10-Q
Quarterly Report
BIO KEY INTERNATIONAL INC
BKYI
NASDAQ
CIK: 1019034
File #: 1-13463
Balance Sheet
37 line items · 2 periods
XBRL
| Item | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|
ASSETS | ||
Cash and cash equivalents | 690,449 | 511,400 |
Accounts receivable, net | 701,776 | 1,201,526 |
Due from factor | 8,250 | 99,320 |
Inventory | 440,194 | 445,740 |
Prepaid expenses and other | 427,685 | 364,171 |
Total current assets | 2,268,354 | 2,622,157 |
Equipment and leasehold improvements, net | 198,238 | 220,177 |
Capitalized contract costs, net | 349,145 | 229,806 |
Operating lease right-of-use assets | 23,220 | 36,905 |
Approximation | 23,220 | 36,905 |
Intangible assets, net | 1,329,985 | 1,407,990 |
Total non-current assets | 1,900,588 | 1,894,878 |
TOTAL ASSETS | 4,168,942 | 4,517,035 |
LIABILITIES | ||
Accounts payable | 1,212,071 | 1,316,014 |
Accrued liabilities | 1,189,520 | 1,305,848 |
Government loan – BBVA Bank, current portion | 135,835 | 138,730 |
Deferred revenue, current | 755,405 | 414,968 |
Operating lease liabilities, current portion | 23,797 | 37,829 |
Total current liabilities | 3,316,628 | 3,213,389 |
Deferred revenue, long term | 143,727 | 28,296 |
Deferred tax liability | 22,998 | 22,998 |
Government loan – BBVA Bank – net of current portion | 149,861 | 188,787 |
Total non-current liabilities | 316,586 | 240,081 |
TOTAL LIABILITIES | 3,633,214 | 3,453,470 |
STOCKHOLDERS’ EQUITY | ||
Common stock — authorized, 170,000,000 shares; issued and outstanding; 1,814,414 and 1,032,777 of $.0001 par value at March 31, 2024 and December 31, 2023, respectively | 181 | 103 |
Additional paid-in capital | 126,092,496 | 126,047,851 |
Accumulated other comprehensive loss | (39,454) | 22,821 |
Accumulated deficit | (125,517,495) | (125,007,210) |
TOTAL STOCKHOLDERS’ EQUITY | 535,728 | 1,063,565 |
Common Stock | 181 | 103 |
Additional Paid-in Capital | 126,092,496 | 126,047,851 |
AOCI Attributable to Parent | (39,454) | 22,821 |
Retained Earnings | (125,517,495) | (125,007,210) |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 4,168,942 | 4,517,035 |