Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 302

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 302
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aggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date. This ASU amends the effective date of ASU No. 2024-03 to clarify that all public business entities are required to adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. Early adoption of ASU No. 2024-03 is permitted.

Note 5 - Inventory Inventory was comprised of the following at December 31, 2024 and December 31, 2023:    December 31,  December 31,   2024  2023 Raw Materials $169,527  $200,496 Spare Parts  -   17,912 Finished Goods  452,286   576,756   $621,813  $795,164 

Note 6 - Property and Equipment, Net Property and equipment at December 31, 2024 and December 31, 2023 are as follows:    December 31,  December 31,   2024  2023        Equipment & installation $1,096,979  $1,095,139 Leasehold improvements  117,512   101,821 Trucking equipment  911,377   845,102 Lab equipment  725,626   - Office equipment, computer equipment and software  1,874   1,874 Total equipment   2,853,368   2,043,936          Less: accumulated depreciation  (2,047,680 )  (2,035,978 )Construction in process  1,545,000   1,588,000 Property and equipment, net $2,350,688  $1,595,958 

 F-16Table of Contents

The Company uses the straight-line method of depreciation over estimated useful lives of 2 to 5 years. During the year ended December 31, 2024 and 2023 depreciation expense was $11,702 and $12,927, respectively. At December 31, 2024, lab equipment included $725,626 of lab equipment not yet placed in service. At December 31, 2024 and 2023, the Company