Company: BCHT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001477932-25-005905
Chunk: 79

Company: Birchtech Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 79
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000 for the six months ended June 30, 2025 and 2024, respectively.  The approximate breakdown of interest expense for the three and six months ended June 30, 2025 and 2024 is as follows:

  Three Months Ended  Six Months Ended   June 30,  June 30,   2025  2024  2025  2024   (In thousands)  (In thousands)              Interest expense on notes payable $-  $-  $-  $4 Amortization of discount of notes payable  -   -   -   242 Other interest  -   6   -   6                    $-  $6  $-  $252 

Loss on change in fair value of profit share liability and unsecured note was approximately $376,000 and $2,689,000 for the three months ended June 30, 2025 and 2024, respectively, and $729,000 and $2,955,000 for the six months ended June 30, 2025 and 2024, respectively. The change is primarily attributed to the modification of the terms of the profit share liability (see Note 7 to the unaudited condensed consolidated financial statements).

Net Loss

Net loss decreased significantly in 2025 compared to 2024. For the three months ended June 30, 2025, we had a net loss of approximately $1,542,000 compared to a net loss of approximately $6,147,000 for the three months ended June 30, 2024. For the six months ended June 30, 2025, we had a net loss of approximately $3,221,000 compared to a net loss of approximately $9,002,000 for the six months ended June 30, 2024. Such change was primarily due an increase in license fee revenues in 2025 compared to 2024, and a decrease in SG&A.

 31Table of Content

Liquidity and Capital Resource 

We had approximately $1,454,000 in cash on our balance sheet at June 30, 2025 compared to approximately $3,456,000 at December 31, 2024. Total current assets were approximately $4,572,000 and total current liabilities were approximately $10,284,000 at