Company: BTBDW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002248
Chunk: 526

Company: BT Brands, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 526
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,659 Total assets 3,166,578   4,765,501          Total current liabilities 711,014  640,092 Total noncurrent liabilities  1,408,091   2,030,286 Total liabilities  2,119,105   2,670,378 Stockholders’ equity  1,047,473   2,095,123 Total liabilities and stockholders’ equity $3,166,578  $4,765,501  Statements of Operations information - December 29,2024  December 31,2023 Revenue $7,176,536  $7,964,854 Depreciation and amortization  (527,274 )  (656,067)Other costs and expenses  (7,696,912 )  (8,161,248)Net loss $(1,047,650 ) $(852,461) Fair Value Measurements The following is a summary of the fair value of Level 1 investments. As required, fair values have been determined by reference to quoted market prices in active markets as of the year-end indicated:   December 29, 2024  December 31, 2023   Fair value Carrying Amount  Level 1  Fair value Carrying Amount  Level 1 Corporate bond fund $-  $-  $178,500  $178,500 Common stocks  2,129,986   2,129,986   1,213,560   1,213,560 Real estate investment trust  189,569   189,569   -   - Total $2,319,555  $2,319,555  $1,392,060  $1,392,060  Cash and Cash Equivalents  Cash and cash equivalents may include United States Treasury Bills with a maturity at the time of purchase of three months or less. Our bank deposits often exceed the amounts insured by the Federal Deposit Insurance Corporation. In addition, we maintain cash deposits in brokerage accounts, including money funds in excess of the amounts covered by insurance. We do not believe there is a significant risk related to cash. Broker Margin Loan At December 31, 2023, we had a broker margin loan outstanding of $115