Company: BKTI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026668
Chunk: 15

Company: BK Technologies Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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audited

(In thousands, except share and per share data and percentages or as otherwise noted)

   Note 1. Condensed Consolidated Financial Statements
    
   Basis of Presentation
    
   The condensed consolidated balance sheet as of  June 30, 2025, the condensed consolidated statements of operations for the three and six months ended  June 30, 2025, and 2024, the condensed consolidated statement of changes in equity for the three and six months ended  June 30, 2025, and 2024, and the condensed consolidated statements of cash flows for the six months ended  June 30, 2025, and 2024, have been prepared by BK Technologies Corporation (the “Company,” “we,” “us,” “our”), and are unaudited but include all adjustments, including normal recurring adjustments, which, in the opinion of management, are necessary to present fairly the Company’s financial position, results of operations, and cash flows for the interim periods presented. The condensed consolidated balance sheet as of  December 31, 2024, has been derived from the Company’s audited consolidated financial statements at that date.
    
   These condensed consolidated financial statements have been prepared in accordance with the requirements of Article 8 of Regulation S-X and the instructions to Form 10-Q. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended  December 31, 2024, as filed with the Securities and Exchange Commission (“SEC”) on  March 27, 2025. The results of operations for the three and six months ended  June 30, 2025, and 2024, are not necessarily indicative of the operating results for a full year.
    
   Principles of Consolidation
    
   The accounts of the Company have been included in the accompanying condensed consolidated financial statements. All significant intercompany balances and transactions have been eliminated in consolidation.
    
   The Company consolidates entities in which it has a controlling financial interest. When the Company does not have a controlling financial interest in an entity but exerts significant influence over the entity’s operating and financial policies (generally defined as owning a voting or economic interest of between 20% to