Company: BKTI
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009464
Chunk: 590

Company: BK Technologies Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 6
Chunk 590
---
 payable 

      46,359

      74,908

       Repayment of credit facility and notes payable 

      (52,981
      )

      (74,971
      )

       Net cash (used in) provided by financing activities 

      (6,590
      )

      2,000

       Net change in cash and cash equivalents 

      3,619

      1,538

       Cash and cash equivalents, beginning of year 

      3,456

      1,918

       Cash and cash equivalents, end of year 
       
      $
      7,075

      $
      3,456

       Supplemental disclosure 

       Interest paid 
       
      $
      357

      $
      660

       Non-cash financing activity 

       Common stock issued under restricted stock units 
       
      $
      376

      $
      890

       Cashless exercise of stock options and related conversion of net shares to stockholders’ equity 
       
      $
      30

      $
      4

See notes to consolidated financial statements.

      F-7

      BK TECHNOLOGIES CORPORATION

      YEARS ENDED DECEMBER 31, 2024 AND 2023

      NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

      (in thousands, except share data and percentages)

   1. Summary of Significant Accounting Policies
    
   Description of Business
    
   BK Technologies Corporation (collectively with its subsidiaries, the “Company”) is a holding company. The primary business of its wholly owned operating subsidiary, BK Technologies, Inc., is the designing, manufacturing and marketing of wireless communications equipment primarily consisting of two-way land mobile radios and related products, which are sold in two primary markets: (1) the government and public safety market, and (2) the business and industrial market. The Company has only one reportable business segment.
    
   On  March 28, 2019, BK Technologies, Inc., the predecessor of BK Technologies Corporation, implemented a holding company reorganization, which resulted in BK Technologies Corporation becoming the direct parent company of, and the successor issuer to, BK Technologies, Inc. For the purpose of this report, references to the “Company” or its management or business at any period prior to the holding company reorganization ( March 28, 2019) refer to those of BK Technologies, Inc. as the predecessor company and its subsidiaries and thereafter to those of