Company: BKTI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026668
Chunk: 24

Company: BK Technologies Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 at a discount, subject to various limitations under the ESPP. There are 150,000 shares of the Company’s common stock authorized for issuance under the ESPP.
    
   Stock Options
    
   The Company has employee and non-employee director share-based incentive compensation plans. Related to these programs, the Company recorded non-cash share-based employee compensation expense of $126 and $244 for the three and six months ended  June 30, 2025, compared with $77 and $132 for the same periods last year, respectively. The Company considers its non-cash share-based employee compensation expenses as a component of cost of products and selling, general and administrative expenses. There was no non-cash share-based employee compensation expense capitalized as part of capital expenditures or inventory for the periods presented.
    
   The Company uses the Black-Scholes-Merton option valuation model to calculate the fair value of stock option grants under this plan. The non-cash share-based employee compensation expense recorded in the three and six months ended  June 30, 2025, was calculated using certain assumptions. Such assumptions are described more comprehensively in Note 11 (Share-Based Employee Compensation) of the Notes to the Company’s consolidated financial statements included in its Annual Report on Form 10-K for the fiscal year ended  December 31, 2024.
    
   A summary of activity under the Company’s stock option plans during the six months ended  June 30, 2025, is presented below:

           Wgt. Avg.    Wgt. Avg.    Wgt. Avg.      
       Exercise    Remaining    Grant Date    Aggregate  
   Stock    Price ($)    Contractual    Fair Value    Intrinsic  
 As of January 1, 2025   Options    Per Share    Life (Years)    ($) Per Share    Value (000s)  
 Outstanding   285,100   13.65   7.72   6.39   5,885 
 Vested   109,840   15.23   6.25   5.46   2,094 
 Nonvested   175,260   12.66   8.63   6.97   3,791 
                     
 Period activity                     
 Issued   53,428   34.