v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash, cash equivalents and restricted cash $ 41,417,134 $ 21,848,455
Prepaid expenses and other current assets 983,726 750,648
Total current assets 43,175,366 23,811,617
Operating lease right-of-use asset 98,584 115,102
Property and equipment, net 34,166 24,544
Investment in AirJoule, LLC 263,498,454 316,657,273
Other assets 33,696 33,696
Total assets 306,840,266 340,642,232
Current liabilities    
Accounts payable 316,624 163,107
Other accrued expenses 1,838,594 2,066,218
Operating lease liability, current 36,046 34,437
Total current liabilities 2,191,264 2,263,762
Earnout Shares liability 7,161,000 6,196,000
Subject Vesting Shares liability 3,469,000 1,180,000
Operating lease liability, non-current 71,067 89,564
Deferred tax liability 45,310,133 62,975,045
Total liabilities 58,202,464 72,704,371
Commitments and contingencies (Note 9)
Stockholders' equity    
Preferred stock, $0.0001 par value; 25,000,000 authorized shares and 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Additional paid-in capital 117,502,404 78,444,477
Retained earnings 131,128,157 189,487,263
Total stockholders' equity 248,637,802 267,937,861
Total liabilities and stockholders’ equity 306,840,266 340,642,232
Related Party    
Current assets    
Due from related party 774,506 1,212,514
Class A Common Stock    
Stockholders' equity    
Common stock value $ 7,241 $ 6,121