Company: BTBDW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001477932-25-003689
Chunk: 30

Company: BT Brands, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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CONDENSED CONSOLIDATED BALANCE SHEETS 

  (Unaudited)      March 30,2025  December 29, 2024 ASSETS      CURRENT ASSETS      Cash and cash equivalents $1,070,101  $1,951,415 Marketable securities  2,748,409   2,319,555 Receivables  35,431   69,459 Inventory  238,247   272,603 Prepaid expenses and other current assets  107,485   127,621 Assets held for sale  258,751   258,751 Total current assets  4,458,423   4,999,404          PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET  3,281,326   3,343,340 OPERATING LEASES RIGHT-OF-USE ASSETS  1,428,155   1,724,052 EQUITY INVESTMENT IN UNCONSOLIDATED SUBSIDIARY  170,139   304,439 INVESTMENT IN EQUITY AND NOTES RECEIVABLE FROM RELATED COMPANY  484,000   424,000 GOODWILL  796,220   796,220 INTANGIBLE ASSETS, NET  348,174   367,799 OTHER ASSETS, NET  37,543   37,543 Total assets          $11,003,980  $11,996,797 LIABILITIES AND SHAREHOLDERS' EQUITY        CURRENT LIABILITIES        Accounts payable $280,262  $612,059 Current maturities of long-term debt  156,575   185,009 Current operating lease obligations  182,436   274,511 Accrued expenses  349,056   371,356 Total current liabilities  968,329   1,442,935          LONG-TERM DEBT, LESS CURRENT PORTION  2,074,249   2,091,335 NONCURRENT OPERATING LEASE OBLIGATIONS  1,295,024   1,497,300 Total liabilities  4,337,602   5,031,570