Company: BCHT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002237
Chunk: 299

Company: Birchtech Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 299
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 Weighted-average shares outstanding  95,290,548   94,171,695 Basic  $(0.11 ) $0.06    2024  2023 Diluted:      Net Income (Loss) $(10,802,111 ) $5,668,314 Weighted-average shares outstanding  95,290,548   94,171,695 Effect of diluted securities – stock options   -   3,280,702 Weighted-average shares used in the calculation of diluted earnings per share  95,290,548   97,452,397 Diluted earnings (loss) per share $(0.11 ) $0.06 

 F-14Table of Contents

Total common stock equivalents excluded from dilutive loss per share are as follows:   December 31,  December 31,   2024  2023        Stock Options  9,300,000   9,650,000 Warrants  -   2,550,000 Total common stock equivalents excluded from dilutive loss per share   9,300,000   12,200,000  Concentration of Credit Risk Financial instruments that subject the Company to credit risk consist of cash and equivalents on deposit with financial institutions and accounts receivable. The Company’s cash as of December 31, 2024 and December 31, 2023 is maintained at high-quality financial institutions and has not incurred any losses to date. Accounts are guaranteed by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. At December 31, 2024, the Company had $2,956,082 (2023 - $20,439,762) in excess of FDIC limits. Customer and Supplier Concentration  For the year ended December 31, 2024, three customers represented 32%, 13%, and 10% of the Company’s revenues, and for the year ended December 31, 2023, three customers represented 28%, 23%, and 11% of the Company’s revenues.  At December 31, 2024, three customers represented  32%, 26% and 9% of the Company’s accounts receivable, and at December 31, 2023, four customers represented 32%, 27%, 10% and