What changed in this filing

/stocks — the workspaceLOADING

Item 9A. Controls and Procedures

2026-03-26 compared with 2025-03-27 · 100 added, 90 removed, 362 unchanged (34% of the section changed)

1 unchanged sentence

Evaluation of Disclosure Controls and Procedures

The phrase “disclosure controls and procedures” refers to controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934, as amended, or the Exchange Act, such as this Annual Report on Form 10-K, is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC.

The phrase “disclosure controls and procedures” refers to controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act, such as this Form 10-K, is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC.

Disclosure controls and procedures are also designed to ensure that such information is accumulated and communicated to our management, including our chief executive officer, or CEO, and chief financial officer, or CFO, as appropriate to allow timely decision regarding required disclosure.

Our management, with the participation of our CEO and CFO, has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act), as of December 31, 2024, the end of the period covered by this Annual Report on Form 10-K.

Our management, with the participation of our CEO and CFO, has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act), as of December 31, 2025, the end of the period covered by this Form 10-K.

Based on such evaluation, our CEO and CFO have concluded that as of December 31, 2025, our disclosure controls and procedures were designed at a reasonable assurance level and were effective to provide reasonable assurance that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the rules and forms of the SEC, and that such information is accumulated and communicated to our management, including our CEO and CFO, as appropriate, to allow timely decisions regarding required disclosure.

3 unchanged sentences

Based on this evaluation, management has concluded that our internal control over financial reporting was effective as of December 31, 2025.

This Annual Report on Form 10-K does not include an attestation report of our independent registered public accounting firm regarding our internal control over financial reporting due to an exemption established for smaller reporting companies.

This Form 10-K does not include an attestation report of our independent registered public accounting firm regarding our internal control over financial reporting due to an exemption established for smaller reporting companies.

Changes in Internal Controls over Financial Reporting

5 unchanged sentences

Our management, including our CEO and CFO, does not expect that our disclosure controls or our internal control over financial reporting will prevent or detect all errors and all fraud.

A control system, no matter how well designed and operated, can provide only

reasonable, not absolute, assurance that the control system’s objectives will be met.

A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objectives will be met.

Internal control over financial reporting is a process that involves human diligence and compliance and is subject to lapses in judgment and breakdowns resulting from human failures.

7 unchanged sentences

Executive Officers and Directors

Our business affairs are managed under the direction of our Board of Directors, which currently consists of four members.

Our business affairs are managed under the direction of our Board, which currently consists of four members.

Each director’s term will continue until the election and qualification of his or her successor or his or her earlier death, resignation, or removal.

Our executive officers are appointed by our Board of Directors and serve until their successors have been duly elected and qualified.

Our executive officers are appointed by the Board and serve until their successors have been duly elected and qualified.

There are no family relationships among any of our directors or executive officers.

10 unchanged sentences

Bronson assumed the positions of President and CEO and became a director of Qualstar Corporation (OTCMKTS:

QBAK), a high-quality tape library manufacturer, and its subsidiary N2Power, a manufacturer of high efficiency power supplies for diverse electronics industries.

QBAK), a high-quality tape library manufacturer, and its subsidiary N2Power, Inc., a manufacturer of high efficiency power supplies for diverse electronics industries.

He immediately initiated a turnaround strategy, implementing cost-cutting measures and aggressive sales efforts.

20 unchanged sentences

Fregosi joined our Board in February 2021.

Fregosi presently serves as Executive Vice President – Operations at Lennar Mortgage, a division of Lennar Corporation (NYSE:LEN and LEN.B), with a focus on the finance and secondary market divisions.

Fregosi presently serves as Executive Vice President – Operations and Chief Financial Officer at Lennar Mortgage, a division of Lennar Corporation (NYSE:LEN and LEN.B), with a focus on the finance and secondary market divisions.

She previously served as Chief Investment Officer and founding member of Homepoint (NASDAQ:

HMPT), a national residential mortgage originator and servicer, where she was responsible for the company’s balance sheet, servicing asset, correspondent division and investments.

HMPT), a national residential mortgage originator and servicer, where she was responsible for the company’s

balance sheet, servicing asset, correspondent division and investments.

Prior to her tenure at Homepoint, Ms.

1 unchanged sentence

She earned an MBA in finance from the University of Rochester’s Simon School and graduated summa cum laude with a BA in Economics from SUNY Buffalo State College.

Fregosi was selected to serve on our Board of Directors because of her extensive business experience in working with publicly held companies in the investment banking and financial services industries.

Fregosi was selected to serve on the Board because of her extensive business experience working with publicly held companies in the investment banking and financial services industries.

Hou joined our Board in 2020.

2 unchanged sentences

Hou was the Head of Product Development for Real Assets in Americas at Apex Group, one of the largest solution providers for financial institutions globally, with $3 trillion of assets under administration.

In addition, she is the cofounder and CEO of MREN, a cloud-based commercial real estate market network.

In addition, she is the cofounder and CEO of MREN, a cloud-based commercial real estate market network, and serves as a Director of Aulea Medical Inc., a medical device company.

Hou spent 10 years on Wall Street (DLJ, Lehman, Barclays), where she closed $10 billion in RE transactions.

2 unchanged sentences

She is a proud graduate of Cornell University and continues to give back to her alma mater as a volunteer board director of the Cornell Asian Alumni Association.

Hou was selected to serve on our Board of Directors because of her extensive business experience in working with technology companies, as both a Wall Street banker and entrepreneur.

Hou was selected to serve on the Board because of her extensive business experience working with technology companies, as both a Wall Street banker and entrepreneur.

Wolenski joined our Board in 2020.

3 unchanged sentences

Wolenski holds a BS degree in Mechanical Engineering from the University of Colorado at Boulder and an MBA from the University of Colorado at Denver .

Wolenski was selected to serve on our Board of Directors because of his senior executive management experience at privately held and publicly held manufacturing companies and his prior experience as a director of other companies.

Wolenski was selected to serve on the Board because of his senior executive management experience at privately held and publicly held manufacturing companies and his prior experience as a director of other companies.

Code of Ethics

Interlink has adopted a written Code of Business Conduct and Ethics, which complies with the requirements for a code of ethics pursuant to Item 406(b) of Regulation S-K under the Exchange Act, which applies to our chief executive officer, chief financial officer and persons performing similar functions.

We have adopted a written Code of Business Conduct and Ethics, which complies with the requirements for a code of ethics pursuant to Item 406(b) of Regulation S-K under the Exchange Act and which applies to our chief executive officer, chief financial officer and persons performing similar functions.

A copy of the Code of Business Conduct and Ethics is posted on the “Investors” section of our website at www.interlinkelectronics.com.

1 unchanged sentence

A copy of the Code of Business Conduct and Ethics will be provided, without charge, to any shareholder who sends a written request to our Chief Financial Officer at Interlink Electronics, Inc., 48389 Fremont Boulevard, Suite 110, Fremont, California 94538.

Delinquent Section 16(a) Reports

Section 16(a) of the Securities Exchange Act of 1934, as amended, requires that our executive officers and directors, and persons who own more than 10% of our common stock, file reports of ownership and changes of ownership with the SEC.

Such directors, executive officers and 10% stockholders are required by SEC regulations to furnish us with copies of all Section 16(a) forms they file.

SEC regulations require us to identify in this report anyone who filed a required report late during the most recent year.

Based on our review of forms we received, or written representations from reporting persons stating that they were not required to file these forms, we believe that during 2025, all Section 16(a) filing requirements were satisfied on a timely basis except that David Wolenski filed a Form 4 on November 25, 2025, reporting late two purchases of an aggregate of 2,170 shares of common stock.

Insider Trading Policies and Procedures

Interlink maintains an insider trading policy governing the purchase, sale, and other dispositions of Interlink’s securities by all directors, officers, and employees, and certain consultants, agents and independent contractors of Interlink and its subsidiaries.

In addition, with regard to Interlink trading in its own securities, we comply with the federal securities laws and the applicable exchange listing requirements.

A copy of our insider trading policy is filed as Exhibit 19.1 to this Annual Report on Form 10-K.

We maintain an insider trading policy governing the purchase, sale, and other dispositions of our securities by all directors, officers, and employees, and certain consultants, agents and independent contractors of the company and its subsidiaries.

In addition, with

regard to Interlink trading in its own securities, we comply with the federal securities laws and the applicable exchange listing requirements.

Our insider trading policy is incorporated by reference as Exhibit 19.1 to this Form 10-K.

Stockholder Recommendations and Nominations of Candidates for Election to the Board of Directors

Our Board of Directors has established a nominating and governance committee, which is responsible for, among other things:

evaluating and making recommendations regarding the composition, organization and governance of our Board of Directors and its committees;

Our Board has established a nominating and governance committee, which is responsible for, among other things:

evaluating and making recommendations regarding the composition, organization and governance of the Board and its committees;

identifying, recruiting and nominating director candidates to the board if and when necessary;

3 unchanged sentences

The nominating and governance committee employs a variety of methods for identifying and evaluating director nominees.

In its evaluation of director candidates, the nominating and governance committee will consider the current size and composition of the Board of Directors and the needs of the Board of Directors and the respective committees of the Board of Directors.

In its evaluation of director candidates, the nominating and governance committee will consider the current size and composition of the Board and the needs of the Board and the respective committees of the Board.

Some of the qualifications that the committee considers include, without limitation, issues of character, integrity, judgment, diversity of experience, independence, area of expertise, corporate experience, length of service, potential conflicts of interest and other commitments.

The nominating and governance committee requires the following minimum qualifications to be satisfied by any nominee for a position on our Board of Directors:

(i) the highest personal and professional ethics and integrity, (ii) proven achievement and competence in the nominee’s field and the ability to exercise sound business judgment, (iii) skills and expertise that are complementary to those of the existing members of our Board of Directors, (iv) the ability to assist and support management and make significant contributions to the company’s success, and (v) an understanding of the fiduciary responsibilities that are required of a member of our Board of Directors, and the commitment of time and energy necessary to diligently carry out those responsibilities.

The nominating and governance committee requires the following minimum qualifications to be satisfied by any nominee for a position on the Board:

(i) the highest personal and professional ethics and integrity, (ii) proven achievement and competence in the nominee’s field and the ability to exercise sound business judgment, (iii) skills and expertise that are complementary to those of the existing members of the Board, (iv) the ability to assist and support management and make significant contributions to the company’s success, and (v) an understanding of the fiduciary responsibilities that are required of a member of the Board and the commitment of time and energy necessary to diligently carry out those responsibilities.

Other than the foregoing, there are no stated minimum criteria for director nominees, although the nominating and governance committee may also consider other factors that it may deem, from time to time, in our and our stockholders’ best interests.

The nominating and governance committee may also take measures that it considers appropriate in connection with its evaluation of a director candidate, including candidate interviews, inquiry of the person or persons making the recommendation or nomination, engagement of an outside search firm to gather additional information, or reliance on the knowledge of the members of the nominating and governance committee, the Board of Directors, or management.

Although the Board of Directors does not maintain a specific policy with respect to board diversity, the Board of Directors believes that the board should be a diverse body, and the nominating and governance committee considers a broad range of backgrounds and experiences.

Although the Board does not maintain a specific policy with respect to board diversity, the Board believes that it should be a diverse body, and the nominating and governance committee considers a broad range of backgrounds and experiences.

In making determinations regarding nominations of directors, the nominating and governance committee may take into account the benefits of diverse viewpoints.

After completing its review and evaluation of director candidates, the nominating and governance committee recommends to the full Board of Directors the director nominees for election.

The nominating and governance committee also considers these and other factors as it oversees the annual Board of Director and committee evaluations.

The nominating and governance committee will consider candidates for nomination to the Board of Directors recommended by any stockholder holding at least one percent (1%) of the fully diluted capitalization of Interlink for at least twelve months prior to the date that the recommendation is submitted.

The committee will evaluate recommendations in accordance with its charter, our bylaws, our

policies and procedures for director candidates, as well as the nominee criteria described above.

This process is designed to ensure that the Board of Directors includes members with diverse backgrounds, skills and experience, including appropriate financial and other expertise relevant to our business.

After completing its review and evaluation of director candidates, the nominating and governance committee recommends to the full Board the director nominees for election.

The nominating and governance committee also considers these and other factors as it oversees the annual Board and committee evaluations.

The nominating and governance committee will consider candidates for nomination to the Board recommended by any stockholder holding at least one percent (1%) of the fully diluted capitalization of the company for at least twelve months prior to the date that the recommendation is submitted.

The committee will evaluate recommendations in accordance with its charter, our bylaws, our policies and procedures for director candidates, as well as the nominee criteria described above.

This process is designed to ensure that the Board includes members with diverse backgrounds, skills and experience, including appropriate financial and other expertise relevant to our business.

A stockholder wishing to recommend a candidate for nomination should contact our Secretary in writing, at the address indicated in the next paragraph.

The recommendation must include the candidate’s name, home and business contact information, detailed biographical data, relevant qualifications, a signed letter from the candidate confirming willingness to serve on our Board of Directors, information regarding any relationships between the candidate and Interlink and evidence of the recommending stockholder’s ownership of our common stock.

The recommendation must also include a statement from the recommending stockholder in support of the candidate, particularly within the context of the criteria for Board of Directors membership.

The recommendation must include the candidate’s name, home and business contact information, detailed biographical data, relevant qualifications, a signed letter from the candidate confirming willingness to serve on the Board, information regarding any relationships between the candidate and Interlink and evidence of the recommending stockholder’s ownership of our Common Stock.

The recommendation must also include a statement from the recommending stockholder in support of the candidate, particularly within the context of the criteria for Board membership.

Our nominating and governance committee has sole discretion to decide which individuals to recommend for nomination as directors.

A stockholder of record can nominate a candidate directly for election to the board by complying with the rules and regulations of the Securities and Exchange Commission.

A stockholder of record can nominate a candidate directly for election to the Board by complying with the rules and regulations of the SEC.

An eligible stockholder who wishes to submit a nomination should review the statutory requirements for nominations by stockholders.

2 unchanged sentences

Audit Committee

Our Board of Directors has established an audit committee, which is responsible for, among other things:

Our Board has established an audit committee, which is responsible for, among other things:

appointing, overseeing, and if need be, terminating any independent auditor;

8 unchanged sentences

and preparing the audit committee report that the SEC requires in our annual proxy statement.

Our audit committee consists of Ms.

Wolenski and Ms.

Hou, each of whom is a non-employee member of our Board of Directors, serve on our audit committee.

Our Board of Directors has determined that each of the members of the audit committee satisfies the requirements for independence and financial literacy under the rules and regulations of the SEC as well as those applicable to companies listed on The Nasdaq Stock Market.

Our Board of Directors also has determined that Ms.

Hou, each of whom is a non-employee member of our Board.

The Board has determined that each of the members of the audit committee satisfies the requirements for independence and financial literacy under the rules and regulations of the SEC as well as those applicable to companies listed on The Nasdaq Stock Market.

The Board also has determined that Ms.

Fregosi qualifies as an “audit committee financial expert,” as defined in the SEC rules, and satisfies the financial sophistication requirements of Nasdaq.

1 unchanged sentence

Processes and Procedures for Compensation Decisions

The compensation committee of our Board of Directors is responsible for the executive compensation programs for our executive officers and reports to the Board on its discussions, decisions and other actions.

The compensation committee of the Board is responsible for the executive compensation programs for our executive officers and reports to the Board on its discussions, decisions and other actions.

Typically, our chief executive officer makes recommendations to our compensation committee, often attends committee meetings and is involved in the determination of compensation for the executive officers that report to him, except that he does not make recommendations as to his own compensation.

8 unchanged sentences

As a “smaller reporting company,” as such term is defined in the rules promulgated under the Exchange Act, we are required to provide compensation disclosure for our principal executive officer and the two most highly compensated executive officers other than our principal executive officer.

During 2024, only two persons served as executive officers of Interlink.

During 2025, only two persons served as our executive officers.

Compensation (2)

2 unchanged sentences

Chief Financial Officer

(1) Consists of discretionary cash bonuses awarded by our compensation committee.

(2) Consists of the taxable cost of group term life insurance coverage, 401(k) employer matching contributions, and other miscellaneous compensation.

2 unchanged sentences

based on the approximate amount of time Mr.

Hoffman devotes to Interlink, Qualstar Corporation, and BKF Capital Group, Inc.

Hoffman devotes to each company.

The amounts presented in this table represent the net portion of his compensation charged to and incurred by Interlink.

20 unchanged sentences

Hoffman, our Chief Financial Officer, in November 2020.

The employment arrangement provides for an annual base salary, which currently is $252,350 (including compensation received from Qualstar Corporation and BKF Capital Group, Inc.), and a discretionary annual bonus.

The employment arrangement provides for an annual base salary, which currently is $252,350 (including compensation received from Qualstar Corporation), and a discretionary annual bonus.

Hoffman also serves as Chief Financial Officer for Qualstar Corporation and BKF Capital Group, Inc., a portion of his compensation is charged to Qualstar Corporation and BKF Capital Group, Inc.

based on the approximate amount of time Mr.

Hoffman devotes to Interlink, Qualstar Corporation, and BKF Capital Group, Inc.

Hoffman devotes to each company.

Hoffman’s employment arrangement provides for “at will” employment and may be terminated at any time by either party.

3 unchanged sentences

Pursuant to Nasdaq Rule 5635, companies listed on Nasdaq are required to adopt and disclose a policy for the recovery of incentive-based compensation in the event of a financial restatement due to material noncompliance with financial reporting requirements.

In compliance with Nasdaq rules, our Board of Directors has approved and adopted a compensation clawback policy (the “Compensation Recovery Policy”).

In compliance with Nasdaq rules, our Board has approved and adopted a compensation clawback policy (the “Compensation Recovery Policy”).

The policy is designed to enable us to recover incentive-based compensation, including bonuses, stock awards, and other incentive-based payments, from current and former executive officers in the event of a financial restatement resulting from material noncompliance with financial reporting requirements, as determined by the Board.

3 unchanged sentences

The policy reflects our commitment to maintaining integrity in our financial reporting and ensuring that executive compensation is tied to the achievement of long-term, sustainable performance goals.

Equity Award Grant Practices

With limited exceptions, we do not grant equity awards to our employees, and no equity awards were made to our executive officers during 2025.

We do award stock to our non-employee directors on July 15 of each year .

The Compensation Committee did not take material nonpublic information into account when determining the timing and terms of equity awards in 2025, and we do not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.

Pension Benefits and Nonqualified Deferred Compensation

We do not provide a pension plan for our employees, and none of our named executive officers participated in a nonqualified deferred compensation plan in 2024.

We do not provide a pension plan for our employees, and neither of our named executive officers participated in a nonqualified deferred compensation plan in 2025.

We maintain a tax-qualified retirement plan, or the 401(k) plan, that provides eligible employees with an opportunity to save for retirement on a tax-advantaged basis.

9 unchanged sentences

These amounts represent the grant-date fair value of the stock awards granted in fiscal year 2025 determined in accordance with ASC Topic 718.

These amounts may not correspond to the actual value eventually realized by the director, which depends in part on the market value of our common stock in future periods.

These amounts may not correspond to the actual value eventually realized by the director, which depends in part on the market value of our shares in future periods.

Assumptions used in calculating these amounts are set forth in the Notes to Consolidated Financial Statements included elsewhere in this Form 10-K.

1 unchanged sentence

Wolenski and Ms.

Fregosi received 1,282 shares of our common stock as partial payment of their annual compensation for service on our Board of Directors.

Fregosi received 685 shares of our Common Stock as partial payment of their annual compensation for service on our Board.

No director held stock options or restricted stock awards as of December 31, 2025.

Outside Director Compensation Policy

Our Board of Directors has adopted a policy for the compensation for our non-employee directors, or the Outside Directors.

The Board has adopted a policy for the compensation for our non-employee directors (the “Outside Directors”).

Outside Directors will receive compensation in the form of equity and cash, as described below:

1 unchanged sentence

Each person who first becomes an Outside Director will be granted Common Stock with a grant - date fair value equal to $5,000.

These awards will be granted on the date of the first meeting of our board of directors or compensation committee occurring on or after the date on which the individual first became an Outside Director.

These awards will be granted on the date of the first meeting of the Board or compensation committee occurring on or after the date on which the individual first became an Outside Director.

● Annual Equity Award .

Annually, on July 15, each Outside Director who has served on our Board of Directors for at least the preceding six months will be granted common stock with a grant-date fair value equal to $5,000.

Annually, on July 15, each Outside Director who has served on our Board for at least the preceding six months will be granted shares of Common Stock with a grant-date fair value equal to $5,000.

● Cash Compensation .

Each Outside Director receives an annual retainer of $10,000 in cash (the “Annual Fee”) for serving on our Board of Directors.

Each Outside Director receives an annual retainer of $10,000 in cash (the “Annual Fee”) for serving on our Board.

The Annual Fee is paid in quarterly installments to each Outside Director who has served in the relevant capacity for the immediately preceding fiscal quarter no later than 30 days following the end of such preceding fiscal quarter.

8 unchanged sentences

Except as indicated by the footnotes below, we believe, based on information furnished to us, that the persons and entities named in the table below have sole voting and sole investment power with respect to all shares of Common Stock that they beneficially owned, subject to applicable community property laws.

We have based percentage ownership of our common stock on 9,860,355 shares of our common stock outstanding as of December 31, 2024.

In computing the number of shares of common stock beneficially owned by a person and the percentage ownership of such person, we deemed to be outstanding all shares of common stock subject to options held by the person that are currently exercisable or exercisable within 60 days of December 31, 2024, as well as all shares of common stock issuable pursuant to restricted stock units held by the person that are subject to vesting conditions expected to occur within 60 days of December 31, 2024.

We have based percentage ownership of our Common Stock on 15,750,007 shares outstanding as of December 31, 2025.

In computing the number of shares beneficially owned by a person and the percentage ownership of such person, we deemed to be outstanding all shares of Common Stock subject to options held by the person that are exercisable on or within 60 days of December 31, 2025, as well as all shares issuable pursuant to restricted stock units held by the person that are subject to vesting conditions expected to occur within 60 days of December 31, 2025.

However, we did not deem such shares outstanding for the purpose of computing the percentage ownership of any other person.

9 unchanged sentences

Bronson is the managing member, (iii) 2,235,731 shares held by BKF Asset Holdings, Inc., (iv) 317,526 shares held separately by Mr.

Bronson’s former spouse, and (v) 19,672 shares of common stock held separately by Mr.

Bronson’s parents.

Bronson has voting and/or dispositive power over the shares held by his former spouse and his parents.

Bronson’s former spouse, (v) 29,508 shares held separately by Mr.

Bronson’s parents, and (vi) 10,000 shares held separately by Mr.

Bronson’s acquaintance.

Bronson has voting and/or dispositive power over the shares held by his former spouse, by his parents, and by his acquaintance.

BKF Asset Holdings, Inc.

is a wholly owned subsidiary of BKF Capital Group, Inc.

Bronson, Chairman, Chief Executive Officer and majority stockholder of BKF Capital Group, Inc., has voting and dispositive power with respect to these securities.

(2) Consists of (i) 13,056 shares of common stock held by Ms.

Hou jointly with her spouse and (ii) 7,125 shares of common stock held by Ms.

Hou’s minor child.

Bronson is the Chairman, Chief Executive Officer and majority stockholder of BKF Capital Group, Inc., and has voting and dispositive power with respect to these securities.

(2) Consists of (i) 20,612 shares held by Ms.

Hou jointly with her spouse and (ii) 10,687 shares held by Ms.

(3) BKF Asset Holdings, Inc.

is a wholly owned subsidiary of BKF Capital Group, Inc.

Bronson, Chairman, Chief Executive Officer and majority stockholder of BKF Capital Group, Inc., has voting and dispositive power with respect to these securities.

Bronson is the Chairman, Chief Executive Officer and majority stockholder of BKF Capital Group, Inc., and has voting and dispositive power with respect to these securities.

Securities Authorized for Issuance under Equity Compensation Plans

29 unchanged sentences

We have entered into the following cost sharing arrangements with Qualstar and BKF Capital:

Irvine, California Facility:

We have facilities agreements with both Qualstar and BKF Capital to allow each the use of a portion of the office leased by us in Irvine, California, and we have agreed to split substantially all rent and lease-related costs on an apportioned basis according to the approximate relative usage levels by each entity.

For the years ended December 31, 2024 and 2023, we billed Qualstar $19,000 and $37,000, respectively, for Qualstar’s use of our Irvine office facility.

For the years ended December 31, 2024 and 2023, we billed BKF Capital $4,000 and $5,000, respectively, for BKF Capital’s use of our Irvine office facility.

Bellevue, Washington Facility:

We have a facilities agreement with Qualstar to allow it the use of a portion of the office leased by us in Bellevue, Washington, and we have agreed to split substantially all rent and lease-related costs on an apportioned basis according to the approximate relative usage levels by each entity.

For the years ended December 31, 2024 and 2023, we billed Qualstar $17,000 and $0, respectively, for Qualstar’s use of our Bellevue office facility.

● Camarillo, California Facility:

1 unchanged sentence

For the years ended December 31, 2025 and 2024, we incurred $85,000 and $79,000, respectively, for our use of Qualstar’s Camarillo facility.

Los Angeles, California Facility:

Until the termination of the lease for such facility in August 2023, we had a facilities agreement with Qualstar to allow it the use of a portion of the office previously leased by us in Los Angeles, California, and we had agreed to split substantially all rent and lease-related costs on an apportioned basis according to the approximate relative usage levels by each entity.

For the year ended December 31, 2023, we billed Qualstar $9,000 for Qualstar’s use of our former Los Angeles office facility.

● Irvine, California Facility:

We entered into facilities agreements with both Qualstar and BKF Capital to allow each the use of a portion of the office previously leased by us in Irvine, California, under which we agreed to split substantially all rent and lease-related costs on an apportioned basis according to the approximate relative usage levels by each entity.

For the years ended December 31, 2025 and 2024, we billed Qualstar $21,000 and $19,000, respectively, for Qualstar’s use of our former Irvine office facility.

For the years ended December 31, 2025 and 2024, we billed BKF Capital $5,000 and $4,000, respectively, for BKF Capital’s use of our former Irvine office facility.

● Bellevue, Washington Facility:

We entered into a facilities agreement with Qualstar to allow it the use of a portion of the office previously leased by us in Bellevue, Washington, under which we agreed to split substantially all rent and lease-related costs on an apportioned basis according to the approximate relative usage levels by each entity.

For the years ended December 31, 2025 and 2024, we billed Qualstar $17,000 and $17,000, respectively, for Qualstar’s use of our former Bellevue office facility.

Consulting Agreements

We have entered into various consulting agreements with Qualstar and BKF Capital.

Pursuant to the consulting agreements, certain of the parties’ respective employees and independent contractors provide operational, sales, marketing, general and administrative services to the other entity.

We have entered into various consulting agreements with Qualstar and BKF Capital pursuant to which certain of the parties’ respective employees and independent contractors provide operational, sales, marketing, general and administrative services to the other entity.

Interlink provided such consulting services to Qualstar in the amounts of $288,000 and $335,000 for the years ended December 31, 2025 and 2024, respectively.

Interlink did not provided consulting services to BKF Capital for the years ended December 31, 2024 and 2023.

Interlink did not provide consulting services to BKF Capital for the years ended December 31, 2025 and 2024.

Qualstar provided such consulting services to Interlink in the amounts of $59,000 and $58,000 for the years ended December 31, 2025 and 2024, respectively.

1 unchanged sentence

M&A Advisory Consulting Agreement

Until the termination of the consulting agreement in April 2024, we had entered into a M&A advisory consulting services agreement with Bronson Financial LLC, a wholly owned subsidiary of BKF Capital, pursuant to which Bronson Financial LLC provided mergers and acquisitions advisory consulting services to Interlink for $10,000 per month.

For years ended December 31, 2024 and 2023, we incurred $40,000 and $120,000, respectively, for services rendered under this agreement.

Until its termination in April 2024, we were party to an M&A advisory consulting services agreement with Bronson Financial LLC, a wholly owned subsidiary of BKF Capital, pursuant to which Bronson Financial LLC provided M&A advisory consulting services to Interlink for $10,000 per month.

For the year ended December 31, 2024, we incurred $40,000 for services rendered under this agreement.

Expense Reimbursements

3 unchanged sentences

Qualstar incurred reimbursable expenses on behalf of us in the amounts of $43,000 and $21,000 for the years ended December 31, 2025 and 2024, respectively.

BKF Capital did not incur any reimbursable expenses on behalf of us in the years ended December 31, 2024 and 2023.

BKF Capital did not incur any reimbursable expenses on behalf of us in either of the years ended December 31, 2025 and 2024.

Indemnification Agreements

5 unchanged sentences

Under Nasdaq rules, a director will only qualify as an “independent director” if, in the opinion of that company’s board of directors, that person does not have a relationship that would interfere with the exercise of independent judgment in carrying out the responsibilities of a director.

Our Board of Directors has undertaken a review of the independence of each director and considered whether each director has a material relationship with us that could compromise or interfere with such director’s ability to exercise independent judgment in carrying out his or her responsibilities.

As a result of this review, our Board of Directors has determined that Ms.

Our Board has undertaken a review of the independence of each director and considered whether each director has a material relationship with us that could compromise or interfere with such director’s ability to exercise independent judgment in carrying out

his or her responsibilities.

As a result of this review, the Board has determined that Ms.

Wolenski are “independent directors” as defined under applicable Nasdaq rules and regulations.

Bronson is employed by Interlink, he does not qualify as independent.

In addition, our Board of Directors has established an audit committee, a compensation committee and a nominating and governance committee.

Wolenski, each of whom is a non-employee member of our Board of Directors, serve on these board committees.

Our Board of Directors has determined that each of Ms.

In addition, the Board has established an audit committee, a compensation committee and a nominating and governance committee.

Wolenski, each of whom is a non-employee member of the Board, serve on these board committees.

The Board has determined that each of Ms.

Wolenski satisfies the requirements for independence and, in the case of the audit committee, financial literacy for service on the audit committee, compensation committee and nominating and governance committee under applicable Nasdaq rules.

29 unchanged sentences

(1) “Audit Fees” consist of fees for professional services rendered in connection with the audit of our annual consolidated financial statements, review of our quarterly financial statements presented in our quarterly reports on Form 10-Q, and services that are normally provided by our independent registered public accounting firm in connection with statutory and regulatory filings or engagements for the fiscal year.

(2) “Audit-Related Fees” consist of fees incurred for professional services that are reasonably related to the performance of the audit or review of the company’s financial statements.

(2) “Audit-Related Fees” consist of fees incurred for professional services that are reasonably related to the performance of the audit or review of our financial statements.

(3) “Tax Fees” consist of fees incurred for professional services rendered in connection with tax audits, tax compliance, and tax consulting and planning.

1 unchanged sentence

EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

We have filed the following documents as part of this Annual Report on Form 10-K:

We have filed the following documents as part of this Form 10-K:

Consolidated Financial Statements

Our consolidated financial statements are listed in the “Index to Consolidated Financial Statements” under Part II, Item 8 of this Annual Report on Form 10-K.

Our consolidated financial statements are listed in the “Index to Consolidated Financial Statements” under Part II, Item 8 of this Form 10-K.

Financial Statement Schedules

All schedules have been omitted because they are not required, not applicable, not present in amounts sufficient to require submission of the schedule, or the required information is otherwise included in our consolidated financial statements and related notes.

The following exhibits are filed as part of this Annual Report on Form 10-K.

The following exhibits are filed as part of this Form 10-K.

Incorporated by Reference

25 unchanged sentences

Insider Trading Policy

March 27, 2025

List of Subsidiaries

15 unchanged sentences

Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

Each a management contract or compensatory plan or arrangement required to be filed as an exhibit to this annual report on Form 10-K.

The information in this exhibit is furnished and deemed not filed with the Securities and Exchange Commission for purposes of section 18 of the Exchange Act of 1934, as amended, and is not to be incorporated by reference into any filing of Interlink Electronics, Inc.

under the Securities Act of 1933, as amended, or the Exchange Act of 1934, as amended, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Each a management contract or compensatory plan or arrangement required to be filed as an exhibit to this Form 10-K.

The information in this exhibit is furnished and deemed not filed with the SEC for purposes of section 18 of the Exchange Act and is not to be incorporated by reference into any filing of Interlink Electronics, Inc.

under the Securities Act or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

ITEM 16 – FORM 10-K SUMMARY

7 unchanged sentences

Bronson and Ryan J.

Hoffman, and each of them, as his true and lawful attorneys-in-fact and agents, with full power of substitution for him, and in his name in any and all capacities, to sign any and all amendments to this Annual Report on Form 10-K, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and any of them or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Hoffman, and each of them, as his true and lawful attorneys-in-fact and agents, with full power of substitution for him, and in his name in any and all capacities, to sign any and all amendments to this Form 10-K, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and any of them or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

9 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 9A. Controls and Procedures