Company: BCHT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001477932-25-005905
Chunk: 39

Company: Birchtech Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 Company recorded a right of use asset and an operating lease liability of $94,942. For the six months ended June 30, 2025 and the year ended December 31, 2024, the Company recorded an operating lease right of use asset and liabilities as follows:    June 30,  December 31,   2025  2024        Right of use asset - operating lease $282,775  $305,142 Current portion of operating lease liability  46,614   42,733 Operating lease liability  285,597   306,223  Future remaining minimum lease payments under these non-cancelable leases are as follows:  For the twelve months ended June 30,   2026 $84,168 2027  85,932 2028  88,192 2029  77,454 2030  43,380 Thereafter  12,041 Total  391,167 Less discount  (105,570)Total lease liabilities  285,597 Less current portion  (46,614)Operating lease obligation, net of current portion $238,983 

 19Table of Content

 The weighted average remaining lease term for operating leases is 4.70 years and the weighted average discount rate used in calculating the operating lease asset and liability is 14.55%. For the six months ended June 30, 2025 and 2024, payments on lease obligations were $41,700 and $22,500, respectively, and amortization of the right of use assets was $22,367 and $16,280, respectively. For the six months ended June 30, 2025 and 2024, the Company’s lease cost consists of the following components, each of which is included in costs and expenses within the Company’s unaudited condensed consolidated statements of operations:    For the Six Months  EndedJune 30, 2025  For the Six Months  EndedJune 30, 2024 Operating lease costs $43,441  $22,352 

Note 9 - Commitments and Contingencies Fixed Price Contract The Company’s multi-year contracts with its commercial customers contain fixed prices for product. These contracts expire between 2023 and 2025 and expose the Company to the potential risks associated with rising material costs