Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 60

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 60
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 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, net of discount and issuance costs – related party  -   10,979,723 Profit share liability – related party  -   14,847,937 Total liabilities  9,069,359   28,250,490          Commitments and contingencies (Note 10)                 Stockholders’ equity (deficit)        Preferred stock, $0.001 par value: 2,000,000 shares authorized, no shares issued  -   - Common stock, $0.001 par value; 150,000,000 shares authorized 96,178,153 and 94,360,107 shares issued and outstanding as of December 31, 2024 and December 31, 2023 respectively.  96,178   94,360 Additional paid-in capital  73,848,919   61,917,119 Accumulated deficit  (72,753,236 )  (61,951,125 )         Total stockholders’ equity (deficit)  1,191,861   60,354          Total liabilities and stockholders’ equity (deficit) $10,261,220  $28,310,844 

See accompanying notes to these consolidated financial statements.

 F-3Table of Contents

BIRCHTECH CORP. AND SUBSIDIARIES

(formerly Midwest Energy Emissions Corp.)

CONSOLIDATED STATEMENTS OF OPERATIONS 

  For the Year Ended December 31, 2024  For the Year Ended December 31, 2023(as restated)        Product revenue $14,481,784  $17,092,996 License revenue  2,808,125   387,500 Other revenue  116