Company: BKYI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001437749-25-035227
Chunk: 3

Company: BIO KEY INTERNATIONAL INC
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 3
---
      1,908,099

       Receipt of cash from employee stock purchase plan 

      876

      1,939

       Repayment of government loan 

      (109,137
      )

      (101,762
      )

       Net cash provided by financing activities 

      4,456,013

      3,660,414

       Effect of exchange rate changes 

      (8,303
      )

      51,878

       NET INCREASE IN CASH AND CASH EQUIVALENTS 

      1,602,249

      1,289,737

       CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 

      437,604

      511,400

       CASH AND CASH EQUIVALENTS, END OF PERIOD 
       
      $
      2,039,853

      $
      1,801,137

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

       Nine Months Ended September 30, 

       2025 

       2024 

       Cash paid for: 

       Interest 
       
      $
      1,865

      $
      8,130

       Noncash financing activities 

       Issuance of common stock for repayment of debt 
       
      $
      1,459,000

      $
      -

See accompanying notes to the condensed consolidated financial statements. 

     8

BIO-KEY INTERNATIONAL, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

September 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,