Birchtech Corp.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 31, 2025
BCHT$1.10-3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the year Ended December 31, 2024 · For the year Ended December 31, 2023(as restated) | |||
|---|---|---|---|
| Cash flows from operating activities | |||
| Net (loss) income | $(10,802,111) | $5,668,314 | |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||
| Stock-based compensation – amortization of prepaid services | - | 486,667 | |
| Stock-based compensation | 1,088,923 | 33,782 | |
| Amortization of discount of notes payable | 241,444 | 1,336,171 | |
| Amortization of right to use assets | 31,782 | 40,924 | |
| Amortization of patent rights | 204,600 | 205,534 | |
| Depreciation expense | 11,702 | 12,927 | |
| Impairment loss | 43,000 | 219,707 | |
| Non-cash interest revenue | (57,191) | (79,301) | |
| Loss on change in fair value of profit share | 3,959,065 | 11,209,677 | |
| Changes in operating assets and liabilities | |||
| Accounts receivable | 1,310,421 | 859,396 | |
| Inventory | 173,351 | 195,967 | |
| Prepaid expenses and other assets | (16,004) | 88,772 | |
| Accrued salaries | 30,344 | (58,542) | |
| Accounts payable and accrued liabilities | 144,547 | (1,388,385) | |
| Income tax payable | (437,821) | 437,821 | |
| Operating lease liability | (31,219) | (43,394) | |
| Net cash (used in) provided by operating activities | (4,105,167) | 19,226,037 | |
| Cash flows used in investing activities | |||
| Purchase of property and equipment | (809,432) | - | |
| Net cash used in investing activities | (809,432) | - | |
| Cash flows from financing activities | |||
| Proceeds from exercise of stock options | 17,500 | 209,500 | |
| Repayment of secured notes payable | (271,686) | - | |
| Repayment of unsecured notes payable | (12,314,895) | ||
| Net cash (used in) provided by financing activities | (12,569,081) | 209,500 | |
| Net (decrease) increase in cash and cash equivalents | (17,483,680) | 19,435,537 | |
| Cash and cash equivalents - beginning of period | 20,939,762 | 1,504,225 | |
| Cash and cash equivalents - end of period | $3,456,082 | $20,939,762 | |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
| Cash paid during the period for: | |||
| Interest | $4,023 | $19,721 | |
| Income taxes | $143,269 | $ | - |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTIONS | |||
| Capital from related party debt extinguishments | $10,827,195 | $ | - |
| Recognition of ROU asset and operating lease liability | $326,285 | $ | - |
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