Company: BTBDW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002248
Chunk: 239

Company: BT Brands, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 239
---
,751   258,751 Total current assets  4,999,404   7,228,573          PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET  3,343,340   3,247,013 OPERATING LEASE RIGHT-OF-USE ASSETS  1,724,052   1,789,285 EQUITY INVESTMENT IN UNCONSOLIDATED SUBSIDIARY  304,439   718,806 INVESTMENT IN EQUITY AND NOTES RECEIVABLE FROM RELATED COMPANY  424,000   304,000 DEFERRED INCOME TAXES  -   206,000 GOODWILL  796,220   671,220 INTANGIBLE ASSETS, NET  367,799   395,113 OTHER ASSETS, NET  37,543   49,202 Total assets          $11,996,797  $14,609,212 LIABILITIES AND SHAREHOLDERS' EQUITY        CURRENT LIABILITIES        Accounts payable $612,059  $555,247 Broker margin loan  -   115,899 Current maturities of long-term debt  185,009   183,329 Current 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,