Welcome to our dedicated page for Socket Mobile SEC filings (Ticker: SCKT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission filings for Socket Mobile, Inc. (NASDAQ: SCKT), a manufacturer of data capture and delivery products such as cordless barcode scanners and contactless readers/writers. As a public company, Socket Mobile files annual, quarterly, and current reports that describe its financial condition, risk factors, and key business drivers.
In its public disclosures, the company notes that revenue is primarily driven by third-party barcode-enabled mobile applications that integrate Socket Mobile devices, serving specialty retail, field service, digital ID, transportation, and manufacturing markets. Filings such as the Form 10-K and Form 10-Q typically provide detail on these revenue sources, gross margins, operating expenses, and other financial metrics prepared in accordance with U.S. GAAP.
Recent Form 8-K filings reference press releases reporting quarterly results for specific periods, including information on revenue, operating loss, cash balances, and financing activities. These current reports help investors monitor short-term performance and material developments. Other SEC forms, including proxy statements and registration statements when filed, can give additional insight into governance, executive compensation, and capital structure.
On Stock Titan, Socket Mobile’s SEC filings are updated in near real time from the EDGAR system. AI-powered summaries help explain the contents of lengthy documents such as 10-K and 10-Q reports in simpler language, highlighting key business segments, major risks, and notable changes from prior periods. Users can also review Form 4 insider transaction filings when available, to see reported purchases or sales of SCKT shares by company insiders as disclosed to the SEC.
By combining raw filings with AI-generated overviews, this page is intended to make Socket Mobile’s regulatory disclosures easier to navigate for investors, researchers, and anyone analyzing the company’s data capture and digital identity business.
Charlie Bass, Chair of the Board of Socket Mobile, Inc., filed an amended ownership report showing beneficial ownership of 5,030,216 shares of Common Stock, representing 43.6% of the 11,549,972 shares deemed outstanding as of March 27, 2026.
His position includes shares held by the Bass Trust, stock options exercisable within 60 days, and shares issuable upon conversion of several convertible subordinated secured promissory notes, including a new $400,000 2026 Note bearing 10% annual interest and convertible into up to 444,444 shares. During November 2025, the Bass Trust made multiple open-market purchases, and in early 2026 it received restricted stock and stock option grants, all reported as held for investment purposes.
Socket Mobile, Inc. reported 2025 revenue of $15.1 million, down about 20% from 2024 as weaker demand and distribution headwinds reduced sales. Gross margin slipped slightly to 49.7%, and operating expenses fell 10% but not enough to offset the drop in revenue.
The company posted an operating loss of $3.2 million and a net loss of $14.4 million, largely driven by recording a $10.7 million valuation allowance against deferred tax assets. Total assets declined to $14.4 million and stockholders’ equity fell to $4.3 million, while cash was $2.0 million with no bank debt and $5.5 million of subordinated convertible notes outstanding.
SOCKET MOBILE, INC. director and more than 10% owner Charlie Bass reported an open-market or private purchase of a Subordinated Convertible Note on March 27, 2026. The note is currently convertible into 444,444 shares of common stock at a conversion price of $0.90 per share.
Following this transaction, Bass’s reported beneficial holdings tied to this instrument and related securities total 3,267,826 shares. The note can be converted at any time on or prior to March 27, 2029, and on or after March 27, 2027, the holder may instead choose prepayment of principal and accrued interest in cash.
Socket Mobile, Inc. completed a secured subordinated convertible note financing of $500,000 to increase its working capital. The notes carry a 3-year term, mature on March 27, 2029, and pay 10% annual interest in cash, quarterly.
Investors holding the notes may demand repayment of principal plus interest any time after March 27, 2027, and can choose to convert principal into common stock at $0.90 per share. The notes are secured by company assets and subordinated to debt owed to Western Alliance Bank. Board chairman Charlie Bass participated, with the transaction approved by a special committee of disinterested directors. The securities were sold to accredited investors under private offering exemptions.
Socket Mobile, Inc. entered into a Secured Subordinated Convertible Note Extension Agreement with the requisite holders of its outstanding notes. The agreement extends the maturity date on $1,600,000 of secured subordinated convertible notes from May 26, 2026 to May 26, 2028, while keeping all other terms and conditions unchanged. Certain notes are held by related parties, including Chairman Charlie Bass and director Bill Parnell, so a special committee of disinterested board members reviewed and approved the extension.
SOCKET MOBILE, INC. director and 10% owner Charlie Bass received a grant of stock options covering 16,000 shares of common stock as repayment of 2025 voluntary compensation deductions. The options have an exercise price of $1.00 per share and vest in equal monthly installments over four years starting February 27, 2026. Following this grant, Bass holds options on 159,000 shares.
SOCKET MOBILE, INC. director William L. Parnell Jr. reported receiving a grant of options to acquire 16,000 shares of common stock. The options have an exercise price of $1.00 per share and were granted as repayment of 2025 voluntary compensation deductions. Following this award, he holds options on 62,000 shares. The options vest in equal monthly installments over four years, beginning on February 27, 2026, which spreads the potential share acquisition over time.
SOCKET MOBILE, INC. director Ivan Lazarev reported receiving a grant of stock options, rather than buying shares on the open market. He was awarded options for 12,400 shares of common stock with an exercise price of $1.00 per share, issued as repayment of 2025 voluntary compensation deductions. The options vest in equal monthly installments over a four-year period commencing February 27, 2026. Following this grant, Lazarev holds stock options covering 33,400 shares of Socket Mobile common stock.
Socket Mobile, Inc. Chief Executive Officer Kevin J. Mills reported an acquisition of derivative securities through a stock option grant. He received 54,750 common stock options as repayment of 2025 voluntary compensation deductions, with an exercise price of $1.00 per share. These options vest in equal monthly installments over a four-year period commencing February 27, 2026. Following this grant, Mills holds 211,950 stock options in total.
SOCKET MOBILE, INC. reported that Chief Business Officer David A. Holmes acquired a grant of stock options for 48,300 shares of common stock. These options have an exercise price of $1.00 per share and were granted in repayment of 2025 voluntary compensation deductions.
The options vest in equal monthly installments over a four-year period commencing February 27, 2026, aligning part of his compensation with the company’s long-term performance. Following this grant, Holmes holds a total of 173,300 stock options.