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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash $ 34,648,611 $ 375,796
Prepaid expenses and other current assets 1,307,501 126,971
Total current assets 35,956,112 502,767
Operating lease right-of-use asset 162,476 49,536
Property and equipment, net 8,085 3,832
Investment in AirJoule, LLC 342,892,830
Total assets 379,019,503 556,135
Current liabilities    
Accounts payable 768,438 2,518,763
Accrued transaction fees 50,000 3,644,100
Other accrued expenses 2,275,904 244,440
Operating lease liability, current 25,368 22,237
True Up Shares liability 422,000
Total current liabilities 3,541,710 6,429,540
Earnout Shares liability 48,329,000
Subject Vesting Shares liability 12,458,000
Operating lease liability, non-current 139,999 27,299
Deferred tax liability 84,487,339
Total liabilities 148,956,048 6,456,839
Commitments and contingencies (Note 12)
Stockholders’ equity (deficit)    
Preferred stock, $0.0001 par value; 25,000,000 authorized shares and 0 shares issued and outstanding as of June 30, 2024 and December 31, 2023
Additional paid-in capital 52,240,783 11,263,647
Retained earnings (accumulated deficit) 177,817,086 (17,168,101)
Total stockholders’ equity (deficit) 230,063,455 (5,900,704)
Total liabilities and stockholders’ equity (deficit) 379,019,503 556,135
Class A Common Stock    
Stockholders’ equity (deficit)    
Common stock value 5,110 3,274
Class B Common Stock    
Stockholders’ equity (deficit)    
Common stock value $ 476 $ 476