Company: BKTI
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009464
Chunk: 233

Company: BK Technologies Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 8
Chunk 233
---
 current liabilities 

      1,531

      (338
      )

       Net cash provided by operating activities 

      11,444

      1,655

       Investing activities 

       Purchases of property, plant and equipment 

      (1,235
      )

      (2,117
      )

       Net cash used in investing activities 

      (1,235
      )

      (2,117
      )

       Financing activities 

       Proceeds from issuance of common stock options 

      32

      1,063

       Proceeds from issuance of common stock warrants 

      —

      1,000

       Proceeds from credit facility and notes payable 

      46,359

      74,908

       Repayment of credit facility and notes payable 

      (52,981
      )

      (74,971
      )

       Net cash (used in) provided by financing activities 

      (6,590
      )

      2,000

       Net change in cash and cash equivalents 

      3,619

      1,538

       Cash and cash equivalents, beginning of year 

      3,456

      1,918

       Cash and cash equivalents, end of year 
       
      $
      7,075

      $
      3,456

       Supplemental disclosure 

       Interest paid 
       
      $
      357

      $
      660

       Non-cash financing activity 

       Common stock issued under restricted stock units 
       
      $
      376

      $
      890

       Cashless exercise of stock options and related conversion of net shares to stockholders’ equity 
       
      $
      30

      $
      4

See notes to consolidated financial statements.

      F-7

      BK TECHNOLOGIES CORPORATION

      YEARS ENDED DECEMBER 31, 2024 AND 2023

      NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

      (in thousands, except share data and percentages)

   1. Summary of Significant Accounting Policies
    
   Description of Business
    
   BK Technologies Corporation (collectively with its subsidiaries, the “Company”) is a holding company. The primary business of its wholly owned operating subsidiary, BK Technologies, Inc., is the designing, manufacturing and marketing of wireless communications equipment primarily consisting of two-way land mobile radios and related products, which are sold in two primary markets: (1) the government