Company: BTBDW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002248
Chunk: 30

Company: BT Brands, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 30
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 cybersecurity program, ensuring continuous evolution and improvement.

 22Table of Contents

Overseeing the assessment and management of our exposure to various risks, including cybersecurity, is a key oversight responsibility for the Board of Directors. These risks are identified, measured, monitored, and managed across key risk categories, which include the consideration of cybersecurity risks. Our chief financial officer (CFO) facilitates the Company’s oversight, which includes an assessment of our risk environment at least once per year. The review incorporates risk assessment and evaluation. The Audit Committee assists the Board with its oversight of cybersecurity risk. Our CFO reviews the oversight program with the Audit Committee, including reviewing existing risks and significant emerging risks across the Company’s key risk categories. In reviewing specific threats and risks with the Board, senior management may incorporate reports from consultants and other third-party advisors.

To date, we have not experienced a cybersecurity threat or incident; therefore, there has been no cybersecurity impact on our results of operations or financial condition. However, unauthorized access to our information and systems and other disruptions to our business operations could occur in the future.

Item 2. Properties.

Corporate Offices

Our principal office is in leased office space in Minnetonka, Minnesota, and is rented on a month-to-month basis for $1,300 per month.

Burger Time Properties

The table below provides basic information about each of our Burger Time restaurants.

Location Open Since Building(Approx. Sq. Ft.)  Land(Sq. Ft.)  Real EstateOwner Restaurant Business Owner Fargo, North Dakota 1987  600   35,000  BTND, LLC BTND, LLC Moorhead, Minnesota 1988  600   22,680  BTND, LLC BTND, LLC Grand Forks, North Dakota 1989  650   29,580  BTND, LLC BTND, LLC Waite Park, Minnesota 1989  700   17,575  BTND, LLC BTND, LLC Bismarck, North Dakota 1989  600   30,750  BTND, LLC BTND, LLC Sioux Falls, South Dakota 1991  650   17,688  BTND, LLC BTND, LLC Minot, North Dakota 1992  800   33,600  BTND, LLC BTND, LLC Ham Lake,