Company: BKTI
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009464
Chunk: 525

Company: BK Technologies Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7A
Chunk 525
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   36,941   37,202 
         
 Property, plant and equipment, net   4,911   5,366 
 Operating lease right-of-use (ROU) assets   1,128   1,560 
 Investments   —   742 
 Deferred tax assets, net   6,788   4,116 
 Capitalized product development cost   1,321   — 
 Other assets   410   422 
 Total assets  $51,499  $49,408 
         
 LIABILITIES AND STOCKHOLDERS’ EQUITY         
         
 Current liabilities:         
 Accounts payable  $6,327  $9,822 
 Accrued compensation and related taxes   2,289   1,302 
 Accrued warranty expense   1,008   722 
 Accrued other expenses and other current liabilities   1,894   363 
 Short-term operating lease liabilities   571   525 
 Credit facility   —   6,476 
 Notes payable-current portion   —   71 
 Deferred revenue   1,885   1,137 
 Total current liabilities   13,974   20,418 
         
 Long-term operating lease liabilities   714   1,260 
 Deferred revenue   6,980   6,419 
 Total liabilities   21,668   28,097 
 Commitments and contingencies           
 Stockholders’ equity:         
 Preferred stock; $1.00 par value; 1,000,000 authorized shares; none issued or outstanding   —   — 
 Common stock; $0.60 par value; 10,000,000 authorized shares; 3,913,959 and 3,867,082 issued and 3,571,879 and 3,577,002 outstanding shares as of December 31, 2024 and 2023, respectively   2,348   2,320 
 Additional paid-in capital   49,386   48,602 
 Accumulated deficit   (15,850)  (24,209)
 Treasury stock, at cost, 342,080 and 290,080 shares as of December 31, 2024, and 2023, respectively   (6,053)  (5,402)
 Total stockholders’ equity