Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 687

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 687
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arrants  -   2,550,000 Total common stock equivalents excluded from dilutive loss per share   9,300,000   12,200,000  Concentration of Credit Risk Financial instruments that subject the Company to credit risk consist of cash and equivalents on deposit with financial institutions and accounts receivable. The Company’s cash as of December 31, 2024 and December 31, 2023 is maintained at high-quality financial institutions and has not incurred any losses to date. Accounts are guaranteed by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. At December 31, 2024, the Company had $2,956,082 (2023 - $20,439,762) in excess of FDIC limits. Customer and Supplier Concentration  For the year ended December 31, 2024, three customers represented 32%, 13%, and 10% of the Company’s revenues, and for the year ended December 31, 2023, three customers represented 28%, 23%, and 11% of the Company’s revenues.  At December 31, 2024, three customers represented  32%, 26% and 9% of the Company’s accounts receivable, and at December 31, 2023, four customers represented 32%, 27%, 10% and 8% of the Company’s accounts receivable.  For the year ended December 31, 2024, two suppliers represented 51% and 35% of the Company’s purchases. For the year ended December 31, 2023, 91% of the Company’s purchases related to three suppliers. At December 31, 2024 and 2023, 68% and 68% of the Company’s accounts payable and accrued expenses related to two vendors, respectively. The Company believes there are numerous other suppliers that could be substituted should a supplier become unavailable or non-competitive. Contingencies Certain conditions may exist which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company, or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of