10-Q
Quarterly Report
BIO KEY INTERNATIONAL INC
BKYI
NASDAQ
CIK: 1019034
File #: 1-13463
Balance Sheet
40 line items · 2 periods
XBRL
| Item | Mar 31, 2025 | Dec 31, 2024 |
|---|---|---|
ASSETS | ||
Cash and cash equivalents | 3,133,752 | 437,604 |
Accounts receivable, net | 803,277 | 718,229 |
Due from factor | 40,450 | 74,170 |
Inventory | 357,842 | 378,307 |
Prepaid expenses and other | 254,285 | 278,648 |
Total current assets | 4,589,606 | 1,886,958 |
Equipment and leasehold improvements, net | 122,986 | 140,198 |
Capitalized contract costs, net | 375,705 | 409,426 |
Deposits and other assets | 7,976 | 7,976 |
Operating lease right-of-use assets | 67,142 | 73,372 |
Approximation | 67,670 | 73,372 |
Investments | 5,000,000 | 5,000,000 |
Intangible assets, net | 1,020,261 | 1,097,630 |
Total non-current assets | 6,594,070 | 6,728,602 |
TOTAL ASSETS | 11,183,676 | 8,615,560 |
LIABILITIES | ||
Accounts payable | 568,836 | 818,187 |
Accrued liabilities | 1,042,411 | 1,278,732 |
Senior Secured Promissory Note | 762,151 | 1,525,977 |
Government Loan | 138,667 | 132,731 |
Deferred revenue, current | 928,291 | 773,267 |
Operating lease liabilities, current portion | 25,260 | 24,642 |
Total current liabilities | 3,465,616 | 4,553,536 |
Deferred revenue, long term | 136,931 | 196,237 |
Government loan – BBVA Bank – net of current portion | 11,666 | 44,762 |
Operating lease liabilities, net of current portion | 42,410 | 48,994 |
Total non-current liabilities | 191,007 | 289,993 |
TOTAL LIABILITIES | 3,656,623 | 4,843,529 |
STOCKHOLDERS’ EQUITY | ||
Common stock — authorized, 170,000,000 shares; issued and outstanding; 5,814,041 and 3,715,483 of $.0001 par value at March 31, 2025 and December 31, 2024, respectively | 582 | 372 |
Additional paid-in capital | 137,514,825 | 133,030,271 |
Accumulated other comprehensive loss | 56,093 | 49,290 |
Accumulated deficit | (130,044,447) | (129,307,902) |
TOTAL STOCKHOLDERS’ EQUITY | 7,527,053 | 3,772,031 |
Common Stock | 582 | 372 |
Additional Paid-in Capital | 137,514,825 | 133,030,271 |
AOCI Attributable to Parent | 56,093 | 49,290 |
Retained Earnings | (130,044,447) | (129,307,902) |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 11,183,676 | 8,615,560 |