Company: AIRJW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0000950170-25-108487
Chunk: 0

Company: AirJoule Technologies Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 0
---
AIRJOULE TECHNOLOGIES CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

     June 30,

     December 31,

     2025

     2024

     (unaudited)

     Assets

     Current assets

     Cash, cash equivalents and restricted cash
      
     $
     30,502,711

     $
     28,021,748

     Due from related party

     545,013

     2,820,129

     Prepaid expenses and other current assets

     968,892

     613,754

     Total current assets

     32,016,616

     31,455,631

     Operating lease right-of-use asset

     131,235

     147,001

     Property and equipment, net

     23,872

     16,373

     Investment in AirJoule, LLC

     343,858,688

     338,178,633

     Other assets

     54,482

     54,482

     Total assets
      
     $
     376,084,893

     $
     369,852,120

     Liabilities and stockholders’ equity

     Current liabilities

     Accounts payable
      
     $
     296,587

     $
     79,202

     Other accrued expenses

     2,197,206

     1,720,318

     Operating lease liability, current

     32,886

     30,227

     True Up Shares liability

     —

     2,189,000

     Total current liabilities

     2,526,679

     4,018,747

     Earnout Shares liability

     5,416,000

     24,524,000

     Subject Vesting Shares liability

     1,411,000

     7,819,000

     Operating lease liability, non-current

     107,113

     124,002

     Deferred tax liability

     78,054,508

     81,256,047

     Total liabilities

     87,515,300

     117,741,796

     Commitments and contingencies (Note 12)

     Stockholders’ equity

     Preferred stock, $0.0001 par value; 25,000,000 authorized shares and 0