Company: VGASW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052351
Chunk: 12

Company: Verde Clean Fuels, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 EndedSeptember 30,Nine Months EndedSeptember 30,(in thousands, except share and per share amounts)2025202420252024General and administrative expenses$2,752 $2,694 $8,844 $8,472 Research and development expenses128 91 457 350 Total operating loss2,880 2,785 9,301 8,822 Other (income)(650)(291)(1,846)(954)Loss before income taxes(2,230)(2,494)(7,455)(7,868)Income tax expense (benefit)104 - 129 (14)Net loss$(2,334)$(2,494)$(7,584)$(7,854)Net loss attributable to noncontrolling interest$(1,179)$(1,716)$(3,922)$(5,400)Net loss attributable to Verde Clean Fuels, Inc.$(1,155)$(778)$(3,662)$(2,454)Earnings per shareWeighted average Class A common stock outstanding, basic and diluted18,836,0786,336,07817,508,2396,269,230Loss per share of Class A common stock$(0.06)$(0.12)$(0.21)$(0.39)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

2

VERDE CLEAN FUELS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(Unaudited)

Condensed Consolidated Statement of Stockholders’ Equity for the Three Months Ended September 30, 2025 

(in thousands, except share and per share amounts)Class A CommonClass C CommonAdditional  Paid InCapitalAccumulated Deficit Non controlling Interest Total Stockholders’ Equity SharesValuesSharesValuesBalance – June 30, 202522,049,621$2 22,500,000$2 $62,797 $(29,764)$32,710 $65,747 Share-based compensation-- -- 632 - - 632 Net loss-- -- - (1,155)(1,179)(2,334)Balance – September 30, 202522,049,621$2 22,500,000$2 $63,429 $(30,919)$31,531 $