Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 542

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 542
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,848,919   61,917,119 Accumulated deficit  (72,753,236 )  (61,951,125 )         Total stockholders’ equity (deficit)  1,191,861   60,354          Total liabilities and stockholders’ equity (deficit) $10,261,220  $28,310,844 

See accompanying notes to these consolidated financial statements.

 F-3Table of Contents

BIRCHTECH CORP. AND SUBSIDIARIES

(formerly Midwest Energy Emissions Corp.)

CONSOLIDATED STATEMENTS OF OPERATIONS 

  For the Year Ended December 31, 2024  For the Year Ended December 31, 2023(as restated)        Product revenue $14,481,784  $17,092,996 License revenue  2,808,125   387,500 Other revenue  116,276   144,874 Revenues  $17,406,185  $17,625,370          Cost of sales  (10,305,076 )  (12,172,374 )         Gross profit  7,101,109   5,452,996          Operating expenses:         Impairment loss  (43,000 )  (219,707 )Selling, general and administrative expenses (related party of $1,116,064 and $554,410)   (14,216,377 )  (14,206,761 )Total operating expenses   (14,259,377 )  (14,426,468 )Operating loss  (7,158,268 )  (8,973,472 )         Other income (expense)        Income from legal claims  -   27,607,776 Interest expense (related party of $245,724 and $1,360,623)   (267,458 )  (1,362,401 )Loss on change in fair value of profit share and unsecured note  (3,959,065 )  (11,209,677 )Interest income  293,524   79,301 Total other (expense) income   (3,932,999 )  15,