Company: BTBDW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002248
Chunk: 542

Company: BT Brands, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 542
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 management will be granted 250,000 shares of common stock as an award upon our share price reaching $8.50 per share for twenty consecutive trading days. The total estimated grant date fair value of the award was determined using a lattice model with assumptions similar to the stock option calculation. The total of this award was determined to be $265,000. For 2024, stock-based compensation included approximately $126,000 in expenses for the award. We project the remainder of approximately $36,000 of stock-based compensation will be recognized in 2025 We utilize the Black-Scholes option pricing model at the date of grant when determining the compensation cost associated with stock options issued using the following significant assumptions:  ·Stock price – Published trading market values of our common stock as of the grant date; ·Exercise price – The stated exercise price of the stock option; ·Expected life – The simplified method; ·Expected dividend – The rate of dividends expected to be paid over the term of the stock option; ·Volatility – Estimated volatility; ·Risk-free interest rate – The daily US Treasury yield corresponding to the expected life of the award. Information regarding our stock options, including consultant warrants, is summarized below:   Number of Options  Weighted AverageExercise Price  Weighted Average Remaining Term (In Years)  Aggregate Intrinsic Value Options outstanding at January 1, 2023  220,250  $2.74   9.0  $- Granted  100,000   2.50   6.2   - Exercised  -   -   -   - Canceled, forfeited, or expired  (1,000)  2.58   -   - Options outstanding at December 31, 2023  319,250  $2.62   7.6  $- Options exercisable at December 31, 2023  106,702   2.85   8.3  $- Options outstanding at December 31, 2023  319,250  $2.62   7.6  $- Granted  20,000   1.64   9.3   - Exercised  -   -   -   - Canceled, forfeited, or expired