Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 1515

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 9B
Chunk 1515
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 on the statement of operations. The measure of segment
assets is reported on the consolidated balance sheet as total assets.

F-32

The following table reconciles segment profit or loss to consolidated
net income (loss) on the consolidated statements of operations:

    Year Ended December 31, 

    2024  
    2023 
  
    Interest income 
    $932,371  
    $11,541 
  
    Gain on contribution to AirJoule, LLC 
     333,500,000  
     — 
  
    Net change in fair value of liabilities 
     31,536,000  
     — 
  
    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 
     —