Company: BKTI
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009464
Chunk: 164

Company: BK Technologies Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1C
Chunk 164
---
,858 
 Gross margin   29,050   22,236 
         
 Engineering and product development   7,841   9,334 
 Marketing and selling   6,206   6,058 
 General and administrative   7,175   7,621 
 Selling, general and administrative expenses   21,222   23,013 
 Operating income (loss)   7,828   (777)
         
 Other (expense) income (a)   (362)  (659)
 Income tax (expense) benefit   984   (54)
 Segment net income (loss)  $8,450  $(1,490)
         
 Reconciliation of profit or loss         
 Adjustments and reconciling item         
 Loss on investments   (91)  (740)
 Consolidated net income (loss)  $8,359  $(2,230)

       (a) Other segment items included interest expense and foreign currency exchange gains/(losses)

      F-12

      BK TECHNOLOGIES CORPORATION

      YEARS ENDED DECEMBER 31, 2024 AND 2023

      NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

      (in thousands, except share data and percentages)

   2. Inventories, net
    
   Inventories, which are presented net of allowance for slow moving, excess and obsolete inventory, consisted of the following:

       December 31,    December 31,  
   2024    2023  
 Finished goods  $3,194  $4,622 
 Work in process   4,210   8,275 
 Raw materials   10,232   11,055 
  $17,636  $23,952 

   Changes in the allowance for slow-moving, excess, and obsolete inventory are as follows:

       Years Ended December 31,  
   2024    2023  
 Balance, beginning of year  $1,838  $1,247 
 Charged to cost of sales   367   591 
 Disposal of inventory   (511)  — 
 Balance, end of year  $1,694  $1,838 

   During the year ended  December 31, 2024, the Company wrote off $511 of inventory