Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 281

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 281
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Tested the clerical accuracy of the profit share liability calculation.

/s/ Rosenberg Rich Baker Berman, P.A.

We have served as the Company’s auditor since 2023. 

Somerset, New Jersey 

March 31, 2025

 F-2Table of Contents

BIRCHTECH CORP. AND SUBSIDIARIES

(formerly Midwest Energy Emissions Corp.) 

CONSOLIDATED BALANCE SHEETS 

  December 31, 2024  December 31,2023(as restated)        ASSETS      Current assets      Cash $3,456,082  $20,939,762 Accounts receivable  1,823,232   3,076,462 Inventory  621,813   795,164 Prepaid expenses and other assets  198,185   183,621 Total current assets  6,099,312   24,995,009          Security deposits  6,615   5,175 Property and equipment, net  2,350,688   1,595,958 Right of use asset - operating lease  305,142   10,639 Intellectual property, net  1,499,463   1,704,063 Total assets $10,261,220  $28,310,844          LIABILITIES AND STOCKHOLDERS’ DEFICIT                 Current liabilities        Accounts payable and accrued expenses (related party $37,500 and $107,454 at December 31, 2024 and December 31, 2023, respectively) $1,702,998  $1,558,450 Income tax payable  -   437,821 Current portion of operating lease liability  42,733   11,157 Customer credits  167,000   167,000 Accrued salaries  39,280   8,936 Profit share liability – related party  6,853,858   - Total current liabilities  8,805,869   2,183,364          Operating lease liability, net of current portion  263,490   - Secured note payable, net of discount – related party  -   239,466 Unsecured note payable