Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 874

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 4
Chunk 874
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 — 
  
    Other income 
     2,217,690  
     — 
  
    Less: 

    General and administrative 
     9,042,150  
     7,540,702 
  
    Research and development 
     2,020,388  
     3,305,612 
  
    Transaction costs incurred in connection with business combination 
     54,693,103  
     — 
  
    Income tax expense 
     81,256,047  
     — 
  
    Other segment items (1) 
     5,478,811  
     544,343 
  
    Segment net income (loss) 
     215,695,562  
     (11,379,116)
  
    Reconciliation of profit or loss 

    Adjustments and reconciling items 
     —  
     — 
  
    Consolidated net income (loss) 
    $215,695,562  
    $(11,379,116)

(1)Other
segment items included in segment net income (loss) include sales and marketing, depreciation and amortization expense and equity loss
from investment in AirJoule, LLC

The following table reconciles segment assets to consolidated assets
on the consolidated balance sheets:

    December 31, 

    2024  
    2023 
  
    Investment in AirJoule, LLC 
    $338,178,633  
    $— 
  
    Other segment assets (1) 
     31,673,487  
     556,135 
  
    Segment assets 
     369,852,120  
     556,135 
  
    Adjustments and reconciling items 
     —  
     — 
  
    Total assets 
    $369,852,120  
    $556,135 

(1)Other
segment assets included cash, cash equivalents and restricted cash, due from related party, prepaid expenses, operating lease right-of-use
asset, and property and equipment, net

The CODM uses net income (loss) to monitor budget versus actual results,
assess performance and how to allocate resources. The key measures of segment profit or loss reviewed by our CODM are general and administrative
expenses, research and development expenses and interest earned on the Company’s interest-bearing accounts. General and administrative
and research and development expenses are reviewed and