Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 289

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 289
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   (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  $(235,699 ) $5,668,314              Net loss per common share - basic and diluted: $0.06  $-  $0.06 

 F-8Table of Contents

The following table presents the impact of the financial statement adjustments on the Company’s previously reported Consolidated Statements of Changes in Stockholder’s Equity for the years ended December 31, 2023 and 2022:   Accumulated Deficit    As Reported  Adjustment  As Restated           Balance – January 1, 2022 $(67,116,913 ) $-  $(67,116,913 )             Net loss  (1,581,476 )  1,078,950   (502,526 )             Balance December 31, 2022  (68,698,389 )  1,078,950   (67,619,439 )             Net income  5,904,013   (235,699 )  5,668,314              Balance December 31, 2023 $(62,794,376 ) $(843,251 ) $(61,951,125 ) The following table presents the impact of the financial statement adjustments on the Company’s previously reported Consolidated Statement of Cash Flows for the year ended December 31, 2023: CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS   FOR THE YEAR ENDED DECEMBER 31, 2023   As previously reported  Adjustment   As restated Cash flows from operating activities         Net income (loss) $5,904,013  $(235,