Company: VGASW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001628280-25-025504
Chunk: 12

Company: Verde Clean Fuels, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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434,454 Total stockholders’ equity67,742,903 20,683,476 Total liabilities and stockholders’ equity$71,289,198 $23,572,306 

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

1

VERDE CLEAN FUELS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Three Months EndedMarch 31,20252024General and administrative expenses$2,997,522 $2,789,376 Research and development expenses183,306 85,835 Total operating loss3,180,828 2,875,211 Other (income)(530,243)(346,128)Loss before income taxes(2,650,585)(2,529,083)Income tax expense53,000 - Net loss$(2,703,585)$(2,529,083)Net loss attributable to noncontrolling interest$(1,456,874)$(1,756,712)Net loss attributable to Verde Clean Fuels, Inc.$(1,246,711)$(772,371)Earnings per shareWeighted average Class A common stock outstanding, basic and diluted14,808,3006,173,716Loss per share of Class A common stock$(0.08)$(0.13)

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

2

VERDE CLEAN FUELS, INC.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(Unaudited)

Statement of Stockholders’ Equity for the Three Months Ended March 31, 2025

Class A CommonClass C CommonAdditional  Paid InCapitalAccumulated Deficit Non controlling Interest Total Stockholders’ Equity SharesValuesSharesValuesBalance – December 31, 20249,549,621$955 22,500,000$2,250 $37,502,903 $(27,257,086)$10,434,454 $20,683,476 Issuance of Class A common stock to Cottonmouth12,500,0001,250 -- 49,345,212 - - 49,346,462 Share-based compensation-- -- 416,550 - - 416,550 Rebalancing of ownership percentage for issuance of Class A shares-- -- (25,018,556