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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash, cash equivalents and restricted cash $ 23,000,515 $ 28,021,748
Prepaid expenses and other current assets 946,779 613,754
Total current assets 24,449,138 31,455,631
Operating lease right-of-use asset 139,162 147,001
Property and equipment, net 14,785 16,373
Investment in AirJoule, LLC 340,948,355 338,178,633
Other assets 54,482 54,482
Total assets 365,605,922 369,852,120
Current liabilities    
Accounts payable 326,510 79,202
Other accrued expenses 1,298,453 1,720,318
Operating lease liability, current 32,124 30,227
True Up Shares liability 2,189,000
Total current liabilities 1,657,087 4,018,747
Earnout Shares liability 11,692,000 24,524,000
Subject Vesting Shares liability 2,345,000 7,819,000
Operating lease liability, non-current 115,734 124,002
Deferred tax liability 79,613,389 81,256,047
Total liabilities 95,423,210 117,741,796
Commitments and contingencies (Note 12)
Stockholders' equity    
Preferred stock, $0.0001 par value; 25,000,000 authorized shares and 0 shares issued and outstanding as of March and December 31, 2024
Additional paid-in capital 56,770,957 53,577,270
Retained earnings 213,406,119 198,527,461
Total stockholders’ equity (deficit) 270,182,712 252,110,324
Total liabilities and stockholders’ equity 365,605,922 369,852,120
Related Party    
Current assets    
Due from related party 501,844 2,820,129
Class A Common Stock    
Stockholders' equity    
Common stock value $ 5,636 $ 5,593