2. Significant Events and Transactions	9 Months Ended
Sep. 30, 2020
Significant Events And Transactions
2. Significant Events and Transactions	In October 2020, the Company announced that its operating subsidiary received an order totaling approximately $1.5 million from an agency of the U.S. Department of the Interior (DoI). The order was for BK’s KNG 2 Series Digital P-25 portable radios and KNG Series mobile radios with related accessories. The order is anticipated to be fulfilled during the fourth quarter of 2020. In October 2020, the Company announced that its operating subsidiary received an order totaling approximately $1.1 million from an agency of the state of Tennessee. The order was for BK’s new BKR 5000 Digital P-25 portable radio with related accessories and is anticipated to be fulfilled during the fourth quarter of 2020. Pursuant to the Company’s capital return program, the Company’s Board of Directors declared a quarterly dividend of $0.02 per share of the Company’s common stock on September 17, 2020 to stockholders of record as of October 5, 2020. These dividends were paid on October 19, 2020. In August 2020, the Company’s operating subsidiary announced the market introduction of the BKR 5000 portable radio; the first model in the new BKR Series of APCO Project 25 land mobile radio products and solutions. In August 2020, the Company’s operating subsidiary announced the engagement of a national investor relations firm to launch a comprehensive investor relations program. In August 2020, the Company announced that its operating subsidiary received an order totaling approximately $1.1 million from the National Interagency Fire Center (NIFC). The order was for BK’s KNG2-Series Digital P-25 portable radios with related accessories. This order was fulfilled during the third quarter of 2020. In August 2020, the Company announced that its operating subsidiary was awarded a contract for up to $4.2 million dollars from an electric utility agency of the U.S. Department of Energy (DoE). The contract was for BK’s KNG2 and KNG Digital P-25 portable and mobile radios with related accessories for deployment at more than 35 sites in the United States. The contract covers a period of one year, which commenced on June 24, 2020 and will expire on June 23, 2021, providing for purchases of equipment up to $4.2 million. It does not specify precise delivery dates or quantities. Shortly after awarding the contract, the DoE issued firm purchase orders for equipment totaling approximately $3.1 million, which were fulfilled in the third quarter of 2020. In December 2019, a novel strain of the coronavirus (“COVID-19”) surfaced in Wuhan, China, which spread globally and was declared a pandemic by the World Health Organization in March 2020. The challenges posed by the COVID-19 pandemic on the global economy increased significantly as the year of 2020 progressed, and the Company anticipates the effects of COVID-19 may continue to have an adverse impact on the Company going forward. In response to COVID-19, national and local governments around the world have instituted certain measures, including travel bans, prohibitions on group events and gatherings, shutdowns of certain businesses, curfews, shelter-in-place orders and recommendations to practice social distancing. In response to the COVID-19 pandemic, the Company has undertaken certain measures in an effort to mitigate the impact of the COVID-19 pandemic on the Company, including implementing employee safety measures and taking steps to reduce expenses, including workforce reductions. The ultimate impact of COVID-19 on the Company’s business, results of operations, financial condition and cash flows is dependent on future developments, including the duration of the pandemic and the related length of its impact on the global economy, which are uncertain and, given the daily evolution of the COVID-19 pandemic and the global responses to curb its spread, cannot be predicted at this time. Even after the COVID-19 pandemic has subsided, the Company may continue to experience an adverse impact to its business as a result of the pandemic’s national and, to some extent, global economic impact, including any recession that has occurred or may occur in the future.

2. Significant Events and Transactions

9 Months Ended

Sep. 30, 2020

In October 2020, the Company announced that its operating subsidiary received an order totaling approximately $1.5 million from an agency of the U.S. Department of the Interior (DoI). The order was for BK’s KNG 2 Series Digital P-25 portable radios and KNG Series mobile radios with related accessories. The order is anticipated to be fulfilled during the fourth quarter of 2020.

In October 2020, the Company announced that its operating subsidiary received an order totaling approximately $1.1 million from an agency of the state of Tennessee. The order was for BK’s new BKR 5000 Digital P-25 portable radio with related accessories and is anticipated to be fulfilled during the fourth quarter of 2020.

Pursuant to the Company’s capital return program, the Company’s Board of Directors declared a quarterly dividend of $0.02 per share of the Company’s common stock on September 17, 2020 to stockholders of record as of October 5, 2020. These dividends were paid on October 19, 2020.

In August 2020, the Company’s operating subsidiary announced the market introduction of the BKR 5000 portable radio; the first model in the new BKR Series of APCO Project 25 land mobile radio products and solutions.

In August 2020, the Company’s operating subsidiary announced the engagement of a national investor relations firm to launch a comprehensive investor relations program.

In August 2020, the Company announced that its operating subsidiary received an order totaling approximately $1.1 million from the National Interagency Fire Center (NIFC). The order was for BK’s KNG2-Series Digital P-25 portable radios with related accessories. This order was fulfilled during the third quarter of 2020.

In August 2020, the Company announced that its operating subsidiary was awarded a contract for up to $4.2 million dollars from an electric utility agency of the U.S. Department of Energy (DoE). The contract was for BK’s KNG2 and KNG Digital P-25 portable and mobile radios with related accessories for deployment at more than 35 sites in the United States. The contract covers a period of one year, which commenced on June 24, 2020 and will expire on June 23, 2021, providing for purchases of equipment up to $4.2 million. It does not specify precise delivery dates or quantities. Shortly after awarding the contract, the DoE issued firm purchase orders for equipment totaling approximately $3.1 million, which were fulfilled in the third quarter of 2020.

In December 2019, a novel strain of the coronavirus (“COVID-19”) surfaced in Wuhan, China, which spread globally and was declared a pandemic by the World Health Organization in March 2020. The challenges posed by the COVID-19 pandemic on the global economy increased significantly as the year of 2020 progressed, and the Company anticipates the effects of COVID-19 may continue to have an adverse impact on the Company going forward. In response to COVID-19, national and local governments around the world have instituted certain measures, including travel bans, prohibitions on group events and gatherings, shutdowns of certain businesses, curfews, shelter-in-place orders and recommendations to practice social distancing. In response to the COVID-19 pandemic, the Company has undertaken certain measures in an effort to mitigate the impact of the COVID-19 pandemic on the Company, including implementing employee safety measures and taking steps to reduce expenses, including workforce reductions. The ultimate impact of COVID-19 on the Company’s business, results of operations, financial condition and cash flows is dependent on future developments, including the duration of the pandemic and the related length of its impact on the global economy, which are uncertain and, given the daily evolution of the COVID-19 pandemic and the global responses to curb its spread, cannot be predicted at this time. Even after the COVID-19 pandemic has subsided, the Company may continue to experience an adverse impact to its business as a result of the pandemic’s national and, to some extent, global economic impact, including any recession that has occurred or may occur in the future.