Company: BTBDW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002248
Chunk: 643

Company: BT Brands, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 643
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718,806 INVESTMENT IN EQUITY AND NOTES RECEIVABLE FROM RELATED COMPANY  424,000   304,000 DEFERRED INCOME TAXES  -   206,000 GOODWILL  796,220   671,220 INTANGIBLE ASSETS, NET  367,799   395,113 OTHER ASSETS, NET  37,543   49,202 Total assets          $11,996,797  $14,609,212 LIABILITIES AND SHAREHOLDERS' EQUITY        CURRENT LIABILITIES        Accounts payable $612,059  $555,247 Broker margin loan  -   115,899 Current maturities of long-term debt  185,009   183,329 Current operating lease obligations  274,511   215,326 Accrued expenses  371,356   480,289 Total current liabilities  1,442,935   1,550,090          LONG-TERM DEBT, LESS CURRENT PORTION  2,091,335   2,269,771 NONCURRENT OPERATING LEASE OBLIGATIONS  1,497,300   1,600,622 Total liabilities  5,031,570   5,420,483          COMMITMENTS AND CONTINGENCIES                 SHAREHOLDERS' EQUITY         Preferred stock, $0.001 par value, 2,000,000 shares authorized, no shares outstanding at December 29, 2024 and December 31, 2023  -   - Common stock, $0.002 par value, 50,000,000 authorized, 6,461,724 issued and 6,154,724 outstanding at December 29, 2024 and 6,246,118 outstanding at December 31, 2023  12,309   12,492 Less cost of 306,394 and 215,000 common shares held in Treasury at December 29, 2024 and December 31, 2023, respectively  (499,718)  (357,107)Additional paid-in capital  11,813,735   11,583,235 Accumulated deficit $(4,361,