Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 90

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 90
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 liability of $69,615. On November 22, 2024, the Company entered into an approximate 3-year lease for laboratory space in State College, Pennsylvania, commencing December 15, 2024 and ending November 30, 2027. The lease contains an option to extend for a further three years that the Company is reasonably certain to exercise. As a result, the additional three year extension is included as part of the lease term. Rent is $1,800 monthly until November 30, 2025, $1,860 monthly thereafter until November 30, 2026, and $1,920 monthly thereafter until November 30, 2027.  During the option period, rent is $1,980 monthly from December 1, 2027 to November 30, 2028, $2,040 monthly thereafter through November 30, 2029, and $2,100 monthly thereafter through November 30, 2030. Upon commencement of the lease the Company recorded a right of use asset and an operating lease liability of $94,942. For the years ended December 31, 2024 and 2023, the Company recorded an operating lease right of use asset and liabilities as follows:    December 31,  December 31,   2024  2023        Right of use asset - operating lease $305,142  $10,639 Current portion of operating lease liability  42,733   11,157 Operating lease liability  306,233   -  Future remaining minimum lease payments under these non-cancelable leases are as follows:  For the twelve months ended December 31,   2025 $83,460 2026  85,224 2027  86,992 2028  88,692 2029  54,618 Thereafter  33,880 Total  432,866 Less discount  (126,643 )Total lease liabilities  306,223 Less current portion  (42,733 )Operating lease obligation, net of current portion $263,490 

 F-21Table of Contents

The weighted average remaining lease term for operating leases is 5.2 years and the weighted average discount rate used in calculating the operating lease asset and liability is 14.55%. For the years ended December 31, 2024 and