Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Reconciles Segment Profit or Loss to Consolidated Net Income (Loss)

The following table reconciles segment profit or loss to consolidated net income on the condensed consolidated statements of operations:


		Three Months Ended June 30,								Six Months Ended June 30,
		2025				2024				2025				2024
Interest income	$		283,733		$		216,480		$		526,758		$		242,626
Gain on contribution to AirJoule, LLC			—				—				—				333,500,000
Net change in fair value of liabilities			7,210,000				14,687,000				25,622,106				4,859,000
Other income			—				2,207,445				—				2,207,445
Less:
General and administrative			3,751,211				3,211,205				6,537,695				4,024,444
Research and development			401,623				1,050,804				789,542				1,896,961
Transaction costs incurred in connection with business combination			—				—				—				54,693,103
Income tax expense (benefit)			(1,558,882	)			(1,237,824	)			(3,201,539	)			84,487,339
Other segment items (1)			2,386,568				656,845				4,631,295				722,037
Segment net income	$		2,513,213		$		13,429,895		$		17,391,871		$		194,985,187

(1)

Other segment items included in segment net income include sales and marketing, depreciation and amortization expense, change in fair value of the Equity Line Obligation liability and equity loss from investment in AirJoule, LLC

Schedule of Reconciles Segment Assets to Consolidated Assets

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


		June 30,			December 31,
		2025			2024
Investment in AirJoule, LLC	$		343,858,688	$		338,178,633
Other segment assets (1)			32,226,205			31,673,487
Segment assets			376,084,893			369,852,120
Adjustments and reconciling items			—			—
Consolidated assets	$		376,084,893	$		369,852,120

(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