Company: BTBDW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001477932-25-006037
Chunk: 16

Company: BT Brands, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 vesting on each of the following four anniversary dates.   We utilize the Black-Scholes option pricing model when determining the compensation cost associated with stock options issued using the following significant assumptions:  ·Stock price – Published trading market values of the Company’s 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 United States Treasury yield curve rate corresponding to the expected life of the award

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 Information regarding our stock options is summarized below:  26-Week period ended June 29, 2025- Number of Options  Weighted AverageExercisePrice  Weighted Average Remaining Term (In Years)  AggregateIntrinsicValue Options outstanding at December 29, 2024  339,250  $2.53   7.4  $0 Granted  0   0       0 Exercised  0   0       0 Cancelled, forfeited, or expired  (15,000 )  2.50   6.9   0 Options outstanding at June 29, 2025  324,250  $2.56   6.3  $0 Options exercisable at June 29, 2025  220,408  $2.60   6.9  $0  26-Week period ended June 30, 2024- Numberof Options  Weighted AverageExercisePrice  Weighted Average Remaining Term (In Years)  AggregateIntrinsicValue Options outstanding at December 31, 2023  319,250  $2.62   7.8  $0 Granted  15,000   1.61       0 Exercised  0   0       0 Canceled, forfeited, or expired  0   0       0 Options outstanding at June 30, 2024  334,250  $2.57   7.4  $0 Options exercisable at June 30, 2024  109