Company: BTBDW
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001477932-25-008407
Chunk: 12

Company: BT Brands, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 2 inputs are inputs other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the entire term of the asset or liability. ·Level 3 inputs are unobservable inputs for the asset or liability. The carrying values of cash equivalents, receivables, accounts payable, and other financial working capital items approximate fair value due to their short maturity. The following is a summary of the fair value of Level 1 investments.    September 28, 2025  December 29, 2024   Fair valueCarryingAmount  Level 1  Level 3  Fair valueCarryingAmount  Level 1  Level 3 Common stocks $3,361,242  $3,361,242  $-  $2,129,986  $2,129,986  $- Convertible preferred  100,600   100,600                 Real Estate Investment Trust  -   -   -   189,569   189,569   -    3,461,842   3,461,842   -   2,319,555   2,319,555   - Demand and convertible notes receivable from related party (Note 9)  744,858   -   744,858   120,000   -   120,000 Total $4,206,700  $3,461,842  $744,858  $2,439,555  $2,319,555  $120,000  Receivables Receivables consist of estimated rebates due from primary vendors. Inventory Inventory consists of food, beverages, and supplies. It is stated at the lower cost or market (first-in, first-out method) or net realizable value. Inventory includes $339,510 of Disney-licensed water in refillable cans related to the Company’s investment in NGI, we expect to liquidate this inventory over the next six months as noted in Note 9 to the Consolidated Condensed Financial Statements for additional information related to NGI. Property and Equipment Property and equipment are stated at cost. Depreciation is computed using the straight-line method over their estimated useful lives, which range from three to thirty years.