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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income $ 14,878,658 $ 181,555,292
Adjustment to reconcile net income to cash provided by (used in) operating activities:    
Depreciation and amortization 1,588 1,085
Deferred tax expense (benefit) (1,642,658) 85,725,163
Amortization of operating lease right-of-use assets 7,839 52,068
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
Gain on contribution to AirJoule, LLC (333,500,000)
Equity loss from investment in AirJoule, LLC 2,230,278 26,382
Non-cash transaction costs in connection with business combination 53,721,000
Share-based compensation 984,393
Changes in operating assets and liabilities:    
Due from related party 2,402,969
Prepaid expenses and other current assets 145,461 15,010
Operating lease liabilities (6,371) (51,346)
Accounts payable 247,308 (2,675,093)
Accrued expenses, accrued transaction costs and other liabilities (765,113) (1,122,998)
Net cash provided by (used in) operating activities 72,246 (6,425,437)
Cash flows from investing activities    
Deferred offering costs paid (135,239) 0
Investment in AirJoule, LLC (5,000,000) (10,000,000)
Net cash used in investing activities (5,135,239) (10,000,000)
Cash flows from financing activities    
Proceeds from the exercise of warrants 45,760
Proceeds from the exercise of options 41,760 56,250
Proceeds from the issuance of common stock 43,365,000
Net cash provided by financing activities 41,760 43,467,010
Net increase (decrease) in cash, cash equivalents and restricted cash (5,021,233) 27,041,573
Cash, cash equivalents and restricted cash, beginning of period 28,021,748 375,796
Cash, cash equivalents and restricted cash, end of the period 23,000,515 27,417,369
Supplemental non-cash investing and financing activities:    
Issuance of True up Shares 2,082,894
Deferred offering costs included in accrued expenses and other current liabilities 343,247 0
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