Company: BTBDW
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001477932-25-008407
Chunk: 0

Company: BT Brands, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 0
---
BT BRANDS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

  (Unaudited)September 28, 2025  December 29, 2024 ASSETS      CURRENT ASSETS      Cash and cash equivalents $1,277,738  $1,951,415 Marketable securities  3,461,842   2,319,555 Receivables  50,830   69,459 Demand notes receivable from related company  744,858   120,000 Inventory  563,640   272,603 Prepaid expenses and other current assets  110,210   127,621 Assets held for sale  424,123   258,751 Total current assets  6,633,241   5,119,404          PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET  2,638,957   3,343,340 OPERATING LEASES RIGHT-OF-USE ASSETS  1,529,657   1,724,052 EQUITY INVESTMENT IN UNCONSOLIDATED SUBSIDIARY  -   304,439 EQUITY INVESTMENT IN RELATED COMPANY  -   304,000 GOODWILL  796,220   796,220 INTANGIBLE ASSETS, NET  319,337   367,799 OTHER ASSETS, NET  21,142   37,543          Total assets $11,938,554  $11,996,797          LIABILITIES AND SHAREHOLDERS' EQUITY        CURRENT LIABILITIES        Accounts payable $185,365  $612,059 Current maturities of long-term debt  203,651   185,009 Current operating lease obligations  301,118   274,511 Accrued expenses  284,764   371,356 Total current liabilities  974,898   1,442,935          LONG-TERM DEBT, LESS CURRENT PORTION  1,930,029   2,091,335 NONCURRENT OPERATING LEASE OBLIGATIONS  1,309,174   1,497