Company: AIRJW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0000950170-25-070295
Chunk: 0

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 0
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AIRJOULE TECHNOLOGIES CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

     March 31,

     December 31,

     2025

     2024

     (unaudited)

     Assets

     Current assets

     Cash, cash equivalents and restricted cash
      
     $
     23,000,515

     $
     28,021,748

     Due from related party

     501,844

     2,820,129

     Prepaid expenses and other current assets

     946,779

     613,754

     Total current assets

     24,449,138

     31,455,631

     Operating lease right-of-use asset

     139,162

     147,001

     Property and equipment, net

     14,785

     16,373

     Investment in AirJoule, LLC

     340,948,355

     338,178,633

     Other assets

     54,482

     54,482

     Total assets
      
     $
     365,605,922

     $
     369,852,120

     Liabilities and stockholders’ equity

     Current liabilities

     Accounts payable
      
     $
     326,510

     $
     79,202

     Other accrued expenses

     1,298,453

     1,720,318

     Operating lease liability, current

     32,124

     30,227

     True Up Shares liability

     —

     2,189,000

     Total current liabilities

     1,657,087

     4,018,747

     Earnout Shares liability

     11,692,000

     24,524,000

     Subject Vesting Shares liability

     2,345,000

     7,819,000

     Operating lease liability, non-current

     115,734

     124,002

     Deferred tax liability

     79,613,389

     81,256,047

     Total liabilities

     95,423,210

     117,741,796

     Commitments and contingencies (Note 12)

     Stockholders’ equity

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