Company: AIRJW
Filing Date: 2025-04-28
Form Type: S-1/A
Source: 0001213900-25-036124
Chunk: 200

Company: AirJoule Technologies Corp.
Filing Date: 2025-04-28
Form: S-1/A
Chunk 200
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,217,180,327 |   |
| Total current liabilities           |     | $            |     4,531,668 |   |
| Total non-current liabilities       |     |              |     4,238,293 |   |
| Total liabilities                   |     |              |     8,769,961 |   |
| Members capital contribution        |     | $            | 1,219,053,100 |   |
| Accumulated deficit                 |     |              |   (10,642,734 | ) |
| Total member’s equity               |     |              | 1,208,410,366 |   |
| Total liabilities and equity        |     | $            | 1,217,180,327 |   |

AirJoule, LLC assesses its goodwill for impairment annually as of October 1, and more frequently if events and circumstances indicate that goodwill might be impaired. AirJoule, LLC determines the enterprise fair value using an income approach based on estimated discounted future cash flows. Determining the enterprise fair value is judgmental in nature and requires the use of significant estimates and assumptions, including revenue growth rates, EBITDA margins, discount rates, the Company’s market capitalization and future market conditions, among others. The level of judgment and estimation is inherently higher in uncertain economic times.

Given the uncertain economic times and AirJoule, LLC’s status as an early-stage company with limited operating history and the uncertainties regarding AirJoule, LLC’s successful development and commercialization of its products, there can be no assurance that the estimates and assumptions made for purposes of its goodwill impairment testing in 2024 will prove to be accurate predictions of the future. If AirJoule, LLC’s assumptions, including timing of revenue generation and forecasted EBITDA, are not achieved, then AirJoule, LLC may be required to record goodwill impairment charges in future periods.

|          |     | Year         
 Ended        
 December 31, 
 2024         |             |   |
|:---------|:----|:-------------|:------------|:--|
| Revenue  |     | $            | —           |   |
| Net loss |     | $            | (10,642,734 | ) |

F-22

AIRJOULE TECHNOLOGIES CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Note 6 — PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

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