Company: BKTI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033457
Chunk: 33

Company: BK Technologies Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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$—  $4  $—  $27 

   Other information related to operating leases was as follows:

       September 30, 2025  
 Weighted average remaining lease term (in years)   1.73 
 Weighted average discount rate   5.50%

   Maturity of lease liabilities as of  September 30, 2025, were as follows:

       September 30, 2025  
 Remaining three months of 2025  $158 
 2026   486 
 2027   249 
 2028   5 
 2029   3 
 Total payments   901 
 Less: imputed interest   (40)
 Total present value of lease liabilities  $861 

   12. Subsequent Events
    
   On  October 30, 2025, BK Technologies, Inc., a wholly owned subsidiary of the Company, as the borrower, entered into an amendment to the RLC with Fifth Third Bank (the “Amendment”).  Among other things, the Amendment revised the availability under the $6.0 million RLC to remove the borrowing base requirement, and to increase the accordion feature, if certain conditions are met, for up to an additional $8.0 million of borrowing capacity, totaling a maximum commitment of $14.0 million; extended the maturity date to  October 30, 2028; added a new financial covenant providing that the borrower will cause the outstanding principal balance under the RLC to be $0 for at least 30 consecutive days during each annual period ending on  October 30; and amended the applicable interest rate margin, such that each advance under the RLC accrues interest on the outstanding principal amount thereof at a rate of the SOFR, plus a range of 1.75% to 2.25% per annum, based on certain total debt coverage ratios. 
    
   Since  October 1, 2025, the Company has purchased 10,205 shares of it’s common shares utilizing a Rule 10b5-1 Qualified Plan, which plan was established pursuant to, and as a part of, the Company’s share repurchase program.  The common shares were purchased at an average price of $67.22 per share for a total cost of $685,972 (not in 000’s). 
   .

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Item 2. MANAGEMENT’S DISCU