Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 434

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 434
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 for the extension as debt extinguishment with a related party. As such the Company recorded a capital contribution of $54,983 for the year ended December 31, 2022 on this exchange which is related to the difference in fair value of the note on the date of the exchange.

 F-17Table of Contents

On February 27, 2024, the Company paid AC Midwest $275,625 representing the remaining principal balance under the AC Midwest Secured Note of $271,686 plus interest of $3,939. As a result of the repayment of the remaining principal balance under the AC Midwest Secured Debt, the Company and AC Midwest executed a Satisfaction and Discharge of Secured Debt confirming the cancellation of the AC Midwest Secured Note. As of December 31, 2024 and December 31, 2023, total principal of $0 and $271,686, respectively, was outstanding on this note. Interest expense for the years ended December 31, 2024 and 2023 was $4,279 and $43,955, respectively. Amortized discount recorded as interest expense for the years ended December 31, 2024 and 2023 was $32,220 and $19,504, respectively. As of December 31, 2024 and 2023, the unamortized balance of the discount was $Nil and $32,220, respectively. Unsecured Note Payable The Company has the following unsecured note payable - related party outstanding as of December 31, 2024 and December 31, 2023:    December 31,  December 31,   2024  2023 Unsecured note payable $13,154,931  $13,154,931          Repayments  (12,314,895 )  - Less fair value adjustment on extinguishment, net of amortized discount of $1,965,984 and $1,547,536, respectively  (960,000 )  (2,175,208 )Plus fair value adjustment  119,964   -          Total unsecured note payable  -   10,979,723          Less current portion  -   -          Unsecured note payable, net of current portion $-  $10,979,723  On November 29, 2016, pursuant