Company: BKTI
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009464
Chunk: 244

Company: BK Technologies Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 8
Chunk 244
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 except share data and percentages)

   2. Inventories, net
    
   Inventories, which are presented net of allowance for slow moving, excess and obsolete inventory, consisted of the following:

       December 31,    December 31,  
   2024    2023  
 Finished goods  $3,194  $4,622 
 Work in process   4,210   8,275 
 Raw materials   10,232   11,055 
  $17,636  $23,952 

   Changes in the allowance for slow-moving, excess, and obsolete inventory are as follows:

       Years Ended December 31,  
   2024    2023  
 Balance, beginning of year  $1,838  $1,247 
 Charged to cost of sales   367   591 
 Disposal of inventory   (511)  — 
 Balance, end of year  $1,694  $1,838 

   During the year ended  December 31, 2024, the Company wrote off $511 of inventory that had been fully allowed for previously, which had no impact to the Company's consolidated balance sheets or consolidated statements of operations.

   3. Allowance for Credit Losses
    
   Changes in the allowance for credit losses are composed of the following:

       Years Ended December 31,  
   2024    2023  
 Balance, beginning of year  $50  $50 
 Provision for credit losses   122   — 
 Uncollectible accounts written off   (122)  — 
 Balance, end of year  $50  $50 

   4. Property, Plant and Equipment, net
    
   Property, plant and equipment, net include the following:

       December 31,  
   2024    2023  
 Leasehold improvements  $704  $659 
 Machinery and equipment   18,977   17,793 
 Gross Property, Plant, and Equipment   19,681   18,452 
 Less accumulated depreciation and amortization   (14,770)  (13,086)
 Property, plant and equipment, net  $4,911  $5,366 

   Depreciation and amortization