10-K
Annual Report
BIO KEY INTERNATIONAL INC
BKYI
NASDAQ
CIK: 1019034
File #: 1-13463
Balance Sheet
42 line items · 2 periods
XBRL
| Item | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|
ASSETS | ||
Cash and cash equivalents | 437,604 | 511,400 |
Accounts receivable, net | 718,229 | 1,201,526 |
Due from factor | 74,170 | 99,320 |
Inventory, net of reserve | 378,307 | 445,740 |
Prepaid expenses and other | 278,648 | 364,171 |
Total current assets | 1,886,958 | 2,622,157 |
Equipment and leasehold improvements, net | 140,198 | 220,177 |
Capitalized contract costs, net | 409,426 | 229,806 |
Deposits and other assets | 7,976 | 0 |
Operating lease right-of-use assets | 73,372 | 36,905 |
Approximation | 73,372 | 36,905 |
Investments | 5,000,000 | 0 |
Maximum - Boumarang, Inc. | 5,000,000 | — |
Intangible assets, net | 1,097,630 | 1,407,990 |
Total non-current assets | 6,728,602 | 1,894,878 |
TOTAL ASSETS | 8,615,560 | 4,517,035 |
LIABILITIES | ||
Accounts payable | 818,187 | 1,316,014 |
Accrued liabilities | 1,278,732 | 1,305,848 |
Senior Secured Promissory Note | 1,525,977 | 0 |
Government Loan | 132,731 | 138,730 |
Deferred revenue - current | 773,267 | 414,968 |
Operating lease liabilities, current portion | 24,642 | 37,829 |
Total current liabilities | 4,553,536 | 3,213,389 |
Deferred revenue, net of current portion | 196,237 | 28,296 |
Deferred tax liability | 0 | 22,998 |
Government loan – BBVA Bank, net of current portion | 44,762 | 188,787 |
Operating lease liabilities, net of current portion | 48,994 | 0 |
Total non-current liabilities | 289,993 | 240,081 |
TOTAL LIABILITIES | 4,843,529 | 3,453,470 |
STOCKHOLDERS’ EQUITY | ||
Common stock — authorized, 170,000,000 shares; issued and outstanding; 3,715,483 and 1,032,777 of $.0001 par value at December 31, 2024 and December 31, 2023, respectively | 372 | 103 |
Additional paid-in capital | 133,030,271 | 126,047,851 |
Accumulated other comprehensive loss | 49,290 | 22,821 |
Accumulated deficit | (129,307,902) | (125,007,210) |
TOTAL STOCKHOLDERS’ EQUITY | 3,772,031 | 1,063,565 |
Common Stock | 372 | 103 |
Additional Paid-in Capital | 133,030,271 | 126,047,851 |
AOCI Attributable to Parent | 49,290 | 22,821 |
Retained Earnings | (129,307,902) | (125,007,210) |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 8,615,560 | 4,517,035 |