Company: VGASW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001628280-25-015480
Chunk: 115

Company: Verde Clean Fuels, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 115
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 capital37,502,903 35,014,836 Accumulated deficit(27,257,086)(23,922,730)Noncontrolling interest10,434,454 17,730,035 Total stockholders’ equity20,683,476 28,825,330 Total liabilities and stockholders’ equity$23,572,306 $31,925,639 

The accompanying notes are an integral part of these consolidated financial statements.

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VERDE CLEAN FUELS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

For The Year EndedDecember 31,20242023General and administrative expenses$11,205,770 $11,515,192 Contingent consideration- (1,299,000)Research and development expenses451,072 329,194 Total operating loss11,656,842 10,545,386 Other (income)(1,193,273)(447,074)Interest expense- 236,699 Loss before income taxes(10,463,569)(10,335,011)Income tax provision 51,465 166,265 Net loss$(10,515,034)$(10,501,276)Net loss attributable to noncontrolling interest$(7,180,678)$(7,757,688)Net loss attributable to Verde Clean Fuels, Inc.$(3,334,356)$(2,743,588)Earnings per shareWeighted average Class A common stock outstanding, basic and diluted6,286,0336,140,529Loss per share of Class A common stock$(0.53)$(0.45)

The accompanying notes are an integral part of these consolidated financial statements.

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VERDE CLEAN FUELS, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

For The Year Ended December 31, 2023

Member’sEquityClass ACommonClass CCommonAdditionalPaid InCapitalAccumulatedDeficitNoncontrollingInterestTotalStockholders’EquitySharesValuesSharesValuesBalance – December 31, 2022$12,775,901 -$- -$- $- $(11,672,536)$- $1,103,365 Retroactive application of recapitalization- -936 -2,573 (3,509)- - -