Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 1739

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 1739
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 – Taxes  Below is breakdown of the income tax provisions for the years ended December 31:    2024  2023 Federal      Current $-  $- Deferred  -   - State and local        Current  (303,321 )  473,000 Deferred  -   - Income tax provision $(303,321 ) $473,000  The expected tax expense (benefit) based on the statutory rate is reconciled with actual tax expense (benefit) as follows:   For theYear EndedDecember 31,2024  For theYear EndedDecember 31,2023 U.S. federal statutory rate  21.0%  21.0%State taxes  1.9%  9.8%Deferred tax asset adjustments  (11.5 )%  4.3%Non-deductible amortization of debt discount  (0.4 )% -% Other non-deductible items  (0.1 )%  1.9%Non-taxable change in profit share liability  (8.6 )%  41.7%Change in valuation allowance  (0.3 )%  (70.3 )%Income tax provision  2.6%  8.4% Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows at December 31:   2024  2023 Deferred tax assets:      Net operating loss carryforwards $3,595,000  $2,751,000 Stock based compensation  799,000   1,517,000 Other  152,000   186,000 Total deferred tax assets  4,546,000   4,454,000 Deferred tax liability:        IRC Section 481(a) adjustment  (125,000)   -          Valuation Allowance  (4,421,000 )  (4,454,000 )         Net deferred tax asset $-  $- 

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As of December 31, 2024