Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | Note 6 — RELATED PARTY TRANSACTIONS Due from Related Party
In November 2024, the Company executed a statement of work with AirJoule, LLC, dated as of March 4, 2024, by and between the Company and AirJoule, LLC, pursuant to which the Company will provide AirJoule, LLC with engineering and administrative services. In November 2025, the statement of work was extended from its original March 2026 maturity to December 2026. Reimbursement of costs incurred during the three months ended June 30, 2026 was $0.5 million and $0.3 million of general and administrative and research and development expenses, respectively. Reimbursement of costs incurred during the six months ended June 30, 2026 was $1.0 million and $0.5 million of general and administrative and research and development expenses, respectively. Reimbursement of costs incurred during the three months ended June 30, 2025 was $0.4 million and $0.1 million of general and administrative and research and development expenses, respectively. Reimbursement of costs incurred during the six months ended June 30, 2025 was $0.8 million and $0.3 million of general and administrative and research and development expenses, respectively. Related Party Equity Transactions The Company granted awards to the employees of AirJoule, LLC during the six months ended June 30, 2026. The number of restricted stock units granted to the employees of AirJoule, LLC was 575,495. |