Achari Ventures Holdings Corp. I
CIK:0001844507|SEC Filings
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
|
| OPERATING EXPENSES | ||||
| General and administrative | $ 886,491 | $ 750,735 | $ 1,395,035 | $ 1,676,699 |
| Franchise tax | 21,142 | 50,000 | 41,885 | 100,000 |
| Total operating expenses | 907,633 | 800,735 | 1,436,920 | 1,776,699 |
| OTHER INCOME | ||||
| Interest income on cash held in Trust Account | 80,434 | 130,251 | 159,573 | 244,121 |
| Change in fair value of derivative warrant liabilities | (31,387) | 142,667 | (99,154) | 71,333 |
| Total other income | 49,047 | 272,918 | 60,419 | 315,454 |
| INCOME BEFORE PROVISION FOR INCOME TAXES | (858,586) | (527,817) | (1,376,501) | (1,461,245) |
| Income tax provision | (12,451) | (16,850) | (24,713) | (30,263) |
| NET LOSS | $ (871,037) | $ (544,667) | $ (1,401,214) | $ (1,491,508) |
| Weighted average shares outstanding of common stock (in Shares) | 3,050,941 | 3,519,465 | 3,050,941 | 3,519,465 |
| Basic net income per share, common stock (in Dollars per share) | $ (0.29) | $ (0.15) | $ (0.46) | $ (0.42) |