Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 418

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 418
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 Financial Statements The following table presents the impact of the financial statement adjustments on the Company’s previous reported consolidated Balance Sheet as of December 31, 2023: CONSOLIDATED BALANCE SHEETS           DECEMBER 31, 2023   As previously reported  Adjustment  As restated ASSETS AND STOCKHOLDERS’ EQUITY (DEFICIT)           Accounts receivable $2,233,211  $843,251  $3,076,462 Total current assets  24,151,758   843,251   24,995,009 Total assets  27,467,593   843,251   28,310,844              Stockholders’ equity (deficit)            Accumulated deficit  (62,794,376 )  843,251   (61,951,125 )             Total stockholders’ equity (deficit)  (782,897 )  843,251   60,354              Total liabilities and stockholders’ equity (deficit) $27,467,593  $843,251  $28,310,844  The following table presents the impact of the financial statement adjustments on the Company’s previously reported Consolidated Statement of Operations for the year ended December 31, 2023: CONSOLIDATED STATEMENT OF OPERATIONS            FOR THE YEAR ENDED DECEMBER 31, 2023   As previously reported  Adjustment   As restated           Revenue $17,940,370  $(315,000 ) $17,625,370 Gross Profit  5,767,996   (315,000 )  5,452,996 Operating (loss) income    (8,658,472)    (315,000)    (8,973,472) Interest income  -   79,301   79,301 Total other income  15,035,698   79,301   15,114,999              Income (loss) before provision for income taxes  6,377,226   (235,699 )  6,141,527              Net income (loss) $5,904,013  $(