Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 73

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 73
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$-  $14,847,937 Total Liabilities $14,847,937  $-  $-  $14,847,937  (1) See Note 8 - Related Party  The following tables present the Company’s liabilities that are measured at fair value on a non-recurring basis and are categorized using the fair value hierarchy.        Fair Value Measurement as of       December 31, 2024   Total  Level 1  Level 2  Level 3 Assets:                         Property and equipment (Construction in progress) $1,545,000  $-  $-  $1,545,000 Total Assets $1,545,000  $-  $-  $1,545,000      Fair Value Measurement as of      December 31, 2023   Total  Level 1  Level 2  Level 3 Assets:                         Property and equipment (Construction in progress) $1,588,000  $-  $-  $1,588,000 Total Assets $1,588,000  $-  $-  $1,588,000  Revenue Recognition The Company records revenue in accordance with ASC 606, Revenue from Contracts with Customers. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: Step 1: Identify the contract(s) with a customer.Step 2: Identify the performance obligations in the contract.Step 3: Determine the transaction price.Step 4: Allocate the transaction price to the performance obligations in the contract.Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.

 F-12Table of Contents

Revenue is recognized when the Company satisfies its performance obligation under the contract by transferring the promised product to its customer that obtains control of the product. A performance obligation is a promise in a contract to transfer a distinct product to a customer. Most of the Company’s contracts have a single performance obligation, as the promise to transfer products or services is not separately identifiable from other promises in