Company: BCHT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001477932-25-005905
Chunk: 37

Company: Birchtech Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 37
---
 Transactions Kaye Cooper Kay & Rosenberg, LLP provides certain legal services to the Company and the Company incurred $112,500 and $101,583 for the three months ended June 30, 2025 and 2024, respectively, and $225,000 and $202,277, respectively, for legal services rendered and disbursement incurred for the six months ended June 30, 2025 and 2024. David M. Kaye, a Director of the Company, is a partner of the law firm.  At June 30, 2025 and December 31, 2024, $37,500 and $37,500, respectively, was owed to the firm for services rendered.

 18Table of Content

 On January 31, 2023, the Company entered into a License and Supply Agreement with Dakin Holdings Ltd., a company incorporated in Barbados (“Dakin”), effective as of January 1, 2023 (the “Dakin Agreement”), pursuant to which Dakin has granted to the Company (i) a limited license to manufacture and produce for Dakin products comprising certain intellectual property owned by Dakin (the “Dakin IP”), and (ii) an exclusive license to commercialize the Dakin IP in the United States. In addition, the Company shall pay Dakin a license fee of $12,500 per month for a three-year period commencing as of the effective date and ending December 31, 2025, and pay Dakin a royalty on all sales in the United States of the products comprising the Dakin IP made by the Company. On November 18, 2024, the parties entered into an amendment to the Dakin Agreement which eliminated all further monthly license fees after September 30, 2024.  Dakin is a company owned and controlled by the Company’s Chief Executive Officer and President.  The Dakin Agreement is for a term of ten years unless terminated earlier under certain circumstances as set forth therein.  For the three months ended June 30, 2025 and 2024, Dakin incurred $0 and $37,500 license fees.  For the six months ended June 30, 2025 and 2024, Dakin incurred $0 and $75,000 license fees.   At June 30, 2025 and December 31, 2024, $0 and $0 was owed to Dakin for license fees. 

Note 8 - Operating Leases