Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 545

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 545
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For the year Ended December 31, 2023(as restated)        Cash flows from operating activities      Net (loss) income $(10,802,111 ) $5,668,314 Adjustments to reconcile net (loss) income to net cash provided by operating activities:        Stock-based compensation – amortization of prepaid services   -   486,667 Stock-based compensation  1,088,923   33,782 Amortization of discount of notes payable  241,444   1,336,171 Amortization of right to use assets  31,782   40,924 Amortization of patent rights  204,600   205,534 Depreciation expense  11,702   12,927 Impairment loss  43,000   219,707 Non-cash interest revenue  (57,191)  (79,301)Loss on change in fair value of profit share  3,959,065   11,209,677 Changes in operating assets and liabilities        Accounts receivable  1,310,421   859,396 Inventory  173,351   195,967 Prepaid expenses and other assets  (16,004)  88,772 Accrued salaries  30,344   (58,542 )Accounts payable and accrued liabilities  144,547   (1,388,385 )Income tax payable  (437,821 )  437,821 Operating lease liability  (31,219 )  (43,394 )Net cash (used in) provided by operating activities  (4,105,167 )  19,226,037          Cash flows used in investing activities        Purchase of property and equipment  (809,432 )  - Net cash used in investing activities  (809,432 )  -          Cash flows from financing activities        Proceeds from exercise of stock options  17,500   209,500 Repayment of secured notes payable  (271,686 )  - Repayment of unsecured notes payable  (12,314,895 )    Net cash (used in) provided by financing activities   (12,569,081 )  209,500