Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 895

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 5
Chunk 895
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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  
     —  
     3,973,000 
  
    Gain on settlement of legal fees 
     2,207,445  
     —  
     2,207,445 
  
    Other income 
     10,245  
     —  
     10,245 
  
    Total other income, net 
     362,864,694  
     11,541  
     362,853,153 

    Income (loss) before income taxes 
     296,951,609  
     (11,379,116) 
     308,330,725 
  
    Income tax expense 
     (81,256,047) 
     —