Company: BCHT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003808
Chunk: 1

Company: Birchtech Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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000 shares authorized 96,228,153 and 96,178,153 shares issued and outstanding as of March 31, 2025 and December 31, 2024 respectively.  96,228   96,178 Additional paid-in capital  73,909,396   73,848,919 Accumulated deficit  (74,432,456 )  (72,753,236 )         Total stockholders’ (deficit) equity   (426,832 )  1,191,861          Total liabilities and stockholders’ (deficit) equity  $9,301,752  $10,261,220 

See accompanying notes to these condensed consolidated financial statements.

 4Table of Contents

BIRCHTECH CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

  For the Three MonthsEnded March 31, 2025  For the Three MonthsEnded March 31, 2024        Product revenue $2,676,984  $3,084,088 License revenue  525,000   140,625 Other revenue  19,027   17,053 Revenues   3,221,011   3,241,766          Cost of sales  (1,986,665 )  (2,113,482 )         Gross profit  1,234,346   1,128,284          Operating expenses:         Research and development expenses  (406,676 )  - Selling, general and administrative expenses (related party of $112,500 and $142,676)   (2,170,623 )  (3,526,776 )Total operating expenses   (2,577,299 )  (3,526,776 )Operating loss  (1,342,953 )  (2,398,492 )         Other income (expense)        Interest expense (related party of $0 and $245,817)   (54 )  (245,817 )Loss on change in fair value of profit share and unsecured note  (353,351 )  (265,198 )Interest income  31,273   54,632 Total other expense