Company: BTBDW
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001477932-25-008407
Chunk: 16

Company: BT Brands, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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7, and $23,000 per year through 2036 and approximately $5,600 in 2037. The total amortization expense was $12,371 and $48,462, respectively, for the 13-week and 39-week periods in 2025. The amortization expense was $19,625 and $83,567, respectively, for the 13-week and 39-week periods in 2024.

NOTE 3 – PROPERTY AND EQUIPMENT Property and equipment consisted of the following:    September 28,2025    December 29, 2024 Land $366,285  $435,239 Equipment  3,901,284   4,149,525 Buildings and leasehold improvements  2,397,506   2,915,784 Total property and equipment  6,665,075   7,500,548 Accumulated depreciation  (3,601,995 )  (3,575,663 )Net  3,063,080   3,924,885 Less – property held for sale  (424,123 )  (258,751 )Less – impairment charge  -   (322,794 )Net property and equipment $2,638,957  $3,343,340  Depreciation expense for the 39-week periods in 2025 and 2024 was $403,668 and $389,483, respectively. For the 13-week periods in 2025 and 2024, the depreciation expense was $138,639 and $121,902, respectively.

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NOTE 4 - ACCRUED EXPENSES  Accrued expenses consisted of the following at:    September 28,2025  December 29, 2024 Accrued real estate taxes $35,586  $46,401 Accrued payroll  142,149   177,275 Accrued payroll taxes  2,305   6,851 Accrued sales taxes payable  58,921   57,706 Accrued vacation pay  2,423   17,663 Accrued gift card liability  26,469   38,425 Other accrued expenses  16,911   27,035   $284,