Company: BKYI
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001437749-25-012824
Chunk: 396

Company: BIO KEY INTERNATIONAL INC
Filing Date: 2025-04-23
Form: 10-K
Item: Item 8
Chunk 396
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., PCAOB ID:6797)

      Consolidated Balance Sheets as of December 31, 2024 and 2023 

      Consolidated Statements of Operations—Years ended December 31, 2024 and 2023 

      Consolidated Statements of Stockholders’ Equity—Years ended December 31, 2024 and 2023 

      Consolidated Statements of Cash Flows—Years ended December 31, 2024 and 2023 

      Notes to Consolidated Financial Statements—December 31, 2024 and 2023 

(b)       The exhibits listed in the Exhibits Index immediately preceding such exhibits are filed as part of this Report

    39

ITEM 16. – FORM 10-K SUMMARY
 
None.
 
FINANCIAL STATEMENTS
 
The following financial statements of BIO-key International, Inc. are included herein at the indicated page numbers:  
 Report of Independent Registered Public Accounting Firm (Bush and Associates CPA., PCAOB ID:6797)  41 
Consolidated Statements of Operations and Comprehensive Loss—Years ended December 31, 2024 and 2023 43 
 Consolidated Statements of Stockholders’ Equity —Years ended December 31, 2024 and 2023  44 
 Consolidated Statements of Cash Flows—Years ended December 31, 2024 and 2023  45 
Supplementary Disclosures of Cash Flow Information—Years ended December 31, 2024 and 2023 46 
 Notes to the Consolidated Financial Statements—December 31, 2024 and 2023  47 

    40

Report of Independent Registered Public Accounting Firm
 
To the Shareholder and the Board of Directors of
BIO-key International, Inc. Holmdel, NJ
 
Opinion on the Financial Statements
 
We have audited the accompanying consolidated balance sheet of BIO-key International, Inc. and Subsidiaries (the “Company”) as of December 31, 2023 and 2024, and the related consolidated statements of operations and comprehensive loss, stockholders’ equity and cash flows for the year then ended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements and the retrospective adjustments related to the reverse stock split present fairly, in all material respects, the financial position of the Company as of December 31,