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, 2025 | Dec 31, 2024 |
|---|---|---|
ASSETS | ||
Cash and cash equivalents | 2,694,663 | 437,604 |
Accounts receivable, net | 1,220,822 | 718,229 |
Due from factor | 0 | 74,170 |
Inventory, net of reserve | 370,879 | 378,307 |
Prepaid expenses and other | 251,323 | 278,648 |
Total current assets | 4,537,687 | 1,886,958 |
Equipment and leasehold improvements, net | 67,751 | 140,198 |
Capitalized contract costs, net | 311,591 | 409,426 |
Deposits and other assets | 7,976 | 7,976 |
Operating lease right-of-use assets | 47,953 | 73,372 |
Investment | 2,500,000 | 5,000,000 |
Intangible assets, net | 830,357 | 1,097,630 |
Total non-current assets | 3,765,628 | 6,728,602 |
TOTAL ASSETS | 8,303,315 | 8,615,560 |
LIABILITIES | ||
Accounts payable | 507,357 | 818,186 |
Accrued liabilities | 1,333,930 | 1,278,732 |
Senior Secured Promissory Note | 604,102 | 1,525,977 |
Government Loan | 50,530 | 132,731 |
Deferred revenue – current | 572,513 | 773,267 |
Operating lease liabilities, current portion | 27,728 | 24,642 |
Total current liabilities | 3,096,160 | 4,553,535 |
Deferred revenue, net of current portion | 62,584 | 196,237 |
Deferred tax liability | 16,500 | 0 |
Government loan – BBVA Bank, net of current portion | 0 | 44,762 |
Operating lease liabilities, net of current portion | 21,266 | 48,994 |
Total non-current liabilities | 100,350 | 289,993 |
TOTAL LIABILITIES | 3,196,510 | 4,843,528 |
STOCKHOLDERS’ EQUITY | ||
Common stock — authorized, 170,000,000 shares; issued and outstanding; 1,085,360 and 371,696 of $.0001 par value at December 31, 2025 and December 31, 2024, respectively | 109 | 37 |
Additional paid-in capital | 141,497,741 | 133,030,607 |
Accumulated other comprehensive loss | 74,803 | 49,290 |
Accumulated deficit | (136,465,848) | (129,307,902) |
TOTAL STOCKHOLDERS’ EQUITY | 5,106,805 | 3,772,032 |
Common Stock | 109 | 37 |
Additional Paid-in Capital | 141,497,741 | 133,030,607 |
AOCI Attributable to Parent | 74,803 | 49,290 |
Retained Earnings | (136,465,848) | (129,307,902) |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 8,303,315 | 8,615,560 |