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

Company: BT Brands, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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.2 Depreciation and amortization  144,725   3.8   171,351   4.2 General and administrative  531,057   14.1   454,805   11.1 Total costs and expenses  3,854,811   102.0   4,299,182   104.6 Loss from operations  (75,121 )  (2.0 )  (188,543 )  (4.6 )UNREALIZED GAIN ON MARKETABLE SECURITIES  82,128   2.2   118,184   2.9 REALIZED INVESTMENT GAIN  79,026   2.1   29,562   .7 INTEREST EXPENSE  (19,550 )  (.5 )  (22,551 )  (0.5 )INTEREST AND DIVIDEND INCOME  40,367   1.1   61,896   1.5 OTHER INCOME  18,586   .5   -   - EQUITY IN AFFILIATE LOSS  (70,405 )  (1.9 )  (81,000 )  (2.0 )INCOME TAX BENEFIT  -   -   12,500   .3 NET INCOME (LOSS) $55,031   1.5% $(69,952 )  (1.7 )%

Overview of Results

For the thirteen weeks ending June 29, 2025, net sales were $3.78 million, a decrease of $330,949 or 8.1% compared to $4.11 million for the same period in 2024. The decline reflects the closing of the Village Bier Garten and the Ham Lake Burger Time location in the first quarter of 2025. Total costs and expenses decreased to $3.85 million from $4.30 million in the prior year. The operating result improved from a loss of $188,543 in the previous year to a loss of $75,121. After nonoperating items, including investment gains, interest, and equity losses, the Company recorded net income of $55,031, a significant improvement compared to a net loss of $69,952 in the