Company: BTBDW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002248
Chunk: 451

Company: BT Brands, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 451
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 operating lease obligations  274,511   215,326 Accrued expenses  371,356   480,289 Total current liabilities  1,442,935   1,550,090          LONG-TERM DEBT, LESS CURRENT PORTION  2,091,335   2,269,771 NONCURRENT OPERATING LEASE OBLIGATIONS  1,497,300   1,600,622 Total liabilities  5,031,570   5,420,483          COMMITMENTS AND CONTINGENCIES                 SHAREHOLDERS' EQUITY         Preferred stock, $0.001 par value, 2,000,000 shares authorized, no shares outstanding at December 29, 2024 and December 31, 2023  -   - Common stock, $0.002 par value, 50,000,000 authorized, 6,461,724 issued and 6,154,724 outstanding at December 29, 2024 and 6,246,118 outstanding at December 31, 2023  12,309   12,492 Less cost of 306,394 and 215,000 common shares held in Treasury at December 29, 2024 and December 31, 2023, respectively  (499,718)  (357,107)Additional paid-in capital  11,813,735   11,583,235 Accumulated deficit $(4,361,099)  (2,049,891)         Total shareholders' equity  6,965,227   9,188,729          Total liabilities and shareholders' equity $11,996,797  $14,609,212 

See Notes to Consolidated Financial Statements

 F-2 

BT BRANDS, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS   52 Weeks Ended  52 Weeks Ended,   December 29, 2024  December 29, 2023 SALES $14,823,472  $14,076,653          COSTS AND EXPENSES        Restaurant operating expenses        Food and paper costs  5,605,579   5,597,167 Labor costs  6,128