Company: BCHT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001477932-25-005905
Chunk: 49

Company: Birchtech Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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. The shares become fully vested on January 15, 2025. The expense for the six months ended June 30, 2025 and 2024 was $1,668 and $19,903, respectively. On January 15, 2025, the Company issued 50,000 shares of common stock to a director due to the vesting on such date of 50,000 RSUs which had previously been granted on January 15, 2024 pursuant to the 2017 Plan and had a one-year vesting period.

 24Table of Content

Note 11 - Warrants The Company utilized a Black-Scholes options pricing model to value warrants at the issuance date. This model requires the input of highly subjective assumptions such as the expected stock price volatility and the expected period until the warrants are exercised. When calculating the value of warrants issued, the Company uses a volatility factor, a risk-free interest rate and the life of the warrant for the exercise period.  There were no warrants outstanding as of December 31, 2024 and June 30, 2025, and no warrants were issued or exercised during the six months ended June 30, 2025 and 2024. 

Note 12 – Segment and Geographic Information   The Company’s chief operating decision maker (“CODM”) is the Chief Executive Officer (the “CEO”). The Company is a provider of specialty activated carbon technologies and, at June 30, 2025, had one operating segment, which entails the provision of specialty activated carbon technologies for air and water purification in the United States.   There are no segment managers who are held accountable for operations, operating results or plans for levels or components below the consolidated unit level. Accordingly, management has determined that the Company has a single operating and reportable segment. The accounting policies related to operating and reportable segments are the same as those described in Note 3, “Basis of Presentation and Summary of Significant Accounting Policies”. The primary measure of segment profit or loss is consolidated net income as presented below and is used by the CEO for the purpose of evaluating segment performance and allocation of budget to support business expansion, new product development and operational efficiencies.   For the ThreeMonths EndedJune 30,2025  For the ThreeMonths EndedJune 30,2024  For the SixMonths EndedJune 30,2025  For the SixMonths EndedJune 30,2024              Material sales