Company: AIRJW
Filing Date: 2025-03-27
Form Type: S-1
Source: 0001013762-25-002897
Chunk: 192

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-27
Form: S-1
Chunk 192
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 lease was $ 2,475per month with a remaining term of 51months and a discount rate of 4.69%. Lease expense is included in general and administrative costs on the accompanying 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.

F-23

AIRJOULE TECHNOLOGIES CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 8 — LEASES (cont.)

At December 31, 2024, future minimum rental payments required under the lease agreement is as follows:

|                                        |     | Operating 
 Lease     |         |   |
|:---------------------------------------|:----|:----------|--------:|:--|
| 2025                                   |     | $         |  36,700 |   |
| 2026                                   |     |           |  39,370 |   |
| 2027                                   |     |           |  40,945 |   |
| 2028                                   |     |           |  42,583 |   |
| Thereafter                             |     |           |  10,715 |   |
| Total undiscounted lease payments      |     |           | 170,313 |   |
| Less: effects of discounting           |     |           | (16,084 | ) |
| Operating Lease Liability              |     | $         | 154,229 |   |
| Classified as:                         |     |           |         |   |
| Operating lease liability, current     |     | $         |  30,227 |   |
| Operating lease liability, non-current |     | $         | 124,002 |   |

Note 9 — RELATED PARTY TRANSACTIONS Lease Agreement The Company had a property lease agreement with its Chief Executive Officer as discussed in Note 8 — Leases. The lease agreement was terminated upon close of the Business Combination on March 14, 2024. As of December 31, 2024 and December 31, 2023, $ 0and $ 2,000were owing under this agreement and included in accounts payable on the consolidated balance sheets. Consultancy Agreement On January 1, 2019, the Company entered into a consultancy agreement with a company affiliated with the Chief