Company: BKYI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001437749-25-035227
Chunk: 1

Company: BIO KEY INTERNATIONAL INC
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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CONDENSED CONSOLIDATED BALANCE SHEETS

      September 30,    December 31,  
   2025    2024  
   (Unaudited)      
 ASSETS         
 Cash and cash equivalents  $2,039,853  $437,604 
 Accounts receivable, net   959,503   718,229 
 Due from factor   -   74,170 
 Inventory   394,176   378,307 
 Prepaid expenses and other   352,375   278,648 
 Total current assets   3,745,907   1,886,958 
 Equipment and leasehold improvements, net   82,557   140,198 
 Capitalized contract costs, net   335,877   409,426 
 Deposits and other assets   7,976   7,976 
 Operating lease right-of-use assets   54,433   73,372 
 Investments   5,000,000   5,000,000 
 Intangible assets, net   886,563   1,097,630 
 Total non-current assets   6,367,406   6,728,602 
 TOTAL ASSETS  $10,113,313  $8,615,560 
         
 LIABILITIES         
 Accounts payable  $655,647  $818,187 
 Accrued liabilities   1,214,377   1,278,732 
 Note payable, current   319,834   1,525,977 
 Government loan – BBVA Bank, current portion   88,115   132,731 
 Deferred revenue, current   659,627   773,267 
 Operating lease liabilities, current portion   26,522   24,642 
 Total current liabilities   2,964,122   4,553,536 
 Deferred revenue, long term   75,146   196,237 
Note payable, long term  1,000,000   - 
 Government loan – BBVA Bank – net of current portion   -   44,762 
 Operating lease liabilities, net of current portion   28,967   48,994 
 Total non-current liabilities   1,104,113   289,993 
 TOTAL LIABILITIES   4,068,235