v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current assets      
Cash, cash equivalents and restricted cash $ 23,000,515 $ 28,021,748 $ 375,796
Prepaid expenses and other current assets 946,779 613,754 126,971
Total current assets 24,449,138 31,455,631 502,767
Operating lease right-of-use asset 139,162 147,001 49,536
Property and equipment, net 14,785 16,373 3,832
Investment in AirJoule, LLC 340,948,355 338,178,633
Other assets 54,482 54,482
Total assets 365,605,922 369,852,120 556,135
Current liabilities      
Accounts payable 326,510 79,202 2,518,763
Accrued transaction fees   3,644,100
Other accrued expenses 1,298,453 1,720,318 244,440
Operating lease liability, current 32,124 30,227 22,237
True Up Shares liability 2,189,000
Total current liabilities 1,657,087 4,018,747 6,429,540
Earnout Shares liability 11,692,000 24,524,000
Subject Vesting Shares liability 2,345,000 7,819,000
Operating lease liability, non-current 115,734 124,002 27,299
Deferred tax liability 79,613,389 81,256,047
Total liabilities 95,423,210 117,741,796 6,456,839
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 March 31, 2025 and December 31, 2024
Additional paid-in capital 56,770,957 53,577,270 11,263,647
Retained earnings 213,406,119 198,527,461 (17,168,101)
Total stockholders’ equity 270,182,712 252,110,324 (5,900,704)
Total liabilities and stockholders’ equity 365,605,922 369,852,120 556,135
Class A Common Stock      
Stockholders’ equity      
Common stock value 5,636 5,593 3,274
Class B Common Stock      
Stockholders’ equity      
Common stock value   476
Related Party      
Current assets      
Due from related party $ 501,844 $ 2,820,129