Company: BCHT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003808
Chunk: 35

Company: Birchtech Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 of December 31, 2024 and March 31, 2025, and no warrants were issued or exercised during the three months ended March 31, 2025 and 2024. 

 24Table of Contents

Note 12 – Segment and Geographic Information   The Company’s chief operating decision maker (“CODM”) is the Chief Executive Officer (the “CEO”). The Company is a provider of specialty activated carbon technologies and, at March 31, 2025, had one operating segment, which entails the provision of specialty activated carbon technologies for air and water purification 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 3, “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.   Three Months Ended March 31,   2025  2024        Material sales $2,676,984  $3,084,088 License fees  525,000   140,625 Other revenues  19,027   17,053 Total revenues  3,221,011   3,241,766          Material costs  (1,449,157 )  (1,532,357 )Blending and milling  (65,378 )  (91,709 )Shipping  (205,688 )  (228,514 )Other cost of goods sold  (164,610 )  (160,706 )Compensation and benefits  (1,067,156 )  (1,238,025 )Stock-based compensation  (60,527 )  (770,216 )Amortization and depreciation  (72,465 )  (62,324 )Consulting fees  (260,458 )  (197,730 )Professional fees  (895,715 )  (1,031,736 )General and administrative  (322,810 )  (326,941 )