Company: BKTI
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009464
Chunk: 478

Company: BK Technologies Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 478
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.  Those adjustments were audited by Forvis Mazars, LLP.
 
Basis for Opinion
 
These consolidated financial statements are the responsibility of the Company’s management.  Our responsibility is to express an opinion on the Company’s consolidated financial statements based on our audit.  We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
 
We conducted our audit in accordance with the standards of the PCAOB.  Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.  
 
Our audit included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks.  Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements.  Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.  We believe that our audit provides a reasonable basis for our opinion.
 
We have served as the Company’s auditor from 2015 to 2024.
 
/s/ MSL, P.A.
 Orlando, Florida March 14, 2024

    F-3

BK TECHNOLOGIES CORPORATION 

CONSOLIDATED BALANCE SHEETS

(in thousands, except share data) 

      December 31,    December 31,  
   2024    2023  
         
 ASSETS         
         
 Current assets:         
 Cash and cash equivalents  $7,075  $3,456 
 Trade accounts receivable, net   7,349   7,902 
 Inventories, net   17,636   23,952 
 Prepaid expenses and other current assets   4,881   1,892 
 Total current assets   36,941   37,202 
         
 Property, plant and equipment, net   4,911   5,366 
 Operating lease right-of-use (ROU) assets   1,128   1,560 
 Investments   —   742 
 Deferred tax assets, net