Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 66

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 66
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 to the specific line items presented in the Company’s previously reported consolidated financial statements as of December 31, 2022 and for the year ended December 31, 2023. The accompanying applicable notes to consolidated financial statements have been updated to reflect the effects of the restatement.  The impact of the restatement to the consolidated statements of stockholders’ equity (deficit) includes a decrease of $843,251 in accumulated deficit as of December 31, 2023 and a $1,078,950 decrease to the accumulated deficit as of January 1, 2023. The amounts in the “As previously reported” columns are amounts derived from the Company's previously filed consolidated financial statements. The amounts in the “Restatement adjustments” columns present the impact of the following adjustments: ·The recognition of the licensing revenue during the year ended December 31, 2022.·The removal of the licensing revenue recorded during the year ended December 31, 2023.·The recording of the financing component during the year ended December 31, 2023.    The amounts in the “As restated” columns are the updated amounts including the impacts from the restatement. 

 F-7Table of Contents

Audited Financial Statements The following table presents the impact of the financial statement adjustments on the Company’s previous reported consolidated Balance Sheet as of December 31, 2023: CONSOLIDATED BALANCE SHEETS           DECEMBER 31, 2023   As previously reported  Adjustment  As restated ASSETS AND STOCKHOLDERS’ EQUITY (DEFICIT)           Accounts receivable $2,233,211  $843,251  $3,076,462 Total current assets  24,151,758   843,251   24,995,009 Total assets  27,467,593   843,251   28,310,844              Stockholders’ equity (deficit)            Accumulated deficit  (62,794,376 )  843,251   (61,951,125 )             Total stockholders’ equity (deficit)  (782,897 )  843,251   60,354              Total liabilities and stockholders’ equity (deficit) $27,467,593  $843,251