Company: BTBDW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002248
Chunk: 264

Company: BT Brands, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 264
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2025 We utilize the Black-Scholes option pricing model at the date of grant when determining the compensation cost associated with stock options issued using the following significant assumptions:  ·Stock price – Published trading market values of our 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; ·Risk-free interest rate – The daily US Treasury yield corresponding to the expected life of the award. Information regarding our stock options, including consultant warrants, is summarized below:   Number of Options  Weighted AverageExercise Price  Weighted Average Remaining Term (In Years)  Aggregate Intrinsic Value Options outstanding at January 1, 2023  220,250  $2.74   9.0  $- Granted  100,000   2.50   6.2   - Exercised  -   -   -   - Canceled, forfeited, or expired  (1,000)  2.58   -   - Options outstanding at December 31, 2023  319,250  $2.62   7.6  $- Options exercisable at December 31, 2023  106,702   2.85   8.3  $- Options outstanding at December 31, 2023  319,250  $2.62   7.6  $- Granted  20,000   1.64   9.3   - Exercised  -   -   -   - Canceled, forfeited, or expired  -   -   -   - Options outstanding at December 29, 2024  339,250  $2.53   7.4  $- Options exercisable at December 29, 2024  169,554  $2.65   6.8  $-   The Black-Scholes option-pricing model was used to estimate the fair value of the stock options at the date of grant with the following weighted-average assumptions for grants during