Sales, net
Expenses
Cost of products
Selling, general and administrative
Total expenses
Operating (loss) income
Other (expense) income:
Net interest (expense) income
(Loss) gain on investment in securities
Other expense
Loss before income taxes
Income tax (expense) benefit
Net loss
Net loss per share-basic:
Net loss per share-diluted:
Weighted average shares outstanding-basic
Weighted average shares outstanding-diluted
BK TECHNOLOGIES CORPORATION Condensed Consolidated Balance Sheets
(In thousands, except share data)
ASSETS
Current assets:
Cash and cash equivalents
Trade accounts receivable, net
Inventories, net
Prepaid expenses and other current assets
Total current assets
Property, plant and equipment, net
Right-of-use (ROU) asset
Investment in securities
Deferred tax assets, net
Other assets
Total assets
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable
Accrued compensation and related taxes
Accrued warranty expense
Accrued other expenses and other current liabilities
Dividends payable
Short-term lease liability
Note payable-current portion
Deferred revenue
Total current liabilities
Note payable, net of current portion
Long-term lease liability
Deferred revenue
Total liabilities
Commitments and contingencies
Stockholders’ equity:
Preferred stock; $1.00 par value; 1,000,000 authorized shares; none issued or outstanding
Common stock; $.60 par value; 20,000,000 authorized shares; 13,943,820 and 13,929,381 issued and 12,493,420 and 12,596,923 outstanding shares at June 30, 2020 and December 31, 2019, respectively
Additional paid-in capital
Accumulated deficit
Treasury stock, at cost, 1,450,400 and 1,332,458 shares at June 30, 2020 and December 31, 2019, respectively
Total stockholders’ equity
Total liabilities and stockholders’ equity