Inc., Galilee LLC, Galilee 1 SPV LLC, Galilee II SPV LLC and Galilee III SPV LLC. All intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, and the reported amount of revenues and expenses during the reporting period. Actual results could materially differ from these estimates. It is reasonably possible that changes in estimates will occur in the near term. Fair Value of Financial Instruments Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants as of the measurement date. Applicable accounting guidance provides an established hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the factors that market participants would use in valuing the asset or liability. There are three levels of inputs that may be used to measure fair value: Level 1 - Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 - Include other inputs that are directly or indirectly observable in the marketplace. Level 3 - Unobservable inputs which are supported by little or no market activity. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company does not have any financial instruments as of June 30, 2023. Risks and Uncertainties The Company has a limited operating history and has only recently begun generating revenue from intended operations. The Company’s business and operations are sensitive to general business and economic conditions in the U.S. and worldwide along with local, state, and federal governmental policy decisions. A host of factors beyond the Company’s control could cause fluctuations in these conditions. Adverse conditions may include but are not limited to: changes in the airline industry, fuel and operating costs, changes to corporate governance best practices for executive flying, general demand for private jet travel, market acceptance of the Company’s business model and COVID-19 issues more fully described below. These adverse conditions could affect the Company’s financial condition and the results of its operations. On January 30, 2020, the World Health Organization declared the COVID-19 coronavirus outbreak a “Public Health Emergency of International Concern” and on March 10, 2020, declared it to be a pandemic. Actions taken around the world to help mitigate the spread of the coronavirus include restrictions on travel, and quarantines in certain areas, and forced closures for certain types of public places and businesses. The COVID-19 coronavirus and actions taken to mitigate it have had and are expected to continue to have an adverse impact on the economies and financial markets of many countries, including the geographical area in which the Company operates. While it is unknown how long these conditions will last and what the complete financial effect will be to the Company, it is known that the travel industry in which we operate has been severely impacted. The Company is monitoring the situation and exploring opportunities in regard to travel behavior for when travel restrictions ease. Cash and Cash Equivalents For purpose of the consolidated statement of cash flows, the Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents. Offering Costs The Company complies with the requirements of Financial Accounting Standards Board (“FASB”), Accounting Standards Codification (“ASC”) 340 with regards to offering costs. Prior to the completion of an offering, offering costs will be capitalized as deferred offering costs on the consolidated balance sheet. The deferred offering costs will be charged to stockholders’ equity upon the completion of an offering or to expense if the offering is not completed. Other Current Assets Other current assets include security deposits, which relate primarily to contractual prepayments to third-parties for future services, prepaid expenses and customer receivables for additional expenses incurred in their charter trips. Property and Equipment Property and equipment are recorded at cost, less accumulated depreciation. Expenditures for major additions and improvements are capitalized and minor replacements, maintenance, and repairs are charged to expense as incurred. When property and equipment are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is included in the results of operations for the respective period. Depreciation is provided over the estimated useful lives of the related assets using the straight-line method for financial statement purposes. As of June 30, 2023 and December 31, 2022, property and equipment consisted entirely of equipment which is being depreciated over a three-year Internal Use Software The Company incurs software development costs to develop software programs to be used solely to meet its internal needs and cloud-based applications used to deliver its services. In accordance with ASC 350-40, Internal-Use Software, the Company capitalizes development costs related to these software applications once a preliminary project stage is complete, funding has been committed, and it is probable that the project will be completed, and the software will be used to perform the function intended. As of June 30, 2023 and December 31, 2022, the Company has capitalized approximately $ 398,000 66,351 66,351 331,750 Investments in Joint Ventures In January 2023, the Company formed a 50/50 joint venture subsidiary with Great Western Air LLC dba Cirrus Aviation Services, 380 Software LLC, a Nevada limited liability company. Costs and profits are to be shared equally. The Company accounts for these investments using the equity method whereby the initial investment is recorded at cost and subsequently adjusted by the Company’s share of income or loss from the joint venture. The Company has made investments in the joint venture totaling $ 100,000 Leases The Company determines if an arrangement is a lease at inception on an individual contract basis. Operating leases are included in operating lease right-of-use assets, operating lease liabilities, current and operating lease liabilities, non-current on the consolidated balance sheets. Operating lease right-of-use assets represent the right to use an underlying asset for the lease term. Operating lease right-of-use assets are recognized at lease commencement date based on the present value of the future minimum lease payments over the lease term. The interest rate implicit in each lease was readily determinable to discount lease payments. The operating lease right-of-use assets include any lease payments made, including any variable amounts that are based on an index or rate, and exclude lease incentives. Lease terms may include options to extend or terminate the lease. Renewal option periods are included within the lease term and the associated payments are recognized in the measurement of the operating right-of-use asset when they are at the Company’s discretion and considered reasonably certain of being exercised. Lease expense for lease payments is recognized on a straight-line basis over the lease term. The Company has elected the practical expedient not to recognize leases with an initial term of 12 months or less on the Company’s consolidated balance sheets and lease expense is recognized on a straight-line basis over the term of the short-term lease. Impairment of Long-Lived Assets The Company follows ASC 360, Accounting for Impairment or Disposal of Long-Lived Assets. ASC 360 requires that if events or changes in circumstances indicate that the carrying value of long-lived assets or asset groups may be impaired, an evaluation of recoverability would be performed by comparing the estimated future undiscounted cash flows associated with the asset to the asset’s carrying value to determine if a write-down to market value would be required. Long-lived assets or asset groups that meet the criteria in ASC 360 as being held for sale are reflected at the lower of their carrying amount or fair market value, less costs to sell. Revenue Recognition In applying the guidance of ASC 606, the Company determines revenue recognition through the following steps: ● Identification of the contract, or contracts, with a customer; ● Identification of the performance obligations in the contract; ● Determination of the transaction price; ● Allocation of the transaction price to the performance obligations in the contract; and ● Recognition of revenue when, or as, a performance obligation is satisfied. Revenue is derived from a variety of sources including, but not limited to, (i) fractional/whole aircraft sales, (ii) fractional ownership and jet card programs, (iii) ad hoc charter through the Jet Token App and (iv) aircraft management. Under the fractional ownership program, a customer purchases an ownership share in a jet which guarantees the customer access to the jet for a preset number of hours per year. The fractional ownership program consists of a down payment, one or more progress payments, a payment on delivery, a Monthly Management Fee (MMF) and an Occupied Hourly Fee (OHF). The jet card program provides the customer with a preset number of hours of guaranteed private jet access over the agreement term (generally a year) without the larger hourly or capital commitment of purchasing an ownership share. The jet card program consists of a fixed hourly rate for flight hours typically paid 100% upfront. Revenue is recognized upon transfer of control of the Company’s promised services, which generally occurs upon the flight hours being used. Any unused hours for the fractional jet and jet card programs are forfeited at the end of the contract term and are thus immediately recognized as revenue at that time. Deferred revenue is an obligation to transfer services to a customer for which the Company has already received consideration. Upon receipt of a prepayment from a customer for all or a portion of the transaction price, the Company initially recognizes a contract liability. The contract liability is settled, and revenue is recognized when the Company satisfies its performance obligation to the customer at a future date. As of June 30, 2023 and December 31, 2022, the Company deferred $ 1,099,543 933,361 The Company also generates revenues from individual ad hoc charter bookings processed through the Company’s App, whereby the Company will source, negotiate, and arrange travel on a charter basis for a customer based on pre-selected options and pricing provided by the Company to the customer through the App. In addition, Cirrus markets charter on the Company’s aircraft for the Company’s benefit. The Company utilizes certificated independent third-party air carriers in the performance of a portion of flights. The Company evaluates whether there is a promise to transfer services to the customer, as the principal, or to arrange for services to be provided by another party, as the agent, using a control model. The nature of the flight services the Company provides to members is similar regardless of which third-party air carrier is involved. The Company directs third-party air carriers to provide an aircraft to a member or customer. Based on evaluation of the control model, it was determined that the Company acts as the principal rather than the agent within all revenue arrangements. Owner charter revenue is recognized for flights where the owner of a managed aircraft sets the price for the trip. The Company records owner charter revenue at the time of flight on a net basis for the margin we receive to operate the aircraft. If the Company has primary responsibility to fulfill the obligation, then the revenue and the associated costs are reported on a gross basis in the consolidated statements of operations. The following is a breakout of revenue components by subcategory for the three and six months ended June 30, 2023 and 2022. Schedule of Breakout of Revenue 2023 2022 2023 2022 Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Software App and Cirrus Charter $ 1,558,697 $ 337,376 $ 2,552,950 $ 735,643 Jet Card and Fractional Programs 811,140 472,166 1,358,685 805,336 Management and Other Services 422,971 - 756,681 - Fractional/Whole Aircraft Sales - 6,200,000 - 6,200,000 Revenues $ 2,792,808 $ 7,009,542 $ 4,668,316 $ 7,740,979 Flights Flights and flight-related services, along with the related costs of the flights, are earned and recognized as revenue at the point in time in which the service is provided. For round-trip flights, revenue is recognized upon arrival at the destination for each flight segment. Fractional and jet card members pay a fixed quoted amount for flights based on a contractual capped hourly rate. Ad hoc charter customers primarily pay a fixed rate for flights. In addition, flight costs are paid by members through the purchase of dollar-denominated prepaid blocks of flight hours (“Prepaid Blocks”), and other incidental costs such as catering and ground transportation are billed monthly as incurred. Prepaid Blocks are deferred and recognized as revenue when the member completes a flight segment. Aircraft Management The Company manages aircraft for owners in exchange for a contractual fee. Revenue associated with the management of aircraft also includes the recovery of owner-incurred expenses including maintenance coordination, cabin crew and pilots, as well as recharging of certain incurred aircraft operating costs and expenses such as maintenance, fuel, landing fees, parking and other related operating costs. The Company passes the recovery and recharge costs back to owners at either cost or a predetermined margin. Aircraft management-related revenue contains two types of performance obligations. One performance obligation is to provide management services over the contract period. Revenue earned from management services is recognized over the contractual term, on a monthly basis. The second performance obligation is the cost to operate and maintain the aircraft, which is recognized as revenue at the point in time such services are completed. Aircraft Sales The Company acquires aircraft from vendors and various other third-party sellers in the private aviation industry. The Company’s classifies the purchase as aircraft inventory on the consolidated balance sheets. Aircraft inventory is valued at the lower of cost or net realizable value. Sales are recorded on a gross basis within revenues and cost of revenue in the consolidated statements of operations. The Company recorded aircraft sales of $ 0 6,200,000 Pass-Through Costs In applying the guidance of ASC 606, the Company recognizes revenue when its customer obtains control of promised goods or services, in an amount that reflects the consideration which the Company expects to receive in exchange for those goods or services. To determine revenue recognition for arrangements that the Company determines are within the scope of ASC 606, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of ASC 606, the Company assesses the goods or services promised within each contract and determines those that are distinct performance obligations. The Company then assesses whether it is acting as an agent or a principal for each identified performance obligation and includes revenue within the transaction price for third-party costs when the Company determines that it is acting as the principal. Cost of Sales The cost of sales expenses includes costs incurred in providing air transportation services, such as chartering third-party aircraft, aircraft lease expenses, pilot training and wages, aircraft fuel, aircraft maintenance, and other aircraft operating expenses. 1. Chartering Third-Party Aircraft: The cost of chartering third-party aircraft is recorded as a part of the cost of sales expense. These expenses include the fees paid to third-party operators for providing aircraft services on behalf of the company. Expenses are recognized in the income statement in the period when the service is rendered and are reported on an accrual basis. 2. Aircraft Lease Expenses: Aircraft lease expenses include the cost of leasing aircraft for the company’s operations. The lease expenses are recognized as an operating expense in the income statement over the lease term on a straight-line basis. 3. Pilot Training and Wages: Pilot training costs are expensed as incurred and are included in the cost of sales expenses. This encompasses expenses related to initial pilot training, recurrent training, and any additional required training programs. Pilot wages, including salaries, bonuses, and benefits, are also recognized as a part of the cost of sales expenses and are reported on an accrual basis. 4. Aircraft Fuel: The cost of aircraft fuel is recognized as an expense in the cost of sales category based on the actual consumption during flight operations. Fuel costs are recorded in the income statement in the period when the fuel is consumed and are reported on an accrual basis. 5. Aircraft Maintenance: Aircraft maintenance expenses include both routine and non-routine maintenance. Routine maintenance costs are expensed as incurred and are recorded as a part of the cost of sales expense. Non-routine maintenance expenses, such as major repairs and overhauls, are capitalized and amortized over their expected useful life. The amortization expense is included in the cost of sales expense and is recognized in the income statement on a straight-line basis over the asset’s useful life. 6. Other Aircraft Operating Expenses: Other aircraft operating expenses include costs such as insurance, landing fees, navigation charges, and catering services. These expenses are recognized in the income statement as a part of the cost of sales expenses in the period when they are incurred and are reported on an accrual basis. Advertising Costs The Company expenses the cost of advertising and promoting the Company’s services as incurred. Such amounts are included in sales and marketing expense in the consolidated statements of operations and totaled $ 223,708 163,141 Research and Development The Company incurs research and development costs during the process of researching and developing its technologies and future offerings. The Company’s research and development costs consist primarily of payments for third party software development that is not capitalizable. The Company expenses these costs as incurred until the resulting product has been completed, tested, and made ready for commercial use. Stock-Based Compensation The Company accounts for stock awards under ASC 718, Compensation – Stock Compensation. Under ASC 718, share-based compensation cost is measured at the grant date, based on the estimated fair value of the award, and is recognized as expense over the employee’s requisite vesting period or over the nonemployee’s period of providing goods or services. The fair value of each stock option or warrant award is estimated on the date of grant using the Black-Scholes option valuation model. Income Taxes The Company applies ASC 740 Income Taxes (“ASC 740”). Deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial statement reported amounts at each period end, based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The provision for income taxes represents the tax expense for the period, if any and the change during the period in deferred tax assets and liabilities. ASC 740 also provides criteria for the recognition, measurement, presentation and disclosure of uncertain tax positions. A tax benefit from an uncertain position is recognized only if it is “more likely than not” that the position is sustainable upon examination by the relevant taxing authority based on its technical merit. On March 27, 2020, the United States enacted the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The Cares Act includes provisions relating to refundable payroll tax credits, deferment of the employer portion of certain payroll taxes, net operating loss carryback periods, alternative minimum tax credit refunds, modifications to the net interest deduction limitations and technical corrections to tax depreciation methods for qualified improvement property. The CARES Act retroactively suspends the 80% income limitation on use of NOL carryovers for taxable years beginning before January 1, 2021, and allows 100% of any such taxable income to be offset by the amount of such NOL carryforward. This 80% income limitation is reinstated (with slight modifications) for tax years beginning after December 31, 2021. The Company is subject to tax in the United States (“U.S.”) and files tax returns in the U.S. Federal jurisdiction and Nevada state jurisdiction. The Company is subject to U.S. Federal, state, and local income tax examinations by tax authorities for all periods since Inception. The Company currently is not under examination by any tax authority. Loss per Common Share The Company presents basic loss per share (“EPS”) and diluted EPS on the face of the consolidated statements of operations. Basic loss per share is computed as net loss divided by the weighted average number of common shares outstanding for the period. For periods in which the Company incurs a net loss, the effects of potentially dilutive securities would be antidilutive and would be excluded from diluted EPS calculations. For the six months ended June 30, 2023 and 2022, there were 72,573,357 66,823,357 1,666,667 1,666,667 19,496,335 19,809,718 Concentration of Credit Risk The Company maintains its cash with several major financial institutions located in the United States of America which it believes to be creditworthy. Balances are insured by the Federal Deposit Insurance Corporation up to $ 250,000 Segment Reporting The Company identifies operating segments as components of the Company for which discrete financial information is available and is regularly reviewed by the chief operating decision maker, or decision-making group, in making decisions regarding resource allocation and performance assessment. The chief operating decision maker is the chief executive officer. The Company determined that the Company operates in a single operating and reportable segment, private aviation services, as the chief operating decision maker reviews financial information presented on a consolidated basis, accompanied by disaggregated information about revenue, for purposes of making operating decisions, allocating resources, and assessing performance. All of the Company’s long-lived assets are located in the U.S. and revenue from private aviation services is substantially earned from flights throughout the U.S. New Accounting Standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842), specifying the accounting for leases, which supersedes the leases requirements in Topic 840, Leases. The objective of Topic 842 is to establish the principles that lessees and lessors shall apply to report useful information to users of financial statements about the amount, timing, and uncertainty of cash flows arising from a lease. Lessees are permitted to make an accounting policy election to not recognize the asset and liability for leases with a term of twelve months or less. Lessors’ accounting is largely unchanged from the previous accounting standard. In addition, Topic 842 expands the disclosure requirements of lease arrangements. Lessees and lessors will use a modified retrospective transition approach, which includes several practical expedients. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021, with early adoption permitted. The Company adopted the provisions of the new standard starting January 1, 2022 using the modified retrospective approach. As a result, the comparative financial information prior to the date of adoption has not been updated and continue to be reported under the accounting standards in effect for those periods. The adoption of ASC 842 resulted in the recognition of operating lease ROU assets and lease liabilities for operating leases of $ 2,506,711 The FASB issues ASUs to amend the authoritative literature in ASC. There have been several ASUs to date, including those above, that amend the original text of ASC. Management believes that those issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to us or (iv) are not expected to have a significant impact on the Company’s consolidated financial statements.	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Summary of Significant Accounting Policies Going Concern and Management Plans The Company has limited operating history and has incurred losses from operations since Inception. These matters raise concern about the Company’s ability to continue as a going concern. The Company began ramping up its revenue-generating activities during the second half of the year ended December 31, 2021 and continuing into 2022. During the next twelve months, the Company intends to fund its operations with capital from its operations, prior and its most recent Regulation A campaign and prospectively, additional equity offerings. The Company also has the ability to reduce cash burn to preserve capital. There are no assurances, however, that management will be able to raise capital on terms acceptable to the Company. If the Company is unable to obtain sufficient amounts of additional capital, the Company may be required to reduce the near-term scope of its planned development and operations, which could delay implementation of the Company’s business Plan and harm its business, financial condition and operating results. The balance sheets do not include any adjustments that might result from these uncertainties. Basis of Presentation The accounting and reporting policies of the Company conform with generally accepted accounting principles in the United States (“GAAP”). Principles of Consolidation The accompanying consolidated financial statements include the accounts of Jet Token Inc. and its wholly owned subsidiaries, Jet Token Software Inc., Jet Token Management Inc., Galilee LLC, Galilee 1 SPV LLC, Galilee II SPV LLC and Galilee III SPV LLC. All intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, and the reported amount of revenues and expenses during the reporting period. Actual results could materially differ from these estimates. It is reasonably possible that changes in estimates will occur in the near term. Fair Value of Financial Instruments Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants as of the measurement date. Applicable accounting guidance provides an established hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the factors that market participants would use in valuing the asset or liability. There are three levels of inputs that may be used to measure fair value: Level 1 - Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 - Include other inputs that are directly or indirectly observable in the marketplace. Level 3 - Unobservable inputs which are supported by little or no market activity. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company does not have any financial instruments as of December 31, 2022 and 2021. Risks and Uncertainties The Company has a limited operating history and has only recently begun generating revenue from intended operations. The Company’s business and operations are sensitive to general business and economic conditions in the U.S. and worldwide along with local, state, and federal governmental policy decisions. A host of factors beyond the Company’s control could cause fluctuations in these conditions. Adverse conditions may include but are not limited to: changes in the airline industry, blockchain asset regulations by authorities, fuel and operating costs, changes to corporate governance best practices for executive flying, general demand for private jet travel, market acceptance of the Company’s business model and COVID-19 issues more fully described below. These adverse conditions could affect the Company’s financial condition and the results of its operations. On January 30, 2020, the World Health Organization declared the COVID-19 coronavirus outbreak a “Public Health Emergency of International Concern” and on March 10, 2020, declared it to be a pandemic. Actions taken around the world to help mitigate the spread of the coronavirus include restrictions on travel, and quarantines in certain areas, and forced closures for certain types of public places and businesses. The COVID-19 coronavirus and actions taken to mitigate it have had and are expected to continue to have an adverse impact on the economies and financial markets of many countries, including the geographical area in which the Company operates. While it is unknown how long these conditions will last and what the complete financial effect will be to the Company, it is known that the travel industry in which we operate has been severely impacted. The Company is monitoring the situation and exploring opportunities in regard to travel behavior for when travel restrictions ease. Cash and Cash Equivalents For purpose of the consolidated statement of cash flows, the Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents. Offering Costs The Company complies with the requirements of Financial Accounting Standards Board (“FASB”), Accounting Standards Codification (“ASC”) 340 with regards to offering costs. Prior to the completion of an offering, offering costs will be capitalized as deferred offering costs on the consolidated balance sheet. The deferred offering costs will be charged to stockholders’ equity upon the completion of an offering or to expense if the offering is not completed. Property and Equipment Property and equipment are recorded at cost, less accumulated depreciation. Expenditures for major additions and improvements are capitalized and minor replacements, maintenance, and repairs are charged to expense as incurred. When property and equipment are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is included in the results of operations for the respective period. Depreciation is provided over the estimated useful lives of the related assets using the straight-line method for financial statement purposes. As of December 31, 2022, property and equipment consisted entirely of equipment which is being depreciated over a three Internal Use Software The Company incurs software development costs to develop software programs to be used solely to meet its internal needs and cloud-based applications used to deliver its services. In accordance with ASC 350-40, Internal-Use Software, the Company capitalizes development costs related to these software applications once a preliminary project stage is complete, funding has been committed, and it is probable that the project will be completed, and the software will be used to perform the function intended. As of December 31, 2022 and 2021, the Company has capitalized approximately $ 398,000 398,000 132,702 132,696 265,398 Impairment of Long-Lived Assets The Company follows ASC 360, Accounting for Impairment or Disposal of Long-Lived Assets. ASC 360 requires that if events or changes in circumstances indicate that the carrying value of long-lived assets or asset groups may be impaired, an evaluation of recoverability would be performed by comparing the estimated future undiscounted cash flows associated with the asset to the asset’s carrying value to determine if a write-down to market value would be required. Long-lived assets or asset groups that meet the criteria in ASC 360 as being held for sale are reflected at the lower of their carrying amount or fair market value, less costs to sell. Revenue Recognition In applying the guidance of ASC 606, the Company 1) identifies the contract with the customer, 2) identifies the performance obligations in the contract, 3) determines the transaction price, 4) determines if an allocation of that transaction price is required given the performance obligations under the contract, and 5) recognizes revenue when or as the companies satisfies a performance obligation. The Company generates/intends to generate revenue from three primary sources: a fractional ownership program, jet card programs, and ad hoc charter through the Jet Token App. Under the fractional ownership program, a customer can purchase an ownership share in a jet which guarantees the customer access to the jet for a preset number of hours per year and provides all the benefits of plane ownership at a fraction of the cost. The jet card program provides the customer with a preset number of hours of guaranteed private jet access over the agreement term (generally a year) without the larger hourly or capital commitment of purchasing an ownership share. The fractional ownership program consists of an initial buy-in or upfront fee and a fixed hourly rate for flight hours. Alternatively, the jet card program consists of a fixed hourly rate for flight hours typically paid 100% upfront. The Company also generates revenues from individual ad hoc charter bookings processed through our App, whereby the Company will source, negotiate, and arrange travel on a charter basis for a customer based on pre-selected options and pricing provided by the Company to the customer through the App. Revenue is recognized upon transfer of control of our promised services, which generally occurs upon the flight hours being used. Any unused hours for the fractional jet and jet card programs are forfeited at the end of the contract term and are thus immediately recognized as revenue at that time. Revenues from the sale of fractional or whole interests in an aircraft is recognized at the time title to the aircraft is transferred to the purchasers, which generally occurs upon delivery or ownership transfer. The Company defers revenue in all instances when the earnings process is not yet complete. As of December 31, 2022, the Company deferred $ 933,361 The following is a breakout of revenue components by subcategory for the years ended December 31, 2022 and 2021. Schedule of Breakout of Revenue 2022 2021 Jet card and charter programs $ 4,662,728 $ 1,112,195 Fractional/Whole Aircraft Sales 17,200,000 - Revenues $ 21,862,728 $ 1,112,195 Research and Development The Company incurs research and development costs during the process of researching and developing its technologies and future offerings. The Company’s research and development costs consist primarily of payments for third party software development that is not capitalizable. The Company expenses these costs as incurred until the resulting product has been completed, tested, and made ready for commercial use. Stock-Based Compensation The Company accounts for stock awards under ASC 718, Compensation – Stock Compensation. Under ASC 718, share-based compensation cost is measured at the grant date, based on the estimated fair value of the award, and is recognized as expense over the employee’s requisite vesting period or over the nonemployee’s period of providing goods or services. The fair value of each stock option or warrant award is estimated on the date of grant using the Black-Scholes option valuation model. Income Taxes The Company applies ASC 740 Income Taxes (“ASC 740”). Deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial statement reported amounts at each period end, based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The provision for income taxes represents the tax expense for the period, if any and the change during the period in deferred tax assets and liabilities. ASC 740 also provides criteria for the recognition, measurement, presentation and disclosure of uncertain tax positions. A tax benefit from an uncertain position is recognized only if it is “more likely than not” that the position is sustainable upon examination by the relevant taxing authority based on its technical merit. On March 27, 2020, the United States enacted the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The Cares Act includes provisions relating to refundable payroll tax credits, deferment of the employer portion of certain payroll taxes, net operating loss carryback periods, alternative minimum tax credit refunds, modifications to the net interest deduction limitations and technical corrections to tax depreciation methods for qualified improvement property. The CARES Act retroactively suspends the 80% income limitation on use of NOL carryovers for taxable years beginning before January 1, 2021, and allows 100% of any such taxable income to be offset by the amount of such NOL carryforward. This 80% income limitation is reinstated (with slight modifications) for tax years beginning after December 31, 2021 As of December 31, 2022 and 2021, the Company had deferred tax assets of approximately $ 1,465,000 1,213,000 6,980,000 5,778,000 260,000 694,000 The Company is subject to tax in the United States (“U.S.”) and files tax returns in the U.S. Federal jurisdiction and Nevada state jurisdiction. The Company is subject to U.S. Federal, state, and local income tax examinations by tax authorities for all periods since Inception. The Company currently is not under examination by any tax authority. Loss per Common Share The Company presents basic loss per share (“EPS”) and diluted EPS on the face of the consolidated statements of operations. Basic loss per share is computed as net loss divided by the weighted average number of common shares outstanding for the period. For periods in which we incur a net loss, the effects of potentially dilutive securities would be antidilutive and would be excluded from diluted EPS calculations. For the years ended December 31, 2022 and 2021, there were 70,373,357 61,195,357 1,666,667 1,666,667 19,509,718 19,809,718 Concentration of Credit Risk The Company maintains its cash with several major financial institutions located in the United States of America which it believes to be creditworthy. Balances are insured by the Federal Deposit Insurance Corporation up to $ 250,000 New Accounting Standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842), specifying the accounting for leases, which supersedes the leases requirements in Topic 840, Leases. The objective of Topic 842 is to establish the principles that lessees and lessors shall apply to report useful information to users of financial statements about the amount, timing, and uncertainty of cash flows arising from a lease. Lessees are permitted to make an accounting policy election to not recognize the asset and liability for leases with a term of twelve months or less. Lessors’ accounting is largely unchanged from the previous accounting standard. In addition, Topic 842 expands the disclosure requirements of lease arrangements. Lessees and lessors will use a modified retrospective transition approach, which includes several practical expedients. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021, with early adoption permitted. The Company adopted the provisions of the new standard starting January 1, 2022 using the modified retrospective approach. As a result, the comparative financial information prior to the date of adoption has not been updated and continue to be reported under the accounting standards in effect for those periods. The adoption of ASC 842 resulted in the recognition of operating lease ROU assets and lease liabilities for operating leases of $ 2,506,711 The FASB issues ASUs to amend the authoritative literature in ASC. There have been several ASUs to date, including those above, that amend the original text of ASC. Management believes that those issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to us or (iv) are not expected to have a significant impact our consolidated financial statements.

Initial Public Offering

Initial Public Offering	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Initial Public Offering
Initial Public Offering	Note 3— Initial Public Offering On August 16, 2021, the Company consummated its IPO of 10,000,000 10.00 100,000,000 6,624,000 3,500,000 1,500,000 10.00 1,500,000 15,000,000 825,000 525,000 Each Unit consists of one Class A ordinary share, and one redeemable warrant (each, a “Public Warrant”). Each Public Warrant entitles the holder to purchase one Class A ordinary share at a price of $ 11.50	Note 3— Initial Public Offering On August 16, 2021, the Company consummated its IPO of 10,000,000 10.00 100,000,000 6,624,000 3,500,000 1,500,000 10.00 1,500,000 15,000,000 825,000 525,000 Each Unit consists of one Class A ordinary share, and one redeemable warrant (each, a “Public Warrant”). Each Public Warrant entitles the holder to purchase one Class A ordinary share at a price of $ 11.50

Related Party Transactions

Related Party Transactions	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Related Party Transactions	Note 4— Related Party Transactions Founder Shares On April 12, 2021, the Sponsor paid $ 25,000 0.009 2,875,000 0.0001 The Initial Shareholder agreed, subject to limited exceptions, not to transfer, assign or sell any of their Founder Shares until the earlier to occur of: (i) one year after the completion of the initial Business Combination or (ii) the date following the completion of the initial Business Combination on which the Company completes a liquidation, merger, share exchange or other similar transaction that results in all of the shareholders having the right to exchange their ordinary shares for cash, securities or other property. Notwithstanding the foregoing, if the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 120 days after the initial Business Combination, the Founder Shares will be released from the lockup. OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited) Note 4—Related Party Transactions (continued) Private Placement Warrants Simultaneously with the closing of the Initial Public Offering, the Company consummated the Private Placement of an 5,760,000 1.00 5,760,000 Certain proceeds from the Private Placement Warrants were added to the proceeds from the Initial Public Offering to be held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the Private Placement Warrants will expire worthless. The Private Placement Warrants will be non-redeemable and exercisable on a cashless basis so long as they are held by the Sponsor or its permitted transferees. Working Capital Loans In order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, other Initial Shareholder, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If the Company completes a Business Combination, the Company would repay the Working Capital Loans. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans. The Working Capital Loans would either be repaid upon consummation of a Business Combination, without interest, or, at the lender’s discretion, up to $ 1,500,000 1.00 Administrative Services Agreement Commencing on the effective date of the Company’s IPO, the Company agreed to pay its Sponsor a total of up to $ 10,000 80,000 20,000 Extension Amendment Proposal and Promissory Note On November 9, 2022, the Company held an extraordinary general meeting (the “EGM”) of shareholders. At the EGM, the Company’s shareholders were presented the proposals to extend the date by which the Company must consummate a business combination (the “Termination Date”) from November 16, 2022 to August 16, 2023 (or such earlier date as determined by the Board of Directors) by amending the Company’s Amended and Restated Memorandum and Articles of Association (the “Extension Amendment Proposal”). The Extension Amendment Proposal to amend the Company’s Amended and Restated Memorandum and Articles of Association (“Charter Amendment”) was approved. The Company filed the Charter Amendment with the Cayman Islands Registrar of Companies on November 11, 2022. In connection with the vote to approve the Extension Amendment Proposal, the holders of 10,313,048 10.22 105,424,960 The sponsor has agreed to contribute to us a loan of $ 575,000 575,000 The Extension Note bears no interest and is repayable in full upon the earlier of (a) the date of the consummation of an initial business combination, or (b) the date of the liquidation of the Company. OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited)	Note 4— Related Party Transactions Founder Shares On April 12, 2021, the Sponsor paid $ 25,000 0.009 2,875,000 0.0001 The Initial Shareholder have agreed, subject to limited exceptions, not to transfer, assign or sell any of their Founder Shares until the earlier to occur of: (i) one year after the completion of the initial Business Combination or (ii) the date following the completion of the initial Business Combination on which the Company completes a liquidation, merger, share exchange or other similar transaction that results in all of the shareholders having the right to exchange their ordinary shares for cash, securities or other property. Notwithstanding the foregoing, if the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 120 days after the initial Business Combination, the Founder Shares will be released from the lockup. Private Placement Warrants Simultaneously with the closing of the IPO, the Company consummated the Private Placement of an 5,760,000 1.00 5,760,000 Certain proceeds from the Private Placement Warrants were added to the proceeds from the IPO to be held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the Private Placement Warrants will expire worthless. The Private Placement Warrants will be non-redeemable and exercisable on a cashless basis so long as they are held by the Sponsor or its permitted transferees. OXBRIDGE ACQUISITION CORP. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022 Note 4—Related Party Transactions (continued) Related Party Loans On April 19, 2021, the Sponsor agreed to loan the Company an aggregate of up to $ 300,000 195,175 Working Capital Loans In addition, in order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, other Initial Shareholder, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If the Company completes a Business Combination, the Company would repay the Working Capital Loans. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans. The Working Capital Loans would either be repaid upon consummation of a Business Combination, without interest, or, at the lender’s discretion, up to $ 1,500,000 1.00 Administrative Services Agreement Commencing on the effective date of the Company’s IPO, the Company agreed to pay its Sponsor a total of up to $ 10,000 100,000 50,000 Extension Amendment Proposal and Promissory Note On November 9, 2022, the Company held an extraordinary general meeting (the “EGM”) of shareholders. At the EGM, the Company’s shareholders were presented the proposals to extend the date by which the Company must consummate a business combination (the “Termination Date”) from November 16, 2022 to August 16, 2023 (or such earlier date as determined by the Board of Directors) by amending the Company’s Amended and Restated Memorandum and Articles of Association (the “Extension Amendment Proposal”). The Extension Amendment Proposal to amend the Company’s Amended and Restated Memorandum and Articles of Association (“Charter Amendment”) was approved. The Company filed the Charter Amendment with the Cayman Islands Registrar of Companies on November 11, 2022. In connection with the vote to approve the Extension Amendment Proposal, the holders of 10,313,048 10.22 105,424,960 The sponsor has agreed to contribute to us a loan of $ 575,000 575,000 The Extension Note bears no interest and is repayable in full upon the earlier of (a) the date of the consummation of an initial business combination, or (b) the date of the liquidation of the Company.
Jet Token, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
Related Party Transactions	NOTE 7 – RELATED PARTY TRANSACTIONS Related Party Transactions From time to time, related parties make payments on the Company’s behalf or advance cash to the Company for operating costs which require repayment. Such transactions are considered short-term advances and non-interest bearing. During the six months ended June 30, 2023 and 2022, the Company’s Founder and Executive Chairman advanced a total of $ 0 72,000 0 242,196 0 0	NOTE 7 – RELATED PARTY TRANSACTIONS Related Party Transactions From time to time, related parties make payments on the Company’s behalf or advance cash to the Company for operating costs which require repayment. Such transactions are considered short-term advances and non-interest bearing. During the years ended December 31, 2022 and 2021, the Company’s Founder and Executive Chairman advanced a total of $ 42,000 200,196 242,196 0 0 200,196

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Commitments and Contingencies	Note 5— Commitments and Contingencies Registration Rights The holders of Founder Shares, Private Placement Warrants, and securities that may be issued upon conversion of Working Capital Loans, if any, are entitled to registration rights pursuant to a registration and shareholder rights agreement. The holders of these securities are entitled to make up to three demands, excluding short form demands, that the Company registers such securities. In addition, these holders will have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of the initial Business Combination. The Company will bear the expenses incurred in connection with the filing of any such registration statements. Underwriting Agreement The Company granted the underwriters a 45-day option from the final prospectus relating to the Initial Public Offering to purchase up to 1,500,000 The underwriters were entitled to an underwriting discount of $ 0.20 2.0 2.3 0.35 3.5 4.03 Risks and Uncertainties In February 2022, the Russian Federation and Belarus commenced a military action with the country of Ukraine. As a result of this action, various nations, including the United States, have instituted economic sanctions against the Russian Federation and Belarus. The impact of this action and related sanctions on the world economy are not determinable as of the date of this report and the specific impact on the Company’s financial condition, results of operations, and cash flows is also not determinable as of the date of this Quarterly Report on Form 10-Q.	Note 5— Commitments and Contingencies Registration Rights The holders of Founder Shares, Private Placement Warrants, and securities that may be issued upon conversion of Working Capital Loans, if any, are entitled to registration rights pursuant to a registration and shareholder rights agreement. The holders of these securities are entitled to make up to three demands, excluding short form demands, that the Company registers such securities. In addition, these holders will have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of the initial Business Combination. The Company will bear the expenses incurred in connection with the filing of any such registration statements. OXBRIDGE ACQUISITION CORP. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022 Note 5—Commitments and Contingencies (continued) Underwriting Agreement The Company granted the underwriters a 45-day option from the final prospectus relating to the IPO to purchase up to 1,500,000 The underwriters were entitled to an underwriting discount of $ 0.20 2.0 2.3 0.35 3.5 4.03 Risks and Uncertainties In February 2022, the Russian Federation and Belarus commenced a military action with the country of Ukraine. As a result of this action, various nations, including the United States, have instituted economic sanctions against the Russian Federation and Belarus. The impact of this action and related sanctions on the world economy are not determinable as of the date of this Annual Report on Form 10-K and the specific impact on the Company’s financial condition, results of operations, and cash flows is also not determinable as of the date of this Annual Report on Form 10-K.
Jet Token, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
Commitments and Contingencies	NOTE 5 – COMMITMENTS AND CONTINGENCIES Commitments and Contingencies Operating Lease In November 2021, the Company entered into a leasing arrangement with a third party for an aircraft to be used in the Company’s operations. The lease term is for 60 months, expiring November 2026, and requires monthly lease payments. At any time during the lease term, the Company has the option to purchase the aircraft from the lessor at the aircraft’s fair market value at that time. The lease agreement also requires the Company to hold a liquidity reserve of $ 500,000 690,000 70,500 On April 4, 2022, the Company entered into an additional leasing arrangement with a third party for an aircraft to be used in the Company’s operations, substantially identical to the terms of the November 2021 agreement. The lease term was for 60 months, expiring April 4, 2027, and required monthly lease payments. At any time during the lease term, the Company had the option to purchase the aircraft from the lessor at the aircraft’s fair market value at that time. The lease agreement also required the Company to maintain its existing liquidity reserve of $ 500,000 690,000 Total lease expense for the six months ended June 30, 2023 and 2022 was $ 550,634 37,234 Right-of-use lease assets and lease liabilities for our operating lease was recorded in the balance sheet as follows: Schedule of Operating Right of Use Lease Assets and Lease Liabilities June 30, 2023 Operating lease right-of-use asset $ 2,576,036 Accumulated amortization (747,154 ) Net balance $ 1,828,882 Lease liability, current portion $ 502,450 Lease liability, long-term 1,278,257 Total operating lease liabilities $ 1,780,707 As of June 30, 2023, the weighted average remaining lease term was 3.4 years, and the weighted average discount rate was 3%. As of June 30, 2023, future minimum required lease payments due under the non-cancellable operating lease are as follows: Schedule of Future Minimum Lease Payments 2023 $ 274,500 2024 549,000 2025 549,000 2026 503,250 Total future minimum lease payments 1,875,750 Less imputed interest (95,043 ) Maturities of lease liabilities $ 1,780,707 Share Purchase Agreement The Company executed a Share Purchase Agreement, dated as of August 4, 2022, with GEM Yield LLC SCS and GEM Yield Bahamas Limited (together with GEM Yield LLC SCS, “GEM”). Upon the Company’s common stock being publicly listed on a U.S. securities exchange, such as the NYSE or NASDAQ, the Company will have the right to periodically issue and sell to GEM, and GEM has agreed to purchase, up to $ 40,000,000 In consideration for these services, the Company has agreed to pay GEM a commitment fee equal to $ 800,000 three years The Company has also entered into a Registration Rights Agreement with GEM, obligating the Company to file a Registration Statement with respect to resales of the shares of common stock issued to GEM under the Share Purchase Agreement and upon exercise of the warrant.	NOTE 5 – COMMITMENTS AND CONTINGENCIES Commitments and Contingencies Operating Lease In November 2021, the Company entered into a leasing arrangement with a third party for an aircraft to be used in the Company’s operations. The lease term is for 60 months, expiring November 2026, and requires monthly lease payments. At any time during the lease term, the Company has the option to purchase the aircraft from the lessor at the aircraft’s fair market value at that time. The lease agreement also requires the Company to hold a liquidity reserve of $ 500,000 690,000 70,500 On April 4, 2022, the Company entered into an additional leasing arrangement with a third party for an aircraft to be used in the Company’s operations, substantially identical to the terms of the November 2021 agreement. The lease term was for 60 months, expiring April 4, 2027, and required monthly lease payments. At any time during the lease term, the Company had the option to purchase the aircraft from the lessor at the aircraft’s fair market value at that time. The lease agreement also required the Company to maintain its existing liquidity reserve of $ 500,000 690,000 Total lease expense for the years ended December 31, 2022 and 2021 was $ 863,824 90,165 As of December 31, 2022, future minimum required lease payments due under the non-cancellable operating lease are as follows: Schedule of Future Minimum Lease Payments 2023 $ 549,000 2024 549,000 2025 549,000 2026 503,250 Total future minimum lease payments $ 2,150,250 Less imputed interest (123,907 ) Maturities of lease liabilities $ 2,026,343 Share Purchase Agreement The Company executed a Share Purchase Agreement, dated as of August 4, 2022, with GEM Yield LLC SCS and GEM Yield Bahamas Limited (together with GEM Yield LLC SCS, “GEM”). Upon the Company’s common stock being publicly listed on a U.S. securities exchange, such as the NYSE or NASDAQ, the Company will have the right to periodically issue and sell to GEM, and GEM has agreed to purchase, up to $ 40,000,000 In consideration for these services, the Company has agreed to pay GEM a commitment fee equal to $ 800,000 three years The Company has also entered into a Registration Rights Agreement with GEM, obligating the Company to file a Registration Statement with respect to resales of the shares of common stock issued to GEM under the Share Purchase Agreement and upon exercise of the warrant.

Derivative Warrant Liabilities

Derivative Warrant Liabilities	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Warrant Liabilities	Note 6 – Derivative Warrant Liabilities As of June 30, 2023, the Company had 11,500,000 5,760,000 The Public Warrants will become exercisable on the later of (a) 30 days after the consummation of a Business Combination or (b) 12 months from the closing of the IPO. The Public Warrants will expire five years from the consummation of a Business Combination or earlier upon redemption or liquidation. The Company will not be obligated to deliver any Class A ordinary shares pursuant to the exercise of a Public Warrant and will have no obligation to settle such Public Warrant exercise unless a registration statement under the Securities Act covering the issuance of the Class A ordinary shares issuable upon exercise of the Public Warrants is then effective and a prospectus relating thereto is current, subject to the Company satisfying its obligations with respect to registration. No Public Warrant will be exercisable for cash or on a cashless basis, and the Company will not be obligated to issue any shares to holders seeking to exercise their Public Warrants, unless the issuance of the shares upon such exercise is registered or qualified under the securities laws of the state of the exercising holder, or an exemption from registration is available. OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited) Note 6 – Derivative Warrant Liabilities (continued) The Company has agreed that as soon as practicable, but in no event later than 15 business days, after the closing of a Business Combination, it will use its best efforts to file with the SEC a registration statement registering the issuance, under the Securities Act, of the Class A ordinary shares issuable upon exercise of the Public Warrants. The Company will use its best efforts to file with the SEC a registration statement covering the shares of Class A ordinary shares issuable upon exercise of the warrants, to cause such registration statement to become effective and to maintain a current prospectus relating to those shares of Class A ordinary shares until the warrants expire or are redeemed, as specified in the warrant agreement. If a registration statement covering the shares of Class A ordinary shares issuable upon exercise of the warrants is not effective by the 60 th Redemption of Warrants for Cash When the Price per Class A Ordinary Share Equals or Exceeds $18.00 Once the Public Warrants become exercisable, the Company may call the Public Warrants for redemption ● in whole and not in part; ● at a price of $ 0.01 ● upon not less than 30 days’ prior written notice of redemption to each warrant holder and ● if, and only if, the reported last sale price of the Class A ordinary shares equals or exceeds $ 18.00 If and when the Public Warrants become redeemable by the Company, the Company may not exercise its redemption right if the issuance of ordinary shares upon exercise of the warrants is not exempt from registration or qualification under applicable state blue sky laws or the Company is unable to effect such registration or qualification. The exercise price and number of shares of Class A ordinary shares issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a share dividend, or recapitalization, reorganization, merger or consolidation. Additionally, in no event will the Company be required to net cash settle the Public Warrants. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with the respect to such warrants. Accordingly, the warrants may expire worthless. If the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. The exercise price and number of common shares issuable upon exercise of the Public Warrants may be adjusted in certain circumstances including in the event of a share dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited) Note 6 – Derivative Warrant Liabilities (continued) In addition, if (x) the Company issues additional shares of Class A ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of its initial Business Combination at an issue price or effective issue price of less than $9.20 per Class A ordinary share (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the Company’s initial Business Combination on the date of the consummation of such initial Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Company’s ordinary shares during the 20 trading day period starting on the trading day prior to the day on which the Company consummates its initial Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price and the $18.00 per share redemption trigger price described above will be adjusted (to the nearest cent) to be equal to 180% of the greater of the Market Value and the Newly Issued Price. The Private Placement Warrants are identical to the Public Warrants underlying the Units sold in the IPO, except that the Private Placement Warrants and the ordinary shares issuable upon exercise of the Private Placement Warrants, so long as they are held by the Initial Shareholders or their permitted transferees, (i) will not be redeemable by the Company, (ii) may not (including the Class A ordinary shares issuable upon exercise of these warrants), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of the initial Business Combination, (iii) may be exercised by the holders on a cashless basis and (iv) will be entitled to registration rights. If the Private Placement Warrants are held by holders other than the Sponsor or its permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by the holders on the same basis as the Public Warrants. The Company has accounted for the 17,260,000 11,500,000 5,760,000 The warrant agreement contains an Alternative Issuance provision that if less than 70 OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited) Note 6 – Derivative Warrant Liabilities (continued) The Company believes that the adjustments to the exercise price of the warrants is based on a variable that is not an input to the fair value of a “fixed-for-fixed” option as defined under FASB ASC Topic No. 815 – 40, and thus the warrants are not eligible for an exception from derivative accounting. The accounting treatment of derivative financial instruments requires that the Company record a derivative liability upon the closing of the Initial Public Offering. Accordingly, the Company classifies each warrant as a liability at its fair value and the warrants will be allocated a portion of the proceeds from the issuance of the Units equal to its fair value determined using Black-Scholes option pricing model. This liability is subject to re-measurement at each balance sheet date. With each such re-measurement, the warrant liability will be adjusted to fair value, with the change in fair value recognized in the Company’s statements of operations. For the six-month periods ending June 30, 2023 and 2022, the Company recognized a (loss)/gain on revaluation of approximately ($ 0.2 3.0	Note 6 – Derivative Warrant Liabilities As of December 31, 2022, the Company had 11,500,000 5,760,000 The Public Warrants will become exercisable on the later of (a) 30 days after the consummation of a Business Combination or (b) 12 months from the closing of the IPO. The Public Warrants will expire five years from the consummation of a Business Combination or earlier upon redemption or liquidation. The Company will not be obligated to deliver any Class A ordinary shares pursuant to the exercise of a Public Warrant and will have no obligation to settle such Public Warrant exercise unless a registration statement under the Securities Act covering the issuance of the Class A ordinary shares issuable upon exercise of the Public Warrants is then effective and a prospectus relating thereto is current, subject to the Company satisfying its obligations with respect to registration. No Public Warrant will be exercisable for cash or on a cashless basis, and the Company will not be obligated to issue any shares to holders seeking to exercise their Public Warrants, unless the issuance of the shares upon such exercise is registered or qualified under the securities laws of the state of the exercising holder, or an exemption from registration is available. The Company has agreed that as soon as practicable, but in no event later than 15 business days, after the closing of a Business Combination, it will use its best efforts to file with the SEC a registration statement registering the issuance, under the Securities Act, of the Class A ordinary shares issuable upon exercise of the Public Warrants. The Company will use its best efforts to file with the SEC a registration statement covering the shares of Class A ordinary shares issuable upon exercise of the warrants, to cause such registration statement to become effective and to maintain a current prospectus relating to those shares of Class A ordinary shares until the warrants expire or are redeemed, as specified in the warrant agreement. If a registration statement covering the shares of Class A ordinary shares issuable upon exercise of the warrants is not effective by the 60 th OXBRIDGE ACQUISITION CORP. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022 Note 6 – Derivative Warrant Liabilities (continued) Redemption of Warrants for Cash When the Price per Class A Ordinary Share Equals or Exceeds $18.00 Once the Public Warrants become exercisable, the Company may call the Public Warrants for redemption ● in whole and not in part; ● at a price of $ 0.01 ● upon not less than 30 days’ prior written notice of redemption to each warrant holder and ● if, and only if, the reported last sale price of the Class A ordinary shares equals or exceeds $ 18.00 If and when the Public Warrants become redeemable by the Company, the Company may not exercise its redemption right if the issuance of shares of ordinary shares upon exercise of the warrants is not exempt from registration or qualification under applicable state blue sky laws or the Company is unable to effect such registration or qualification. The exercise price and number of shares of Class A ordinary shares issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a share dividend, or recapitalization, reorganization, merger or consolidation. Additionally, in no event will the Company be required to net cash settle the Public Warrants. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with the respect to such warrants. Accordingly, the warrants may expire worthless. If the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. The exercise price and number of common shares issuable upon exercise of the Public Warrants may be adjusted in certain circumstances including in the event of a share dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. In addition, if (x) the Company issues additional shares of Class A ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of its initial Business Combination at an issue price or effective issue price of less than $9.20 per Class A ordinary share (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the Company’s initial Business Combination on the date of the consummation of such initial Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Company’s ordinary shares during the 20 trading day period starting on the trading day prior to the day on which the Company consummates its initial Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price and the $18.00 per share redemption trigger price described above will be adjusted (to the nearest cent) to be equal to 180% of the greater of the Market Value and the Newly Issued Price. OXBRIDGE ACQUISITION CORP. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022 Note 6 – Derivative Warrant Liabilities (continued) The Private Placement Warrants are identical to the Public Warrants underlying the Units sold in the IPO, except that the Private Placement Warrants and the ordinary shares issuable upon exercise of the Private Placement Warrants, so long as they are held by the Initial Shareholders or their permitted transferees, (i) will not be redeemable by the Company, (ii) may not (including the Class A ordinary shares issuable upon exercise of these warrants), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of the initial Business Combination, (iii) may be exercised by the holders on a cashless basis and (iv) will be entitled to registration rights. If the Private Placement Warrants are held by holders other than the Sponsor or its permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by the holders on the same basis as the Public Warrants. The Company has accounted for the 17,260,000 11,500,000 5,760,000 6.7 3.5 The warrant agreement contains an Alternative Issuance provision that if less than 70% of the consideration receivable by the holders of the Class A common stock in the Business Combination is payable in the form of common equity in the successor entity, and if the holders of the warrants properly exercise the warrants within thirty days following the public disclosure of the consummation of Business Combination by the Company, the warrant price shall be reduced by an amount equal to the difference (but in no event less than zero) of (i) the warrant price in effect prior to such reduction minus (ii) (A) the Per Share Consideration (as defined below) minus (B) the Black-Scholes Warrant Value (as defined below). The “Black-Scholes Warrant Value” means the value of a Warrant immediately prior to the consummation of the Business Combination based on the Black-Scholes Warrant Model for a Capped American Call on Bloomberg Financial Markets. “Per Share Consideration” means (i) if the consideration paid to holders of the common stock consists exclusively of cash, the amount of such cash per common stock, and (ii) in all other cases, the volume weighted average price of the common stock as reported during the ten-trading day period ending on the trading day prior to the effective date of the Business Combination. The Company believes that the adjustments to the exercise price of the warrants is based on a variable that is not an input to the fair value of a “fixed-for-fixed” option as defined under FASB ASC Topic No. 815 – 40, and thus the warrants are not eligible for an exception from derivative accounting. The accounting treatment of derivative financial instruments requires that the Company record a derivative liability upon the closing of the IPO. Accordingly, the Company classifies each warrant as a liability at its fair value and the warrants will be allocated a portion of the proceeds from the issuance of the Units equal to its fair value determined using Black-Scholes option pricing model. This liability is subject to re-measurement at each balance sheet date. With each such re-measurement, the warrant liability will be adjusted to fair value, with the change in fair value recognized in the Company’s statement of operations. The Company will reassess the classification at each balance sheet date. If the classification changes as a result of events during the period, the warrants will be reclassified as of the date of the event that causes the reclassification. OXBRIDGE ACQUISITION CORP. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022

Fair Value Measurements

Fair Value Measurements	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 7 - Fair Value Measurements The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022, by level within the fair value hierarchy: Schedule of Fair Value Liabilities Measured on Recurring Basis Fair Value Measurements Using At June 30, 2023 (Level 1) (Level 2) (Level 3) Total Description Assets Marketable securities held in Trust Account $ 13,125,461 $ - $ - $ 13,125,461 Liabilities: Warrant liabilities - public warrants $ 575,000 $ - $ - $ 575,000 Warrant liabilities - private warrants $ - $ - $ 739 $ 739 Fair Value Measurements Using At December 31, 2022 (Level 1) (Level 2) (Level 3) Total Description Assets Marketable securities held in trust account $ 12,834,629 $ - $ - $ 12,834,629 Liabilities: Warrant liabilities - public warrants $ 368,000 $ - $ - $ 368,000 Warrant liabilities - private warrants $ - $ - $ 1,902 $ 1,902 The Public Warrants issued in connection with the Public Offering and the Private Placement Warrants were initially and subsequently measured at fair value using a Black-Scholes option pricing model. The subsequent measurement of the Public Warrants as of June 30, 2023 and December 31, 2022, are classified as Level 1 due to the use of an observable market quote in an active market. OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited) Note 7 - Fair Value Measurements (continued) The Company utilizes a Black-Scholes model to value the Private Placement Warrants at each reporting period, with changes in fair value recognized in the statements of operations. The estimated fair value of the Private Placement Warrant liability is determined using Level 3 inputs. Inherent in the Black-Scholes option pricing model are assumptions related to expected stock-price volatility, expected life, risk-free interest rate and dividend yield. The Company estimates the volatility of its warrants based on historical volatility of its stock price. The risk-free interest rate is based on the U.S. Treasury zero-coupon yield curve on the grant date for a maturity similar to the expected remaining life of the warrants. The Company used the modified extension date deadline of August 16, 2023, to determine the estimated life of the warrants. The dividend rate is based on the historical rate, which the Company anticipates remaining at zero. There were no transfers between Levels 1, 2 or 3 during the three-month or six-month periods ended June 30, 2023 and 2022. The following table provides quantitative information regarding Level 3 fair value measurements inputs as their measurement dates: Schedule of Fair Value Measurements At June 30, 2023 At December 31, 2022 Share price $ 10.87 $ 10.45 Exercise price $ 11.5 $ 11.5 Expected dividend yield 0 % 0 % Expected volatility 4.96 % 2.97 % Risk-free interest rate 5.31 % 4.85 % Expected life (in years) 0.13 0.67 The following table provides a reconciliation of changes in fair value of the beginning and ending balances for the liabilities classified as Level 3: Schedule of Fair Value Warrant Liabilities Private Placement Warrants Public Warrants Warrant Liabilities Fair value of Level 3 warrants at January 1, 2023 $ 1,902 $ - $ 1,902 Change in valuation inputs or other assumptions (1,163 ) - (1,163 ) Fair value of Level 3 warrants at June 30, 2023 $ 739 $ - $ 739 The following table presents the changes in the fair value of derivative warrant liabilities: Schedule of Fair Value Warrant Liabilities Private Placement Warrants Public Warrants Total Warrant Liabilities Fair value as of January 1, 2023 $ 1,902 $ 368,000 $ 369,902 Change in valuation inputs or other assumptions (1,163 ) 207,000 205,837 Fair value as of June 30, 2023 $ 739 $ 575,000 $ 575,739 OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited)	Note 7 - Fair Value Measurements The following table presents information about the Company’s financial liabilities that are measured at fair value on a recurring basis as of the initial issuance date, December 31, 2022 and 2021, by level within the fair value hierarchy: Schedule of Fair Value Liabilities Measured on Recurring Basis Fair Value Measurements Using At December 31, 2022 (Level 1) (Level 2) (Level 3) Total Description Liabilities: Warrant liabilities - public warrants $ 368,000 $ - $ - $ 368,000 Warrant liabilities - private warrants - - 1,902 1,902 Total $ 368,000 $ - $ 1,902 $ 369,902 Fair Value Measurements Using At December 31, 2021 (Level 1) (Level 2) (Level 3) Total Description Liabilities: Warrant liabilities - public warrants $ 4,655,200 $ - $ - $ 4,655,200 Warrant liabilities - private warrants - - 2,414,100 2,414,100 Total $ 4,655,200 $ - $ 2,414,100 $ 7,069,300 The Public Warrants issued in connection with the Public Offering and the Private Placement Warrants were initially and subsequently measured at fair value using a Black-Scholes option pricing model. The subsequent measurement of the Public Warrants as of December 31, 2022, and December 31, 2021, are classified as Level 1 due to the use of an observable market quote in an active market. The Company utilizes a Black-Scholes model to value the Private Placement Warrants at each reporting period, with changes in fair value recognized in the statement of earnings. The estimated fair value of the Private Placement Warrant liability is determined using Level 3 inputs. Inherent in the Black-Scholes option pricing model are assumptions related to expected stock-price volatility, expected life, risk-free interest rate and dividend yield. The Company estimates the volatility of its warrants based on historical volatility of its stock price. The risk-free interest rate is based on the U.S. Treasury zero-coupon yield curve on the grant date for a maturity similar to the expected remaining life of the warrants. The Company used the modified extension date deadline of August 16, 2023, to determine the estimated life of the warrants. The dividend rate is based on the historical rate, which the Company anticipates remaining at zero. There were no transfers between Levels 1, 2 or 3 during the year ended December 31, 2022. There were no transfers between Levels 1, 2 or 3 during the period from April 12, 2021 (inception) through December 31, 2021, other than the transfer of public warrants liabilities from Level 3 to Level 1. The following table provides quantitative information regarding Level 3 fair value measurements inputs for private placement warrants at their measurement dates: Schedule of Fair Value Measurements At At Share price $ 10.45 $ 9.90 Exercise price $ 11.5 $ 11.5 Expected dividend yield 0 % 0 % Expected volatility 2.97 % 24.01 % Risk-free interest rate 4.85 % 0.54 % Expected life (in years) 0.67 0.98 OXBRIDGE ACQUISITION CORP. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022 Note 7 - Fair Value Measurements (continued) The following table provides a reconciliation of changes in fair value of the beginning and ending balances for the liabilities classified as Level 3: Schedule of Fair Value Warrant Liabilities Private Public Warrant Fair value of Level 3 warrants at January 1, 2022 $ 2,414,100 $ - $ 2,414,100 Change in valuation inputs or other assumptions (2,412,198 ) - (2,412,198 ) Fair value of Level 3 warrants at December 31, 2022 $ 1,902 $ - $ 1,902 The following table presents the changes in the fair value of warrant liabilities: Schedule of Fair Value Warrant Liabilities Private Public Total Fair value as of January 1, 2022 $ 2,414,100 $ 4,655,200 $ 7,069,300 Change in valuation inputs or other assumptions (2,412,198 ) (4,287,200 ) (6,699,398 ) Fair value as of December 31, 2022 $ 1,902 $ 368,000 $ 369,902

Shareholders_ Equity

Shareholders’ Equity	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Shareholders’ Equity	Note 8— Shareholders’ Equity Preference Shares 4,000,000 0.0001 no Class A Ordinary Shares 400,000,000 0.0001 1,301,952 1,186,952 Class B Ordinary Shares 40,000,000 0.0001 2,875,000 The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the initial Business Combination on a one-for-one basis (as adjusted). In the case that additional Class A ordinary shares or equity-linked securities are issued or deemed issued in connection with the initial Business Combination, the number of Class A ordinary shares issuable upon conversion of all Founder Shares will equal, in the aggregate, 20	Note 8— Shareholders’ Deficit Shareholders’ Equity Preference Shares 4,000,000 0.0001 no Class A Ordinary Shares 400,000,000 0.0001 1,301,952 11,615,000 1,186,952 11,500,000 Class B Ordinary Shares 40,000,000 0.0001 2,875,000 OXBRIDGE ACQUISITION CORP. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022 Note 8—Shareholders’ Deficit (continued) The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the initial Business Combination on a one-for-one basis (as adjusted). In the case that additional Class A ordinary shares or equity-linked securities are issued or deemed issued in connection with the initial Business Combination, the number of Class A ordinary shares issuable upon conversion of all Founder Shares will equal, in the aggregate, 20%
Jet Token, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
Shareholders’ Equity	NOTE 6 – STOCKHOLDERS’ EQUITY Shareholders’ Equity Preferred Stock The Company has authorized the issuance of 50,000,000 0.0000001 10,000,000 25,000,000 15,000,000 In October 2021, the Company redeemed 300,000 225,000 Common Stock The Company has authorized the issuance of 500,000,000 300,000,000 200,000,000 0.0000001 In February 2020, the Company undertook a Regulation A, Tier 2 offering for which it is selling up to 33,333,333 0.30 10,000,000 45,065 13,550 In June 2021, the Company undertook another Regulation A, Tier 2 offering for which it is selling up to 29,173,333 0.75 21,880,000 2,164,648 1,635,566 2,131,507 1,598,630 25,479 Warrants In connection with the Regulation A, Tier 2 offerings noted above, the Company engaged StartEngine Primary, LLC (“StartEngine”) to act as its placement agent. For such, StartEngine received 7% commissions on proceeds from the offering, and the Company issued warrants to StartEngine up to a percentage specified within the agreements of the non-voting common stock sold through StartEngine at exercise price consistent with the selling price of the shares in the offering. In December 2020, the Company issued the 1,666,667 0.30 184,000 three years Stock Options On June 4, 2018, the Company’s Board of Directors adopted the Jet Token, Inc. 2018 Stock Option and Grant Plan (the “2018 Plan”). The 2018 Plan provides for the grant of equity awards to employees, and consultants, to purchase shares of the Company’s common stock. As of December 31, 2020, up to 25,000,000 75,000,000 25,000,000 50,000,000 In August 2021, the Company’s Board of Directors adopted the Jet Token Inc. 2021 Stock Plan (the “2021 Plan”). The 2021 plan provides for the grant of equity awards to employees, outside directors, and consultants, including the direct award or sale of shares, stock options, and restricted stock units to purchase shares. Up to 5,000,000 15,000,000 During the six months ended June 30, 2022, the Company granted a total of 5,628,000 ten 0.75 128,000 2,943,000 During the six months ended June 30, 2023, the Company granted a total of 2,200,000 ten 0.75 200,000 1,271,040 The Company estimates the fair value of stock options that contain service and/or performance conditions using the Black-Scholes option pricing model. The range of input assumptions used by the Company were as follows: Schedule of Estimate the Fair Value of Stock Options June 30, 2023 December 31, 2022 Expected life (years) 6 10 6 10 Risk-free interest rate 3.55 3.94 % 1.43 4.10 % Expected volatility 90 % 80 % Annual dividend yield 0 % 0 % The Company recognizes stock option forfeitures as they occur as there is insufficient historical data to accurately determine future forfeitures rates. The risk-free interest rate assumption for options granted is based upon observed interest rates on the United States government securities appropriate for the expected term of the Company’s stock options. The expected term of stock options is calculated using the simplified method which takes into consideration the contractual life and vesting terms of the options. The Company determined the expected volatility assumption for options granted using the historical volatility of comparable public company’s common stock. The Company will continue to monitor peer companies and other relevant factors used to measure expected volatility for future stock option grants, until such time that the Company’s common stock has enough market history to use historical volatility. The dividend yield assumption for options granted is based on the Company’s history and expectation of dividend payouts. The Company has never declared or paid any cash dividends on its common stock, and the Company does not anticipate paying any cash dividends in the foreseeable future. During the six months ended June 30, 2023 and 2022, stock-based compensation expense of $ 2,755,087 2,371,247 6,743,000 Restricted Stock Units In August 2021, the Company granted Restricted Stock Units (RSUs) to a contractor. The grant allows the contractor to earn up to 4,813,333	NOTE 6 – STOCKHOLDERS’ EQUITY Shareholders’ Equity Preferred Stock The Company has authorized the issuance of 50,000,000 0.0000001 10,000,000 25,000,000 15,000,000 In October 2021, the Company redeemed 300,000 225,000 Common Stock The Company has authorized the issuance of 500,000,000 300,000,000 200,000,000 0.0000001 In February 2020, the Company undertook a Regulation A, Tier 2 offering for which it is selling up to 33,333,333 0.30 10,000,000 31,402,755 9,420,827 522,966 1,494,462 448,339 522,966 61,894 18,598 In June 2021, the Company undertook another Regulation A, Tier 2 offering for which it is selling up to 29,173,333 0.75 21,880,000 2,625,446 1,969,085 96,600 3,858,662 2,901,106 15,544 During the year ended December 31, 2021, the Company entered into an agreement with its Executive Chairman to exchange 6,646,667 6,646,667 Warrants In connection with the Regulation A, Tier 2 offerings noted above, the Company engaged StartEngine Primary, LLC (“StartEngine”) to act as its placement agent. For such, StartEngine will receive 7% commissions on proceeds from the offering, and the Company will issue warrants to StartEngine up to a percentage specified within the agreements of the non-voting common stock sold through StartEngine at exercise price consistent with the selling price of the shares in the offering. In December 2020, the Company issued the 1,666,667 0.30 184,000 three years Stock Options On June 4, 2018, the Company’s Board of Directors adopted the Jet Token, Inc. 2018 Stock Option and Grant Plan (the “2018 Plan”). The 2018 Plan provides for the grant of equity awards to employees, and consultants, to purchase shares of the Company’s common stock. As of December 31, 2020, up to 25,000,000 75,000,000 25,000,000 50,000,000 In August 2021, the Company’s Board of Directors adopted the Jet Token Inc. 2021 Stock Plan (the “2021 Plan”). The 2021 plan provides for the grant of equity awards to employees, outside directors, and consultants, including the direct award or sale of shares, stock options, and restricted stock units to purchase shares. As of December 31, 2021, up to 5,000,000 15,000,000 During the year ended December 31, 2021, the Company granted a total of 36,945,357 ten 1,000,000 0.30 0.75 17,495,357 1,450,000 20,048,000 During the year ended December 31, 2022, the Company granted an additional 1,000,000 ten 0.75 522,000 During the year ended December 31, 2022, the Company granted a total of 8,178,000 ten 0.75 1,678,000 4,439,000 A summary of our stock option activity for the years ended December 31, 2022 and 2021, is as follows: Schedule of Option Activity Number of Shares Weighted Weighted Outstanding at December 31, 2020 24,300,000 $ 0.25 - Granted 36,945,357 0.74 - Exercised - - - Expired/Cancelled (50,000 ) - - Outstanding at December 31, 2021 61,195,357 $ 0.54 9.2 Granted 9,178,000 0.75 - Exercised - - - Expired/Cancelled - - - Outstanding at December 31, 2022 70,373,357 $ 0.57 8.3 Exercisable at December 31, 2021 36,521,147 $ 0.50 9.1 Exercisable at December 31, 2022 52,584,463 $ 0.53 8.2 The Company estimates the fair value of stock options that contain service and/or performance conditions using the Black-Scholes option pricing model. The range of input assumptions used by the Company were as follows: Schedule of Estimate the Fair Value of Stock Options 2022 2021 Expected life (years) 6 10 5 10 Risk-free interest rate 1.43% 4.10 % 0.01% 1.43 % Expected volatility 80 % 80 % Annual dividend yield 0 % 0 % The Company recognizes stock option forfeitures as they occur as there is insufficient historical data to accurately determine future forfeitures rates. The risk-free interest rate assumption for options granted is based upon observed interest rates on the United States government securities appropriate for the expected term of the Company’s stock options. The expected term of stock options is calculated using the simplified method which takes into consideration the contractual life and vesting terms of the options. The Company determined the expected volatility assumption for options granted using the historical volatility of comparable public company’s common stock. The Company will continue to monitor peer companies and other relevant factors used to measure expected volatility for future stock option grants, until such time that the Company’s common stock has enough market history to use historical volatility. The dividend yield assumption for options granted is based on the Company’s history and expectation of dividend payouts. The Company has never declared or paid any cash dividends on its common stock, and the Company does not anticipate paying any cash dividends in the foreseeable future. During the years ended December 31, 2022 and 2021, stock-based compensation expense of $ 6,492,653 12,690,373 8,115,000 Restricted Stock Units In August 2021, the Company granted Restricted Stock Units (RSUs) to a contractor. The grant allows the contractor to earn up to 4,813,333

Subsequent Events

Subsequent Events	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Subsequent Events	Note 9— Subsequent Events The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements, except for as disclosed below. On August 10, 2023, the Company completed the Business Combination. Holders of 502,832 1,186,952 11.10 5.58 11.10 To the shareholders and the board of directors of Jet Token, Inc. Opinion on the Financial Statements We have audited the accompanying balance sheets of Jet Token, Inc. (the “Company”) as of December 31, 2022 and 2021, the related statements of operations, stockholders’ equity (deficit), and cash flows for the years then ended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2022 and 2021, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States. Basis for Opinion These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. /s/ BF Borgers CPA BF Borgers CPA PC (PCAOB ID 5041) We have served as the Company’s auditor since 2019 Lakewood, CO February 23, 2023 CONSOLIDATED BALANCE SHEETS FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021 2022 2021 Assets Current assets: Cash and cash equivalents $ 1,527,391 $ 643,494 Other current assets 357,861 79,548 Total current assets 1,885,252 723,042 Property and equipment, net 5,814 7,495 Intangible assets, net 155,009 287,711 Right-of-use asset 2,081,568 - Other assets 762,976 1,122,789 Total assets $ 4,890,619 $ 2,141,037 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable $ 242,933 $ 296,201 Accrued liabilities 951,689 116,113 Deferred revenue 933,361 436,331 Related party advances - 200,196 Lease liability, current portion 494,979 - Line of credit - 194,727 Total current liabilities 2,622,962 1,243,568 Lease liability, net of current portion 1,531,364 - Total liabilities 4,154,326 1,243,568 Commitments and contingencies (Note 5) - - Stockholders’ Equity Series Seed Preferred stock, 10,000,000 0.0000001 683,333 983,333 20,500 29,500 Series CF Non-voting Preferred stock, 25,000,000 18,826,385 704,396 704,396 Preferred Stock, 15,000,000 0.0000001 0 - - Preferred Stock - - Common stock, 300,000,000 0.0000001 78,353,333 78,353,333 8 8 Non-voting Common Stock, 200,000,000 0.0000001 46,089,886 42,169,330 4 4 Common stock 8 8 Subscription receivable (15,544 ) (96,600 ) Additional paid-in capital 26,682,909 19,177,938 Accumulated deficit (26,655,980 ) (18,917,777 ) Total stockholders’ equity 736,293 897,469 Total liabilities and stockholders’ equity $ 4,890,619 $ 2,141,037 See accompanying notes to the consolidated financial statements CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021 2022 2021 Revenues $ 21,862,728 $ 1,112,195 Cost of revenues 19,803,739 1,383,100 Gross profit (loss) 2,058,989 (270,905 ) Operating Expenses: General and administrative (including stock-based compensation of $ 6,492,653 12,690,091 9,230,789 14,879,597 General and administrative expenses 9,230,789 14,879,597 Sales and marketing 426,728 704,724 Research and development 137,278 117,391 Total operating expenses 9,794,795 15,701,712 Operating loss (7,735,806 ) (15,972,617 ) Other (income) expense: Other income (3 ) (207,368 ) Total other (income) expense (3 ) (207,368 ) Loss before provision for income taxes (7,735,803 ) (15,765,249 ) Provision for income taxes 2,400 - Net Loss $ (7,738,203 ) $ (15,765,249 ) Weighted average shares outstanding - basic and diluted 122,747,555 118,503,131 Net loss per share - basic and diluted $ (0.06 ) $ (0.13 ) See accompanying accountants’ review report and notes to financial statements CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021 Shares Amount Shares Amount Shares Amount Shares Amount Receivable Capital Deficit Equity Series Seed Series CF Non-Voting Common Stock Non-voting Subscription Additional Accumulated Total Shares Amount Shares Amount Shares Amount Shares Amount Receivable Capital Deficit Equity Balance at December 31, 2020 983,333 $ 29,500 18,826,385 $ 704,396 85,000,000 $ 9 31,402,755 $ 3 $ (522,966 ) $ 5,743,728 $ (3,152,528 ) $ 2,802,142 Stock option compensation - - - - - - - - - 12,690,373 - 12,690,373 Sale of Non-Voting Common Stock for cash - - - - - - 4,119,908 - (96,600 ) 2,417,424 - 2,320,824 Receipt of subscription receivable - - - - - - - - 522,966 - - 522,966 Offering costs - - - - - - - - - (1,673,587 ) - (1,673,587 ) Share exchange - - - - (6,646,667 ) (1 ) 6,646,667 1 - - - Net loss - - - - - - - - - - (15,765,249 ) (15,765,249 ) Balance at December 31, 2021 983,333 $ 29,500 18,826,385 $ 704,396 78,353,333 $ 8 42,169,330 $ 4 $ (96,600 ) $ 19,177,938 $ (18,917,777 ) $ 897,469 Balance 983,333 $ 29,500 18,826,385 $ 704,396 78,353,333 $ 8 42,169,330 $ 4 $ (96,600 ) $ 19,177,938 $ (18,917,777 ) $ 897,469 Stock option compensation - - - - - - - - - 6,492,653 - 6,492,653 Sale of Non-Voting Common Stock for cash - - - - - - 3,920,556 - (15,544 ) 2,919,704 - 2,904,160 Receipt of subscription receivable - - - - - - - - 96,600 - - 96,600 Offering costs - - - - - - - - - (1,691,386 ) - (1,691,386 ) Preferred share redemption (300,000 ) (9,000 ) - - - - - - - (216,000 ) - (225,000 ) Net loss - - - - - - - - - - (7,738,203 ) (7,738,203 ) Balance at December 31, 2022 683,333 $ 20,500 18,826,385 $ 704,396 78,353,333 $ 8 46,089,886 $ 4 $ (15,544 ) $ 26,682,909 $ (26,655,980 ) $ 736,293 Balance 683,333 $ 20,500 18,826,385 $ 704,396 78,353,333 $ 8 46,089,886 $ 4 $ (15,544 ) $ 26,682,909 $ (26,655,980 ) $ 736,293 See accompanying notes to the consolidated financial statements CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021 2022 2021 CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ (7,738,203 ) $ (15,765,249 ) Adjustments to reconcile net loss to net cash used in operating activities: Amortization and depreciation 134,383 133,608 Amortization of lease financing costs - 1,175 Gain on loan forgiveness - (207,360 ) Stock-based compensation 6,492,653 12,690,373 Non-cash operating lease costs 494,468 - Changes in operating assets and liabilities: Accounts receivable - 400 Other current assets (278,313 ) (28,980 ) Accounts payable (53,268 ) 15,643 Accrued liabilities 835,576 111,480 Deferred revenue 497,030 436,331 Lease liability (480,368 ) - Net cash used in operating activities (96,042 ) (2,612,579 ) CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment - (8,407 ) Purchase of intangible assets - (97,978 ) Return of aircraft deposit 1,093,600 - Deposits and other assets (803,112 ) (439,750 ) Net cash provided by (used in) investing activities 290,488 (546,135 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds - related party advances 42,000 200,196 Repayments - related party advances (242,196 ) - Proceeds - notes payable - 86,360 Payments on line of credit (194,727 ) (257,308 ) Offering costs (1,691,386 ) (1,221,552 ) Payment of lease financing costs - (70,500 ) Preferred share redemption (225,000 ) - Proceeds from sale of Non-Voting Common Stock 3,000,760 2,843,790 Net cash provided by financing activities 689,451 1,580,986 Increase (decrease) in cash and cash equivalents 883,897 (1,577,728 ) Cash and cash equivalents, beginning of year 643,494 2,221,222 Cash and cash equivalents, end of year $ 1,527,391 $ 643,494 Supplemental disclosures of cash flow information: Cash paid for interest $ - $ - Cash paid for income taxes $ 2,400 $ - Non cash investing and financing activities: Subscription receivable from sale of Non-Voting Common Stock $ 15,544 $ 96,600 Line of credit issued for offering expenses paid on behalf of the Company $ - $ 452,035 Application of equipment deposit to aircraft maintenance reserve account $ - $ 250,000 Operating lease, Right-of-use assets and liabilities $ 2,506,711 $ - See accompanying notes to the consolidated financial statements NOTES TO CONSOLIDATED FINANCIAL STATEMENTS	Note 9— Subsequent Events The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements. CONDENSED BALANCE SHEETS June 30, December 31, 2023 2022 (unaudited) Assets Current assets Cash $ 19,879 $ 211,718 Accrued interest, prepaid expenses and other receivables 36,504 3,593 Marketable securities held in Trust Account 13,125,461 12,834,629 Total Assets $ 13,181,844 $ 13,049,940 Liabilities and Shareholders’ Equity Current liabilities Due to affiliates $ - $ 3,861 Accrued expenses 410,825 97,981 Promissory note payable 575,000 575,000 Deferred underwriting commissions 4,025,000 4,025,000 Derivative warrant liabilities 575,739 369,902 Total liabilities 5,586,564 5,071,744 Commitments and Contingencies - - Class A ordinary shares; 1,186,952 13,125,461 12,834,629 Shareholders’ Deficit: Preference shares, $ 0.0001 4,000,000 none - - Class A ordinary shares, $ 0.0001 400,000,000 115,000 1,186,952 - - Class B ordinary shares, $ 0.0001 40,000,000 2,875,000 288 288 Common stock Accumulated Deficit (5,530,469 ) (4,856,721 ) Total shareholders’ deficit (5,530,181 ) (4,856,433 ) Total Liabilities, Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit $ 13,181,844 $ 13,049,940 The accompanying notes are an integral part of these unaudited condensed financial statements. CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) 2023 2022 2023 2022 Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Expenses General and administrative expenses $ (105,915 ) $ (73,811 ) $ (469,569 ) $ (129,970 ) Loss from operations (105,915 ) (73,811 ) (469,569 ) (129,970 ) Change in fair value of warrant liabilities 183,282 (428,067 ) (205,837 ) 2,992,573 Other income Other interest income 312 377 1,658 598 Income earned on marketable securities held in trust account 154,650 - 290,832 - Net income (loss) $ 232,329 $ (501,501 ) $ (382,916 ) $ 2,863,201 Earnings (loss) per share: Basic weighted average shares outstanding 4,176,952 14,490,000 4,176,952 14,490,000 Diluted weighted average shares outstanding 4,176,952 14,490,000 4,176,952 14,490,000 Basic and diluted net earnings (loss) per ordinary share $ 0.06 $ (0.035 ) $ (0.09 ) $ 0.198 The accompanying notes are an integral part of these unaudited condensed financial statements. CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT FOR THE SIX MONTHS ENDED JUNE 30, 2023 AND 2022 (UNAUDITED) Shares Amount Shares Amount Capital Deficit Deficit Ordinary Shares Additional Total Class A Class B Paid-in Accumulated Shareholders’ Shares Amount Shares Amount Capital Deficit Deficit Balance - December 31, 2021 115,000 $ - 2,875,000 $ 288 $ - $ (10,498,112 ) $ (10,497,824 ) Net income - - - - - 3,364,702 3,364,702 Balance - March 31, 2022 115,000 $ - 2,875,000 $ 288 $ - $ (7,133,410 ) $ (7,133,122 ) Net loss - - - - - (501,501 ) (501,501 ) Balance - June 30, 2022 115,000 $ - 2,875,000 $ 288 $ - $ (7,634,911 ) $ (7,634,623 ) Balance - December 31, 2022 115,000 $ - 2,875,000 $ 288 $ - $ (4,856,721 ) $ (4,856,433 ) Accretion for Class A Ordinary Shares to redemption amount - - - - - (136,182 ) (136,182 ) Net loss - - - - - (615,245 ) (615,245 ) Balance - March 31, 2023 115,000 $ - 2,875,000 $ 288 $ - $ (5,608,148 ) $ (5,607,860 ) Balance 115,000 $ - 2,875,000 $ 288 $ - $ (5,608,148 ) $ (5,607,860 ) Change in Class A Ordinary shares subject to possible redemption - - - - - (154,650 ) (154,650 ) Net income - - - - 232,329 232,329 Net income (loss) - - - - 232,329 232,329 Balance - June 30, 2023 115,000 $ - 2,875,000 $ 288 $ - $ (5,530,469 ) $ (5,530,181 ) Balance 115,000 $ - 2,875,000 $ 288 $ - $ (5,530,469 ) $ (5,530,181 ) The accompanying notes are an integral part of these unaudited condensed financial statements. CONDENSED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2023 AND 2022 (UNAUDITED) Six Months Six Months ended ended June 30, 2023 June 30, 2022 Cash flows from Operating Activities: Net (loss) income $ (382,916 ) 2,863,201 Adjustments to reconcile net (loss) income to cash used in operating activities Change in fair value of warrant liabilities 205,837 (2,992,573 ) Income earned on marketable securities held in Trust Account (290,832 ) - Changes in operating assets and liabilities: Accrued interest, prepaid expenses and other receivables (32,911 ) (62,200 ) Due to affiliates (3,861 ) - Accrued expenses 312,844 (3,856 ) Net cash used in operating activities $ (191,839 ) (195,428 ) Net Change in Cash (191,839 ) (195,428 ) Cash– Beginning of period 211,718 614,395 Cash– Ending of period $ 19,879 418,967 Supplemental disclosure of non-cashflow information Accretion for Class A ordinary shares to redemption amount $ 290,832 - The accompanying notes are an integral part of these unaudited condensed financial statements. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited)
Jet Token, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
Subsequent Events	NOTE 8 – SUBSEQUENT EVENTS Subsequent Events The Company has evaluated subsequent events that occurred after June 30, 2023 through August 21, 2023, the date of these consolidated financial statements were available to be issued. Business Combination Agreement On August 10, 2023 (the “Closing Date”), Jet.AI Inc., a Delaware corporation (f/k/a Oxbridge Acquisition Corp.) (“Jet.AI”), consummated the previously announced transaction (the “Business Combination”) pursuant to that certain Business Combination Agreement and Plan of Reorganization, dated February 24, 2023, as amended by Amendment No. 1 to the Business Combination Agreement, dated as of May 11, 2023 (the “Business Combination Agreement”), by and among the Company, OXAC Merger Sub I, Inc., a Delaware corporation and a direct, wholly-owned subsidiary of the Company (“First Merger Sub”), Summerlin Aviation LLC (f/k/a OXAC Merger Sub II, LLC), a Delaware limited liability company and a direct, wholly-owned subsidiary of the Company (“Second Merger Sub” and, together with First Merger Sub, the “Merger Subs”), and Jet Token Inc., a Delaware corporation (“Jet Token”). Terms used shall have the meaning given to such terms in the final prospectus and definitive proxy statement, dated July 28, 2023 and filed with the Securities and Exchange Commission (the “Commission”) on July 28, 2023 (the “Proxy Statement”) in the section entitled “Certain Defined Terms” beginning on page 2 thereof, and such definitions are incorporated herein by reference. On August 10, 2023, as contemplated by the Business Combination Agreement and described in the section titled “The Domestication Proposal” beginning on page 145 of the Proxy Statement, the Company filed a notice of deregistration with the Cayman Islands Registrar of Companies, together with the necessary accompanying documents, and filed a certificate of incorporation and a certificate of corporate domestication with the Secretary of State of the State of Delaware, under which the Company was domesticated and continues as a Delaware corporation (the “Domestication”). On August 10, 2023, as a result of the Business Combination and the other transactions contemplated by the Business Combination Agreement, following the consummation of the Domestication (a) First Merger Sub merged with and into Jet Token, with Jet Token surviving the merger as a wholly-owned subsidiary of the Company (the “First Merger”) and (b) after the effectiveness of the First Merger, Jet Token merged with and into Second Merger Sub, with Second Merger Sub surviving the merger as a wholly-owned subsidiary of the Company (the “Second Merger”). Following the closing of the Business Combination, the Company owns, directly or indirectly, all of the issued and outstanding equity interests in the Second Merger Sub and its subsidiaries, and the stockholders of Jet Token as of immediately prior to the effective time of the First Merger (the “Jet Token Stockholders”) hold a portion of the Company’s common stock, par value $ 0.0001 As a result of and upon the effective time of the Domestication: (a) each then issued and outstanding Class A Ordinary Share of Oxbridge was converted automatically, on a one-for-one basis, into a share of Jet.AI Common Stock; (b) each then issued and outstanding Class B Ordinary Share of Oxbridge was converted automatically, on a one-for-one basis, into a share of Jet.AI Common Stock; (c) each then issued and outstanding Oxbridge Warrant was converted automatically into a warrant to purchase one share of Jet.AI Common Stock pursuant to the Warrant Agreement (“Jet.AI Warrant”); and (d) each then issued and outstanding Oxbridge Unit was converted automatically into a Jet.AI Unit, each consisting of one share of Jet.AI Common Stock and one Jet.AI Warrant. At the effective time of the Business Combination (the “Effective Time”), (i) each outstanding share of Jet Token Common Stock, including each share of Jet Token Preferred Stock that was converted into shares of Jet Token Common Stock immediately prior to the Effective Time, was cancelled and automatically converted into the right to receive (x) the number of shares of Jet.AI Common Stock equal to the Stock Exchange Ratio of 0.03094529 0.04924242 As a result of the business combination, all outstanding equity awards were exchanged for equity awards for equity of the new parent company based upon exchange ratios and pricing agreed upon within the Acquisition Agreement. In connection with the consummation of the Business Combination (the “Closing”), the registrant changed its name from Oxbridge Acquisition Corp. to Jet.AI Inc.	NOTE 8 – SUBSEQUENT EVENTS Subsequent Events Subsequent to December 31, 2022, the Company issued an additional approximately 2 0.75 1.5 Subsequent to December 31, 2022, the Company granted a total of 2,000,000 0.75 10 Subsequent to December 31, 2022, the Company formed a 50/50 joint venture subsidiary with Great Western Air LLC dba Cirrus Aviation Services, 380 Software LLC, a Nevada limited liability company. To date, there have been no operations or financial activity. The Company has evaluated subsequent events that occurred after December 31, 2022 through February 23, 2023, the date of these consolidated financial statements were available to be issued, and noted no additional events requiring recognition for disclosure.

Other Assets

Other Assets	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Jet Token, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
Other Assets	NOTE 3 – OTHER ASSETS Other Assets Other assets consisted of the following: Schedule of Other Assets June 30, 2023 December 31, 2022 Deposits $ 58,361 $ 73,226 Lease Maintenance Reserve 689,750 689,750 Total Other Assets $ 748,111 $ 762,976 During 2020, the Company entered and executed an Aircraft purchase agreement with certain terms and conditions under which it made two payments in the amounts of $ 450,000 150,000 250,000 250,000 The Company also entered and executed an Aircraft management and charter service agreement. The Company made an operating deposit of $ 50,000 50,000	NOTE 3 – OTHER ASSETS Other Assets Other assets consisted of the following: Schedule of Other Assets 2022 2021 Aircraft Deposit $ - $ 350,000 Deposits 73,226 13,714 Lease Maintenance Reserve 689,750 689,750 Lease Financing Costs - 69,325 Total Other Assets $ 762,976 $ 1,122,789 During 2020, the Company entered and executed an Aircraft purchase agreement with certain terms and conditions under which it made two payments in the amounts of $ 450,000 150,000 250,000 250,000 The Company also entered and executed an Aircraft management and charter service agreement. The Company made an operating deposit of $ 50,000 50,000

Note Payable

Note Payable	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Jet Token, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
Note Payable	NOTE 4 – NOTE PAYABLE Note Payable In May 2020, the Company received a loan in the amount of $ 121,000 Subject to the terms of the Note, the PPP Loan bore interest at a fixed rate of one percent ( 1 On February 2021, the Company received a loan in the amount of $ 86,360 Subject to the terms of the Note, the PPP Loan bore interest at a fixed rate of one percent ( 1 In July 2021, the Company entered into a loan agreement with StartEngine Primary, LLC, a service provider of the Company. The agreement allows for advances up to an aggregate amount of $ 500,000 452,000 194,727	NOTE 4 – NOTE PAYABLE Note Payable In May 2020, the Company received a loan in the amount of $ 121,000 1% On February 2021, the Company received a loan in the amount of $ 86,360 1% In July 2021, the Company entered into a loan agreement with StartEngine Primary, LLC, a service provider of the Company. The agreement allows for advances up to an aggregate amount of $ 500,000 452,000 194,727

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented. The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s Form S-1 which contains the initial audited financial statements and notes thereto for the period from April 12, 2021 (inception) to April 16, 2021 as filed with the SEC on July 19, 2021, the Form 10-K’s as filed with the SEC on March 30, 2022 and February 22, 2023, and the Form S-4 filed on July 26, 2023. The interim results for the three and six-month period ended June 30, 2023 are not necessarily indicative of the results to be expected for the year ending December 31, 2023 or for any future interim periods.	Basis of Presentation The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for financial information and in accordance with the instructions to Form 10-K and Article 8 of Regulation S-X of the SEC.
Going Concern and Management Plans		Going Concern In connection with the Company’s assessment of going concern considerations in accordance GAAP, management has determined that if the Company is unable to raise additional funds to alleviate liquidity needs as well as complete a Business Combination by August 16, 2023, then the Company will cease all operations except for the purpose of liquidating. The liquidity condition and date for mandatory liquidation and subsequent dissolution raise substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after August 16, 2023. Management’s plans to address this need for capital through potential loans from certain of our affiliates. However, our affiliates are not obligated to make loans to us in the future, and we may not be able to raise additional financing from unaffiliated parties necessary to fund our expenses.
Emerging Growth Company	Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited) Note 2—Summary of Significant Accounting Policies (continued) Further, Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”) exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statement with another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.	Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”) exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statement with another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. OXBRIDGE ACQUISITION CORP. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022 Note 2—Summary of Significant Accounting Policies (continued)
Use of Estimates	Use of Estimates The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement and the reported amounts of expenses during the reporting period. Making estimates requires management to exercise significant judgement. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates. Material estimate that is particularly susceptible to significant change in the near-term relate to the fair value of the derivative warrant liabilities. Although considerable variability is likely to be inherent in this estimate, management believes that the amounts provided are reasonable. This estimate is continually reviewed and adjusted if necessary. Such adjustment is reflected in current operations.	Use of Estimates The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement and the reported amounts of expenses during the reporting period. Making estimates requires management to exercise significant judgement. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates. A material estimate that is particularly susceptible to significant change in the near-term relates to the fair value of the derivative warrant liabilities. Although considerable variability is likely to be inherent in this estimate, management believes that the amounts provided are reasonable. This estimate is continually reviewed and adjusted if necessary. Such adjustment is reflected in current operations.
Cash and Cash Equivalents	Cash and cash equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. As of June 30, 2023, the Company had approximately $ 20,000	Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. As of December 31, 2022, the Company had approximately $ 212,000
Marketable Securities Held in Trust Account	Marketable Securities Held in Trust Account At June 30, 2023, substantially all of the assets held in the Trust Account were held in money market funds which are invested primarily in U.S. Treasury securities. All of the Company’s investments held in the Trust Account are classified as trading securities. Trading securities are presented on the condensed balance sheets at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of investments held in Trust Account as well as interest and dividends are included in income earned on marketable securities held in Trust Account in the accompanying condensed statements of operations. The estimated fair values of investments held in Trust Account are determined using available market information. OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited) Note 2—Summary of Significant Accounting Policies (continued)	Marketable Securities Held in Trust Account At December 31, 2022, substantially all of the assets held in the Trust Account were held in money market funds which are invested primarily in U.S. Treasury securities. All of the Company’s investments held in the Trust Account are classified as trading securities. Trading securities are presented on the balance sheets at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of investments held in Trust Account are included in interest earned on marketable securities held in Trust Account in the accompanying statements of operations. The estimated fair values of investments held in Trust Account are determined using available market information.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which exceeds the Federal Depository Insurance Corporation coverage of $ 250,000	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Company coverage of $ 250,000
Financial Instruments	Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under the FASB ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the balance sheet due to their short-term nature.	Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under the FASB ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the balance sheet due to their short-term nature.
Fair Value of Financial Instruments	Fair value measurements Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement. The following is a description of the valuation methodologies used for assets and liabilities measured at fair value:	Fair Value Measurements Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable OXBRIDGE ACQUISITION CORP. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022 Note 2—Summary of Significant Accounting Policies (continued) In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement.
Derivative financial instruments	Derivative financial instruments The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including issued stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to ASC 480 and ASC 815, “Derivatives and Hedging” (“ASC 815”). The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, will be re-assessed at the end of each reporting period. Derivative warrant liabilities will be classified as non-current liabilities as their liquidation is not reasonably expected to require the use of current assets or require the creation of current liabilities. The 17,260,000 11,500,000 5,760,000	Derivative financial instruments The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including issued stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to ASC 480 and ASC 815, “Derivatives and Hedging” (“ASC 815”). The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, will be re-assessed at the end of each reporting period. Derivative warrant liabilities will be classified as non-current liabilities as their liquidation is not reasonably expected to require the use of current assets or require the creation of current liabilities. The 17,260,000 11,500,000 5,760,000
Class A Ordinary Shares Subject to Possible Redemption	Class A Ordinary Shares Subject to Possible Redemption As of June 30, 2023, there were 1,301,952 1,186,952 OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited) Note 2—Summary of Significant Accounting Policies (continued)	Class A Ordinary Shares Subject to Possible Redemption As of December 31, 2022, there were 1,301,952 1,186,952
Loss per Common Share	Earnings (loss) Per Ordinary Share The Company complies with accounting and disclosure requirements of FASB ASC 260, “Earnings Per Share”. Earnings (loss) per ordinary share is computed by dividing earnings (loss) by the weighted average number of ordinary shares outstanding during the period. The Company has two classes of ordinary shares, Class A ordinary shares and Class B ordinary shares. Income and losses are shared pro rata between the two classes of shares. This presentation contemplates a Business Combination as the most likely outcome, in which case, both classes of shares share pro rata in the income/loss of the Company. Accretion associated with the redeemable shares of Class A ordinary shares is excluded from earnings per share as the redemption value approximates fair value. At June 30, 2023 and 2022, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings (loss) of the Company. As a result of the net loss for the six months ending June 30, 2023 and the three months ending June 30, 2022, any potentially dilutive securities would be considered anti-dilutive. As a result, diluted loss per share is the same as basic loss per share for these periods. As a result of the exercise price exceeding the average market price of the Company’s ordinary shares during the three month period ended June 30, 2023 and the six-month period ended June 30, 2022, diluted earnings per share is the same as basic earnings per share for these periods. The following table reflects the calculation of basic and diluted net earnings (loss) per share (in dollars, except per share amounts): Schedule of Basic and Diluted Net Loss Per Share Class A Class B Class A Class B Class A Class B Class A Class B For Three Months Ended For Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Class A Class B Class A Class B Class A Class B Class A Class B Basic and diluted earnings (loss) per ordinary share Numerator: Allocation of net earnings (loss) $ 72,417 $ 159,912 (401,997 ) $ (99,504 ) $ (119,355 ) $ (263,561 ) $ 2,295,106 $ 568,095 Denominator: Basic and diluted weighted average shares outstanding 1,301,952 2,875,000 11,615,000 2,875,000 1,301,952 2,875,000 11,615,000 2,875,000 Basic and diluted net earnings (loss) $ 0.056 $ 0.056 (0.035 ) $ (0.035 ) (0.092 ) $ (0.092 ) $ 0.198 $ 0.198 OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited) Note 2—Summary of Significant Accounting Policies (continued)	Earnings (Loss) Per Ordinary Share The Company complies with accounting and disclosure requirements of FASB ASC 260, “Earnings Per Share”. Earnings (Loss) per ordinary share is computed by dividing earnings (loss) by the weighted average number of ordinary shares outstanding during the period. The Company has two classes of ordinary shares, Class A ordinary shares and Class B ordinary shares. Income and losses are shared pro rata between the two classes of shares. This presentation contemplates a Business Combination as the most likely outcome, in which case, both classes of shares share pro rata in the income/loss of the Company. Accretion associated with the redeemable Class A ordinary shares is excluded from earnings per share as the redemption value approximates fair value. At December 31, 2022, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company due to the exercise price exceeding the average market price of the Company’s ordinary share during the year ended December 31, 2022. As a result, diluted earnings per share is the same as basic earnings per share for the year ended December 31, 2022. At December 31, 2021, due to net loss the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the loss of the Company. As a result, diluted loss per share is the same as basic loss per share for the period ended December 31, 2021. The following table reflects the calculation of basic and diluted net earnings (loss) per share (in dollars, except per share amounts): Schedule of Basic and Diluted Net Loss Per Share For the Year Ended December 31, 2022 For the Period from April 12, 2021 (Inception) Through December 31, 2021 (as restated) Class A Class B Class A Class B Basic and diluted earnings (loss) per ordinary share Numerator: Allocation of net earnings (loss) $ 5,605,148 $ 1,570,832 $ (2,839,120 ) $ (702,753 ) Denominator: Basic and diluted weighted average shares outstanding 10,258,764 2,875,000 11,615,000 2,875,000 Basic weighted average shares outstanding 10,258,764 2,875,000 11,615,000 2,875,000 Basic and diluted net earnings (loss) per ordinary share $ 0.546 $ 0.546 $ (0.244 ) $ (0.244 ) Basic net earnings (loss) per ordinary share $ 0.546 $ 0.546 $ (0.244 ) $ (0.244 ) OXBRIDGE ACQUISITION CORP. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022 Note 2—Summary of Significant Accounting Policies (continued)
Income Taxes	Income Taxes The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company’s management determined that the Cayman Islands is the Company’s major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of June 30, 2023, there were no unrecognized tax benefits and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. The Company is considered to be an exempted Cayman Islands company with no connection to any other taxable jurisdiction and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company’s tax provision was zero for the period presented.	Income Taxes The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company’s management determined that the Cayman Islands is the Company’s major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of December 31, 2022 and 2021, there were no unrecognized tax benefits and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. The Company is considered to be an exempted Cayman Islands company with no connection to any other taxable jurisdiction and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company’s tax provision was zero for the period presented.
New Accounting Standards	Recent Accounting Pronouncements Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements.	Recent Accounting Pronouncements Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements.
Reclassifications		Reclassifications Any reclassifications of prior year amounts have been made to conform to the current period presentation.
Offering Costs	Offering Costs The Company accounts for offering costs in accordance with the requirements of ASC 340-10-S99-1. Offering costs consist of legal, accounting, underwriting fees and other costs that are directly related to the IPO. Offering costs associated with warrant liabilities are expensed, and offering costs associated with the Class A ordinary shares are recorded to shareholders’ deficit as a reduction of cash proceeds.
Money Market Funds	Money Market Funds Valued at the daily closing price as reported by the fund. Money market funds held by the Company are open-end funds that are registered with the Securities and Exchange Commission. These funds are required to publish their daily net asset value (“NAV”) and to transact at the price. The funds are deemed to be actively traded. OXBRIDGE ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited) Note 2—Summary of Significant Accounting Policies (continued)
Derivative Warrant Liabilities	Derivative Warrant Liabilities The fair value of the Private Placement Warrants is based on the Black Scholes option pricing model utilizing various assumptions based on management’s judgment. Significant deviations from management’s estimates and inputs could result in a material change in fair value. As such, the fair value of the Private Placement Warrants is classified as Level 3. The fair value of the Public Warrants is classified as Level 1 due to the use of an observable market price in an active market. There have been no changes in the methodologies used at June 30, 2023 or December 31, 2022. See Note 7 for additional information on assets and liabilities measured at fair value.
Jet Token, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
Basis of Presentation	Basis of Presentation The accounting and reporting policies of the Company conform with generally accepted accounting principles in the United States (“GAAP”).	Basis of Presentation The accounting and reporting policies of the Company conform with generally accepted accounting principles in the United States (“GAAP”).
Going Concern and Management Plans	Going Concern and Management Plans The Company has limited operating history and has incurred losses from operations since Inception. These matters raise concern about the Company’s ability to continue as a going concern. The Company began ramping up its revenue-generating activities during the second half of the year ended December 31, 2021 and continuing into 2022 and 2023. During the next twelve months, the Company intends to fund its operations with capital from its operations, prior and its most recent Regulation A campaign and prospectively, additional equity offerings. The Company also has the ability to reduce cash burn to preserve capital. There are no assurances, however, that management will be able to raise capital on terms acceptable to the Company. If the Company is unable to obtain sufficient amounts of additional capital, the Company may be required to reduce the near-term scope of its planned development and operations, which could delay implementation of the Company’s business Plan and harm its business, financial condition and operating results. The balance sheets do not include any adjustments that might result from these uncertainties.	Going Concern and Management Plans The Company has limited operating history and has incurred losses from operations since Inception. These matters raise concern about the Company’s ability to continue as a going concern. The Company began ramping up its revenue-generating activities during the second half of the year ended December 31, 2021 and continuing into 2022. During the next twelve months, the Company intends to fund its operations with capital from its operations, prior and its most recent Regulation A campaign and prospectively, additional equity offerings. The Company also has the ability to reduce cash burn to preserve capital. There are no assurances, however, that management will be able to raise capital on terms acceptable to the Company. If the Company is unable to obtain sufficient amounts of additional capital, the Company may be required to reduce the near-term scope of its planned development and operations, which could delay implementation of the Company’s business Plan and harm its business, financial condition and operating results. The balance sheets do not include any adjustments that might result from these uncertainties.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, and the reported amount of revenues and expenses during the reporting period. Actual results could materially differ from these estimates. It is reasonably possible that changes in estimates will occur in the near term.	Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, and the reported amount of revenues and expenses during the reporting period. Actual results could materially differ from these estimates. It is reasonably possible that changes in estimates will occur in the near term.
Cash and Cash Equivalents	Cash and Cash Equivalents For purpose of the consolidated statement of cash flows, the Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents.	Cash and Cash Equivalents For purpose of the consolidated statement of cash flows, the Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents.
Concentration of Credit Risk	Concentration of Credit Risk The Company maintains its cash with several major financial institutions located in the United States of America which it believes to be creditworthy. Balances are insured by the Federal Deposit Insurance Corporation up to $ 250,000	Concentration of Credit Risk The Company maintains its cash with several major financial institutions located in the United States of America which it believes to be creditworthy. Balances are insured by the Federal Deposit Insurance Corporation up to $ 250,000
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants as of the measurement date. Applicable accounting guidance provides an established hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the factors that market participants would use in valuing the asset or liability. There are three levels of inputs that may be used to measure fair value: Level 1 - Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 - Include other inputs that are directly or indirectly observable in the marketplace. Level 3 - Unobservable inputs which are supported by little or no market activity. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company does not have any financial instruments as of June 30, 2023.	Fair Value of Financial Instruments Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants as of the measurement date. Applicable accounting guidance provides an established hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the factors that market participants would use in valuing the asset or liability. There are three levels of inputs that may be used to measure fair value: Level 1 - Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 - Include other inputs that are directly or indirectly observable in the marketplace. Level 3 - Unobservable inputs which are supported by little or no market activity. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company does not have any financial instruments as of December 31, 2022 and 2021.
Loss per Common Share	Loss per Common Share The Company presents basic loss per share (“EPS”) and diluted EPS on the face of the consolidated statements of operations. Basic loss per share is computed as net loss divided by the weighted average number of common shares outstanding for the period. For periods in which the Company incurs a net loss, the effects of potentially dilutive securities would be antidilutive and would be excluded from diluted EPS calculations. For the six months ended June 30, 2023 and 2022, there were 72,573,357 66,823,357 1,666,667 1,666,667 19,496,335 19,809,718	Loss per Common Share The Company presents basic loss per share (“EPS”) and diluted EPS on the face of the consolidated statements of operations. Basic loss per share is computed as net loss divided by the weighted average number of common shares outstanding for the period. For periods in which we incur a net loss, the effects of potentially dilutive securities would be antidilutive and would be excluded from diluted EPS calculations. For the years ended December 31, 2022 and 2021, there were 70,373,357 61,195,357 1,666,667 1,666,667 19,509,718 19,809,718
Income Taxes	Income Taxes The Company applies ASC 740 Income Taxes (“ASC 740”). Deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial statement reported amounts at each period end, based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The provision for income taxes represents the tax expense for the period, if any and the change during the period in deferred tax assets and liabilities. ASC 740 also provides criteria for the recognition, measurement, presentation and disclosure of uncertain tax positions. A tax benefit from an uncertain position is recognized only if it is “more likely than not” that the position is sustainable upon examination by the relevant taxing authority based on its technical merit. On March 27, 2020, the United States enacted the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The Cares Act includes provisions relating to refundable payroll tax credits, deferment of the employer portion of certain payroll taxes, net operating loss carryback periods, alternative minimum tax credit refunds, modifications to the net interest deduction limitations and technical corrections to tax depreciation methods for qualified improvement property. The CARES Act retroactively suspends the 80% income limitation on use of NOL carryovers for taxable years beginning before January 1, 2021, and allows 100% of any such taxable income to be offset by the amount of such NOL carryforward. This 80% income limitation is reinstated (with slight modifications) for tax years beginning after December 31, 2021. The Company is subject to tax in the United States (“U.S.”) and files tax returns in the U.S. Federal jurisdiction and Nevada state jurisdiction. The Company is subject to U.S. Federal, state, and local income tax examinations by tax authorities for all periods since Inception. The Company currently is not under examination by any tax authority.	Income Taxes The Company applies ASC 740 Income Taxes (“ASC 740”). Deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial statement reported amounts at each period end, based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The provision for income taxes represents the tax expense for the period, if any and the change during the period in deferred tax assets and liabilities. ASC 740 also provides criteria for the recognition, measurement, presentation and disclosure of uncertain tax positions. A tax benefit from an uncertain position is recognized only if it is “more likely than not” that the position is sustainable upon examination by the relevant taxing authority based on its technical merit. On March 27, 2020, the United States enacted the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The Cares Act includes provisions relating to refundable payroll tax credits, deferment of the employer portion of certain payroll taxes, net operating loss carryback periods, alternative minimum tax credit refunds, modifications to the net interest deduction limitations and technical corrections to tax depreciation methods for qualified improvement property. The CARES Act retroactively suspends the 80% income limitation on use of NOL carryovers for taxable years beginning before January 1, 2021, and allows 100% of any such taxable income to be offset by the amount of such NOL carryforward. This 80% income limitation is reinstated (with slight modifications) for tax years beginning after December 31, 2021 As of December 31, 2022 and 2021, the Company had deferred tax assets of approximately $ 1,465,000 1,213,000 6,980,000 5,778,000 260,000 694,000 The Company is subject to tax in the United States (“U.S.”) and files tax returns in the U.S. Federal jurisdiction and Nevada state jurisdiction. The Company is subject to U.S. Federal, state, and local income tax examinations by tax authorities for all periods since Inception. The Company currently is not under examination by any tax authority.
New Accounting Standards	New Accounting Standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842), specifying the accounting for leases, which supersedes the leases requirements in Topic 840, Leases. The objective of Topic 842 is to establish the principles that lessees and lessors shall apply to report useful information to users of financial statements about the amount, timing, and uncertainty of cash flows arising from a lease. Lessees are permitted to make an accounting policy election to not recognize the asset and liability for leases with a term of twelve months or less. Lessors’ accounting is largely unchanged from the previous accounting standard. In addition, Topic 842 expands the disclosure requirements of lease arrangements. Lessees and lessors will use a modified retrospective transition approach, which includes several practical expedients. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021, with early adoption permitted. The Company adopted the provisions of the new standard starting January 1, 2022 using the modified retrospective approach. As a result, the comparative financial information prior to the date of adoption has not been updated and continue to be reported under the accounting standards in effect for those periods. The adoption of ASC 842 resulted in the recognition of operating lease ROU assets and lease liabilities for operating leases of $ 2,506,711 The FASB issues ASUs to amend the authoritative literature in ASC. There have been several ASUs to date, including those above, that amend the original text of ASC. Management believes that those issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to us or (iv) are not expected to have a significant impact on the Company’s consolidated financial statements.	New Accounting Standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842), specifying the accounting for leases, which supersedes the leases requirements in Topic 840, Leases. The objective of Topic 842 is to establish the principles that lessees and lessors shall apply to report useful information to users of financial statements about the amount, timing, and uncertainty of cash flows arising from a lease. Lessees are permitted to make an accounting policy election to not recognize the asset and liability for leases with a term of twelve months or less. Lessors’ accounting is largely unchanged from the previous accounting standard. In addition, Topic 842 expands the disclosure requirements of lease arrangements. Lessees and lessors will use a modified retrospective transition approach, which includes several practical expedients. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021, with early adoption permitted. The Company adopted the provisions of the new standard starting January 1, 2022 using the modified retrospective approach. As a result, the comparative financial information prior to the date of adoption has not been updated and continue to be reported under the accounting standards in effect for those periods. The adoption of ASC 842 resulted in the recognition of operating lease ROU assets and lease liabilities for operating leases of $ 2,506,711 The FASB issues ASUs to amend the authoritative literature in ASC. There have been several ASUs to date, including those above, that amend the original text of ASC. Management believes that those issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to us or (iv) are not expected to have a significant impact our consolidated financial statements.
Offering Costs	Offering Costs The Company complies with the requirements of Financial Accounting Standards Board (“FASB”), Accounting Standards Codification (“ASC”) 340 with regards to offering costs. Prior to the completion of an offering, offering costs will be capitalized as deferred offering costs on the consolidated balance sheet. The deferred offering costs will be charged to stockholders’ equity upon the completion of an offering or to expense if the offering is not completed.	Offering Costs The Company complies with the requirements of Financial Accounting Standards Board (“FASB”), Accounting Standards Codification (“ASC”) 340 with regards to offering costs. Prior to the completion of an offering, offering costs will be capitalized as deferred offering costs on the consolidated balance sheet. The deferred offering costs will be charged to stockholders’ equity upon the completion of an offering or to expense if the offering is not completed.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of Jet Token Inc. and its wholly owned subsidiaries, Jet Token Software Inc., Jet Token Management Inc., Galilee LLC, Galilee 1 SPV LLC, Galilee II SPV LLC and Galilee III SPV LLC. All intercompany accounts and transactions have been eliminated in consolidation.	Principles of Consolidation The accompanying consolidated financial statements include the accounts of Jet Token Inc. and its wholly owned subsidiaries, Jet Token Software Inc., Jet Token Management Inc., Galilee LLC, Galilee 1 SPV LLC, Galilee II SPV LLC and Galilee III SPV LLC. All intercompany accounts and transactions have been eliminated in consolidation.
Risks and Uncertainties	Risks and Uncertainties The Company has a limited operating history and has only recently begun generating revenue from intended operations. The Company’s business and operations are sensitive to general business and economic conditions in the U.S. and worldwide along with local, state, and federal governmental policy decisions. A host of factors beyond the Company’s control could cause fluctuations in these conditions. Adverse conditions may include but are not limited to: changes in the airline industry, fuel and operating costs, changes to corporate governance best practices for executive flying, general demand for private jet travel, market acceptance of the Company’s business model and COVID-19 issues more fully described below. These adverse conditions could affect the Company’s financial condition and the results of its operations. On January 30, 2020, the World Health Organization declared the COVID-19 coronavirus outbreak a “Public Health Emergency of International Concern” and on March 10, 2020, declared it to be a pandemic. Actions taken around the world to help mitigate the spread of the coronavirus include restrictions on travel, and quarantines in certain areas, and forced closures for certain types of public places and businesses. The COVID-19 coronavirus and actions taken to mitigate it have had and are expected to continue to have an adverse impact on the economies and financial markets of many countries, including the geographical area in which the Company operates. While it is unknown how long these conditions will last and what the complete financial effect will be to the Company, it is known that the travel industry in which we operate has been severely impacted. The Company is monitoring the situation and exploring opportunities in regard to travel behavior for when travel restrictions ease.	Risks and Uncertainties The Company has a limited operating history and has only recently begun generating revenue from intended operations. The Company’s business and operations are sensitive to general business and economic conditions in the U.S. and worldwide along with local, state, and federal governmental policy decisions. A host of factors beyond the Company’s control could cause fluctuations in these conditions. Adverse conditions may include but are not limited to: changes in the airline industry, blockchain asset regulations by authorities, fuel and operating costs, changes to corporate governance best practices for executive flying, general demand for private jet travel, market acceptance of the Company’s business model and COVID-19 issues more fully described below. These adverse conditions could affect the Company’s financial condition and the results of its operations. On January 30, 2020, the World Health Organization declared the COVID-19 coronavirus outbreak a “Public Health Emergency of International Concern” and on March 10, 2020, declared it to be a pandemic. Actions taken around the world to help mitigate the spread of the coronavirus include restrictions on travel, and quarantines in certain areas, and forced closures for certain types of public places and businesses. The COVID-19 coronavirus and actions taken to mitigate it have had and are expected to continue to have an adverse impact on the economies and financial markets of many countries, including the geographical area in which the Company operates. While it is unknown how long these conditions will last and what the complete financial effect will be to the Company, it is known that the travel industry in which we operate has been severely impacted. The Company is monitoring the situation and exploring opportunities in regard to travel behavior for when travel restrictions ease.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost, less accumulated depreciation. Expenditures for major additions and improvements are capitalized and minor replacements, maintenance, and repairs are charged to expense as incurred. When property and equipment are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is included in the results of operations for the respective period. Depreciation is provided over the estimated useful lives of the related assets using the straight-line method for financial statement purposes. As of June 30, 2023 and December 31, 2022, property and equipment consisted entirely of equipment which is being depreciated over a three-year	Property and Equipment Property and equipment are recorded at cost, less accumulated depreciation. Expenditures for major additions and improvements are capitalized and minor replacements, maintenance, and repairs are charged to expense as incurred. When property and equipment are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is included in the results of operations for the respective period. Depreciation is provided over the estimated useful lives of the related assets using the straight-line method for financial statement purposes. As of December 31, 2022, property and equipment consisted entirely of equipment which is being depreciated over a three
Internal Use Software	Internal Use Software The Company incurs software development costs to develop software programs to be used solely to meet its internal needs and cloud-based applications used to deliver its services. In accordance with ASC 350-40, Internal-Use Software, the Company capitalizes development costs related to these software applications once a preliminary project stage is complete, funding has been committed, and it is probable that the project will be completed, and the software will be used to perform the function intended. As of June 30, 2023 and December 31, 2022, the Company has capitalized approximately $ 398,000 66,351 66,351 331,750	Internal Use Software The Company incurs software development costs to develop software programs to be used solely to meet its internal needs and cloud-based applications used to deliver its services. In accordance with ASC 350-40, Internal-Use Software, the Company capitalizes development costs related to these software applications once a preliminary project stage is complete, funding has been committed, and it is probable that the project will be completed, and the software will be used to perform the function intended. As of December 31, 2022 and 2021, the Company has capitalized approximately $ 398,000 398,000 132,702 132,696 265,398
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company follows ASC 360, Accounting for Impairment or Disposal of Long-Lived Assets. ASC 360 requires that if events or changes in circumstances indicate that the carrying value of long-lived assets or asset groups may be impaired, an evaluation of recoverability would be performed by comparing the estimated future undiscounted cash flows associated with the asset to the asset’s carrying value to determine if a write-down to market value would be required. Long-lived assets or asset groups that meet the criteria in ASC 360 as being held for sale are reflected at the lower of their carrying amount or fair market value, less costs to sell.	Impairment of Long-Lived Assets The Company follows ASC 360, Accounting for Impairment or Disposal of Long-Lived Assets. ASC 360 requires that if events or changes in circumstances indicate that the carrying value of long-lived assets or asset groups may be impaired, an evaluation of recoverability would be performed by comparing the estimated future undiscounted cash flows associated with the asset to the asset’s carrying value to determine if a write-down to market value would be required. Long-lived assets or asset groups that meet the criteria in ASC 360 as being held for sale are reflected at the lower of their carrying amount or fair market value, less costs to sell.
Revenue Recognition	Revenue Recognition In applying the guidance of ASC 606, the Company determines revenue recognition through the following steps: ● Identification of the contract, or contracts, with a customer; ● Identification of the performance obligations in the contract; ● Determination of the transaction price; ● Allocation of the transaction price to the performance obligations in the contract; and ● Recognition of revenue when, or as, a performance obligation is satisfied. Revenue is derived from a variety of sources including, but not limited to, (i) fractional/whole aircraft sales, (ii) fractional ownership and jet card programs, (iii) ad hoc charter through the Jet Token App and (iv) aircraft management. Under the fractional ownership program, a customer purchases an ownership share in a jet which guarantees the customer access to the jet for a preset number of hours per year. The fractional ownership program consists of a down payment, one or more progress payments, a payment on delivery, a Monthly Management Fee (MMF) and an Occupied Hourly Fee (OHF). The jet card program provides the customer with a preset number of hours of guaranteed private jet access over the agreement term (generally a year) without the larger hourly or capital commitment of purchasing an ownership share. The jet card program consists of a fixed hourly rate for flight hours typically paid 100% upfront. Revenue is recognized upon transfer of control of the Company’s promised services, which generally occurs upon the flight hours being used. Any unused hours for the fractional jet and jet card programs are forfeited at the end of the contract term and are thus immediately recognized as revenue at that time. Deferred revenue is an obligation to transfer services to a customer for which the Company has already received consideration. Upon receipt of a prepayment from a customer for all or a portion of the transaction price, the Company initially recognizes a contract liability. The contract liability is settled, and revenue is recognized when the Company satisfies its performance obligation to the customer at a future date. As of June 30, 2023 and December 31, 2022, the Company deferred $ 1,099,543 933,361 The Company also generates revenues from individual ad hoc charter bookings processed through the Company’s App, whereby the Company will source, negotiate, and arrange travel on a charter basis for a customer based on pre-selected options and pricing provided by the Company to the customer through the App. In addition, Cirrus markets charter on the Company’s aircraft for the Company’s benefit. The Company utilizes certificated independent third-party air carriers in the performance of a portion of flights. The Company evaluates whether there is a promise to transfer services to the customer, as the principal, or to arrange for services to be provided by another party, as the agent, using a control model. The nature of the flight services the Company provides to members is similar regardless of which third-party air carrier is involved. The Company directs third-party air carriers to provide an aircraft to a member or customer. Based on evaluation of the control model, it was determined that the Company acts as the principal rather than the agent within all revenue arrangements. Owner charter revenue is recognized for flights where the owner of a managed aircraft sets the price for the trip. The Company records owner charter revenue at the time of flight on a net basis for the margin we receive to operate the aircraft. If the Company has primary responsibility to fulfill the obligation, then the revenue and the associated costs are reported on a gross basis in the consolidated statements of operations. The following is a breakout of revenue components by subcategory for the three and six months ended June 30, 2023 and 2022. Schedule of Breakout of Revenue 2023 2022 2023 2022 Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Software App and Cirrus Charter $ 1,558,697 $ 337,376 $ 2,552,950 $ 735,643 Jet Card and Fractional Programs 811,140 472,166 1,358,685 805,336 Management and Other Services 422,971 - 756,681 - Fractional/Whole Aircraft Sales - 6,200,000 - 6,200,000 Revenues $ 2,792,808 $ 7,009,542 $ 4,668,316 $ 7,740,979 Flights Flights and flight-related services, along with the related costs of the flights, are earned and recognized as revenue at the point in time in which the service is provided. For round-trip flights, revenue is recognized upon arrival at the destination for each flight segment. Fractional and jet card members pay a fixed quoted amount for flights based on a contractual capped hourly rate. Ad hoc charter customers primarily pay a fixed rate for flights. In addition, flight costs are paid by members through the purchase of dollar-denominated prepaid blocks of flight hours (“Prepaid Blocks”), and other incidental costs such as catering and ground transportation are billed monthly as incurred. Prepaid Blocks are deferred and recognized as revenue when the member completes a flight segment. Aircraft Management The Company manages aircraft for owners in exchange for a contractual fee. Revenue associated with the management of aircraft also includes the recovery of owner-incurred expenses including maintenance coordination, cabin crew and pilots, as well as recharging of certain incurred aircraft operating costs and expenses such as maintenance, fuel, landing fees, parking and other related operating costs. The Company passes the recovery and recharge costs back to owners at either cost or a predetermined margin. Aircraft management-related revenue contains two types of performance obligations. One performance obligation is to provide management services over the contract period. Revenue earned from management services is recognized over the contractual term, on a monthly basis. The second performance obligation is the cost to operate and maintain the aircraft, which is recognized as revenue at the point in time such services are completed. Aircraft Sales The Company acquires aircraft from vendors and various other third-party sellers in the private aviation industry. The Company’s classifies the purchase as aircraft inventory on the consolidated balance sheets. Aircraft inventory is valued at the lower of cost or net realizable value. Sales are recorded on a gross basis within revenues and cost of revenue in the consolidated statements of operations. The Company recorded aircraft sales of $ 0 6,200,000 Pass-Through Costs In applying the guidance of ASC 606, the Company recognizes revenue when its customer obtains control of promised goods or services, in an amount that reflects the consideration which the Company expects to receive in exchange for those goods or services. To determine revenue recognition for arrangements that the Company determines are within the scope of ASC 606, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of ASC 606, the Company assesses the goods or services promised within each contract and determines those that are distinct performance obligations. The Company then assesses whether it is acting as an agent or a principal for each identified performance obligation and includes revenue within the transaction price for third-party costs when the Company determines that it is acting as the principal.	Revenue Recognition In applying the guidance of ASC 606, the Company 1) identifies the contract with the customer, 2) identifies the performance obligations in the contract, 3) determines the transaction price, 4) determines if an allocation of that transaction price is required given the performance obligations under the contract, and 5) recognizes revenue when or as the companies satisfies a performance obligation. The Company generates/intends to generate revenue from three primary sources: a fractional ownership program, jet card programs, and ad hoc charter through the Jet Token App. Under the fractional ownership program, a customer can purchase an ownership share in a jet which guarantees the customer access to the jet for a preset number of hours per year and provides all the benefits of plane ownership at a fraction of the cost. The jet card program provides the customer with a preset number of hours of guaranteed private jet access over the agreement term (generally a year) without the larger hourly or capital commitment of purchasing an ownership share. The fractional ownership program consists of an initial buy-in or upfront fee and a fixed hourly rate for flight hours. Alternatively, the jet card program consists of a fixed hourly rate for flight hours typically paid 100% upfront. The Company also generates revenues from individual ad hoc charter bookings processed through our App, whereby the Company will source, negotiate, and arrange travel on a charter basis for a customer based on pre-selected options and pricing provided by the Company to the customer through the App. Revenue is recognized upon transfer of control of our promised services, which generally occurs upon the flight hours being used. Any unused hours for the fractional jet and jet card programs are forfeited at the end of the contract term and are thus immediately recognized as revenue at that time. Revenues from the sale of fractional or whole interests in an aircraft is recognized at the time title to the aircraft is transferred to the purchasers, which generally occurs upon delivery or ownership transfer. The Company defers revenue in all instances when the earnings process is not yet complete. As of December 31, 2022, the Company deferred $ 933,361 The following is a breakout of revenue components by subcategory for the years ended December 31, 2022 and 2021. Schedule of Breakout of Revenue 2022 2021 Jet card and charter programs $ 4,662,728 $ 1,112,195 Fractional/Whole Aircraft Sales 17,200,000 - Revenues $ 21,862,728 $ 1,112,195
Research and Development	Research and Development The Company incurs research and development costs during the process of researching and developing its technologies and future offerings. The Company’s research and development costs consist primarily of payments for third party software development that is not capitalizable. The Company expenses these costs as incurred until the resulting product has been completed, tested, and made ready for commercial use.	Research and Development The Company incurs research and development costs during the process of researching and developing its technologies and future offerings. The Company’s research and development costs consist primarily of payments for third party software development that is not capitalizable. The Company expenses these costs as incurred until the resulting product has been completed, tested, and made ready for commercial use.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for stock awards under ASC 718, Compensation – Stock Compensation. Under ASC 718, share-based compensation cost is measured at the grant date, based on the estimated fair value of the award, and is recognized as expense over the employee’s requisite vesting period or over the nonemployee’s period of providing goods or services. The fair value of each stock option or warrant award is estimated on the date of grant using the Black-Scholes option valuation model.	Stock-Based Compensation The Company accounts for stock awards under ASC 718, Compensation – Stock Compensation. Under ASC 718, share-based compensation cost is measured at the grant date, based on the estimated fair value of the award, and is recognized as expense over the employee’s requisite vesting period or over the nonemployee’s period of providing goods or services. The fair value of each stock option or warrant award is estimated on the date of grant using the Black-Scholes option valuation model.
Unaudited Interim Financial Statements	Unaudited Interim Financial Statements Certain information and disclosures normally included in the annual consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these unaudited consolidated interim financial statements have been included. Such adjustments consist of normal recurring adjustments. The results of operations for the six months ended June 30, 2023 are not necessarily indicative of the results that may be expected for the full year.
Other Current Assets	Other Current Assets Other current assets include security deposits, which relate primarily to contractual prepayments to third-parties for future services, prepaid expenses and customer receivables for additional expenses incurred in their charter trips.
Investments in Joint Ventures	Investments in Joint Ventures In January 2023, the Company formed a 50/50 joint venture subsidiary with Great Western Air LLC dba Cirrus Aviation Services, 380 Software LLC, a Nevada limited liability company. Costs and profits are to be shared equally. The Company accounts for these investments using the equity method whereby the initial investment is recorded at cost and subsequently adjusted by the Company’s share of income or loss from the joint venture. The Company has made investments in the joint venture totaling $ 100,000
Leases	Leases The Company determines if an arrangement is a lease at inception on an individual contract basis. Operating leases are included in operating lease right-of-use assets, operating lease liabilities, current and operating lease liabilities, non-current on the consolidated balance sheets. Operating lease right-of-use assets represent the right to use an underlying asset for the lease term. Operating lease right-of-use assets are recognized at lease commencement date based on the present value of the future minimum lease payments over the lease term. The interest rate implicit in each lease was readily determinable to discount lease payments. The operating lease right-of-use assets include any lease payments made, including any variable amounts that are based on an index or rate, and exclude lease incentives. Lease terms may include options to extend or terminate the lease. Renewal option periods are included within the lease term and the associated payments are recognized in the measurement of the operating right-of-use asset when they are at the Company’s discretion and considered reasonably certain of being exercised. Lease expense for lease payments is recognized on a straight-line basis over the lease term. The Company has elected the practical expedient not to recognize leases with an initial term of 12 months or less on the Company’s consolidated balance sheets and lease expense is recognized on a straight-line basis over the term of the short-term lease.
Cost of Sales	Cost of Sales The cost of sales expenses includes costs incurred in providing air transportation services, such as chartering third-party aircraft, aircraft lease expenses, pilot training and wages, aircraft fuel, aircraft maintenance, and other aircraft operating expenses. 1. Chartering Third-Party Aircraft: The cost of chartering third-party aircraft is recorded as a part of the cost of sales expense. These expenses include the fees paid to third-party operators for providing aircraft services on behalf of the company. Expenses are recognized in the income statement in the period when the service is rendered and are reported on an accrual basis. 2. Aircraft Lease Expenses: Aircraft lease expenses include the cost of leasing aircraft for the company’s operations. The lease expenses are recognized as an operating expense in the income statement over the lease term on a straight-line basis. 3. Pilot Training and Wages: Pilot training costs are expensed as incurred and are included in the cost of sales expenses. This encompasses expenses related to initial pilot training, recurrent training, and any additional required training programs. Pilot wages, including salaries, bonuses, and benefits, are also recognized as a part of the cost of sales expenses and are reported on an accrual basis. 4. Aircraft Fuel: The cost of aircraft fuel is recognized as an expense in the cost of sales category based on the actual consumption during flight operations. Fuel costs are recorded in the income statement in the period when the fuel is consumed and are reported on an accrual basis. 5. Aircraft Maintenance: Aircraft maintenance expenses include both routine and non-routine maintenance. Routine maintenance costs are expensed as incurred and are recorded as a part of the cost of sales expense. Non-routine maintenance expenses, such as major repairs and overhauls, are capitalized and amortized over their expected useful life. The amortization expense is included in the cost of sales expense and is recognized in the income statement on a straight-line basis over the asset’s useful life. 6. Other Aircraft Operating Expenses: Other aircraft operating expenses include costs such as insurance, landing fees, navigation charges, and catering services. These expenses are recognized in the income statement as a part of the cost of sales expenses in the period when they are incurred and are reported on an accrual basis.
Advertising Costs	Advertising Costs The Company expenses the cost of advertising and promoting the Company’s services as incurred. Such amounts are included in sales and marketing expense in the consolidated statements of operations and totaled $ 223,708 163,141
Segment Reporting	Segment Reporting The Company identifies operating segments as components of the Company for which discrete financial information is available and is regularly reviewed by the chief operating decision maker, or decision-making group, in making decisions regarding resource allocation and performance assessment. The chief operating decision maker is the chief executive officer. The Company determined that the Company operates in a single operating and reportable segment, private aviation services, as the chief operating decision maker reviews financial information presented on a consolidated basis, accompanied by disaggregated information about revenue, for purposes of making operating decisions, allocating resources, and assessing performance. All of the Company’s long-lived assets are located in the U.S. and revenue from private aviation services is substantially earned from flights throughout the U.S.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Schedule of Basic and Diluted Net Loss Per Share	The following table reflects the calculation of basic and diluted net earnings (loss) per share (in dollars, except per share amounts): Schedule of Basic and Diluted Net Loss Per Share Class A Class B Class A Class B Class A Class B Class A Class B For Three Months Ended For Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Class A Class B Class A Class B Class A Class B Class A Class B Basic and diluted earnings (loss) per ordinary share Numerator: Allocation of net earnings (loss) $ 72,417 $ 159,912 (401,997 ) $ (99,504 ) $ (119,355 ) $ (263,561 ) $ 2,295,106 $ 568,095 Denominator: Basic and diluted weighted average shares outstanding 1,301,952 2,875,000 11,615,000 2,875,000 1,301,952 2,875,000 11,615,000 2,875,000 Basic and diluted net earnings (loss) $ 0.056 $ 0.056 (0.035 ) $ (0.035 ) (0.092 ) $ (0.092 ) $ 0.198 $ 0.198	The following table reflects the calculation of basic and diluted net earnings (loss) per share (in dollars, except per share amounts): Schedule of Basic and Diluted Net Loss Per Share For the Year Ended December 31, 2022 For the Period from April 12, 2021 (Inception) Through December 31, 2021 (as restated) Class A Class B Class A Class B Basic and diluted earnings (loss) per ordinary share Numerator: Allocation of net earnings (loss) $ 5,605,148 $ 1,570,832 $ (2,839,120 ) $ (702,753 ) Denominator: Basic and diluted weighted average shares outstanding 10,258,764 2,875,000 11,615,000 2,875,000 Basic weighted average shares outstanding 10,258,764 2,875,000 11,615,000 2,875,000 Basic and diluted net earnings (loss) per ordinary share $ 0.546 $ 0.546 $ (0.244 ) $ (0.244 ) Basic net earnings (loss) per ordinary share $ 0.546 $ 0.546 $ (0.244 ) $ (0.244 )
Jet Token, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
Schedule of Breakout of Revenue	The following is a breakout of revenue components by subcategory for the three and six months ended June 30, 2023 and 2022. Schedule of Breakout of Revenue 2023 2022 2023 2022 Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Software App and Cirrus Charter $ 1,558,697 $ 337,376 $ 2,552,950 $ 735,643 Jet Card and Fractional Programs 811,140 472,166 1,358,685 805,336 Management and Other Services 422,971 - 756,681 - Fractional/Whole Aircraft Sales - 6,200,000 - 6,200,000 Revenues $ 2,792,808 $ 7,009,542 $ 4,668,316 $ 7,740,979	The following is a breakout of revenue components by subcategory for the years ended December 31, 2022 and 2021. Schedule of Breakout of Revenue 2022 2021 Jet card and charter programs $ 4,662,728 $ 1,112,195 Fractional/Whole Aircraft Sales 17,200,000 - Revenues $ 21,862,728 $ 1,112,195

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Schedule of Fair Value Liabilities Measured on Recurring Basis	The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022, by level within the fair value hierarchy: Schedule of Fair Value Liabilities Measured on Recurring Basis Fair Value Measurements Using At June 30, 2023 (Level 1) (Level 2) (Level 3) Total Description Assets Marketable securities held in Trust Account $ 13,125,461 $ - $ - $ 13,125,461 Liabilities: Warrant liabilities - public warrants $ 575,000 $ - $ - $ 575,000 Warrant liabilities - private warrants $ - $ - $ 739 $ 739 Fair Value Measurements Using At December 31, 2022 (Level 1) (Level 2) (Level 3) Total Description Assets Marketable securities held in trust account $ 12,834,629 $ - $ - $ 12,834,629 Liabilities: Warrant liabilities - public warrants $ 368,000 $ - $ - $ 368,000 Warrant liabilities - private warrants $ - $ - $ 1,902 $ 1,902	The following table presents information about the Company’s financial liabilities that are measured at fair value on a recurring basis as of the initial issuance date, December 31, 2022 and 2021, by level within the fair value hierarchy: Schedule of Fair Value Liabilities Measured on Recurring Basis Fair Value Measurements Using At December 31, 2022 (Level 1) (Level 2) (Level 3) Total Description Liabilities: Warrant liabilities - public warrants $ 368,000 $ - $ - $ 368,000 Warrant liabilities - private warrants - - 1,902 1,902 Total $ 368,000 $ - $ 1,902 $ 369,902 Fair Value Measurements Using At December 31, 2021 (Level 1) (Level 2) (Level 3) Total Description Liabilities: Warrant liabilities - public warrants $ 4,655,200 $ - $ - $ 4,655,200 Warrant liabilities - private warrants - - 2,414,100 2,414,100 Total $ 4,655,200 $ - $ 2,414,100 $ 7,069,300
Schedule of Fair Value Measurements	The following table provides quantitative information regarding Level 3 fair value measurements inputs as their measurement dates: Schedule of Fair Value Measurements At June 30, 2023 At December 31, 2022 Share price $ 10.87 $ 10.45 Exercise price $ 11.5 $ 11.5 Expected dividend yield 0 % 0 % Expected volatility 4.96 % 2.97 % Risk-free interest rate 5.31 % 4.85 % Expected life (in years) 0.13 0.67	The following table provides quantitative information regarding Level 3 fair value measurements inputs for private placement warrants at their measurement dates: Schedule of Fair Value Measurements At At Share price $ 10.45 $ 9.90 Exercise price $ 11.5 $ 11.5 Expected dividend yield 0 % 0 % Expected volatility 2.97 % 24.01 % Risk-free interest rate 4.85 % 0.54 % Expected life (in years) 0.67 0.98
Schedule of Fair Value Warrant Liabilities	The following table presents the changes in the fair value of derivative warrant liabilities: Schedule of Fair Value Warrant Liabilities Private Placement Warrants Public Warrants Total Warrant Liabilities Fair value as of January 1, 2023 $ 1,902 $ 368,000 $ 369,902 Change in valuation inputs or other assumptions (1,163 ) 207,000 205,837 Fair value as of June 30, 2023 $ 739 $ 575,000 $ 575,739	The following table presents the changes in the fair value of warrant liabilities: Schedule of Fair Value Warrant Liabilities Private Public Total Fair value as of January 1, 2022 $ 2,414,100 $ 4,655,200 $ 7,069,300 Change in valuation inputs or other assumptions (2,412,198 ) (4,287,200 ) (6,699,398 ) Fair value as of December 31, 2022 $ 1,902 $ 368,000 $ 369,902
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Schedule of Fair Value Warrant Liabilities	The following table provides a reconciliation of changes in fair value of the beginning and ending balances for the liabilities classified as Level 3: Schedule of Fair Value Warrant Liabilities Private Placement Warrants Public Warrants Warrant Liabilities Fair value of Level 3 warrants at January 1, 2023 $ 1,902 $ - $ 1,902 Change in valuation inputs or other assumptions (1,163 ) - (1,163 ) Fair value of Level 3 warrants at June 30, 2023 $ 739 $ - $ 739	The following table provides a reconciliation of changes in fair value of the beginning and ending balances for the liabilities classified as Level 3: Schedule of Fair Value Warrant Liabilities Private Public Warrant Fair value of Level 3 warrants at January 1, 2022 $ 2,414,100 $ - $ 2,414,100 Change in valuation inputs or other assumptions (2,412,198 ) - (2,412,198 ) Fair value of Level 3 warrants at December 31, 2022 $ 1,902 $ - $ 1,902

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Jet Token, Inc. [Member]
Restructuring Cost and Reserve [Line Items]
Schedule of Other Assets	Other assets consisted of the following: Schedule of Other Assets June 30, 2023 December 31, 2022 Deposits $ 58,361 $ 73,226 Lease Maintenance Reserve 689,750 689,750 Total Other Assets $ 748,111 $ 762,976	Other assets consisted of the following: Schedule of Other Assets 2022 2021 Aircraft Deposit $ - $ 350,000 Deposits 73,226 13,714 Lease Maintenance Reserve 689,750 689,750 Lease Financing Costs - 69,325 Total Other Assets $ 762,976 $ 1,122,789

Note Payable (Tables)

Note Payable (Tables) - Jet Token, Inc. [Member]	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Schedule of Future Minimum Lease Payments	As of June 30, 2023, future minimum required lease payments due under the non-cancellable operating lease are as follows: Schedule of Future Minimum Lease Payments 2023 $ 274,500 2024 549,000 2025 549,000 2026 503,250 Total future minimum lease payments 1,875,750 Less imputed interest (95,043 ) Maturities of lease liabilities $ 1,780,707	As of December 31, 2022, future minimum required lease payments due under the non-cancellable operating lease are as follows: Schedule of Future Minimum Lease Payments 2023 $ 549,000 2024 549,000 2025 549,000 2026 503,250 Total future minimum lease payments $ 2,150,250 Less imputed interest (123,907 ) Maturities of lease liabilities $ 2,026,343
Schedule of Operating Right of Use Lease Assets and Lease Liabilities	Right-of-use lease assets and lease liabilities for our operating lease was recorded in the balance sheet as follows: Schedule of Operating Right of Use Lease Assets and Lease Liabilities June 30, 2023 Operating lease right-of-use asset $ 2,576,036 Accumulated amortization (747,154 ) Net balance $ 1,828,882 Lease liability, current portion $ 502,450 Lease liability, long-term 1,278,257 Total operating lease liabilities $ 1,780,707
Schedule of Option Activity		A summary of our stock option activity for the years ended December 31, 2022 and 2021, is as follows: Schedule of Option Activity Number of Shares Weighted Weighted Outstanding at December 31, 2020 24,300,000 $ 0.25 - Granted 36,945,357 0.74 - Exercised - - - Expired/Cancelled (50,000 ) - - Outstanding at December 31, 2021 61,195,357 $ 0.54 9.2 Granted 9,178,000 0.75 - Exercised - - - Expired/Cancelled - - - Outstanding at December 31, 2022 70,373,357 $ 0.57 8.3 Exercisable at December 31, 2021 36,521,147 $ 0.50 9.1 Exercisable at December 31, 2022 52,584,463 $ 0.53 8.2
Schedule of Estimate the Fair Value of Stock Options	The Company estimates the fair value of stock options that contain service and/or performance conditions using the Black-Scholes option pricing model. The range of input assumptions used by the Company were as follows: Schedule of Estimate the Fair Value of Stock Options June 30, 2023 December 31, 2022 Expected life (years) 6 10 6 10 Risk-free interest rate 3.55 3.94 % 1.43 4.10 % Expected volatility 90 % 80 % Annual dividend yield 0 % 0 %	The Company estimates the fair value of stock options that contain service and/or performance conditions using the Black-Scholes option pricing model. The range of input assumptions used by the Company were as follows: Schedule of Estimate the Fair Value of Stock Options 2022 2021 Expected life (years) 6 10 5 10 Risk-free interest rate 1.43% 4.10 % 0.01% 1.43 % Expected volatility 80 % 80 % Annual dividend yield 0 % 0 %

Description of Organization a_2

Description of Organization and Business Operations (Details Narrative)						6 Months Ended	9 Months Ended	12 Months Ended
	Aug. 10, 2023 USD ($) $ / shares shares	Aug. 06, 2023 USD ($) $ / shares shares	Nov. 09, 2022 USD ($) $ / shares shares	Aug. 16, 2021 USD ($) $ / shares shares	Apr. 12, 2021 USD ($) $ / shares	Jun. 30, 2023 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Mar. 27, 2023 $ / shares	Nov. 14, 2022 USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Share price | $ / shares								$ 11.07
Proceeds from issuance of initial public offering							$ 111,575,715
Deferred underwritting commissions						$ 4,025,000	4,025,000	4,025,000
Proceeds from issuance of private placement							5,760,000
Business combination description						The Company would have had to complete one or more initial Business Combinations having an aggregate fair market value of at least 80% of the net assets held in the Trust Account (as defined below) (excluding the amount of deferred underwriting commissions and taxes payable on the interest earned on the Trust Account) at the time of the signing of the agreement to enter into the initial Business Combination. However, the Company would have only completed a Business Combination if the post-transaction company owned or acquired 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”).		The Company must complete one or more initial Business Combinations having an aggregate fair market value of at least 80% of the net assets held in the Trust Account (as defined below) (excluding the amount of deferred underwriting commissions and taxes payable on the interest earned on the Trust Account) at the time of the signing of the agreement to enter into the initial Business Combination. However, the Company will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”).
Minimum net tangible asset upon consumation of business combination						$ 5,000,001		$ 5,000,001
Interest on dissolution expenses								100,000
Cash						20,000		212,000
Working capital deficit						354,000		110,000
Temporary equity, carrying amount, attributable to parent						$ 13,125,461	116,725,000	$ 12,834,629
Redemption of public shares, percentage						100%
Common stock, par value | $ / shares						$ 18		$ 18	$ 0.0001
Number of shares issued value							$ 103,985,045
Subsequent Event [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, par value | $ / shares	$ 0.0001
Subsequent Event [Member] | Forward Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares issued | shares		1,186,952
Prepayment shortfall amount		$ 1,250,000
Volume weighted average price per share | $ / shares		$ 6
Proceeds from sales of initial shortfall, percentage		100%
Proceeds from sales of future shortfall paid to counterparty, percentage		100%
Subsequent Event [Member] | Forward Purchase Agreement [Member] | Oxbridge Shares [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Ownership percentage		9.90%
Subsequent Event [Member] | FPA Funding Amount PIPE Subscription Agreements [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares issued | shares		1,186,952
Subsequent Event [Member] | Maxim Settlement Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares issued | shares	270,000
Sponsor [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Extension loan amount			$ 575,000
Sponsor [Member] | Promissory Note [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Aggregate principal amount										$ 575,000
Sponsor [Member] | Promissory Note [Member] | Sponsor Settlement Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Aggregate principal amount										$ 575,000
Common Class A [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares exercised | shares			10,313,048
Redemption price per share | $ / shares			$ 10.22
Redemption amount			$ 105,424,960
Temporary equity, carrying amount, attributable to parent						$ 13,130,000
Temporary equity, shares outstanding | shares						1,186,952	11,500,000	1,186,952
Temporary equity, par or stated value per share | $ / shares						$ 11.06
Common stock, par value | $ / shares						0.0001	$ 0.0001	$ 0.0001
Common Class A [Member] | Subsequent Event [Member] | Forward Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, par value | $ / shares		$ 0.0001
Series A Convertible Preferred Stock [Member] | Subsequent Event [Member] | Maxim Settlement Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares issued | shares	1,127
Series A Preferred Stock [Member] | Subsequent Event [Member] | Maxim Settlement Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares issued value	$ 1,127,000
Series A-1 Convertible Preferred Stock [Member] | Subsequent Event [Member] | Sponsor Settlement Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares issued | shares	575
Private Placement Warrants [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Sale of stock, number of shares issued in transaction | shares				5,760,000
Sale of stock price per share | $ / shares				$ 1
Proceeds from issuance of private placement				$ 5,760,000	$ 5,760,000
Class of warrant or right, exercise price of warrants or rights | $ / shares				$ 11.50	$ 1
Common Stock [Member] | Subsequent Event [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Exchange ratio	0.03094529
Common Stock [Member] | Common Class A [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares issued | shares							11,615,000
Number of shares issued value							$ 1,161
Warrant [Member] | Subsequent Event [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Exchange ratio	0.04924242
IPO [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Sale of stock, number of shares issued in transaction | shares				10,000,000
Share price | $ / shares				$ 10				11.07
Proceeds from issuance of initial public offering				$ 100,000,000
Payments of stock issuance costs				6,624,000
Deferred underwritting commissions				$ 3,500,000
IPO [Member] | Subsequent Event [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Share price | $ / shares	$ 11.10
Proceeds from issuance of initial public offering	$ 5,580,000
IPO [Member] | Common Class A [Member] | Subsequent Event [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares issued | shares	1,186,952
Over-Allotment Option [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Share price | $ / shares				$ 10
Proceeds from issuance of initial public offering				$ 15,000,000
Payments of stock issuance costs				825,000
Deferred underwritting commissions				$ 525,000
Number of shares purchased | shares				1,500,000
Trust Account [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Share price | $ / shares						$ 10.15		$ 10.15
Proceeds from issuance of initial public offering						$ 116,725,000		$ 116,725,000

Schedule of Basic and Diluted N

Schedule of Basic and Diluted Net Loss Per Share (Details) - USD ($)	3 Months Ended				6 Months Ended		9 Months Ended	12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2022
Allocation of net earnings (loss)	$ 232,329	$ (615,245)	$ (501,501)	$ 3,364,702	$ (382,916)	$ 2,863,201	$ (3,541,872)	$ 7,175,980
Basic weighted average shares outstanding	4,176,952		14,490,000		4,176,952	14,490,000	14,490,000	13,133,764
Diluted weighted average shares outstanding	4,176,952		14,490,000		4,176,952	14,490,000	14,490,000	13,133,764
Basic net earnings (loss)	$ 0.06		$ (0.035)		$ (0.09)	$ 0.198	$ (0.244)	$ 0.546
Diluted net earnings (loss)	$ 0.06		$ (0.035)		$ (0.09)	$ 0.198	$ (0.244)	$ 0.546
Common Class A [Member]
Allocation of net earnings (loss)	$ 72,417		$ (401,997)		$ (119,355)	$ 2,295,106	$ (2,839,120)	$ 5,605,148
Basic weighted average shares outstanding	1,301,952		11,615,000		1,301,952	11,615,000	11,615,000	10,258,764
Diluted weighted average shares outstanding	1,301,952		11,615,000		1,301,952	11,615,000	11,615,000	10,258,764
Basic net earnings (loss)	$ 0.056		$ (0.035)		$ (0.092)	$ 0.198	$ (0.244)	$ 0.546
Diluted net earnings (loss)	$ 0.056		$ (0.035)		$ (0.092)	$ 0.198	$ (0.244)	$ 0.546
Common Class B [Member]
Allocation of net earnings (loss)	$ 159,912		$ (99,504)		$ (263,561)	$ 568,095	$ (702,753)	$ 1,570,832
Basic weighted average shares outstanding	2,875,000		2,875,000		2,875,000	2,875,000	2,875,000	2,875,000
Diluted weighted average shares outstanding	2,875,000		2,875,000		2,875,000	2,875,000	2,875,000	2,875,000
Basic net earnings (loss)	$ 0.056		$ (0.035)		$ (0.092)	$ 0.198	$ (0.244)	$ 0.546
Diluted net earnings (loss)	$ 0.056		$ (0.035)		$ (0.092)	$ 0.198	$ (0.244)	$ 0.546

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - USD ($)		3 Months Ended		6 Months Ended		12 Months Ended
	Aug. 16, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Jan. 01, 2022
Cash and cash equivalents, at carrying value		$ 20,000		$ 20,000		$ 212,000
FDIC insured amount		250,000		250,000		250,000
Jet Token, Inc. [Member]
FDIC insured amount		$ 250,000		$ 250,000		$ 250,000
Property and equipment, useful life		3 years		3 years		3 years
Capitalized computer software		$ 398,000		$ 398,000		$ 398,000	$ 398,000
Amortization expense				66,351	$ 66,351	132,702	132,696
Accumulated amortization		331,750		331,750		265,398
Deferred revenue		1,099,543		$ 1,099,543		$ 933,361
NOL carryovers limitation				The CARES Act retroactively suspends the 80% income limitation on use of NOL carryovers for taxable years beginning before January 1, 2021, and allows 100% of any such taxable income to be offset by the amount of such NOL carryforward. This 80% income limitation is reinstated (with slight modifications) for tax years beginning after December 31, 2021.		The CARES Act retroactively suspends the 80% income limitation on use of NOL carryovers for taxable years beginning before January 1, 2021, and allows 100% of any such taxable income to be offset by the amount of such NOL carryforward. This 80% income limitation is reinstated (with slight modifications) for tax years beginning after December 31, 2021
Deferred tax assets						$ 1,465,000	1,213,000
Deferred tax assets, net operating losses						6,980,000	5,778,000
Increase in valuation allowance						260,000	694,000
Operating lease liabilities		1,780,707		$ 1,780,707		2,026,343		$ 2,506,711
Investments in joint venture				100,000
Aircraft sales		2,792,808	$ 7,009,542	4,668,316	7,740,979	21,862,728	1,112,195
Advertising costs				223,708	163,141
Operating lease ROU assets		1,828,882		1,828,882		2,081,568		$ 2,506,711
Jet Token, Inc. [Member] | Fractional Whole Aircraft Sales [Member]
Aircraft sales			$ 6,200,000		$ 6,200,000	$ 17,200,000
Jet Token, Inc. [Member] | Share-Based Payment Arrangement, Option [Member]
Convertible preferred shares				72,573,357	66,823,357	70,373,357	61,195,357
Jet Token, Inc. [Member] | Warrant [Member]
Convertible preferred shares				1,666,667	1,666,667	1,666,667	1,666,667
Jet Token, Inc. [Member] | Convertible Preferred Stock [Member]
Convertible preferred shares				19,496,335	19,809,718	19,509,718	19,809,718
Common Class A [Member]
Common stock shares issued and outstanding		1,301,952		1,301,952		1,301,952
Common stock, shares redemption		1,186,952		1,186,952		1,186,952	11,500,000
Private Placement Warrants [Member]
Number of warrants issued	5,760,000			5,760,000		5,760,000
IPO [Member]
Number of warrants issued	17,260,000			17,260,000		17,260,000
Private Placement [Member]
Number of warrants issued	11,500,000

Initial Public Offering (Detail

Initial Public Offering (Details Narrative) - USD ($)		9 Months Ended	12 Months Ended
	Aug. 16, 2021	Dec. 31, 2021	Dec. 31, 2022	Jun. 30, 2023	Mar. 27, 2023
Share price			$ 11.07
Proceeds from issuance initial public offering		$ 111,575,715
Deferred underwriting commissions		$ 4,025,000	$ 4,025,000	$ 4,025,000
Common stock par value			$ 18	$ 18	$ 0.0001
Public Warrant [Member]
Common stock par value			11.50	$ 11.50
IPO [Member]
Sale of stock	10,000,000
Share price	$ 10		$ 11.07
Proceeds from issuance initial public offering	$ 100,000,000
Payments of stock issuance costs	6,624,000
Deferred underwriting commissions	$ 3,500,000
IPO [Member] | Maximum [Member]
Number of shares purchased	1,500,000
Over-Allotment Option [Member]
Share price	$ 10
Proceeds from issuance initial public offering	$ 15,000,000
Payments of stock issuance costs	825,000
Deferred underwriting commissions	$ 525,000
Number of shares purchased	1,500,000
Over-Allotment Option [Member] | Maximum [Member]
Number of shares purchased	1,500,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)						1 Months Ended		6 Months Ended		9 Months Ended		12 Months Ended
	Nov. 09, 2022	Aug. 16, 2021	Apr. 19, 2021	Apr. 13, 2021	Apr. 12, 2021	Dec. 31, 2022	Nov. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Mar. 27, 2023	Nov. 14, 2022
Related Party Transaction [Line Items]
Common stock par value						$ 18		$ 18				$ 18		$ 0.0001
Proceeds from private placement											$ 5,760,000
Payments to related party omitted fees						$ 20,000	$ 20,000
Working Capital Loans Warrant [Member]
Related Party Transaction [Line Items]
Loans convertible into warrants						$ 1,500,000		$ 1,500,000				$ 1,500,000
Price of warrants (in dollars per share)						$ 1		$ 1				$ 1
Private Placement Warrants [Member]
Related Party Transaction [Line Items]
Number of warrants issued					5,760,000
Exercise price of warrants		$ 11.50			$ 1
Proceeds from private placement		$ 5,760,000			$ 5,760,000
Business Combination [Member]
Related Party Transaction [Line Items]
Business combination, reason for business combination								one year after the completion of the initial Business Combination or (ii) the date following the completion of the initial Business Combination on which the Company completes a liquidation, merger, share exchange or other similar transaction that results in all of the shareholders having the right to exchange their ordinary shares for cash, securities or other property. Notwithstanding the foregoing, if the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 120 days after the initial Business Combination, the Founder Shares will be released from the lockup.				one year after the completion of the initial Business Combination or (ii) the date following the completion of the initial Business Combination on which the Company completes a liquidation, merger, share exchange or other similar transaction that results in all of the shareholders having the right to exchange their ordinary shares for cash, securities or other property. Notwithstanding the foregoing, if the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 120 days after the initial Business Combination, the Founder Shares will be released from the lockup.
Jet Token, Inc. [Member]
Related Party Transaction [Line Items]
Purchase price, per unit										$ 0.75	$ 0.75		$ 0.75
Common stock par value						$ 0.00		$ 0.00		$ 0.00	$ 0.00	$ 0.00	$ 0.00
Number of shares exercised													1,000,000
Repayments of short term debt								$ 0	$ 72,000			$ 42,000	$ 200,196
Loans payable						$ 242,196		$ 0	$ 242,196	$ 0	$ 0	$ 242,196	$ 0
Common Class B [Member]
Related Party Transaction [Line Items]
Common stock par value						$ 0.0001		$ 0.0001		$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Common Class A [Member]
Related Party Transaction [Line Items]
Common stock par value						$ 0.0001		$ 0.0001		$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Number of shares exercised	10,313,048
Redemption price per share	$ 10.22
Redemption amount	$ 105,424,960
Sponsor [Member]
Related Party Transaction [Line Items]
Extension loan amount	$ 575,000
Sponsor [Member] | Promissory Note [Member]
Related Party Transaction [Line Items]
Notes payable			$ 300,000
Repayments of debt			$ 195,175
Aggregate principal amount															$ 575,000
Related Party [Member] | Jet Token, Inc. [Member] | Executive Chairman [Member]
Related Party Transaction [Line Items]
Due to related parties						$ 0		$ 0		$ 200,196	$ 200,196	$ 0	$ 200,196
Founder Shares [Member] | Sponsor [Member]
Related Party Transaction [Line Items]
Payments from related party					$ 25,000
Purchase price, per unit					$ 0.009
Founder Shares [Member] | Sponsor [Member] | Common Class B [Member]
Related Party Transaction [Line Items]
Number of shares issued					2,875,000
Common stock par value					$ 0.0001
Founder Shares [Member] | Related Party [Member]
Related Party Transaction [Line Items]
Payments from related party					$ 25,000
Administrative Support Agreement [Member]
Related Party Transaction [Line Items]
Payments to related party				$ 10,000				$ 80,000		$ 50,000		$ 100,000

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)		1 Months Ended	6 Months Ended		12 Months Ended
	Apr. 04, 2022	Nov. 30, 2021	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Product Liability Contingency [Line Items]
Number of purchase shares			1,500,000		1,500,000
Underwriting cash discount per unit			$ 0.35		$ 0.35
Aggregate payable			$ 3,500,000		$ 3,500,000
Jet Token, Inc. [Member]
Product Liability Contingency [Line Items]
Operating lease expense			$ 550,634	$ 37,234	$ 863,824	$ 90,165
Lease Agreement [Member] | Jet Token, Inc. [Member]
Product Liability Contingency [Line Items]
Liquidity reserve	$ 500,000	$ 500,000
Arrangement fee		70,500
Lease Agreement [Member] | Jet Token, Inc. [Member] | Maintenance [Member]
Product Liability Contingency [Line Items]
Liquidity reserve	$ 690,000	$ 690,000
Share Purchase Agreement [Member] | Jet Token, Inc. [Member]
Product Liability Contingency [Line Items]
Number of new stock issued			40,000,000		40,000,000
Commitment fee			$ 800,000		$ 800,000
Warrants and rights outstanding term			3 years		3 years
Over-Allotment Option [Member]
Product Liability Contingency [Line Items]
Aggregate payable			$ 4,030,000		$ 4,030,000
Closing of IPO [Member]
Product Liability Contingency [Line Items]
Underwriting cash discount per unit			$ 0.20		$ 0.20
Aggregate payable			$ 2,000,000		$ 2,000,000
Closing of IPO [Member] | Over-Allotment Option [Member]
Product Liability Contingency [Line Items]
Aggregate payable			$ 2,300,000		$ 2,300,000

Derivative Warrant Liabilities

Derivative Warrant Liabilities (Details Narrative) - USD ($) $ / shares in Units, $ in Millions		6 Months Ended		9 Months Ended	12 Months Ended
	Aug. 16, 2021	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2022	Mar. 27, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrant description		The Public Warrants will become exercisable on the later of (a) 30 days after the consummation of a Business Combination or (b) 12 months from the closing of the IPO. The Public Warrants will expire five years from the consummation of a Business Combination or earlier upon redemption or liquidation.			The Public Warrants will become exercisable on the later of (a) 30 days after the consummation of a Business Combination or (b) 12 months from the closing of the IPO. The Public Warrants will expire five years from the consummation of a Business Combination or earlier upon redemption or liquidation.
Public warrant price per share		$ 0.01			$ 0.01
Common stock par value		$ 18			$ 18	$ 0.0001
Derivative liability description		The Private Placement Warrants are identical to the Public Warrants underlying the Units sold in the IPO, except that the Private Placement Warrants and the ordinary shares issuable upon exercise of the Private Placement Warrants, so long as they are held by the Initial Shareholders or their permitted transferees, (i) will not be redeemable by the Company, (ii) may not (including the Class A ordinary shares issuable upon exercise of these warrants), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of the initial Business Combination, (iii) may be exercised by the holders on a cashless basis and (iv) will be entitled to registration rights. If the Private Placement Warrants are held by holders other than the Sponsor or its permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by the holders on the same basis as the Public Warrants.			The Private Placement Warrants are identical to the Public Warrants underlying the Units sold in the IPO, except that the Private Placement Warrants and the ordinary shares issuable upon exercise of the Private Placement Warrants, so long as they are held by the Initial Shareholders or their permitted transferees, (i) will not be redeemable by the Company, (ii) may not (including the Class A ordinary shares issuable upon exercise of these warrants), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of the initial Business Combination, (iii) may be exercised by the holders on a cashless basis and (iv) will be entitled to registration rights. If the Private Placement Warrants are held by holders other than the Sponsor or its permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by the holders on the same basis as the Public Warrants.
Common Class A [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Common stock par value		$ 0.0001		$ 0.0001	$ 0.0001
Warrant agreement issuance		70%
IPO [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Sale of stock description		the Company issues additional shares of Class A ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of its initial Business Combination at an issue price or effective issue price of less than $9.20 per Class A ordinary share (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the Company’s initial Business Combination on the date of the consummation of such initial Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Company’s ordinary shares during the 20 trading day period starting on the trading day prior to the day on which the Company consummates its initial Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price and the $18.00 per share redemption trigger price described above will be adjusted (to the nearest cent) to be equal to 180% of the greater of the Market Value and the Newly Issued Price.			the Company issues additional shares of Class A ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of its initial Business Combination at an issue price or effective issue price of less than $9.20 per Class A ordinary share (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the Company’s initial Business Combination on the date of the consummation of such initial Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Company’s ordinary shares during the 20 trading day period starting on the trading day prior to the day on which the Company consummates its initial Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price and the $18.00 per share redemption trigger price described above will be adjusted (to the nearest cent) to be equal to 180% of the greater of the Market Value and the Newly Issued Price.
Number of warrants issued	17,260,000	17,260,000			17,260,000
Public Warrant [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants outstanding		11,500,000			11,500,000
Common stock par value		$ 11.50			$ 11.50
Number of warrants issued		11,500,000			11,500,000
Private Placement Warrants [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants outstanding		5,760,000			5,760,000
Number of warrants issued	5,760,000	5,760,000			5,760,000
Warrant [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Gain on warrant liability revaluation		$ 0.2	$ 3	$ 3.5	$ 6.7

Schedule of Fair Value Liabilit

Schedule of Fair Value Liabilities Measured on Recurring Basis (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities - private warrants		$ 369,902	$ 7,069,300
Marketable Securities	$ 13,125,461	12,834,629	116,725,000
Public Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities - private warrants	575,000	368,000	4,655,200
Marketable Securities	13,125,461	12,834,629
Private Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities - private warrants	739	1,902	2,414,100
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities - private warrants		368,000	4,655,200
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Public Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities - private warrants	575,000	368,000	4,655,200
Marketable Securities	13,125,461	12,834,629
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Private Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities - private warrants
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities - private warrants
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Public Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities - private warrants
Marketable Securities
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Private Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities - private warrants
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities - private warrants		1,902	2,414,100
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Public Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities - private warrants
Marketable Securities
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Private Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liabilities - private warrants	$ 739	$ 1,902	$ 2,414,100

Schedule of Fair Value Measurem

Schedule of Fair Value Measurements (Details)	Jun. 30, 2023 $ / shares	Dec. 31, 2022 $ / shares	Dec. 31, 2021 $ / shares
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Share price		$ 11.07
Measurement Input, Share Price [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Share price	$ 10.87	10.45	$ 9.90
Measurement Input, Exercise Price [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Exercise price	$ 11.5	$ 11.5	$ 11.5
Measurement Input, Expected Dividend Rate [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Risk-free interest rate	0	0	0
Measurement Input, Price Volatility [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Risk-free interest rate	4.96	2.97	24.01
Measurement Input, Risk Free Interest Rate [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Risk-free interest rate	5.31	4.85	0.54
Measurement Input, Expected Term [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected life (in years)	1 month 17 days	8 months 1 day	11 months 23 days

Schedule of Fair Value Warrant

Schedule of Fair Value Warrant Liabilities (Details) - Fair Value, Recurring [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Private Placement Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of warrants, beginning balance	$ 1,902	$ 2,414,100
Change in valuation inputs or other assumptions	(1,163)	(2,412,198)
Fair value of warrants, Ending balance	739	1,902
Public Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of warrants, beginning balance	368,000	4,655,200
Change in valuation inputs or other assumptions	207,000	(4,287,200)
Fair value of warrants, Ending balance	575,000	368,000
Warrant [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of warrants, beginning balance	369,902	7,069,300
Change in valuation inputs or other assumptions	205,837	(6,699,398)
Fair value of warrants, Ending balance	575,739	369,902
Fair Value, Inputs, Level 3 [Member] | Private Placement Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of warrants, beginning balance	1,902	2,414,100
Change in valuation inputs or other assumptions	(1,163)	(2,412,198)
Fair value of warrants, Ending balance	739	1,902
Fair Value, Inputs, Level 3 [Member] | Public Warrants [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of warrants, beginning balance
Change in valuation inputs or other assumptions
Fair value of warrants, Ending balance
Fair Value, Inputs, Level 3 [Member] | Warrant [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of warrants, beginning balance	1,902	2,414,100
Change in valuation inputs or other assumptions	(1,163)	(2,412,198)
Fair value of warrants, Ending balance	$ 739	$ 1,902

Shareholders_ Equity (Details N

Shareholders’ Equity (Details Narrative) - USD ($)			1 Months Ended				6 Months Ended		9 Months Ended	12 Months Ended
	Nov. 09, 2022	Aug. 31, 2021	Oct. 31, 2021	Jun. 30, 2021	Feb. 29, 2020	Feb. 28, 2020	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Aug. 30, 2023	Mar. 27, 2023	Jun. 04, 2018
Class of Stock [Line Items]
Preferred stock, shares authorized							4,000,000		4,000,000	4,000,000	4,000,000
Preferred stock, par value							$ 0.0001		$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, shares issued							0		0	0	0
Preferred stock, shares outstanding							0		0	0	0
Common stock, par value							$ 18			$ 18				$ 0.0001
Number of shares issued									$ 103,985,045
Proceeds from of common stock gross									25,000
Proceeds from issuance of units (net of offering costs)									$ 111,575,715
Jet Token, Inc. [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized							15,000,000		15,000,000	15,000,000	15,000,000
Preferred stock, par value							$ 0.00		$ 0.00	$ 0.00	$ 0.00
Preferred stock, shares issued							0		0	0	0
Preferred stock, shares outstanding							0		0	0	0
Common stock, shares authorized							300,000,000		300,000,000	300,000,000	300,000,000
Common stock, par value							$ 0.00		$ 0.00	$ 0.00	$ 0.00
Common stock, shares, issued							78,353,333		78,353,333	78,353,333	78,353,333
Common stock, shares, issued							78,353,333		78,353,333	78,353,333	78,353,333
Preferred share redemption										$ (225,000)
Share price per									$ 0.75		$ 0.75
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross										9,178,000	36,945,357
Weighted average exercised										10 years	10 years
Number of Shares, Exercised											1,000,000
Number of options, exercise price											$ 0.30
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Number of Shares											17,495,357
Sharebased compensation arrangement by sharebased payment award options grant date of shares											1,450,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value											$ 20,048,000
Stock based compensation							$ 2,755,087	$ 2,371,247		$ 6,492,653	$ 12,690,373
Unrecognized stock based compensation							$ 6,743,000			$ 8,115,000
Jet Token, Inc. [Member] | Two Thousand Eighteen Plan [Member]
Class of Stock [Line Items]
Issuance of share based compensation															25,000,000
Reserved for common stock future issuance							75,000,000		75,000,000	75,000,000	75,000,000
Jet Token, Inc. [Member] | Two Thousand And Twenty One Plan [Member]
Class of Stock [Line Items]
Issuance of share based compensation		5,000,000							5,000,000		5,000,000
Jet Token, Inc. [Member] | Star Engine Primary LLC [Member]
Class of Stock [Line Items]
Number of warrants or rights outstanding												1,666,667
Class of warrant or right, exercise price of warrants or rights												$ 0.30
Exercise price per share or per unit of warrants or rights outstanding												$ 184,000
Warrants term												3 years
Jet Token, Inc. [Member] | Executive Chairman [Member]
Class of Stock [Line Items]
Stock issued shares, share exchange											6,646,667
Jet Token, Inc. [Member] | Chief Executive Officer [Member]
Class of Stock [Line Items]
Number of Shares, Exercised										1,000,000
Number of options, exercise price										$ 0.75
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value										$ 522,000
Preferred Stock [Member] | Jet Token, Inc. [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized							50,000,000			50,000,000
Preferred stock, par value							$ 0.00			$ 0.00
Series Seed Preferred Stock [Member] | Jet Token, Inc. [Member]
Class of Stock [Line Items]
Preferred share redemption shares			300,000							(300,000)
Preferred share redemption			$ 225,000							$ (9,000)
Common Stock [Member] | Jet Token, Inc. [Member]
Class of Stock [Line Items]
Common stock, shares authorized							500,000,000			500,000,000
Common stock, par value							$ 0.00			$ 0.00
Preferred share redemption
Stock issued shares, share exchange											(6,646,667)
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross							2,200,000	5,628,000		8,178,000
Weighted average exercised							10 years	10 years		10 years
Number of options, exercise price							$ 0.75	$ 0.75		$ 0.75
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Number of Shares							200,000	128,000		1,678,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value							$ 1,271,040	$ 2,943,000		$ 4,439,000
Common Stock [Member] | Jet Token, Inc. [Member] | Two Thousand Eighteen Plan [Member]
Class of Stock [Line Items]
Issuance of share based compensation							25,000,000		25,000,000	25,000,000	25,000,000
Common Class A [Member]
Class of Stock [Line Items]
Common stock, shares authorized							400,000,000		400,000,000	400,000,000	400,000,000
Common stock, par value							$ 0.0001		$ 0.0001	$ 0.0001	$ 0.0001
Common stock other shares outstanding							1,301,952		11,615,000	1,301,952	11,615,000
Temporary equity, shares outstanding							1,186,952		11,500,000	1,186,952	11,500,000
Common stock, shares, issued							115,000		115,000	115,000	115,000
Common stock, shares, issued							115,000		115,000	115,000	115,000
Number of Shares, Exercised	10,313,048
Common Class A [Member] | Common Stock [Member]
Class of Stock [Line Items]
Issuance of Class A ordinary shares (net of offering costs), shares									11,615,000
Number of shares issued									$ 1,161
Common Class B [Member]
Class of Stock [Line Items]
Common stock, shares authorized							40,000,000		40,000,000	40,000,000	40,000,000
Common stock, par value							$ 0.0001		$ 0.0001	$ 0.0001	$ 0.0001
Common stock, shares, issued							2,875,000		2,875,000	2,875,000	2,875,000
Common stock, shares, issued							2,875,000		2,875,000	2,875,000	2,875,000
Issued and outstanding shares of public offering percentage							20%			20%
Common Class B [Member] | Common Stock [Member]
Class of Stock [Line Items]
Number of shares issued
Series Seed Preferred Stock [Member] | Jet Token, Inc. [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized							10,000,000		10,000,000	10,000,000	10,000,000
Preferred stock, par value							$ 0.00		$ 0.00	$ 0.00	$ 0.00
Preferred stock, shares issued							683,333		983,333	683,333	983,333
Preferred stock, shares outstanding							683,333		983,333	683,333	983,333
Common stock, shares authorized							300,000,000			300,000,000
Series CF Non-voting Preferred Stock [Member] | Jet Token, Inc. [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized							25,000,000		25,000,000	25,000,000	25,000,000
Preferred stock, shares issued							18,813,002		18,826,385	18,813,002	18,826,385
Preferred stock, shares outstanding							18,813,002		18,826,385	18,813,002	18,826,385
Series CF Preferred Stock [Member] | Jet Token, Inc. [Member]
Class of Stock [Line Items]
Undesignated preferred stock							15,000,000			15,000,000
Nonvoting Common Stock [Member] | Jet Token, Inc. [Member]
Class of Stock [Line Items]
Common stock, shares authorized							200,000,000		200,000,000	200,000,000	200,000,000
Common stock, par value							$ 0.00		$ 0.00	$ 0.00	$ 0.00
Common stock other shares outstanding								45,065
Common stock, shares, issued							48,221,393		42,169,330	46,089,886	42,169,330
Common stock, shares, issued							48,221,393		42,169,330	46,089,886	42,169,330
Preferred share redemption
Issuance of Class A ordinary shares (net of offering costs), shares				29,173,333	33,333,333			2,164,648			2,625,446	31,402,755
Share price per				$ 0.75	$ 0.30
Proceeds from of common stock gross					$ 9,420,827	$ 13,550	$ 1,598,630	$ 1,635,566		2,901,106	$ 1,969,085
Escrow deposit							$ 25,479		$ 96,600	$ 15,544	$ 96,600	$ 522,966
Shares issued										61,894
Proceeds from issuance of units (net of offering costs)										$ 18,598
Shares issued escrow funds										3,858,662			2,131,507
Stock issued shares, share exchange											6,646,667
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross		4,813,333
Nonvoting Common Stock [Member] | Jet Token, Inc. [Member] | Two Thousand Eighteen Plan [Member]
Class of Stock [Line Items]
Issuance of share based compensation							50,000,000		50,000,000	50,000,000	50,000,000
Nonvoting Common Stock [Member] | Jet Token, Inc. [Member] | Two Thousand And Twenty One Plan [Member]
Class of Stock [Line Items]
Issuance of share based compensation										15,000,000
Nonvoting Common Stock [Member] | Jet Token, Inc. [Member] | Third Party [Member]
Class of Stock [Line Items]
Common stock other shares outstanding									1,494,462		1,494,462
Proceeds from of common stock gross											$ 448,339
Nonvoting Common Stock [Member] | Jet Token, Inc. [Member] | Maximum [Member]
Class of Stock [Line Items]
Number of shares issued				$ 21,880,000	$ 10,000,000

Schedule of Breakout of Revenue

Schedule of Breakout of Revenue (Details) - Jet Token, Inc. [Member] - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Revenues	$ 2,792,808	$ 7,009,542	$ 4,668,316	$ 7,740,979	$ 21,862,728	$ 1,112,195
Jet Card And Charter Programs [Member]
Restructuring Cost and Reserve [Line Items]
Revenues					4,662,728	1,112,195
Fractional Whole Aircraft Sales [Member]
Restructuring Cost and Reserve [Line Items]
Revenues		6,200,000		6,200,000	$ 17,200,000
Software App and Cirrus Charter [Member]
Restructuring Cost and Reserve [Line Items]
Revenues	1,558,697	337,376	2,552,950	735,643
Jet Card and Fractional Programs [Member]
Restructuring Cost and Reserve [Line Items]
Revenues	811,140	472,166	1,358,685	805,336
Management and Other Services [Member]
Restructuring Cost and Reserve [Line Items]
Revenues	$ 422,971		$ 756,681

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)					1 Months Ended			6 Months Ended		9 Months Ended	12 Months Ended
	Sep. 30, 2023 USD ($) $ / shares shares	Aug. 10, 2023 USD ($) $ / shares shares	Aug. 31, 2021 shares	Aug. 16, 2021 USD ($) $ / shares	Jun. 30, 2021 shares	Feb. 29, 2020 USD ($) shares	Feb. 28, 2020 USD ($)	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 shares	Mar. 31, 2023 shares	Mar. 27, 2023 $ / shares	Mar. 31, 2022 shares	Apr. 11, 2021 shares
Subsequent Event [Line Items]
Stock price per share											$ 11.07
Proceeds from issuance of initial public offering | $										$ 111,575,715
Proceeds from of common stock gross | $										$ 25,000
Common stock, par value								$ 18			$ 18				$ 0.0001
Jet Token, Inc. [Member]
Subsequent Event [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross | shares											9,178,000	36,945,357
Number of options, exercise price												$ 0.30
Share based compensation arrangement by share based payment award equity instruments options exercised weighted average contractual life											10 years	10 years
Common stock, par value								$ 0.00		$ 0.00	$ 0.00	$ 0.00
Jet Token, Inc. [Member] | Common Stock [Member]
Subsequent Event [Line Items]
Number of shares remaining | shares								78,353,333	78,353,333	78,353,333	78,353,333	78,353,333	85,000,000	78,353,333		78,353,333
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross | shares								2,200,000	5,628,000		8,178,000
Number of options, exercise price								$ 0.75	$ 0.75		$ 0.75
Share based compensation arrangement by share based payment award equity instruments options exercised weighted average contractual life								10 years	10 years		10 years
Common stock, par value								$ 0.00			$ 0.00
Common Class A [Member]
Subsequent Event [Line Items]
Common stock, par value								$ 0.0001		$ 0.0001	$ 0.0001	$ 0.0001
Common Class A [Member] | Common Stock [Member]
Subsequent Event [Line Items]
Number of shares remaining | shares								115,000	115,000	115,000	115,000	115,000		115,000		115,000
Issuance of Class A ordinary shares (net of offering costs), shares | shares										11,615,000
Nonvoting Common Stock [Member] | Jet Token, Inc. [Member]
Subsequent Event [Line Items]
Number of shares remaining | shares								48,221,393	44,379,013	42,169,330	46,089,886	42,169,330	31,402,755	48,221,393		43,732,190
Issuance of Class A ordinary shares (net of offering costs), shares | shares					29,173,333	33,333,333			2,164,648			2,625,446	31,402,755
Proceeds from issuance of initial public offering | $											$ 18,598
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross | shares			4,813,333
Proceeds from of common stock gross | $						$ 9,420,827	$ 13,550	$ 1,598,630	$ 1,635,566		$ 2,901,106	$ 1,969,085
Common stock, par value								$ 0.00		$ 0.00	$ 0.00	$ 0.00
IPO [Member]
Subsequent Event [Line Items]
Stock price per share				$ 10							$ 11.07
Proceeds from issuance of initial public offering | $				$ 100,000,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Common stock, par value		$ 0.0001
Subsequent Event [Member] | Common Stock [Member]
Subsequent Event [Line Items]
Exchange ratio		0.03094529
Subsequent Event [Member] | Warrant [Member]
Subsequent Event [Line Items]
Exchange ratio		0.04924242
Subsequent Event [Member] | Jet Token, Inc. [Member] | Common Stock [Member]
Subsequent Event [Line Items]
Exchange ratio		0.03094529
Subsequent Event [Member] | Jet Token, Inc. [Member] | Warrant [Member]
Subsequent Event [Line Items]
Exchange ratio		0.04924242
Subsequent Event [Member] | Jet Token, Inc. [Member] | Business Combination Agreement [Member]
Subsequent Event [Line Items]
Common stock, par value		$ 0.0001
Business Combination, Reason for Business Combination		At the effective time of the Business Combination (the “Effective Time”), (i) each outstanding share of Jet Token Common Stock, including each share of Jet Token Preferred Stock that was converted into shares of Jet Token Common Stock immediately prior to the Effective Time, was cancelled and automatically converted into the right to receive (x) the number of shares of Jet.AI Common Stock equal to the Stock Exchange Ratio of 0.03094529, and (y) the number of warrants (“Merger Consideration Warrants”) equal to the Warrant Exchange Ratio of 0.04924242; (ii) each Jet Token Option, whether or not exercisable and whether or not vested, that was outstanding immediately prior to the Effective Time was automatically converted into an option to purchase a number of Jet.AI Options based on the Option Exchange Ratio (determined in accordance with the Business Combination Agreement and as further described in the Proxy Statement); (iii) each Jet Token Warrant issued and outstanding immediately prior to the Effective Time was automatically converted into a warrant to acquire (x) a number of shares of Jet.AI Common Stock equal to the Stock Exchange Ratio and (y) a number of Merger Consideration Warrants equal to the Warrant Exchange Ratio; and (iv) each Jet Token RSU Award that was outstanding immediately prior to the Effective Time was converted into a Jet.AI RSU Award with respect to a number of RSUs based on the applicable exchange ratio (determined in accordance with the Business Combination Agreement and as further described in the Proxy Statement)
Subsequent Event [Member] | Nonvoting Common Stock [Member] | Jet Token, Inc. [Member]
Subsequent Event [Line Items]
Stock price per share	$ 0.75
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross | shares	2,000,000
Proceeds from of common stock gross | $	$ 1,500,000
Number of options, exercise price	$ 0.75
Share based compensation arrangement by share based payment award equity instruments options exercised weighted average contractual life	10 years
Subsequent Event [Member] | IPO [Member]
Subsequent Event [Line Items]
Number of shares remaining | shares		502,832
Stock price per share		$ 11.10
Proceeds from issuance of initial public offering | $		$ 5,580,000
Redemption price per share		$ 11.10
Subsequent Event [Member] | IPO [Member] | Common Class A [Member]
Subsequent Event [Line Items]
Issuance of Class A ordinary shares (net of offering costs), shares | shares		1,186,952

Schedule of Other Assets (Detai

Schedule of Other Assets (Details) - Jet Token, Inc. [Member] - USD ($)	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Aircraft Deposit			$ 350,000
Deposits	$ 58,361	73,226	13,714
Lease Maintenance Reserve	689,750	689,750	689,750
Lease Financing Costs			69,325
Total Other Assets	$ 748,111	$ 762,976	$ 1,122,789

Other Assets (Details Narrative

Other Assets (Details Narrative) - Jet Token, Inc. [Member] - USD ($)	12 Months Ended
	Dec. 31, 2020	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Nonrefundable deposits				$ 350,000
Lease maintenance reserve		$ 689,750	689,750	689,750
Operating deposits		58,361	73,226	13,714
Aircraft Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Purchase deposits one for Aircrafts	$ 450,000
Purchase deposits two for Aircrafts	150,000
Nonrefundable deposits	250,000
Lease maintenance reserve				$ 250,000
Aircraft Purchase Agreement [Member] | Jet Token, Inc. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Nonrefundable deposits	$ 250,000
Aircraft Management And Charter Service Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Operating deposits		$ 50,000	$ 50,000

Schedule of Future Minimum Leas

Schedule of Future Minimum Lease Payments (Details) - Jet Token, Inc. [Member] - USD ($)	Jun. 30, 2023	Dec. 31, 2022	Jan. 01, 2022
Restructuring Cost and Reserve [Line Items]
2023	$ 274,500	$ 549,000
2024	549,000	549,000
2025	549,000	549,000
2026	503,250	503,250
Total future minimum lease payments	1,875,750	2,150,250
Less imputed interest	(95,043)	(123,907)
Maturities of lease liabilities	$ 1,780,707	$ 2,026,343	$ 2,506,711

Schedule of Option Activity (De

Schedule of Option Activity (Details) - Jet Token, Inc. [Member] - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Number of options, beginning balance	61,195,357	24,300,000
Weighted average exercise price per share, beginning balance	$ 0.54	$ 0.25
Number of shares, granted	9,178,000	36,945,357
Weighted average exercise price per share, granted	$ 0.75	$ 0.74
Number of shares, exercised
Weighted average exercise price per share, exercised
Number of shares, cancelled/expired		(50,000)
Weighted average exercise price per share, cancelled/expired
Weighted average remaining contractual life	8 years 3 months 18 days	9 years 2 months 12 days
Number of shares, cancelled/expired		50,000
Number of options, ending balance	70,373,357	61,195,357
Weighted average exercise price per share, ending balance	$ 0.57	$ 0.54
Number of options, exercisable, beginning	36,521,147
Weighted average exercise price per share, exercisable, beginning	$ 0.50
Weighted average exercise price per share, exercisable	8 years 2 months 12 days	9 years 1 month 6 days
Number of options, exercisable, ending	52,584,463	36,521,147
Weighted average exercise price per share, exercisable, ending	$ 0.53	$ 0.50

Schedule of Estimate the Fair V

Schedule of Estimate the Fair Value of Stock Options (Details) - Jet Token, Inc. [Member]	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Expected volatility	90%	80%	80%
Annual dividend yield	0%	0%	0%
Minimum [Member]
Debt Instrument [Line Items]
Expected term	6 years	6 years	5 years
Risk-free interest rate	3.55%	1.43%	0.01%
Maximum [Member]
Debt Instrument [Line Items]
Expected term	10 years	10 years	10 years
Risk-free interest rate	3.94%	4.10%	1.43%

Note Payable (Details Narrative

Note Payable (Details Narrative) - Jet Token, Inc. [Member] - USD ($)	1 Months Ended
	Feb. 28, 2021	May 31, 2020	Dec. 31, 2021	Jul. 31, 2021
StartEngine Primary, LLC [Member]
Short-Term Debt [Line Items]
Loan maximum borrowing capacity amount				$ 500,000
Loan amount drawn			$ 452,000
Loan maximum borrowing capacity amount			$ 194,727
Paycheck Protection Program Loan [Member]
Short-Term Debt [Line Items]
Proceeds from loans	$ 86,360	$ 121,000
Interest rate	1%	1%
Loan description	Subject to the terms of the Note, the PPP Loan bore interest at a fixed rate of one percent (1%) per annum, with the first six months of interest and principal payments deferred, had an initial term of two years, and was unsecured and guaranteed by the Small Business Administration. The Company may apply to the Lender for forgiveness of the PPP Loan, with the amount which may be forgiven equal to the sum of payroll costs, covered rent, and covered utility payments incurred by the Company during the 24-week period beginning on February 18, 2021, calculated in accordance with the terms of the CARES Act. The Note provided for customary events of default including, among other things, cross-defaults on any other loan with the Lender. The PPP Loan may be accelerated upon the occurrence of an event of default. The PPP loan proceeds were used for payroll, covered rent and other covered payments. The PPP Loan was formally forgiven effective July 2021.	Subject to the terms of the Note, the PPP Loan bore interest at a fixed rate of one percent (1%) per annum, with the first six months of interest and principal payments deferred, had an initial term of two years, and was unsecured and guaranteed by the Small Business Administration. The Company may apply to the Lender for forgiveness of the PPP Loan, with the amount which may be forgiven equal to the sum of payroll costs, covered rent, and covered utility payments incurred by the Company during the 24-week period beginning on April 13, 2020, calculated in accordance with the terms of the CARES Act. The Note provided for customary events of default including, among other things, cross-defaults on any other loan with the Lender. The PPP Loan may be accelerated upon the occurrence of an event of default. The PPP loan proceeds were used for payroll, covered rent and other covered payments. The PPP Loan was formally forgiven effective January 2021.

Schedule of Operating Right of

Schedule of Operating Right of Use Lease Assets and Lease Liabilities (Details) - Jet Token, Inc. [Member] - USD ($)	Jun. 30, 2023	Dec. 31, 2022	Jan. 01, 2022	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Operating lease right-of-use asset	$ 2,576,036
Accumulated amortization	(747,154)
Net balance	1,828,882	$ 2,081,568	$ 2,506,711
Lease liability, current portion	502,450	494,979
Lease liability, long-term	1,278,257	1,531,364
Total operating lease liabilities	$ 1,780,707	$ 2,026,343	$ 2,506,711