Company: NPWR-WT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001845437-25-000027
Chunk: 8

Company: NET Power Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 8
---
65,093 Total$90,547 $128 $90,675 Long-term assetsAmortized CostUnrealized GainFair ValueU.S. treasuries$10,001 $50 $10,051 Total$10,001 $50 $10,051 $ in thousandsDecember 31, 2024Current assetsAmortized CostUnrealized GainFair ValueCorporate bonds$11,006 $15 $11,021 Commercial paper8,629 — 8,629 U.S. treasuries58,637 57 58,694 Total$78,272 $72 $78,344 Long-term assetsAmortized CostUnrealized GainFair ValueU.S. treasuries$22,538 $90 $22,628 Total$22,538 $90 $22,628 The cost of securities sold is based on the specific-identification method. During the three months ended March 31, 2025 and 2024, there were no securities sold. There were no credit losses recognized during the three months ended March 31, 2025 and 2024. The Company established no allowances for credit losses as of March 31, 2025 and December 31, 2024. The Company’s long-term available-for-sale investments mature through December 2026.

NOTE 4 — Fair Value MeasurementsThe following table presents the assets and liabilities that the Company measures at fair value on a recurring basis included in the condensed consolidated balance sheets and indicates the level of the valuation inputs the Company utilized to determine the fair value:March 31,December 31,$ in thousandsLevel20252024AssetsAvailable-for-sale investments1$100,726 $100,972 Short-term investments2100,000 100,000 Total assets$200,726 $200,972 LiabilitiesPublic Warrants1$2,672 $31,034 Private Placement Warrants36,322 50,249 Earnout Shares382 1,958 Total liabilities$9,076 $83,241 

12

Table of Contents

The following table contains a reconciliation of the beginning and ending balances of recurring Level 3 fair value measurements included in the condensed consolidated statements of operations and comprehensive loss:Three Months Ended March 31,$ in thousands20252024Balance of recurring Level 3 liabilities at beginning of period$52,207 $