Company: BTBDW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002248
Chunk: 167

Company: BT Brands, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 167
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ulated deficit $(4,361,099)  (2,049,891)         Total shareholders' equity  6,965,227   9,188,729          Total liabilities and shareholders' equity $11,996,797  $14,609,212 

See Notes to Consolidated Financial Statements

 F-2 

BT BRANDS, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS   52 Weeks Ended  52 Weeks Ended,   December 29, 2024  December 29, 2023 SALES $14,823,472  $14,076,653          COSTS AND EXPENSES        Restaurant operating expenses        Food and paper costs  5,605,579   5,597,167 Labor costs  6,128,574   5,458,351 Occupancy costs  1,403,204   1,312,717 Other operating expenses  962,287   841,894 Depreciation and amortization expenses  742,860   598,540 Restaurant asset impairment charge  371,872   - General and administrative expenses  1,691,404   1,650,755 Gain on sale of assets  (250,000)  (310,182)Total costs and expenses  16,655,780   15,149,242 Loss from operations  (1,832,308)  (1,072,589)         UNREALIZED GAIN (LOSS) ON MARKETABLE SECURITIES  (93,458)  80,139 REALIZED GAIN ON MARKETABLE SECURITIES  143,340   23,058 INTEREST AND DIVIDEND INCOME  178,279   300,923 INTEREST EXPENSE  (99,906)  (97,608)OTHER INCOME  13,930   80,790 EQUITY IN NET LOSS OF AFFILIATE  (415,085)  (347,081)LOSS BEFORE TAXES  (2,105,208)  (1,032,368)INCOME TAX BENEFIT (EXPENSE)  (206,000)  145,000