Company: BKTI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033457
Chunk: 16

Company: BK Technologies Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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4)  —   —   — 
 Share-based compensation expense-stock options   —   —   78   —   —   78 
 Share-based compensation expense-restricted stock units   —   —   146   —   —   146 
 Net income   —   —   —   2,357   —   2,357 
 Balance at September 30, 2024   3,905,143  $2,343  $49,204  $(19,507) $(6,053) $25,987 

See Accompanying Notes to Condensed Consolidated Financial Statements.

       5

BK TECHNOLOGIES CORPORATION

Condensed Consolidated Statements of Cash Flows

(In thousands) (Unaudited)

      Nine Months Ended  
   September 30,    September 30,  
   2025    2024  
 Operating activities         
 Net income  $9,309  $4,702 
 Adjustments to reconcile net income to net cash provided by operating activities:         
 Inventories allowances   871   27 
 Allowance for credit losses   —   122 
 Amortization of deferred finance and other assets   —   75 
 Deferred taxes   168   — 
 Non-cash lease adjustments   (60)  (49)
 Depreciation and amortization   1,325   1,251 
 Share-based compensation expense-stock options   624   210 
 Share-based compensation expense-restricted stock units   831   415 
 Gain on sale of equipment   —   (2)
 Loss on investments   —   91 
 Changes in operating assets and liabilities:         
 Trade accounts receivable, net   (230)  (1,565)
 Inventories   (1,810)  5,251 
 Prepaid expenses and other current assets   757   (832)
 Other assets   (21)  35 
 Accounts payable   4,509   (3,931)
 Long-term uncertain tax position liability   1,419   — 
 Accrued compensation and related taxes   203   782 
 Accrued warranty expense   (158)  184 
 Deferred revenue   (43)  1