Company: AIRJW
Filing Date: 2025-03-27
Form Type: S-1
Source: 0001013762-25-002897
Chunk: 81

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-27
Form: S-1
Chunk 81
---
. Once each calendar year, unless otherwise agreed by the AJ Board, we will provide equity awards to AirJoule, LLC employees in amounts approved by the AJ Board. Components of Our Results of Operations Revenue We anticipate that we will earn revenue from the sale of various key components that will be used in the assembly of AirJoule systems. As of December 31, 2024, no revenue has been earned from our operations. Operating Expenses We classify our operating expenses into the following categories: • General and administrative:General and administrative expenses consist primarily of personnel -relatedexpenses for our executives, consultants and advisors. These expenses also include non -personnelcosts, such as rent, office supplies, legal, audit and accounting services and other professional fees. • Research and development:Research and development expenses include internal personnel, parts, prototypes and third -partyconsulting costs related to preliminary research and development of our products. • Sales and marketing:Sales and marketing expenses consist primarily of business development professional fees, advertising and marketing costs. • Transaction costs incurred in connection with business combination:Transaction costs represent the initial recognition of the earnout shares liability and fees incurred for financial advisory, legal and other professional services that were directly related to the Business Combination. • Depreciation and amortization:Depreciation and amortization expense consists of depreciation of property and equipment. 45

Results of Operations The following tables set forth the results of our operations for the periods presented, as well as the changes between periods. The period -to-periodcomparison 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 |   |     | $ |