10-Q
Quarterly Report
BIO KEY INTERNATIONAL INC
BKYI
NASDAQ
CIK: 1019034
File #: 1-13463
Balance Sheet
42 line items · 2 periods
XBRL
| Item | Sep 30, 2023 | Dec 31, 2022 |
|---|---|---|
ASSETS | ||
Cash and cash equivalents | 307,086 | 2,635,522 |
Accounts receivable, net | 2,799,218 | 1,522,784 |
Due from factor | 62,572 | 49,500 |
Inventory | 4,289,213 | 4,434,369 |
Prepaid expenses and other | 362,250 | 342,706 |
Total current assets | 7,820,339 | 8,984,881 |
Equipment and leasehold improvements, net | 69,202 | 107,413 |
Capitalized contract costs, net | 264,348 | 283,069 |
Deposits and other assets | 0 | 8,712 |
Deferred offering costs | 25,434 | 0 |
Operating lease right-of-use assets | 50,465 | 197,355 |
Approximation | 50,465 | — |
Intangible assets, net | 1,519,592 | 1,762,825 |
Total non-current assets | 1,929,041 | 2,359,374 |
TOTAL ASSETS | 9,749,380 | 11,344,255 |
LIABILITIES | ||
Accounts payable | 1,656,107 | 1,108,279 |
Accrued liabilities | 1,080,032 | 1,009,123 |
Income taxes payable | 162,811 | 0 |
Convertible note payable | 2,331,497 | 2,596,203 |
Government loan – BBVA Bank, current portion | 135,308 | 120,000 |
Deferred revenue, current | 610,451 | 462,418 |
Operating lease liabilities, current portion | 51,746 | 159,665 |
Total current liabilities | 6,027,952 | 5,455,688 |
Deferred revenue, long term | 32,354 | 52,134 |
Deferred tax liability | 152,998 | 170,281 |
Government loan – BBVA Bank – net of current portion | 221,625 | 326,767 |
Operating lease liabilities, net of current portion | 0 | 37,829 |
Total non-current liabilities | 406,977 | 587,011 |
TOTAL LIABILITIES | 6,434,929 | 6,042,699 |
STOCKHOLDERS’ EQUITY | ||
Common stock — authorized, 170,000,000 shares; issued and outstanding; 9,501,669 and 9,190,504 of $.0001 par value at September 30, 2023 and December 31, 2022, respectively | 950 | 919 |
Additional paid-in capital | 122,263,106 | 122,028,612 |
Accumulated other comprehensive loss | (115,208) | (242,602) |
Accumulated deficit | (118,834,397) | (116,485,373) |
TOTAL STOCKHOLDERS’ EQUITY | 3,314,451 | 5,301,556 |
Common Stock | 950 | 919 |
Additional Paid-in Capital | 122,263,106 | 122,028,612 |
AOCI Attributable to Parent | (115,208) | (242,602) |
Retained Earnings | (118,834,397) | (116,485,373) |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 9,749,380 | 11,344,255 |