v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash, cash equivalents and restricted cash $ 21,848,455 $ 28,021,748
Prepaid expenses and other current assets 750,648 613,754
Total current assets 23,811,617 31,455,631
Operating lease right-of-use asset 115,102 147,001
Property and equipment, net 24,544 16,373
Investment in AirJoule, LLC 316,657,273 338,178,633
Other assets 33,696 54,482
Total assets 340,642,232 369,852,120
Current liabilities    
Accounts payable 163,107 79,202
Other accrued expenses 2,066,218 1,720,318
Operating lease liability, current 34,437 30,227
True Up Shares liability 0 2,189,000
Total current liabilities 2,263,762 4,018,747
Earnout Shares liability 6,196,000 24,524,000
Subject Vesting Shares liability 1,180,000 7,819,000
Operating lease liability, non-current 89,564 124,002
Deferred tax liability 62,975,045 81,256,047
Total liabilities 72,704,371 117,741,796
Commitments and contingencies (Note 13)
Stockholders' equity    
Preferred stock, $0.0001 par value; 25,000,000 authorized shares and 0 shares issued and outstanding as of December 31, 2025 and December 31, 2024
Additional paid-in capital 78,444,477 53,577,270
Retained earnings 189,487,263 198,527,461
Total stockholders' equity 267,937,861 252,110,324
Total liabilities and stockholders' equity 340,642,232 369,852,120
Related Party    
Current assets    
Due from related party 1,212,514 2,820,129
Class A Common Stock    
Stockholders' equity    
Common stock value $ 6,121 $ 5,593