BIO-key International, Inc. (BKYI) Financial Statements (2023 and Earlier)
Company Profile
| Business Address |
3349 HIGHWAY 138 WALL, NJ 07719 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3576 - Computer Communications Equipment (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 17,506 | 592 | 324 | 289 | 1,061 | |||
| Cash and cash equivalents | 16,993 | 79 | 324 | 289 | 1,061 | |||
| Short-term investments | 513 | 513 | ||||||
| Receivables | 843 | 126 | 1,574 | 2,876 | 1,563 | |||
| Inventory, net of allowances, customer advances and progress billings | 331 | 429 | 999 | 947 | 465 | |||
| Inventory | 331 | 429 | 999 | 947 | 465 | |||
| Other current assets | 60 | 111 | 57 | 110 | 54 | |||
| Other undisclosed current assets | 202 | 108 | 1,276 | 2,793 | 1,767 | |||
| Total current assets: | 18,942 | 1,366 | 4,229 | 7,014 | 4,910 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 487 | 566 | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 82 | 96 | 149 | 181 | 68 | |||
| Long-term investments and receivables | 760 | 1,570 | ||||||
| Accounts and financing receivable, after allowance for credit loss | 760 | 1,570 | ||||||
| Intangible assets, net (including goodwill) | 2,777 | 154 | 196 | 181 | 134 | |||
| Goodwill | 1,263 | |||||||
| Intangible assets, net (excluding goodwill) | 1,514 | 154 | 196 | 181 | 134 | |||
| Contract with customer, asset, net | 165 | 232 | 319 | ✕ | ✕ | |||
| Deposits noncurrent assets | 9 | 9 | 9 | 9 | 9 | |||
| Other undisclosed noncurrent assets | 59 | 74 | 6,791 | 7,934 | 10,598 | |||
| Total noncurrent assets: | 3,579 | 1,130 | 7,463 | 9,065 | 12,379 | |||
| TOTAL ASSETS: | 22,521 | 2,497 | 11,692 | 16,079 | 17,289 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 753 | 1,606 | 1,030 | 1,818 | 1,203 | |||
| Accounts payable | 244 | 919 | 481 | 499 | 467 | |||
| Accrued liabilities | 508 | 687 | 548 | 688 | 335 | |||
| Interest and dividends payable | 630 | 401 | ||||||
| Deferred revenue | 657 | 359 | ✕ | ✕ | ✕ | |||
| Debt | 232 | 2,255 | ||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | 197 | ✕ | ✕ | ||
| Other undisclosed current liabilities | 234 | 171 | 508 | 633 | ||||
| Total current liabilities: | 1,876 | 4,391 | 1,226 | 2,326 | 1,836 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 264 | 390 | ||||||
| Operating lease, liability | 264 | 390 | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 45 | |||||||
| Deferred revenue | 45 | ✕ | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | (390) | |||||||
| Total noncurrent liabilities: | 309 | 390 | ||||||
| Total liabilities: | 2,185 | 4,782 | 1,226 | 2,326 | 1,836 | |||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent, including: | 20,335 | (2,285) | 10,466 | 13,753 | 15,453 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | |||
| Additional paid in capital | 119,844 | 87,436 | 85,599 | 80,829 | 78,253 | |||
| Accumulated deficit | (99,510) | (89,723) | (75,134) | (67,076) | (62,801) | |||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | ||||||
| Total stockholders' equity: | 20,335 | (2,285) | 10,466 | 13,753 | 15,453 | |||
| TOTAL LIABILITIES AND EQUITY: | 22,521 | 2,497 | 11,692 | 16,079 | 17,289 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 2,837 | 2,268 | 4,045 | 6,303 | 2,976 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 4,414 | 2,976 | |
| Sublease income | 487 | 566 | ✕ | ✕ | ✕ | ||
| Cost of revenue (Cost of Goods and Services Sold) | (795) | (2,461) | (4,164) | (3,242) | (730) | ||
| Gross profit: | 2,042 | (194) | (120) | 3,061 | 2,246 | ||
| Operating expenses | (7,365) | (7,565) | (6,749) | (7,336) | (6,448) | ||
| Other undisclosed operating income | 853 | 6,690 | |||||
| Operating loss: | (4,471) | (1,069) | (6,869) | (4,275) | (4,202) | ||
| Nonoperating income (expense) | (5,203) | (13,520) | 0 | 0 | |||
| Investment income, nonoperating | 31 | 0 | 0 | ||||
| Interest and debt expense | (499) | (1,069) | |||||
| Loss from continuing operations before income taxes: | (10,173) | (15,658) | (6,869) | (4,275) | (4,202) | ||
| Income tax benefit | 12 | ||||||
| Net loss: | (10,173) | (15,658) | (6,869) | (4,275) | (4,190) | ||
| Other undisclosed net income attributable to parent | 499 | 1,069 | |||||
| Net loss attributable to parent: | (9,674) | (14,589) | (6,869) | (4,275) | (4,190) | ||
| Preferred stock dividends and other adjustments | (1,627) | (769) | (803) | ||||
| Other undisclosed net loss available to common stockholders, basic | (113) | ||||||
| Net loss available to common stockholders, diluted: | (9,787) | (14,589) | (8,496) | (5,044) | (4,992) | ||
Comprehensive Income ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (10,173) | (15,658) | (6,869) | (4,275) | (4,190) | ||
| Comprehensive loss, net of tax, attributable to parent: | (10,173) | (15,658) | (6,869) | (4,275) | (4,190) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.