Company: BTBDW
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001477932-25-008407
Chunk: 14

Company: BT Brands, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 14
---
 to support the realization of deferred tax assets, all or a portion of the valuation allowance may be reversed. As of December 28, 2024, The Company had approximately $3.1 million of federal operating tax loss carryforwards. The Company tax results will be more accurately determined based on its annual results. For the 39 weeks ending September 28, 2025, the Company reduced estimated that there was no significant impact on its NOL carryforwards.   The Company has no accrued interest or penalties relating to income tax obligations. There are currently no federal or state examinations in progress. The Company has not had any federal or state tax examinations since its inception. All periods since inception remain open for inspection. Per Common Share Amounts Basic net income (loss) per common share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of common shares outstanding and potentially dilutive common shares during the period. Potentially dilutive common shares consist of stock options, warrants, and other common stock equivalents using the treasury stock method. Common stock equivalents are excluded from the computation of diluted net income (loss) per share if their effect would be anti-dilutive. The following table presents the computations of basic and diluted net income (loss) per common share for the 13 weeks and 39 weeks ended September 28, 2025 and September 29, 2024: 13 Weeks Ended  39 Weeks Ended   September 28, 2025  September 29, 2024  September 28, 2025  September 29, 2024 Net income (loss) $640,157  $(735,132) $914,976  $(219,479)Net income (loss) per common share – Basic $0.10  $(0.12) $0.15  $(0.04)Net income (loss) per common share – Diluted $0.10  $(0.12) $0.15  $(0.04)Weighted average shares outstanding – Basic  6,154,724   6,221,154   6,154,724   6,181,952 Weight