Company: BKTI
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001437749-25-016253
Chunk: 26

Company: BK Technologies Corp
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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5   44,546  $12.99 
 Granted   40,789   20.99 
 Vested and issued   (11,319)  12.23 
 Cancelled/forfeited   —   — 
 Unvested as of March 31, 2025   74,016  $17.51 

       13

   Note 11. Commitments and Contingencies 
    
   Legal Matters
    
   From time to time, the Company  may be involved in various claims and legal actions arising in the ordinary course of its business. We assess our liabilities and contingencies in connection with outstanding legal proceedings utilizing the latest information available. Where it is probable that we will incur a loss and the amount of the loss can be reasonably estimated, we record a liability in our consolidated financial statements. These legal accruals  may be increased or decreased to reflect any relevant developments on a quarterly basis. Where a loss is not probable or the amount of the loss is not estimable, we do not record an accrual, consistent with applicable accounting guidance. In the opinion of management, while the outcome of such claims and disputes cannot be predicted with certainty, our ultimate liability in connection with these matters is not expected to have a material adverse effect on our results of operations, financial position or cash flows, and the amounts accrued for any individual matter are not material. However, legal proceedings are inherently uncertain. As a result, the outcome of a particular matter or a combination of matters  may be material to our results of operations for a particular period, depending upon the size of the loss or our income for that particular period.  There were no pending material claims or legal matters as of  March 31, 2025.
    
   Purchase Commitments
    
   As of  March 31, 2025, the Company had purchase commitments for inventory totaling approximately $11,835.
    
   Significant Customers
    
   Sales to United States government agencies represented approximately $2,078 (10.9%) of the Company’s net total sales for the three months ended  March 31, 2025, compared with approximately $9,830 (53.9%) for the same period last year.   Accounts receivable from agencies of the United States government were $913 as of  March 31, 2025, compared with approximately $5,941 at the same date