Company: BCHT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003808
Chunk: 24

Company: Birchtech Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 is $1,800 monthly until November 30, 2025, $1,860 monthly thereafter until November 30, 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 three months ended March 31, 2025 and the year ended December 31, 2024, the Company recorded an operating lease right of use asset and liabilities as follows:    March 31,  December 31,   2025  2024        Right of use asset - operating lease $294,125  $305,142 Current portion of operating lease liability  44,464   42,733 Operating lease liability  296,077   306,223  Future remaining minimum lease payments under these non-cancelable leases are as follows:  For the twelve months ended March 31,   2026 $83,640 2027  85,752 2028  87,592 2029  88,872 2030  43,200 Thereafter  22,961 Total  412,017 Less discount  (115,940 )Total lease liabilities  296,077 Less current portion  (44,464 )Operating lease obligation, net of current portion $251,613  The weighted average remaining lease term for operating leases is 4.95 years and the weighted average discount rate used in calculating the operating lease asset and liability is 14.55%. For the three months ended March 31, 2025 and 2024, payments on lease obligations were $32,100 and $11,250, respectively, and amortization of the right of use assets was $11,017 and $10,639, respectively. For the three months ended March 31, 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