Company: BTBDW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001477932-25-006037
Chunk: 6

Company: BT Brands, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 6
---
(282,384)         CHANGE IN CASH AND CASH EQUIVALENTS  (1,391,347)  (1,565,137)CASH and CASH EQUIVALENTS, BEGINNING OF PERIOD  1,951,415   5,300,446          CASH AND CASH EQUIVALENTS, END OF PERIOD $560,068  $3,735,309 SUPPLEMENTAL DISCLOSURES        Cash paid for interest $46,069  $47,339 

See Notes to Condensed Consolidated Financial Statements

 8Table of Contents

BT BRANDS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of BT Brands, Inc. and its subsidiaries (the “Company,” “we,” “our,” “us,” “BT Brands,” or “BT”) and have been prepared in accordance with the US generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Securities and Exchange Commission (“SEC”) requirements for Form 10-Q and Article 10 of Regulation S-X. All intercompany accounts and transactions have been eliminated in consolidation. The consolidated financial statements have been prepared on a basis consistent in all material respects with the accounting policies for the fiscal year ending December 29, 2024. In our opinion, all regular and recurring adjustments necessary for a fair presentation of our financial position and results of operation have been included. Operating results for interim periods are not necessarily indicative of the results that may be expected for a full fiscal year. The accompanying Condensed Consolidated Balance Sheet as of June 29, 2025, does not include all the disclosures required by GAAP. These interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements as of December 29, 2024, and the related notes included in our Form 10-K for the fiscal year ending December 29, 2024. Reclassifications Certain reclassifications have been made to prior year amounts to conform to current period presentations. These changes have had no impact on the Company’s total assets, liabilities, stockholders’ equity or net loss. Use of Estimates The preparation of condensed consolidated financial statements in conformity with