Company: BKTI
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009464
Chunk: 770

Company: BK Technologies Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1B
Chunk 770
---
 follows:

       Year ending  
   December 31,  
 2025  $625 
 2026   486 
 2027   249 
 2028   5 
 2029   3 
 Thereafter   — 
 Total payments   1,368 
 Less: imputed interest   (83)
 Total liability  $1,285 

   9. Income Taxes
    
   The income tax expense (benefit) is summarized as follows:

       Years Ended December 31,  
   2024    2023  
 Current:         
 Federal  $489  $25 
 State   1,199   29 
   1,688   54 
 Deferred:         
 Federal   (1,581)  — 
 State   (1,091)  — 
   (2,672)  — 
  $(984) $54 

   A reconciliation of the statutory U.S. income tax rate to the effective income tax rate follows:

       Years Ended December 31,  
   2024    2023  
         
 Statutory U.S. income tax rate   21.00%  21.00%
 State taxes, net of federal benefit   9.42%  (1.34)%
 Permanent differences   0.84%  (0.87)%
 Change in valuation allowance   (48.79)%  (48.01)%
 Change in tax credits   (4.59)%  16.59%
 Uncertain tax position   19.25%  — 
 Impact from rate changes   (10.48)%  10.14%
 Effective income tax rate   (13.35)%  (2.49)%

        F-
       16

        BK TECHNOLOGIES CORPORATION

        YEARS ENDED
        DECEMBER 31, 2024 AND
       2023

        NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

        (in thousands, except share data and percentages)

   9. Income Taxes (Continued)
    
   The components of the deferred income tax assets (liabilities) are as follows:

       Years Ended December 31,  
   2024    2023  
 Deferred tax assets: