10-Q
Quarterly Report
BIO KEY INTERNATIONAL INC
BKYI
NASDAQ
CIK: 1019034
File #: 1-13463
Balance Sheet
40 line items · 2 periods
XBRL
| Item | Sep 30, 2024 | Dec 31, 2023 |
|---|---|---|
ASSETS | ||
Cash and cash equivalents | 1,801,137 | 511,400 |
Accounts receivable, net | 1,930,258 | 1,201,526 |
Due from factor | 49,018 | 99,320 |
Inventory | 386,944 | 445,740 |
Prepaid expenses and other | 382,866 | 364,171 |
Total current assets | 4,550,223 | 2,622,157 |
Equipment and leasehold improvements, net | 162,551 | 220,177 |
Capitalized contract costs, net | 430,596 | 229,806 |
Deposits and other assets | 7,975 | 0 |
Operating lease right-of-use assets | 73,637 | 36,905 |
Approximation | 73,636 | 36,905 |
Intangible assets, net | 1,174,721 | 1,407,990 |
Total non-current assets | 1,849,480 | 1,894,878 |
TOTAL ASSETS | 6,399,703 | 4,517,035 |
LIABILITIES | ||
Accounts payable | 1,564,654 | 1,316,014 |
Accrued liabilities | 1,254,415 | 1,305,848 |
Senior Secured Promissory Note | 2,164,693 | 0 |
Government Loan | 141,854 | 138,730 |
Deferred revenue, current | 719,846 | 414,968 |
Operating lease liabilities, current portion | 24,545 | 37,829 |
Total current liabilities | 5,870,007 | 3,213,389 |
Deferred revenue, long term | 240,664 | 28,296 |
Deferred tax liability | 22,998 | 22,998 |
Government loan – BBVA Bank – net of current portion | 83,901 | 188,787 |
Operating lease liabilities, net of current portion | 49,091 | 0 |
Total non-current liabilities | 396,654 | 240,081 |
TOTAL LIABILITIES | 6,266,661 | 3,453,470 |
STOCKHOLDERS’ EQUITY | ||
Common stock — authorized, 170,000,000 shares; issued and outstanding; 3,109,288 and 1,032,777 of $.0001 par value at September 30, 2024 and December 31, 2023, respectively | 311 | 103 |
Additional paid-in capital | 127,981,436 | 126,047,851 |
Accumulated other comprehensive loss | 74,699 | 22,821 |
Accumulated deficit | (127,923,404) | (125,007,210) |
TOTAL STOCKHOLDERS’ EQUITY | 133,042 | 1,063,565 |
Common Stock | 311 | 103 |
Additional Paid-in Capital | 127,981,436 | 126,047,851 |
AOCI Attributable to Parent | 74,699 | 22,821 |
Retained Earnings | (127,923,404) | (125,007,210) |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 6,399,703 | 4,517,035 |