Company: BKTI
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001437749-25-016253
Chunk: 24

Company: BK Technologies Corp
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 2,323   48,775   (23,528)  (6,053)  21,517 

   Note 9. Income Per Share
    
   The following table sets forth the computation of basic and diluted income per share:

       Three Months Ended  
   March 31, 2025    March 31, 2024  
 Numerator:         
 Net income for basic and diluted earnings per share  $2,132  $681 
 Denominator for basic income per share weighted average shares   3,572,576   3,538,507 
 Effect of dilutive securities:         
 Options, restricted stock units, and warrants   320,567   15,932 
 Denominator for diluted income per share weighted average shares   3,893,143   3,554,439 
 Basic income per share  $0.60  $0.19 
 Diluted income per share  $0.55  $0.19 

       12

   Note 10. Non-Cash Share-Based Employee Compensation
    
   Stock Options
    
   The Company has employee and non-employee director share-based incentive compensation plans. Related to these programs, the Company recorded non-cash share-based employee compensation expense of $118 for the three months ended  March 31, 2025, compared with $55 for the same period last year. The Company considers its non-cash share-based employee compensation expenses as a component of cost of products and selling, general and administrative expenses. There was no non-cash share-based employee compensation expense capitalized as part of capital expenditures or inventory for the periods presented.
    
   The Company uses the Black-Scholes-Merton option valuation model to calculate the fair value of stock option grants under this plan. The non-cash share-based employee compensation expense recorded in the three months ended  March 31, 2025, was calculated using certain assumptions. Such assumptions are described more comprehensively in Note 11 (Share-Based Employee Compensation) of the Notes to the Company’s consolidated financial statements included in its Annual Report on Form 10-K for the fiscal year ended  December 31, 2024.
    
   A summary of activity under the Company’s stock option plans during the three months ended  March 31, 2025, is presented below:

           Wgt.