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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Costs and expenses:        
General and administrative $ 3,211,205 $ 1,813,014 $ 4,024,444 $ 2,031,189
Research and development 1,050,804 1,099,143 1,896,961 1,704,087
Sales and marketing 74,841 128,153 112,566 138,576
Transaction costs incurred in connection with business combination 54,693,103
Depreciation and amortization 1,216 1,085 2,301 2,170
Loss from operations (4,338,066) (3,041,395) (60,729,375) (3,876,022)
Other income, net:        
Interest income 216,480 3,551 242,626 3,551
Gain on investment in AirJoule, LLC 333,500,000
Equity loss from investment in AirJoule, LLC (580,788) (607,170)
Change in fair value of Earnout Shares liability 13,064,000 5,392,000
Change in fair value of True Up Shares liability (136,000) 133,000
Change in fair value of Subject Vesting Shares 1,759,000 (666,000)
Gain on settlement of legal fees 2,207,445 2,207,445
Total other income (expenses), net 16,530,137 3,551 340,201,901 3,551
Income (loss) before income taxes 12,192,071 (3,037,844) 279,472,526 (3,872,471)
Income tax benefit (expense) 1,237,824 (84,487,339)
Net income (loss) $ 13,429,895 $ (3,037,844) $ 194,985,187 $ (3,872,471)
Class A Common Stock        
Other income, net:        
Weighted average common stock outstanding, basic (in Shares) 49,560,529 32,667,171 43,357,928 32,633,380
Basic net income (loss) per share, common stock (in Dollars per share) $ 0.25 $ (0.08) $ 4.05 $ (0.1)
Weighted average common stock outstanding, diluted (in Shares) 51,358,716 32,667,171 44,995,234 32,633,380
Diluted net income (loss) per share, common stock (in Dollars per share) $ 0.24 $ (0.08) $ 3.92 $ (0.1)
Class B Common Stock        
Other income, net:        
Weighted average common stock outstanding, basic (in Shares) 4,759,642 4,759,642 4,759,642 4,759,642
Basic net income (loss) per share, common stock (in Dollars per share) $ 0.25 $ (0.08) $ 4.05 $ (0.1)
Weighted average common stock outstanding, diluted (in Shares) 4,759,642 4,759,642 4,759,642 4,759,642
Diluted net income (loss) per share, common stock (in Dollars per share) $ 0.24 $ (0.08) $ 3.92 $ (0.1)