Company: BCHT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003808
Chunk: 0

Company: Birchtech Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
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BIRCHTECH CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS 

  March 31, 2025(Unaudited)  December 31,2024        ASSETS Current assets      Cash $3,187,594  $3,456,082 Accounts receivable  1,278,280   1,823,232 Inventory  592,170   621,813 Prepaid expenses and other assets  140,112   198,185 Total current assets  5,198,156   6,099,312          Security deposits  6,615   6,615 Property and equipment, net  2,354,543   2,350,688 Right of use asset - operating lease  294,125   305,142 Intellectual property, net  1,448,313   1,499,463 Total assets $9,301,752  $10,261,220          LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY                 Current liabilities        Accounts payable and accrued expenses (related party $65,378 and $37,500 at March 31, 2025 and December 31, 2024, respectively) $2,006,630  $1,702,998 Income tax payable  -   - Current portion of operating lease liability  44,464   42,733 Customer credits  167,000   167,000 Accrued salaries  51,668   39,280 Profit share liability – related party  7,207,209   6,853,858 Total current liabilities  9,476,971   8,805,869          Operating lease liability, net of current portion  251,613   263,490 Total liabilities  9,728,584   9,069,359          Commitments and contingencies (Note 9)                 Stockholders’ (deficit) equity         Preferred stock, $0.001 par value: 2,000,000 shares authorized, no shares issued  -   - Common stock, $0.001 par value; 150,000,