Company: BTBDW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002248
Chunk: 577

Company: BT Brands, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 577
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0   598,540   4.3 Impairment of assets  371,872   2.5   —     General and administrative  1,691,404   11.4   1,650,755   11.7 Gain on sale of asset  (250,000 )  (1.7 )  (310,182 )  (2.2 )Total costs and expenses  16,655,780   112.3   15,149,242   107.6 Loss from operations  (1,832,308 )  (12.3 )  (1,072,589 )  (7.6 )UNREALIZED GAIN (LOSS) ON MARKETABLE SECURITIES  (93,458 )  (.6 )  80,139   .6 REALIZED GAIN ON MARKETABLE SECURITIES  143,340   1.0   23,058   .2 INTEREST EXPENSE  (99,906 )  (.7 )  (97,608 )  (.7 )INTEREST AND DIVIDEND INCOME  178,279   1.2   300,923   2.1 OTHER INCOME  13,930   .1   80,790   (.6 )EQUITY IN LOSS OF AFFILIATE  (415,085 )  (2.8 )  (347,081 )  (2.5 )INCOME TAX (EXPENSE) BENEFIT  (206,000 )  (1.4 )  145,000   1.0 NET LOSS $(2,311,208 )  (15.5 )% $(887,368 )  (6.3 )%

 27Table of Contents

Net Revenues:

Net sales for 2024 increased $746,819, or 5.3%, to $14,823,472 from $14,076,653 in 2023. Schnitzel Haus, acquired in May 2024, contributed $710,000 in sales to the overall increase in revenue. Also contributing to the overall sales increase was an increase of approximately 7% at BTND locations, offsetting the effects of closing a location in Sioux Falls