10-K
Annual Report
BIO KEY INTERNATIONAL INC
BKYI
NASDAQ
CIK: 1019034
File #: 1-13463
Balance Sheet
40 line items · 2 periods
XBRL
| Item | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|
ASSETS | ||
Cash and cash equivalents | 511,400 | 2,635,522 |
Accounts receivable, net | 1,201,526 | 1,522,784 |
Due from factor | 99,320 | 49,500 |
Inventory, net of reserve | 445,740 | 4,434,369 |
Prepaid expenses and other | 364,171 | 342,706 |
Total current assets | 2,622,157 | 8,984,881 |
Equipment and leasehold improvements, net | 220,177 | 107,413 |
Capitalized contract costs, net | 229,806 | 283,069 |
Deposits and other assets | 0 | 8,712 |
Operating lease right-of-use assets | 36,905 | 197,355 |
Approximation | 36,905 | 197,355 |
Intangible assets, net | 1,407,990 | 1,762,825 |
Total non-current assets | 1,894,878 | 2,359,374 |
TOTAL ASSETS | 4,517,035 | 11,344,255 |
LIABILITIES | ||
Accounts payable | 1,316,014 | 1,108,279 |
Accrued liabilities | 1,305,848 | 1,009,123 |
Convertible note payable | 0 | 2,596,203 |
Government loan – BBVA Bank, current portion | 138,730 | 120,000 |
Deferred revenue - current | 414,968 | 462,418 |
Operating lease liabilities, current portion | 37,829 | 159,665 |
Total current liabilities | 3,213,389 | 5,455,688 |
Deferred revenue, net of current portion | 28,296 | 52,134 |
Deferred tax liability | 22,998 | 170,281 |
Government loan – BBVA Bank, net of current portion | 188,787 | 326,767 |
Operating lease liabilities, net of current portion | 0 | 37,829 |
Total non-current liabilities | 240,081 | 587,011 |
TOTAL LIABILITIES | 3,453,470 | 6,042,699 |
STOCKHOLDERS’ EQUITY | ||
Common stock — authorized, 170,000,000 shares; issued and outstanding; 1,032,777 and 552,739 of $.0001 par value at December 31, 2023 and December 31, 2022, respectively | 103 | 55 |
Additional paid-in capital | 126,047,851 | 122,029,476 |
Accumulated other comprehensive loss | 22,821 | (242,602) |
Accumulated deficit | (125,007,210) | (116,485,373) |
TOTAL STOCKHOLDERS’ EQUITY | 1,063,565 | 5,301,556 |
Common Stock | 103 | 55 |
Additional Paid-in Capital | 126,047,851 | 122,029,476 |
AOCI Attributable to Parent | 22,821 | (242,602) |
Retained Earnings | (125,007,210) | (116,485,373) |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 4,517,035 | 11,344,255 |