| Schedule of Balance Sheet Information |
The following table contains balance sheet information of AirJoule,
LLC as of March 31, 2025 and December 31, 2024:
| | |
As of
March 31,
2025 | | |
As of
December 31,
2024 | |
| Total current assets | |
$ | 1,034,825 | | |
$ | 2,330,386 | |
| Total non-current assets | |
| 1,215,043,955 | | |
| 1,214,849,941 | |
| Total assets | |
$ | 1,216,078,780 | | |
$ | 1,217,180,327 | |
| | |
| | | |
| | |
| Total current liabilities | |
| 3,047,482 | | |
| 4,531,668 | |
| Total non-current liabilities | |
| 4,189,682 | | |
| 4,238,293 | |
| Total liabilities | |
$ | 7,237,164 | | |
$ | 8,769,961 | |
| Equity | |
| 1,208,841,616 | | |
| 1,208,410,366 | |
| Total liabilities and equity | |
$ | 1,216,078,780 | | |
$ | 1,217,180,327 | |
|
The following tables set forth certain financial
information of AirJoule, LLC as of December 31, 2024 and for the year ended December 31, 2024:
| | |
As of
December 31,
2024 | |
| Total current assets | |
$ | 2,330,386 | |
| In process research and development | |
| 674,700,000 | |
| Goodwill | |
| 534,353,000 | |
| Other non-current assets | |
| 5,796,941 | |
| Total assets | |
$ | 1,217,180,327 | |
| | |
| | |
| Total current liabilities | |
$ | 4,531,668 | |
| Total non-current liabilities | |
| 4,238,293 | |
| Total liabilities | |
| 8,769,961 | |
| Members capital contribution | |
$ | 1,219,053,100 | |
| Accumulated deficit | |
| (10,642,734 | ) |
| Total member’s equity | |
| 1,208,410,366 | |
| Total liabilities and equity | |
$ | 1,217,180,327 | |
|
| Schedule of Statement of Operations Information |
The following table contains statement of
operations information of AirJoule, LLC for the three months ended March 31, 2025 and for the period from March 4, 2024 (AirJoule
JV inception) to March 31, 2024:
| | |
Three
Months Ended
March 31,
2025 | | |
For the
period from
March
4,
2024 to March 31,
2024 | |
| Revenue | |
$ | — | | |
$ | — | |
| Expenses | |
| (4,784,805 | ) | |
| (64,853 | ) |
| Other income | |
| 216,055 | | |
| 12,090 | |
| Net loss | |
$ | (4,568,750 | ) | |
$ | (52,763 | ) |
|
Based on the Company’s assessment performed, no impairment to AirJoule, LLC’s goodwill or the Company’s
equity method investment was identified as of December 31, 2024.
| | |
Year
Ended
December 31,
2024 | |
| Revenue | |
$ | — | |
| Net loss | |
$ | (10,642,734 | ) |
|