Company: BKYI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001437749-25-026549
Chunk: 3

Company: BIO KEY INTERNATIONAL INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 3
---
 in financing activities 

      3,493,505

      1,912,408

       Effect of exchange rate changes 

      65,608

      (38,055
      )

       NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 

      1,837,741

      748,951

       CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 

      437,604

      511,400

       CASH AND CASH EQUIVALENTS, END OF PERIOD 
       
      $
      2,275,345

      $
      1,260,351

See accompanying notes to the condensed consolidated financial statements.  

     7

BIO-KEY INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

SUPPLEMENTARY DISCLOSURES OF CASH FLOW INFORMATION

       Six Months Ended June 30, 

       2025 

       2024 

       Cash paid for: 

       Interest 
       
      $
      1,372

      $
      3,974

       Non-cash investing and financing activities 

       Issuance of stock for repayment of debt 
       
      $
      1,259,000

      $
      -

See accompanying notes to the condensed consolidated financial statements. 

     8

BIO-KEY INTERNATIONAL, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2025 (Unaudited)

    1.  NATURE OF BUSINESS AND BASIS OF PRESENTATION 

   Nature of Business
    
   BIO-key International, Inc. and its wholly-owned subsidiaries (collectively, the “Company” or “BIO-key”), founded in 1993, develops and markets proprietary fingerprint identification biometric technology and software solutions enterprise-ready identity access management solutions to commercial, government and education customers throughout the United States and internationally. The Company was a pioneer in developing automated, finger identification technology that supplements or compliments other methods of identification and verification, such as personal inspection identification, passwords, tokens, smart cards, ID cards, PKI, credit cards, passports, driver’s licenses, OTP or other form of possession or knowledge-based credentialing. Additionally, advanced BIO-key® technology has been, and is,