Company: BKTI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033457
Chunk: 28

Company: BK Technologies Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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5 million.
    
   The Company recorded non-cash restricted stock unit compensation expense of $257 and $831 for the three and nine months ended  September 30, 2025, compared with $146 and $415 for the same periods last year, respectively.
    
   A summary of non-vested restricted stock under the Company’s non-employee director share-based incentive compensation plan is as follows:

           Weighted Average  
   Number of    Grant Date  
   Shares    Price per Share  
 Unvested as of January 1, 2025   44,546  $12.99 
 Granted   47,132   23.99 
 Vested and issued   (55,015)  13.61 
 Cancelled/forfeited   —   — 
 Unvested as of September 30, 2025   36,663  $26.19 

       13

   Note 9. Commitments and Contingencies 
    
   Legal Matters
    
   From time to time, the Company  may be involved in various claims and legal actions arising in the ordinary course of its business. We assess our liabilities and contingencies in connection with outstanding legal proceedings utilizing the latest information available. Where it is probable that we will incur a loss and the amount of the loss can be reasonably estimated, we record a liability in our consolidated financial statements. These legal accruals  may be increased or decreased to reflect any relevant developments on a quarterly basis. Where a loss is not probable or the amount of the loss is not estimable, we do not record an accrual, consistent with applicable accounting guidance. In the opinion of management, while the outcome of such claims and disputes cannot be predicted with certainty, our ultimate liability in connection with these matters is not expected to have a material adverse effect on our results of operations, financial position or cash flows, and the amounts accrued for any individual matter are not material. However, legal proceedings are inherently uncertain. As a result, the outcome of a particular matter or a combination of matters  may be material to our results of operations for a particular period, depending upon the size of the loss or our income for that particular period.  
    
   Purchase Commitments
    
   As of  September 30, 2025, the Company had purchase commitments for inventory totaling approximately $5,369, which are expected to be satisfied in