XML 12 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cost and expenses:    
General and administrative $ 2,786,484 $ 813,239
Research and development 387,919 846,157
Sales and marketing 14,209 37,725
Transaction costs incurred in connection with business combination 54,693,103
Depreciation and amortization 1,588 1,085
Loss from operations (3,190,200) (56,391,309)
Other income (expense):    
Interest income 243,024 26,146
Gain on contribution to AirJoule, LLC 333,500,000
Equity loss from investment in AirJoule, LLC (2,230,278) (26,382)
Change in fair value of Earnout Shares liability 12,832,000 (7,672,000)
Change in fair value of True Up Shares liability 106,106 269,000
Change in fair value of Subject Vesting Shares liability 5,474,000 (2,425,000)
Other income 1,348
Total other income, net 16,426,200 323,671,764
Income before income taxes 13,236,000 267,280,455
Income tax benefit (expense) 1,642,658 (85,725,163)
Net income $ 14,878,658 $ 181,555,292
Class A Common Stock    
Other income (expense):    
Weighted average common stock outstanding, basic (in Shares) 56,047,662 37,155,326
Basic net income per share, common stock (in Dollars per share) $ 0.27 $ 4.33
Weighted average common stock outstanding, diluted (in Shares) 57,111,807 38,631,753
Diluted net income per share, common stock (in Dollars per share) $ 0.26 $ 4.18
Class B Common Stock    
Other income (expense):    
Weighted average common stock outstanding, basic (in Shares) 4,759,642
Basic net income per share, common stock (in Dollars per share) $ 4.33
Weighted average common stock outstanding, diluted (in Shares) 4,759,642
Diluted net income per share, common stock (in Dollars per share) $ 4.18