Company: BTBDW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002248
Chunk: 314

Company: BT Brands, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 314
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 securities  1,419,310   5,237,835 Net cash provided (used by) investing activities  (2,184,677)  4,713,044 CASH FLOWS FROM FINANCING ACTIVITIES        Repayment of broker margin loan  (115,899)  (675,471)Principal payment on long-term debt  (182,156)  (378,393)Purchase of treasury shares  (142,794)  (250,525)Net cash used in financing activities  (440,849)  (1,304,389)         CHANGE IN CASH AND CASH EQUIVALENTS  (3,349,031)  3,149,868          CASH AND CASH EQUIVALVENTS, BEGINNING OF PERIOD  5,300,446   2,150,578          CASH AND CASH EQUIVALENTS, END OF PERIOD $1,951,415  $5,300,446          SUPPLEMENTAL DISCLOSURES         Cash paid for interest $93,696  $85,923 Purchase of property and equipment included in accounts payable $15,109  $- 

See Notes to Consolidated Financial Statements

 F-5Table of Contents

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization  BT Brands, Inc. (“BT Brands,” “we,” “us,” “our” or the “Company”) was incorporated as Hartmax of NY Inc. on January 19, 2016. Effective July 30, 2018, we acquired 100% of the ownership of BTND, LLC (“BTND”) in exchange for common stock through a Share Exchange Agreement (the “Share Exchange”). In 2020, BT Brands, Inc. was reincorporated in the State of Wyoming. Business As of December 29, 2024, the Company owned and operated twelve restaurants and owned a 39.6%, as of year-end, interest in an operator of six restaurants. During 2024, we owned and operated eight Burger Time restaurants in the North Central region of the United States. In February 2024, we closed a leased location in Sioux Falls, South Dakota. The net book value of the closed location was approximately $69