Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 108

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 108
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 The Company is a provider of specialty activated carbon technologies and, at December 31, 2024, had one operating segment, which entails the providing of patented sorbent technologies for mercury emissions capture for the coal-fired utility sector in the United States.   There are no segment managers who are held accountable for operations, operating results or plans for levels or components below the consolidated unit level. Accordingly, management has determined that the Company has a single operating and reportable segment. The accounting policies related to operating and reportable segments are the same as those described in Note 4, “Basis of Presentation and Summary of Significant Accounting Policies”. The primary measure of segment profit or loss is consolidated net income as presented below and is used the by CEO for the purpose of evaluating segment performance and allocation of budget to support business expansion, new product development and operational efficiencies.  F-30Table of Contents    2024  2023        Material sales $14,481,784  $17,092,996 License fees  2,808,125   387,500 Other revenues  116,276   144,874 Total revenues  17,406,185   17,625,370          Material costs  (7,686,447 )  (8,898,747 )Blending and milling  (377,598 )  (769,167 )Shipping  (1,081,781 )  (1,380,051 )Other cost of goods sold  (700,279 )  (652,688 )Compensation and benefits  (6,148,100 )  (2,577,473 )Stock-based compensation  (1,088,922 )  (573,783 )Amortization and depreciation  (248,084 )  (228,962 )Consulting fees  (879,800 )  (109,381 )Professional fees  (4,722,313 )  (9,717,572 )General and administrative  (1,588,129 )  (1,471,311 )Change in fair value of profit share  (3,959,065 )  (11,209,677 )Interest expense  (267,458 )  (1,362,401 )Impairment loss  (43,000 )  (219,707