Company: BTBDW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001477932-25-003689
Chunk: 38

Company: BT Brands, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 historic cost determined by BT Brands, which the Company believes is reasonable relative to recent stock sales by NGI.  Bagger Dave’s common stock is traded on the OTC Pink Sheets market and files quarterly and annual financial reports with OTCMarkets, Inc. under the Alternative Reporting Standard. The listing with OTC Markets does not require the financial information to be audited. For the thirteen weeks ending March 30, 2025, Bagger Dave’s had sales of $1,567,917 and a net loss of $339,136. For the thirteen weeks, our 40.7% equity share in the loss was approximately $134,300, which is included in the accompanying statement of operations. See Note 9 for information regarding our related party investment in and loans to NGI. Fair Value of Financial Instruments Our accounting for fair value measurements of assets and liabilities, is that they are recognized or disclosed at fair value in the statements on a recurring or nonrecurring basis, adhere to the Financial Accounting Standards Board (FASB) fair value hierarchy that prioritizes the input to valuation techniques used to measure fair value.  The hierarchy prioritizes unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). 

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The three levels of the fair value hierarchy are as follows:  ·Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that we can access at the measurement date. ·Level 2 inputs are inputs other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the entire term of the asset or liability. ·Level 3 inputs are unobservable inputs for the asset or liability. The carrying values of cash equivalents, receivables, accounts payable, and other financial working capital items approximate fair value due to their short maturity. The following is a summary of the fair value of Level 1 investments.    March 30, 2025  December 29, 2024   Fair value Carrying Amount  Level 1  Fair value Carrying Amount  Level 1 Common stocks  2,446,909   2,446,909  $2,129,986   2,129,986 Real Estate