Company: BTBDW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001477932-25-003689
Chunk: 31

Company: BT Brands, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 COMMITMENTS AND CONTINGENCIES                 SHAREHOLDERS' EQUITY         Preferred stock, $0.001 par value, 2,000,000 shares authorized, no shares outstanding at March 30, 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 March 30, 2025 and December 29, 2024  12,309   12,309 Less cost of 306,394 common shares held in Treasury at March 30, 2025 and December 29, 2024  (499,718)  (499,718)Additional paid-in capital  11,844,735   11,813,735 Accumulated deficit  (4,690,948)  (4,361,099)         Total shareholders' equity  6,666,378   6,965,227          Total liabilities and shareholders' equity $11,003,980  $11,996,797 

See Notes to Condensed Consolidated Financial Statements

 Page 5 of 24Table of Contents

BT BRANDS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

  13 Weeks Ended,  13 Weeks Ended,   March 30, 2025  March 31, 2024        SALES $3,231,073  $3,190,147          COSTS AND EXPENSES        Restaurant operating expenses        Food and paper costs  1,200,329   1,278,958 Labor costs  1,217,897   1,386,686 Occupancy costs  309,694   336,275 Other operating expenses  187,920   203,900 Depreciation and amortization expenses  156,395   160,542 General and administrative expenses  451,034   454,615 Total costs and expenses  3,523,269   3,820,976          Loss from operations  (292,196 )  (630,829 )UNREALIZED G