Company: BTBDW
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001477932-25-008407
Chunk: 19

Company: BT Brands, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 19
---
 following significant assumptions:  ·Stock price – Published trading market values of the Company’s common stock as of the grant date. ·Exercise price – The stated exercise price of the stock option. ·Expected life – The simplified method ·Expected dividend – The rate of dividends expected to be paid over the term of the stock option. ·Volatility – Estimated volatility of 66.99% in the current quarter ·Risk-free interest rate – The daily United States Treasury yield curve rate corresponding to the expected life of the award, 4.32% in the current quarter

 16Table of Contents

 Information regarding our stock options, including consultant warrants, is summarized below:  39-week period ended September 28, 2025- Number of Options  Weighted AverageExercisePrice Weighted Average Remaining Term (In Years)  AggregateIntrinsicValue Options outstanding at December 29, 2024  339,250  $2.53  7.3  $0 Granted  62,500   1.50  6.8   0 Exercised  0   0      0 Cancelled, forfeited, or expired  (20,000 )  2.50      0 Options outstanding at September 28, 2025  381,750  $2.39  6.1  $29,150 Options exercisable at September 28, 2025  251,889  $2.47  5.8  $15,270  39-week period ended September 29, 2024- Numberof Options  Weighted AverageExercisePrice Weighted Average Remaining Term (In Years)  AggregateIntrinsicValue Options outstanding at December 31, 2023  319,550  $2.62  7.6  $0 Granted  15,000   1.61  9.5   0 Exercised  0   0      0 Canceled, forfeited, or expired  0   0      0 Options outstanding at September 29, 2024  334,550  $2.57  7.0  $0 Options exercisable at September 29, 2024  160,554