Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 80

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 80
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, employee compensation, depreciation, and intangible asset amortization. The amendments in this ASU are effective for annual periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027. Companies have the option to apply the guidance either on a retrospective or prospective basis, and early adoption is permitted. The Company is currently evaluating the impact of the ASU on its consolidated financial statements and related disclosures. In January 2025, the FASB issued ASU No. 2025-01, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date. This ASU amends the effective date of ASU No. 2024-03 to clarify that all public business entities are required to adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. Early adoption of ASU No. 2024-03 is permitted.

Note 5 - Inventory Inventory was comprised of the following at December 31, 2024 and December 31, 2023:    December 31,  December 31,   2024  2023 Raw Materials $169,527  $200,496 Spare Parts  -   17,912 Finished Goods  452,286   576,756   $621,813  $795,164 

Note 6 - Property and Equipment, Net Property and equipment at December 31, 2024 and December 31, 2023 are as follows:    December 31,  December 31,   2024  2023        Equipment & installation $1,096,979  $1,095,139 Leasehold improvements  117,512   101,821 Trucking equipment  911,377   845,102 Lab equipment  725,626   - Office equipment, computer equipment and software  1,874   1,874 Total equipment   2,853,368   2,043,936          Less: accumulated depreciation  (2,047,680 )  (2,035,978 )Construction in process  1,545,000   1,588,000 Property and equipment