Company: VGASW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001628280-25-040155
Chunk: 11

Company: Verde Clean Fuels, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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Item 1. Financial Statements

VERDE CLEAN FUELS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

As of June 30,2025December 31,2024ASSETSCurrent assets:Cash and cash equivalents$62,054,765 $19,044,067 Restricted cash100,000 100,000 Accounts receivable – other1,009,197 226,157 Prepaid expenses and other current assets809,318 804,186 Total current assets63,973,280 20,174,410 Non-current assets:Property, plant and equipment, net2,315,784 1,096,270 Intellectual property and patented technology1,925,151 1,925,151 Operating lease right-of-use assets, net351,754 215,806 Deposits160,669 160,669 Total non-current assets4,753,358 3,397,896 Total assets$68,726,638 $23,572,306 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$1,814,373 $734,374 Accrued liabilities751,223 1,907,165 Operating lease liabilities328,198 153,917 Other current liabilities39,252 15,129 Total current liabilities2,933,046 2,810,585 Non-current liabilities:Operating lease liabilities45,742 78,245 Total non-current liabilities45,742 78,245 Total liabilities2,978,788 2,888,830 Commitments and Contingencies (see Note 7)Stockholders’ equityClass A common stock, par value $0.0001 per share, 22,049,621 and 9,549,621 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively2,205 955 Class C common stock, par value $0.0001 per share, 22,500,000 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively2,250 2,250 Additional paid in capital62,797,055 37,502,903 Accumulated deficit(29,763,927)(27,257,086)Noncontrolling interest32,710,267