Company: BCHT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001477932-25-005905
Chunk: 100

Company: Birchtech Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 100
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 various tax jurisdictions, and compliance with federal, state, and city tax laws. Management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. Basic and Diluted Income (Loss) Per Common Share Income (loss) per share – basic is calculated by dividing net income (loss) by the weighted average number of shares of stock outstanding during the year, including shares issuable without additional consideration. Income per share – assuming dilution is calculated by dividing net income by the weighted average number of shares outstanding during the year adjusted for the effect of dilutive potential shares from options and warrants calculated using the treasury stock method and the if-converted method for preferred stock. There were no dilutive potential common shares for periods ended June 30, 2025 and 2024, because the Company incurred a net loss and basic and diluted losses per common share are the same.  Total common stock equivalents excluded from dilutive loss per share are as follows:   June 30,  June 30,   2025  2024        Stock options  8,400,000   9,362,500 Warrants  -   1,300,000 Restricted stock units  -   50,000 Total common stock equivalents excluded from dilutive loss per share   8,400,000   10,712,500  Concentration of Credit Risk Financial instruments that subject the Company to credit risk consist of cash and equivalents on deposit with financial institutions and accounts receivable. The Company’s cash as of June 30, 2025 and December 31, 2024 is maintained at high-quality financial institutions and has not incurred any losses to date. Accounts are guaranteed by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. At June 30, 2025 and December 31, 2024, the Company had $954,069 and $2,956,082, respectively, in excess of FDIC limits.

 13Table of Content

Customer and Supplier Concentration  For the six months ended June 30, 2025, three customers represented 32%, 12%, and 11% of the Company’s revenues, and for six months ended June 30, 2024, three customers represented 35%, 15%, and 14% of the Company’s revenues.  At June 30, 2025, three customers represented