Company: VGASW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001628280-25-040155
Chunk: 12

Company: Verde Clean Fuels, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 10,434,454 Total stockholders’ equity65,747,850 20,683,476 Total liabilities and stockholders’ equity$68,726,638 $23,572,306 

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

1

VERDE CLEAN FUELS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024General and administrative expenses$3,094,320 $2,988,774 $6,091,842 $5,778,150 Research and development expenses145,242 173,020 328,548 258,855 Total operating loss3,239,562 3,161,794 6,420,390 6,037,005 Other (income)(665,363)(316,208)(1,195,606)(662,336)Loss before income taxes(2,574,199)(2,845,586)(5,224,784)(5,374,669)Income tax (benefit) expense(28,200)(13,866)24,800 (13,866)Net loss$(2,545,999)$(2,831,720)$(5,249,584)$(5,360,803)Net loss attributable to noncontrolling interest$(1,285,869)$(1,928,013)$(2,742,743)$(3,684,725)Net loss attributable to Verde Clean Fuels, Inc.$(1,260,130)$(903,707)$(2,506,841)$(1,676,078)Earnings per shareWeighted average Class A common stock outstanding, basic and diluted18,836,0786,297,16216,833,3166,235,439Loss per share of Class A common stock$(0.07)$(0.14)$(0.15)$(0.27)

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 June 30, 2025

Class A CommonClass C