v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash, cash equivalents and restricted cash $ 30,502,711 $ 28,021,748
Prepaid expenses and other current assets 968,892 613,754
Total current assets 32,016,616 31,455,631
Operating lease right-of-use asset 131,235 147,001
Property and equipment, net 23,872 16,373
Investment in AirJoule, LLC 343,858,688 338,178,633
Other assets 54,482 54,482
Total assets 376,084,893 369,852,120
Current liabilities    
Accounts payable 296,587 79,202
Other accrued expenses 2,197,206 1,720,318
Operating lease liability, current 32,886 30,227
True Up Shares liability 2,189,000
Total current liabilities 2,526,679 4,018,747
Earnout Shares liability 5,416,000 24,524,000
Subject Vesting Shares liability 1,411,000 7,819,000
Operating lease liability, non-current 107,113 124,002
Deferred tax liability 78,054,508 81,256,047
Total liabilities 87,515,300 117,741,796
Commitments and contingencies (Note 12)
Stockholders' equity    
Preferred stock, $0.0001 par value; 25,000,000 authorized shares and 0 shares issued and outstanding as of June 30, 2025 and December 31, 2024
Additional paid-in capital 72,644,217 53,577,270
Retained earnings 215,919,332 198,527,461
Total stockholders’ equity (deficit) 288,569,593 252,110,324
Total liabilities and stockholders’ equity 376,084,893 369,852,120
Related Party    
Current assets    
Due from related party 545,013 2,820,129
Class A Common Stock    
Stockholders' equity    
Common stock value $ 6,044 $ 5,593