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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash $ 27,417,369 $ 375,796
Prepaid expenses and other assets 486,338 126,971
Total current assets 27,903,707 502,767
Operating lease right-of-use asset 170,117 49,536
Property and equipment, net 2,747 3,832
Investment in AirJoule LLC 343,473,618
Total assets 371,550,189 556,135
Current liabilities    
Accounts payable 431,000 2,518,763
Accrued transaction fees 3,077,107 3,644,100
Other accrued expenses 6,715,959 244,440
Operating lease liability, current 22,981 22,237
Total current liabilities 11,687,047 6,429,540
Earnout Shares liability 61,393,000
True Up Shares liability 286,000
Subject Vesting Shares liability 14,217,000
Operating lease liability, non-current 147,858 27,299
Deferred tax liability 85,725,163
Total liabilities 173,456,068 6,456,839
Stockholders’ equity (deficit)    
Preferred stock, $0.0001 par value; 25,000,000 authorized shares and 0 shares issued and outstanding as of March 31, 2024 and December 31, 2023
Subscription receivable (6,000,000)
Additional paid-in capital 39,701,547 11,263,647
Retained earnings (Accumulated deficit) 164,387,191 (17,168,101)
Total stockholders’ equity (deficit) 198,094,121 (5,900,704)
Total liabilities and stockholders’ equity (deficit) 371,550,189 556,135
Related Party    
Current liabilities    
Due to related parties 1,440,000
Class A Common stock    
Stockholders’ equity (deficit)    
Common stock value 4,907 3,274
Class B Common stock    
Stockholders’ equity (deficit)    
Common stock value $ 476 $ 476