Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 1696

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 1696
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 $(72,753,236 ) $1,191,861 

Year Ended December 31, 2023      Additional       Common Stock  Paid-in  Accumulated     Shares  Par Value  Capital  Deficit  Total                 Balance – January 1, 2023 (as previously reported)  93,087,796  $93,088  $61,188,442  $(68,698,389 ) $(7,416,859 )                     Restatement adjustment  -   -   -   1,078,950   1,078,950                      Balance – January 1, 2023 (as restated)  93,087,796  $93,088  $61,188,442  $(67,619,439) $(6,337,909)                     Share based compensation expense  -   -   520,449   -   520,449                      Stock issued for cashless exercise of options  422,311   422   (422 )  -   -                      Stock issued for cash exercise of options  850,000   850   208,650   -   209,500                      Net income  -   -   -   5,668,314   5,668,314                      Balance December 31, 2023 (as restated)  94,360,107  $94,360  $61,917,119  $(61,951,125 ) $60,354 

See accompanying notes to these consolidated financial statements.

 F-5Table of Contents

BIRCHTECH CORP. AND SUBSIDIARIES

(formerly Midwest Energy Emissions Corp.) 

CONSOLIDATED STATEMENTS OF CASH FLOWS

  For the year Ended December 31, 2024  For the year Ended December 31, 2023(as restated)        Cash flows from operating activities      Net (loss) income $(10,802,111 ) $5,668,314 Adjustments to reconcile net (loss) income to net cash provided by operating