Company: VGASW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001628280-25-040155
Chunk: 42

Company: Verde Clean Fuels, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 assessing performance. The Company’s CODM is its CEO. The Company has determined that it operates in one operating segment, as the CODM reviews financial information presented on a combined basis for purposes of making operating decisions, allocating resources, and evaluating financial performance. The Company’s segment reporting is consistent with its internal reporting to its CODM. The following table presents information about the Company’s significant expenses. A significant segment expense is an expense that is significant to the segment considering qualitative and quantitative factors, regularly provided or easily computed from information regularly provided to the CODM and is included in the reported measure of segment profit or loss. The Company’s significant expenses are aggregated and presented as general and administrative and research and development financial statement line items on the unaudited Condensed Consolidated Statements of Operations. Other segment items represent the difference between reported significant segment expenses and consolidated operating loss. Significant segment expenses and other segment items are reviewed by the CODM on a disaggregated basis as follows:Three Months EndedSix Months EndedJune 30, 2025June 30, 2024June 30, 2025June 30, 2024Outside services$1,041,772 $1,468,002 $2,289,389 $2,942,826 Employee compensation-related984,279 704,948 1,742,494 1,205,216 Insurance255,009 338,313 548,522 717,676 Share-based compensation494,959 262,627 911,509 511,327 Rent, property and office326,450 220,409 693,109 427,229 Other segment items (1)137,093 167,495 235,367 232,731 Total operating loss$3,239,562 $3,161,794 $6,420,390 $6,037,005 (1) Other segment items primarily include depreciation and amortization, meals, travel and conference expense and franchise taxes.

NOTE 13 – SUBSEQUENT EVENTS

On July 4, 2025, the “One Big, Beautiful Bill Act” ("OBBBA") was signed into federal law. The OBBBA included multiple provisions applicable to U.S. income tax for businesses, including bonus depreciation for qualified tangible property, immediate expensing of research expenditures, and updates to the calculation of disallowed interest. The Company is currently evaluating the potential impact of these provisions. Any impact to the Company