Company: AIRJW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001193125-25-281648
Chunk: 0

Company: AirJoule Technologies Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 0
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AIRJOULE TECHNOLOGIES CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

     September 30,

     December 31,

     2025

     2024

     (unaudited)

     Assets

     Current assets

     Cash, cash equivalents and restricted cash
      
     $
     26,007,725

     $
     28,021,748

     Due from related party

     1,031,635

     2,820,129

     Prepaid expenses and other current assets

     823,808

     613,754

     Total current assets

     27,863,168

     31,455,631

     Operating lease right-of-use asset

     123,215

     147,001

     Property and equipment, net

     27,633

     16,373

     Investment in AirJoule, LLC

     344,660,102

     338,178,633

     Other assets

     55,723

     54,482

     Total assets
      
     $
     372,729,841

     $
     369,852,120

     Liabilities and stockholders’ equity

     Current liabilities

     Accounts payable
      
     $
     143,075

     $
     79,202

     Other accrued expenses

     1,792,779

     1,720,318

     Operating lease liability, current

     33,657

     30,227

     True Up Shares liability

     —

     2,189,000

     Total current liabilities

     1,969,511

     4,018,747

     Earnout Shares liability

     7,144,000

     24,524,000

     Subject Vesting Shares liability

     1,506,000

     7,819,000

     Operating lease liability, non-current

     98,390

     124,002

     Deferred tax liability

     75,658,539

     81,256,047

     Total liabilities

     86,376,440

     117,741,796

     Commitments and contingencies (Note 12)

     Stockholders’ equity

     Preferred stock, $0.0001 par value; 25,000,000 authorized shares and