Company: BCHT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001477932-25-008185
Chunk: 16

Company: Birchtech Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 -   -   - Weighted-average shares used in the calculation of diluted earnings per share  98,000,381   96,125,797   96,449,742   94,992,520 Diluted earnings (loss) per share  0.01   (0.00 ) $(0.03 ) $(0.10 )

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 Total common stock equivalents excluded from dilutive loss per share are as follows:   September 30,  September 30,   2025  2024        Stock options  7,775,000   9,300,000 Warrants  -   775,000 Restricted stock units  -   50,000 Total common stock equivalents excluded from dilutive loss per share   7,775,000   10,125,000  Concentration of Credit Risk Financial instruments that subject the Company to credit risk consist of cash and equivalents on deposit with financial institutions and accounts receivable. The Company’s cash as of September 30, 2025 and December 31, 2024 is maintained at high-quality financial institutions and has not incurred any losses to date. Accounts are guaranteed by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. At September 30, 2025 and December 31, 2024, the Company had $1,268,227 and $2,956,082, respectively, in excess of FDIC limits. Customer and Supplier Concentration  For the nine months ended September 30, 2025, three customers represented 26%, 10%, and 10% of the Company’s revenues, and for nine months ended September 30, 2024, three customers represented 36%, 17%, and 11% of the Company’s revenues.  At September 30, 2025, two customers represented 28% and 27% of the Company’s accounts receivable, and at December 31, 2024, three customers represented 32%, 26% and 9% of the Company’s accounts receivable  For the nine months ended September 30, 2025, 91% of the Company’s purchases related to two suppliers.  For the nine months ended September 30, 2024, 85% of the Company’s purchases related to two suppliers. At