v3.25.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Cost and expenses:        
General and administrative $ 2,786,484 $ 813,239 $ 9,042,150 $ 7,540,702
Research and development 387,919 846,157 2,020,388 3,305,612
Sales and marketing 14,209 37,725 150,927 540,002
Transaction costs incurred in connection with business combination 54,693,103 54,693,103
Depreciation and amortization 1,588 1,085 6,517 4,341
Loss from operations (3,190,200) (56,391,309) (65,913,085) (11,390,657)
Other income (expense):        
Interest income 243,024 26,146 932,371 11,541
Gain on contribution to AirJoule, LLC 333,500,000 333,500,000
Equity loss from investment in AirJoule, LLC (2,230,278) (26,382) (5,321,367)
Change in fair value of Earnout Shares liability 12,832,000 (7,672,000) 29,197,000
Change in fair value of True Up Shares liability 106,106 269,000 (1,634,000)
Change in fair value of Subject Vesting Shares liability 5,474,000 (2,425,000) 3,973,000
Gain on settlement of legal fees     2,207,445
Other income 1,348 10,245
Total other income, net 16,426,200 323,671,764 362,864,694 11,541
Income before income taxes 13,236,000 267,280,455 296,951,609 (11,379,116)
Income tax benefit (expense) 1,642,658 (85,725,163) (81,256,047)
Net income $ 14,878,658 $ 181,555,292 $ 215,695,562 $ (11,379,116)
Class A Common Stock        
Other income (expense):        
Weighted average common stock outstanding, basic (in Shares) 56,047,662 37,155,326 47,964,244 32,680,981
Basic net income per share, common stock (in Dollars per share) $ 0.27 $ 4.33 $ 4.15 $ (0.3)
Weighted average common stock outstanding, diluted (in Shares) 57,111,807 38,631,753 49,461,753 32,680,981
Diluted net income, per share, common stock (in Dollars per share) $ 0.26 $ 4.18 $ 4.03 $ (0.3)
Class B Common Stock        
Other income (expense):        
Weighted average common stock outstanding, basic (in Shares) 4,759,642 4,068,516 4,759,642
Basic net income per share, common stock (in Dollars per share) $ 4.33 $ 4.15 $ (0.3)
Weighted average common stock outstanding, diluted (in Shares) 4,759,642 4,068,516 4,759,642
Diluted net income, per share, common stock (in Dollars per share) $ 4.18 $ 4.03 $ (0.3)