Company: BCHT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003808
Chunk: 15

Company: Birchtech Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 all public business entities are required to adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. Early adoption of ASU No. 2024-03 is permitted.

Note 4 - Inventory Inventory was comprised of the following at March 31, 2025 and December 31, 2024:    March 31,  December 31,   2025  2024 Raw Materials $155,588  $169,527 Finished Goods  436,582   452,286   $592,170  $621,813 

Note 5 - Property and Equipment, Net Property and equipment at March 31, 2025 and December 31, 2024 are as follows:    March 31,  December 31,   2025  2024        Equipment & installation $1,096,979  $1,096,979 Leasehold improvements  117,512   117,512 Trucking equipment  911,377   911,377 Lab equipment  739,779   725,626 Office equipment, computer equipment and software  1,874   1,874 Total equipment   2,867,521   2,853,368          Less: accumulated depreciation  (2,057,978 )  (2,047,680 )Construction in process  1,545,000   1,545,000 Property and equipment, net $2,354,543  $2,350,688 

 14Table of Contents

The Company uses the straight-line method of depreciation over estimated useful lives of 2 to 5 years. During the three months ended March 31, 2025 and 2024, depreciation expense was $10,298 and $535, respectively. At March 31, 2025, lab equipment included $132,469 of lab equipment not yet placed in service (December 31, 2024 - $725,626).

Note 6 - Intellectual Property License and patent costs capitalized as of March 31, 2025 and December 31, 2024 are as follows:    March 31,  December 31,   2025  202