Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 379

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1B
Chunk 379
---
 for the
periods presented, as well as the changes between periods. The period-to-period comparison of financial results is not necessarily indicative
of future results.

The year ended December 31, 2024 compared
to the year ended December 31, 2023

The following table sets forth the Company’s consolidated statements
of operations data for the year ended December 31, 2024 and 2023:

    Year Ended December 31, 

    2024  
    2023  
    Change ($) 

    Cost and expenses: 

    General and administrative 
    $9,042,150  
    $7,540,702  
    $1,501,448 
  
    Research and development 
     2,020,388  
     3,305,612  
     (1,285,224)
  
    Sales and marketing 
     150,927  
     540,002  
     (389,075)
  
    Transaction costs incurred in connection with business combination 
     54,693,103  
     —  
     54,693,103 
  
    Depreciation and amortization 
     6,517  
     4,341  
     2,176 
  
    Loss from operations 
     (65,913,085) 
     (11,390,657) 
     54,522,428 

    Other income (expense): 

    Interest income 
     932,371  
     11,541  
     920,830 
  
    Gain on contribution to AirJoule, LLC 
     333,500,000  
     —  
     333,500,000 
  
    Equity loss from investment in AirJoule, LLC 
     (5,321,367) 
     —  
     (5,321,367)
  
    Change in fair value of Earnout Shares liability 
     29,197,000  
     —  
     29,197,000 
  
    Change in fair value of True Up Shares liability 
     (1,634,000) 
     —  
     (1,634,000)
  
    Change in fair value of Subject Vesting Shares liability 
     3,973,000  
     —  
     3