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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities    
Net income/(loss) $ 181,555,292 $ (834,627)
Adjustment to reconcile net income (loss) to cash used in operating activities    
Depreciation and amortization 1,085 1,085
Deferred tax expense 85,725,163
Amortization of operating lease right-of-use assets 52,068 5,211
Change in fair value of Earnout Shares liability 7,672,000
Change in fair value of True Up Shares liability (269,000)
Change in fair value of Subject Vesting Shares liability 2,425,000
Gain on contribution to AirJoule, LLC (333,500,000)
Equity loss from investment in AirJoule, LLC 26,382
Non-cash transaction costs in connection with business combination 53,721,000
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 15,010 12,576
Operating lease liabilities (51,346) (5,211)
Accounts payable (2,675,093) 40,279
Accrued expenses, accrued transaction costs and other liabilities (1,122,998) (22,948)
Net cash used in operating activities (6,425,437) (803,635)
Cash Flows from Investing Activities    
Investment in AirJoule, LLC (10,000,000)
Net cash used in investing activities (10,000,000)
Cash Flows from Financing Activities    
Proceeds from the exercise of warrants 45,760
Proceeds from the exercise of options 56,250
Proceeds from the issuance of common stock 43,365,000 255,861
Net cash provided by financing activities 43,467,010 255,861
Net increase (decrease) in cash 27,041,573 (547,774)
Cash, beginning of period 375,796 5,211,486
Cash, end of the period 27,417,369 4,663,712
Supplemental Non-Cash investing and financing activities:    
Initial recognition of True Up Shares liability 555,000
Initial recognition of Subject Vesting Shares liability 11,792,000
Initial recognition of ROU asset and operating lease liability 172,649
Liabilities combined in recapitalization, net 8,680,477
Contribution to AirJoule, LLC of license to technology 333,500,000
Supplemental Cash flow information:    
Taxes paid