Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 288

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 288
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. The amounts in the “As previously reported” columns are amounts derived from the Company's previously filed consolidated financial statements. The amounts in the “Restatement adjustments” columns present the impact of the following adjustments: ·The recognition of the licensing revenue during the year ended December 31, 2022.·The removal of the licensing revenue recorded during the year ended December 31, 2023.·The recording of the financing component during the year ended December 31, 2023.    The amounts in the “As restated” columns are the updated amounts including the impacts from the restatement. 

 F-7Table of Contents

Audited Financial Statements The following table presents the impact of the financial statement adjustments on the Company’s previous reported consolidated Balance Sheet as of December 31, 2023: CONSOLIDATED BALANCE SHEETS           DECEMBER 31, 2023   As previously reported  Adjustment  As restated ASSETS AND STOCKHOLDERS’ EQUITY (DEFICIT)           Accounts receivable $2,233,211  $843,251  $3,076,462 Total current assets  24,151,758   843,251   24,995,009 Total assets  27,467,593   843,251   28,310,844              Stockholders’ equity (deficit)            Accumulated deficit  (62,794,376 )  843,251   (61,951,125 )             Total stockholders’ equity (deficit)  (782,897 )  843,251   60,354              Total liabilities and stockholders’ equity (deficit) $27,467,593  $843,251  $28,310,844  The following table presents the impact of the financial statement adjustments on the Company’s previously reported Consolidated Statement of Operations for the year ended December 31, 2023: CONSOLIDATED STATEMENT OF OPERATIONS            FOR THE YEAR ENDED DECEMBER 31, 2023   As previously reported  Adjustment   As restated           Revenue $17,940,370  $(315,000 ) $17,625,370 Gross Profit  5,767,996