Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 59

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 59
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 calculation as of December 31, 2024, we performed the following procedures among others, by which we:

 ·Obtained and reviewed the Unsecured Note Agreement and evaluated management’s assessment of the terms of the agreement.    ·Evaluated the assumptions regarding the probabilities related to the timing and amount of cash flows by comparing historical information and current events.    ·Utilized our internal valuation specialist to assist in the assessment of the appropriateness of the valuation methodology and the reasonableness of the discount rate applied, including consideration of conditions affecting market rates.    ·Tested the clerical accuracy of the profit share liability calculation.

/s/ Rosenberg Rich Baker Berman, P.A.

We have served as the Company’s auditor since 2023. 

Somerset, New Jersey 

March 31, 2025

 F-2Table of Contents

BIRCHTECH CORP. AND SUBSIDIARIES

(formerly Midwest Energy Emissions Corp.) 

CONSOLIDATED BALANCE SHEETS 

  December 31, 2024  December 31,2023(as restated)        ASSETS      Current assets      Cash $3,456,082  $20,939,762 Accounts receivable  1,823,232   3,076,462 Inventory  621,813   795,164 Prepaid expenses and other assets  198,185   183,621 Total current assets  6,099,312   24,995,009          Security deposits  6,615   5,175 Property and equipment, net  2,350,688   1,595,958 Right of use asset - operating lease  305,142   10,639 Intellectual property, net  1,499,463   1,704,063 Total assets $10,261,220  $28,310,844          LIABILITIES AND STOCKHOLDERS’ DEFICIT                 Current liabilities        Accounts payable and accrued expenses (related party $37,500 and $107,454 at December 31, 2024 and December 31, 2023, respectively) $1,702,998  $1,558,450 Income tax payable  -   437,821 Current portion of operating