Vislink技术 2024年度报告

FORM10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember 31,2024or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period from__________ to__________ Commission File Number:001-35988 Vislink Technologies, Inc.(Exact name of registrant as specified in its charter) 350 Clark Drive,Suite 125,Mt. Olive,NJ07828(Address of principal executive offices) (Zip Code) (Registrant’s telephone number, including area code):(908)852-3700 Securities registered pursuant to Section 12(b) of the Act: NoneSecurities registered pursuant to Section 12(g) of the Act1 Name of each exchange on which registeredOTCQB Venture Market Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter periods that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically on its corporate Website, if any, every Interactive Data Filerequired to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for asuch shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will notbe contained, to the best of the registrant’s knowledge, in definitive proxy or information statements incorporated by reference in PartIII of this Form 10-K or any amendment to this Form 10-K.☐ Indicate by check mark whether the registrant is a large, accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Accelerated filer☐Smaller reporting company☒Emerging growth company☐ Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by a check mark if the registrant has elected not to use the extended transition period tocomply with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ As of June 30, 2024, the last business day of the registrant’s most recently completed second fiscal quarter, the aggregate market valueof the common stock held by non-affiliates of the registrant was approximately $10.7million based on the closing price of $4.35 forthe registrant’s common stock as quoted on the Nasdaq Capital Market on that date. Shares of common stock held by each director,each officer, and each person who owns 10% or more of the outstanding common stock have been excluded from this calculation inthat such persons may be deemed affiliates. The determination of affiliate status is not necessarily conclusive. The registrant had2,467,618shares of its common stock outstanding as of April 30, 2025. Documents Incorporated by Reference Certain information required by Items 10, 11, 12, 13, and 14 of Part III of this Annual Report on Form 10-K will be disclosed in theregistrant’s definitive Proxy Statement for its 2025 Annual Meeting of Stockholders or in a Form 10-K amendment, within 120 days ofDecember 31, 2024. VISLINK TECHNOLOGIES, INC.FORM 10-KANNUAL REPORTFor the Fiscal Year Ended December 31, 2024 TABLE OF CONTENTS PagePART IItem 1.Business4Item 1A.Risk Factors15Item 1B.Unresolved Staff Comments27Item 1C.Cybersecurity27Item 2.Properties29Item 3.Legal Proceedings29Item 4.Mine Safety Disclosures29PART IIItem 5.Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of EquitySecurities30Item 6.Reserved30Item 7.Management’s Discussion and Analysis of Financial Conditions and Results of Operations31Item 7A.Quantitative and Qualitative D