Company: BKTI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026668
Chunk: 14

Company: BK Technologies Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 —   91 
 Changes in operating assets and liabilities:         
 Trade accounts receivable   (4,193)  (3,748)
 Inventories   319   2,355 
 Prepaid expenses and other current assets   610   364 
 Other assets   (24)  34 
 ROU assets and lease liabilities   (38)  (30)
 Accounts payable   3,508   (1,037)
 Long-term uncertain tax position liability   1,419   — 
 Accrued compensation and related taxes   (587)  327 
 Accrued warranty expense   (87)  85 
 Deferred revenue   (634)  944 
 Accrued other expenses and other current liabilities   (1,344)  181 
 Net cash provided by operating activities   6,002   3,311 
         
 Investing activities         
 Purchases of property, plant, and equipment   (519)  (418)
 Capitalized product development cost   (946)  (430)
 Net cash used in investing activities   (1,465)  (848)
         
 Financing activities         
 Proceeds from common stock issuance   241   — 
 Proceeds from the credit facility and notes payable   —   28,971 
 Repayment of the credit facility and notes payable   —   (31,909)
 Net cash provided by (used in) financing activities   241   (2,938)
         
 Net change in cash and cash equivalents   4,778   (475)
 Cash and cash equivalents, beginning of period   7,075   3,456 
 Cash and cash equivalents, end of period  $11,853  $2,981 
         
 Supplemental disclosure         
 Cash paid for interest  $—  $339 
 Non-cash financing activity         
 Common stock issued under restricted stock units  $148  $108 
 Cashless exercise of stock options, warrants and related conversion of net shares to stockholders' equity  $138  $— 

See Accompanying Notes to Condensed Consolidated Financial Statements.

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BK TECHNOLOGIES CORPORATION

Notes to Condensed Consolidated Financial Statements

Three and Six Months Ended June 30, 2025 and 2024

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