Company: BTBDW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001477932-25-006037
Chunk: 0

Company: BT Brands, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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BT BRANDS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

  (Unaudited)     June 29, 2025  December 29, 2024 ASSETS      CURRENT ASSETS      Cash and cash equivalents $560,068  $1,951,415 Marketable securities  2,970,284   2,319,555 Receivables  33,193   69,459 Demand notes receivable from related company  692,357   120,000 Inventory  539,475   272,603 Prepaid expenses and other current assets  74,746   127,621 Assets held for sale  682,894   258,751 Total current assets  5,553,017   5,119,404          PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET  2,728,924   3,343,340 OPERATING LEASES RIGHT-OF-USE ASSETS  1,383,235   1,724,052 EQUITY INVESTMENT IN UNCONSOLIDATED SUBSIDIARY  99,734   304,439 EQUITY INVESTMENT IN RELATED COMPANY  304,000   304,000 GOODWILL  796,220   796,220 INTANGIBLE ASSETS, NET  331,708   367,799 OTHER ASSETS, NET  19,433   37,543          Total assets $11,216,271  $11,996,797 LIABILITIES AND SHAREHOLDERS' EQUITY        CURRENT LIABILITIES        Accounts payable $434,375  $612,059 Current maturities of long-term debt  191,435   185,009 Current operating lease obligations  186,607   274,511 Accrued expenses  377,034   371,356 Total current liabilities  1,189,451   1,442,935          LONG-TERM DEBT, LESS CURRENT PORTION  1,992,334   2,091,335 NONCURRENT OPERATING LEASE OBLIGATIONS  1,250,342