Company: BCHT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001477932-25-008185
Chunk: 28

Company: Birchtech Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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, 2026, and $1,920 monthly thereafter until November 30, 2027. During the option period, rent is $1,980 monthly from December 1, 2027 to November 30, 2028, $2,040 monthly thereafter through November 30, 2029, and $2,100 monthly thereafter through November 30, 2030. Upon commencement of the lease the Company recorded a right of use asset and an operating lease liability of $94,942. For the nine months ended September 30, 2025 and the year ended December 31, 2024, the Company recorded an operating lease right of use asset and liabilities as follows:    September 30,  December 31,   2025  2024        Right of use asset - operating lease $271,078  $305,142 Current portion of operating lease liability  48,846   42,733 Operating lease liability  274,771   306,223  Future remaining minimum lease payments under these non-cancelable leases are as follows:  For the twelve months ended September 30,   2026 $84,696 2027  86,392 2028  88,512 2029  66,036 2030  40,480 Thereafter  4,201 Total  370,317 Less discount  (95,546 )Total lease liabilities  274,771 Less current portion  (48,846 )Operating lease obligation, net of current portion $225,925  The weighted average remaining lease term for operating leases is 4.45 years and the weighted average discount rate used in calculating the operating lease asset and liability is 14.55%. For the nine months ended September 30, 2025 and 2024, payments on lease obligations were $62,550 and $36,550, respectively, and amortization of the right of use assets was $34,064 and $23,380, respectively. For the nine months ended September 30, 2025 and 2024, the Company’s lease cost consists of the following components, each of which is included in costs and expenses within the Company’s unaudited condensed consolidated statements of operations:    For the Nine Months  EndedSeptember 30, 2025  For the Nine Months