Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 549

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 549
---
8Table of Contents

The following table presents the impact of the financial statement adjustments on the Company’s previously reported Consolidated Statements of Changes in Stockholder’s Equity for the years ended December 31, 2023 and 2022:   Accumulated Deficit    As Reported  Adjustment  As Restated           Balance – January 1, 2022 $(67,116,913 ) $-  $(67,116,913 )             Net loss  (1,581,476 )  1,078,950   (502,526 )             Balance December 31, 2022  (68,698,389 )  1,078,950   (67,619,439 )             Net income  5,904,013   (235,699 )  5,668,314              Balance December 31, 2023 $(62,794,376 ) $(843,251 ) $(61,951,125 ) The following table presents the impact of the financial statement adjustments on the Company’s previously reported Consolidated Statement of Cash Flows for the year ended December 31, 2023: CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS   FOR THE YEAR ENDED DECEMBER 31, 2023   As previously reported  Adjustment   As restated Cash flows from operating activities         Net income (loss) $5,904,013  $(235,699 ) $5,668,314              Adjustments to reconcile net loss to net cash             Non-cash interest income  -   (79,301 )  (79,301 )Changes in operating assets and liabilities            Accounts receivable  544,396   315,000   859,396 Net cash provided by operating activities $19,226,037  $-  $19,226,037 

Note 3 – Going Concern and Financial Condition  Under ASC 205-40, Presentation of Financial Statements—Going Concern, the Company has the responsibility to evaluate whether conditions and/or events raise substantial doubt about its ability to meet its future financial obligations as they become due within one year after the date that the financial statements are issued. As required by ASC 205-40, this evaluation