Company: BKTI
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001437749-25-016253
Chunk: 11

Company: BK Technologies Corp
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 operating activities 

      2,100

      (786
      )

       Investing activities 

       Purchases of property, plant, and equipment 

      (268
      )

      (214
      )

       Net cash used in investing activities 

      (268
      )

      (214
      )

       Financing activities 

       Proceeds from common stock issuance 

      13

      —

       Proceeds from the credit facility and notes payable 

      —

      15,029

       Repayment of the credit facility and notes payable 

      —

      (14,189
      )

       Net cash provided by financing activities 

      13

      840

       Net change in cash and cash equivalents 

      1,845

      (160
      )

       Cash and cash equivalents, beginning of period 

      7,075

      3,456

       Cash and cash equivalents, end of period 
       
      $
      8,920

      $
      3,296

       Supplemental disclosure 

       Cash paid for interest 
       
      $
      —

      $
      202

       Non-cash financing activity 

       Common stock issued under restricted stock units 
       
      $
      138

      $
      47

       Cashless exercise of stock options and related conversion of net shares to stockholders' equity 
       
      $
      3

      $
      —

See Accompanying Notes to Condensed Consolidated Financial Statements.

       5

BK TECHNOLOGIES CORPORATION

Notes to Condensed Consolidated Financial Statements

Three Months Ended March 31, 2025 and 2024

Unaudited

(In thousands, except share and per share data and percentages or as otherwise noted)

   Note 1. Condensed Consolidated Financial Statements
    
   Basis of Presentation
    
   The condensed consolidated balance sheet as of  March 31, 2025, the condensed consolidated statements of operations for the three months ended  March 31, 2025, and 2024, and the condensed consolidated statements of cash flows for the three months ended  March 31, 2025, and 2024, have been prepared by BK Technologies Corporation (the “Company,” “we,” “us,” “our”), and are unaudited but include all adjustments, including normal recurring adjustments, which, in the opinion of management, are necessary to present fairly the Company’s financial position, results of operations, and cash flows for the