Ownership / AI TRANSPORTATION ACQUISITION CORP Unit | Tables in SEC filings

AITR AI TRANSPORTATION ACQUISITION CORP Unit

Quarterly report

	September 30,		December 31,
	2024		2023
ASSETS
Cash	$	50,470	$	584,635
Prepaid expenses		26,587		-
Other receivable		744		-
Total Current Assets		77,801		584,635

Cash and marketable securities held in trust account		63,105,079		60,721,187
Total Assets	$	63,182,880	$	61,305,822

LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current liabilities
Accrued expenses	$	224,163	$	66,888
Total Current Liabilities		224,163		66,888

Deferred underwriter fee payable		1,200,000		1,200,000
Total Liabilities		1,424,163		1,266,888

Commitments and Contingencies (Note 6)		-		-
Redeemable Ordinary share, $0.0001 par value; 500,000,000 shares authorized; 6,000,000 shares issued and outstanding subject to possible redemption, at redemption value of $10.52 as of September 30, 2024 and $10.12 as of December 31, 2023, respectively		63,105,079		60,721,187

Shareholders’ Deficit
Ordinary share, $0.0001 par value; 500,000,000 shares authorized; 1,837,750 issued and outstanding (excluding 6,000,000 shares subject to redemption) as of September 30, 2024 and December 31, 2023		184		184
Additional paid-in capital		-		-
Accumulated deficit		(1,346,546)		(682,437)
Total Shareholders’ Deficit		(1,346,362)		(682,253)
Total Liabilities and Shareholders’ Deficit	$	63,182,880	$	61,305,822

Description	Quoted Prices in Active Markets (Level 1)		Significant other Observable Inputs (Level 2)		Significant other Unobservable Inputs (Level 3)
Assets
Marketable securities held in trust account	$	63,105,079	$	—	$	—

	Shares		Amount		Capital		Deficit		Deficit
	Ordinary shares				Additional Paid-In		Accumulated		Total Shareholders’
	Shares		Amount		Capital		Deficit		Deficit
Balance – December 31, 2023		1,837,750	$	184	$	-	$	(682,437)	$	(682,253)
Remeasurement of ordinary shares subject to redemption		-		-		-		(785,456)		(785,456)
Net Income		-		-		-		480,522		480,522
Balance – March 31, 2024		1,837,750	$	184	$	-	$	(987,371)	$	(987,187)
Remeasurement of ordinary shares subject to redemption		-		-		-		(794,706)		(794,706)
Net Income		-		-		-		575,243		575,243
Balance – June 30, 2024		1,837,750	$	184	$	-	$	(1,206,834)	$	(1,206,650)
Remeasurement of ordinary shares subject to redemption		-		-		-		(803,730)		(803,730)
Net Income		-		-		-		664,018		664,018
Balance – September 30, 2024		1,837,750	$	184	$	-	$	(1,346,546)	$	(1,346,362)

	For the nine months ended September 30, 2024		For the nine months ended September 30, 2023
Cash flows from operating activities:
Net income (loss)	$	1,719,783	$	(151)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Investment income earned on investments held in Trust Account		(2,383,892)		-
Changes in operating assets and liabilities:
Prepaid expenses		(26,587)		-
Other receivable		(744)		-
Accrued expenses		157,275		-
Net cash used in operating activities		(534,165)		(151)

Cash flows from financing activities:
Proceeds from issuance of ordinary shares to Sponsor		-		25,000
Proceeds from Promissory note		-		995
Payment of offering cost		-		(25,000)
Net cash provided by financing activities		-		995

Net change in cash		(534,165)		844
Cash at the beginning of the period		584,635		-
Cash at the end of the period	$	50,470	$	844

Supplemental disclosure of non-cash financing activities:
Remeasurement of ordinary shares subject to redemption	$	2,383,892	$	-
Deferred offering cost included in the promissory note	$	-	$	159,069

	For the three		For the three			For the nine		For the nine
	months ended		months ended			months ended		months ended
	September 30, 2024		September 30, 2023			September 30, 2024		September 30, 2023
Formation and operating costs	$	(139,712)	$	(151)		$	(664,109)	$	(151)
Loss from operations		(139,712)		(151)			(664,109)		(151)

Other income:
Investment income earned on investments held in Trust Account		803,730		-			2,383,892		-
Total other income		803,730		-			2,383,892		-

Net Income (Loss)	$	664,018	$	(151)		$	1,719,783	$	(151)

Weighted average shares outstanding, basic and diluted		7,837,750		1,500,000	(1)		7,837,750		1,500,000	(1)
Basic and diluted net income (loss) per share		0.08		(0.00)			0.22		(0.00)

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