Company: BCHT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003808
Chunk: 13

Company: Birchtech Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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Concentration of Credit Risk Financial instruments that subject the Company to credit risk consist of cash and equivalents on deposit with financial institutions and accounts receivable. The Company’s cash as of March 31, 2025 and December 31, 2024 is maintained at high-quality financial institutions and has not incurred any losses to date. Accounts are guaranteed by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. At March 31, 2025 and December 31, 2024, the Company had $2,687,594 and $2,956,082, respectively, in excess of FDIC limits. Customer and Supplier Concentration  For the three months ended March 31, 2025, three customers represented 21%, 17%, and 10% of the Company’s revenues, and for the three months ended March 31, 2024, three customers represented 23%, 21%, and 11% of the Company’s revenues.  At March 31, 2025, three customers represented 34%, 22%, and 17% of the Company’s accounts receivable, and at March 31, 2024, three customers represented 47%, 19%, and 10% of the Company’s accounts receivable.  For the three months ended March 31, 2025, 91% of the Company’s purchases related to two suppliers. For the three months ended March 31, 2024, 88% of the Company’s purchases related to three suppliers. At March 31, 2025, 74% of the Company’s accounts payable and accrued expenses related to two vendors. At March 31, 2024, 67% of the Company’s accounts payable and accrued expenses related to three vendors. The Company believes there are numerous other suppliers that could be substituted should a supplier become unavailable or non-competitive. Contingencies Certain conditions may exist which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company, or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief