Company: BTBDW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001477932-25-003689
Chunk: 33

Company: BT Brands, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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        Shares  Amount  Paid-in Capital  (Deficit)  Stock  Total Balances, December 31, 2023  6,246,118  $12,492  $11,583,235  $(2,049,891) $(357,107) $9,188,729 Stock-based compensation  -       54,000   -   -   54,000 Net loss  -   -   -   (445,700)  -   (445,700)Balances, March 31, 2024  6,246,118  $12,492  $11,637,235  $(2,495,591) $(357,107) $8,797,029 

See Notes to Condensed Consolidated Financial Statements 

 Page 7 of 24Table of Contents

BT BRANDS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

 (Unaudited)

  13 Weeks ended,   March 30,2025  March 31,2024 CASH FLOWS FROM OPERATING ACTIVITIES      Net Loss $(329,849) $(445,700)Adjustments to reconcile net loss to net cash used in operating activities-        Depreciation and amortization  156,395   160,542 Amortization of debt issuance costs included in interest expense  1,350   1,350 Deferred taxes  -   (117,500)Stock-based compensation  31,000   54,000 Unrealized (gain) loss on marketable securities  44,024   (114,763)Realized investment (gain)  (95,038)  (1,487)Loss on equity method investment  134,300   94,500 Non-cash operating lease expense  1,547   6,298 Changes in operating assets and liabilities, net of acquisitions -        Receivables  34,028   15,474 Inventory  34,356   (24,885)Prepaid expenses and other current assets  20,136   (30,578)Accounts payable