Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 1183

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 7
Chunk 1183
---
,562  
     (11,379,116)
  
    Reconciliation of profit or loss 

    Adjustments and reconciling items 
     —  
     — 
  
    Consolidated net income (loss) 
    $215,695,562  
    $(11,379,116)

(1)Other
segment items included in segment net income (loss) include sales and marketing, depreciation and amortization expense and equity loss
from investment in AirJoule, LLC

The following table reconciles segment assets to consolidated assets
on the consolidated balance sheets:

    December 31, 

    2024  
    2023 
  
    Investment in AirJoule, LLC 
    $338,178,633  
    $— 
  
    Other segment assets (1) 
     31,673,487  
     556,135 
  
    Segment assets 
     369,852,120  
     556,135 
  
    Adjustments and reconciling items 
     —  
     — 
  
    Total assets 
    $369,852,120  
    $556,135 

(1)Other
segment assets included cash, cash equivalents and restricted cash, due from related party, prepaid expenses, operating lease right-of-use
asset, and property and equipment, net

The CODM uses net income (loss) to monitor budget versus actual results,
assess performance and how to allocate resources. The key measures of segment profit or loss reviewed by our CODM are general and administrative
expenses, research and development expenses and interest earned on the Company’s interest-bearing accounts. General and administrative
and research and development expenses are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available
to meet current and future needs, which include working capital requirements, capital expenditures and other general corporate services.
Primary working capital requirements are for project execution and development of the Company’s technology which includes purchases
of materials, services, payroll and development of market and strategic relationships with other businesses and customers. The CODM reviews
interest earned to measure cash inflow and determine the most effective strategy of investment with the interest-bearing accounts while
maintaining compliance with the Company’s investment policy. Additionally, the CODM reviews the company’s investment in AirJoule,
LLC for material changes including potential impairment resulting from events or changes in circumstances indicating that a decline in
value has occurred