Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 1241

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 7A
Chunk 1241
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valuation method was determined using an estimated weighted average
cost of capital of 12.5%, which reflects the risks inherent in future cash flow projections and represents a rate of return that
a market participant would expect for this asset. This fair value measurement was based on significant inputs not observable
in the market and thus represent Level 3 fair value measurement.

The Company’s share of the income (loss) reported by AirJoule,
LLC are classified as an equity gain (loss) from investment in AirJoule, LLC on the accompanying consolidated statements of operations.
The investment is evaluated for impairment annually and if facts and circumstances indicate that the carrying value may not be recoverable,
an impairment charge would be recorded.

F-18

The following tables set forth certain financial information of AirJoule,
LLC as of December 31, 2024 and for the year ended December 31, 2024:

    As of December 31, 2024 
  
    Total current assets 
    $2,330,386 
  
    In process research and development 
     674,700,000 
  
    Goodwill 
     534,353,000 
  
    Other non-current assets 
     5,796,941 
  
    Total assets 
    $1,217,180,327 

    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 Air