Company: AIRJW
Filing Date: 2025-05-27
Form Type: POS AM
Source: 0001213900-25-047828
Chunk: 162

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-27
Form: POS AM
Chunk 162
---
 $ 9,593and $ 3,198, respectively for the three months ended March 31, 2025 and 2024. As of March 31, 2025, the Company’s operating lease was $ 3,175per month with a remaining term of 48months and a discount rate of 4.69%. Lease expense is included in general and administrative costs on the accompanying condensed consolidated statements of operations. This lease includes a renewal option at the election of the Company to renew or extend the lease. This optional period has not been considered in the determination of the ROU assets or lease liability associated with this lease as the Company did not consider it reasonably certain it would exercise the option.

At March 31, 2025, approximate future minimum rental payments required under the lease agreement is as follows:

|                                        |     | Operating 
 Lease     |         |   |
|:---------------------------------------|:----|:----------|--------:|:--|
| Remainder of 2025                      |     | $         |  28,575 |   |
| 2026                                   |     |           |  39,370 |   |
| 2027                                   |     |           |  40,945 |   |
| 2028                                   |     |           |  42,583 |   |
| 2029                                   |     |           |  10,715 |   |
| Total undiscounted lease payments      |     |           | 162,188 |   |
| Less: effects of discounting           |     |           | (14,330 | ) |
| Operating Lease Liability              |     | $         | 147,858 |   |
| Classified as:                         |     |           |         |   |
| Operating lease liability, current     |     | $         |  32,124 |   |
| Operating lease liability, non-current |     | $         | 115,734 |   |

Note 8 — RELATED PARTY TRANSACTIONS Lease Agreement The Company had a property lease agreement with its Chief Executive Officer as discussed in Note 7 – Leases. The lease agreement was terminated upon close of the Business Combination on March 14, 2024. As of March 31, 2025 and December 31, 2024, $ 0were owing under this agreement. Consultancy Agreement On January 1, 2019, the Company entered into a consultancy agreement with a company affiliated with the Chief