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

Company: BT Brands, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 considers various factors in assessing potential credit losses, such as the severity and duration of the impairment, the issuer's financial condition, and whether it has the intent to sell the security or it is more likely than not that it will be required to sell the security before its anticipated recovery.  Fair Value of Financial Instruments Our accounting for fair value measurements of assets and liabilities is that they are recognized or disclosed at fair value in the statements on a recurring or nonrecurring basis, and adhere to the Financial Accounting Standards Board (FASB) fair value hierarchy that prioritizes the input to valuation techniques used to measure fair value.  The hierarchy prioritizes unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). 

 10Table of Contents

The three levels of the fair value hierarchy are as follows:  ·Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that we can access at the measurement date. ·Level 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  investments.    June 29, 2025  December 29, 2024   Fair valueCarryingAmount  Level 1  Level 3  Fair valueCarryingAmount  Level 1  Level 3 Common stocks $2,754,784   2,754,784   -  $2,129,986  $2,129,986   - Real Estate Investment Trust  215,500   215,500   -   189,569   189,569   - Convertible demand note receivable from related party (Note 9)  333,136    -   333,136    120,000   -   120,000  Total $3,303,420   2,970,284   333,136   $2,439,