Company: BKTI
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009464
Chunk: 677

Company: BK Technologies Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1A
Chunk 677
---
 lease right-of-use (ROU) assets   1,128   1,560 
 Investments   —   742 
 Deferred tax assets, net   6,788   4,116 
 Capitalized product development cost   1,321   — 
 Other assets   410   422 
 Total assets  $51,499  $49,408 
         
 LIABILITIES AND STOCKHOLDERS’ EQUITY         
         
 Current liabilities:         
 Accounts payable  $6,327  $9,822 
 Accrued compensation and related taxes   2,289   1,302 
 Accrued warranty expense   1,008   722 
 Accrued other expenses and other current liabilities   1,894   363 
 Short-term operating lease liabilities   571   525 
 Credit facility   —   6,476 
 Notes payable-current portion   —   71 
 Deferred revenue   1,885   1,137 
 Total current liabilities   13,974   20,418 
         
 Long-term operating lease liabilities   714   1,260 
 Deferred revenue   6,980   6,419 
 Total liabilities   21,668   28,097 
 Commitments and contingencies           
 Stockholders’ equity:         
 Preferred stock; $1.00 par value; 1,000,000 authorized shares; none issued or outstanding   —   — 
 Common stock; $0.60 par value; 10,000,000 authorized shares; 3,913,959 and 3,867,082 issued and 3,571,879 and 3,577,002 outstanding shares as of December 31, 2024 and 2023, respectively   2,348   2,320 
 Additional paid-in capital   49,386   48,602 
 Accumulated deficit   (15,850)  (24,209)
 Treasury stock, at cost, 342,080 and 290,080 shares as of December 31, 2024, and 2023, respectively   (6,053)  (5,402)
 Total stockholders’ equity   29,831   21,311 
 Total liabilities and stockholders’ equity  $51,499  $49,408 

See