Company: BKYI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001437749-25-026549
Chunk: 1

Company: BIO KEY INTERNATIONAL INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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CONDENSED CONSOLIDATED BALANCE SHEETS

      June 30,    December 31,  
   2025    2024  
   (Unaudited)      
 ASSETS         
 Cash and cash equivalents  $2,275,344  $437,604 
 Accounts receivable, net   983,534   718,229 
 Due from factor   154,769   74,170 
 Inventory   318,538   378,307 
 Prepaid expenses and other   303,045   278,648 
 Total current assets   4,035,230   1,886,958 
 Equipment and leasehold improvements, net   102,499   140,198 
 Capitalized contract costs, net   367,125   409,426 
 Deposits and other assets   7,976   7,976 
 Operating lease right-of-use assets   60,829   73,372 
 Investments   5,000,000   5,000,000 
 Intangible assets, net   942,892   1,097,630 
 Total non-current assets   6,481,321   6,728,602 
 TOTAL ASSETS  $10,516,551  $8,615,560 
         
 LIABILITIES         
 Accounts payable  $889,026  $818,187 
 Accrued liabilities   1,170,889   1,278,732 
 Note payable   447,153   1,525,977 
 Government loan – BBVA Bank, current portion   125,562   132,731 
 Deferred revenue, current   873,394   773,267 
 Operating lease liabilities, current portion   25,886   24,642 
 Total current liabilities   3,531,910   4,553,536 
 Deferred revenue, long term   96,729   196,237 
 Government loan – BBVA Bank – net of current portion   -   44,762 
 Operating lease liabilities, net of current portion   35,735   48,994 
 Total non-current liabilities   132,464   289,993 
 TOTAL LIABILITIES   3,664,374   4,843,529 
         
 Commitments and Contingencies