Company: AIRJW
Filing Date: 2025-05-27
Form Type: POS AM
Source: 0001213900-25-047828
Chunk: 211

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-27
Form: POS AM
Chunk 211
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 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-55 AIRJOULE TECHNOLOGIES CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Note 6 — PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

|                                |     |   |        As of 
 December 31, 
         2024 |   |     |   |        As of 
 December 31, 
         2023 |   |
|:-------------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Machinery and equipment        |     | $ |       26,786 |   |     | $ |        7,728 |   |
| Vehicles                       |     |   |        5,295 |   |     |   |        5,295 |   |
| Total cost                     |     |   |       32,081 |   |     |   |       13,023 |   |
| Less: Accumulated depreciation |     |   |      (15,708 | ) |     |   |       (9,191 | ) |
| Property and equipment, net    |     | $ |       16,373 |   |     | $ |        3,832 |   |

Depreciation expense related to the Company’s
property and equipment was $ and $ for the years ended December 31, 2024 and 2023, respectively, which were included
within depreciation and amortization in the consolidated statements of operations.

Note 7 — OTHER ACCRUED EXPENSES

The following table summarizes other accrued expenses:

|                              |     |   |        As of 
 December 31, 
         2024 |     |   |        As of 
 December 31, 
         2023 |
|:-----------------------------|:----|:--|-------------:|