Company: BCHT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003808
Chunk: 94

Company: Birchtech Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 94
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 no dilutive potential common shares for periods ended March 31, 2025 and 2024, because the Company incurred a net loss and basic and diluted losses per common share are the same.  Total common stock equivalents excluded from dilutive loss per share are as follows:   March 31,  March 31,   2025  2024        Stock options  9,650,000   18,018,750 Warrants  -   2,550,000 Restricted stock units  -   50,000 Total common stock equivalents excluded from dilutive loss per share   9,650,000   20,618,750  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