Company: BTBDW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001477932-25-006037
Chunk: 1

Company: BT Brands, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 1,497,300 Total liabilities  4,432,127   5,031,570          COMMITMENTS AND CONTINGENCIES                 SHAREHOLDERS' EQUITY        Preferred stock, $0.001 par value, 2,000,000 shares authorized, no shares outstanding at June 29, 2025 and December 29, 2024  -   - Common stock, $0.002 par value, 50,000,000 authorized, 6,461,118 issued and 6,154,724 outstanding at June 29, 2025, and December 29, 2024  12,309   12,309 Less cost of 306,394 common shares held in Treasury at June 29, 2025 and December 29, 2024  (499,718)  (499,718)Additional paid-in capital  11,907,470   11,813,735 Accumulated deficit  (4,635,917)  (4,361,099)         Total shareholders' equity  6,784,144   6,965,227          Total liabilities and shareholders' equity $11,216,271  $11,996,797 

             See Notes to Condensed Consolidated  Financial Statements

 5Table of Contents

BT BRANDS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED  STATEMENTS OF OPERATIONS

(Unaudited)

  26 Weeks Ended  26 Weeks Ended,  13 Weeks Ended  13 Weeks Ended   June 29, 2025  June 30, 2024  June 29, 2025  June 30, 2024 SALES $7,010,763  $7,300,786  $3,779,690  $4,110,639                  COSTS AND EXPENSES                Restaurant operating expenses                Food and paper costs  2,449,549   2,844,028   1,249,220   1,565,070 Labor costs  2,592,500   2,938,448   1,374,603   1,551,762 Occupancy costs  611