Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 169

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 169
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17,168,101) 
    $(5,900,704)

The accompanying notes are an integral part
of these consolidated financial statements. 

F-5

AIRJOULE TECHNOLOGIES CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS

    Year Ended  December 31, 

    2024  
    2023 
  
    Cash flows from operating activities 

    Net income (loss) 
    $215,695,562  
    $(11,379,116)
  
    Adjustment to reconcile net income (loss) to cash used in operating activities: 

    Depreciation and amortization 
     6,517  
     4,341 
  
    Deferred tax expense 
     81,256,047  
     — 
  
    Amortization of operating lease right-of-use assets 
     29,282  
     21,216 
  
    Change in fair value of Earnout Shares liability 
     (29,197,000) 
     — 
  
    Change in fair value of True Up Shares liability 
     1,634,000  
     — 
  
    Change in fair value of Subject Vesting Shares liability 
     (3,973,000) 
     — 
  
    Gain on contribution to AirJoule, LLC 
     (333,500,000) 
     — 
  
    Equity loss from investment in AirJoule, LLC 
     5,321,367  
     — 
  
    Non-cash transaction costs in connection with business combination 
     53,721,000  
     — 
  
    Gain on settlement of legal fees 
     (2,207,445) 
     — 
  
    Share-based compensation 
     1,323,936  
     52,000 
  
    Changes in operating assets and liabilities: 

    Due from related party 
     (2,727,578) 
     — 
  
    Prepaid expenses and other current assets 
     (112,406) 
     (21,832)
  
    Other assets 
     (54,482) 
     — 
  
    Operating lease liabilities 
     (22,054) 
     (21,216)
  
    Accounts payable 
     (2,459,898) 
     2,444,