Company: BTBDW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002248
Chunk: 389

Company: BT Brands, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 389
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, 2024, and December 31, 2023. In February 2025, the Bagger Dave’s location in Chesterfield, Michigan, was closed because of poor performance. The sale of all six of Bagger Dave’s locations is currently being negotiated at a value over the carrying value. While the sale of the restaurant assets is being pursued, there is no assurance the sale will ultimately occur.

 F-7Table of Contents

Unaudited summary financial information for Bagger Dave’s - Balance Sheet Information - December 29,2024  December 31,2023 Total current assets $1,012,529  $1,606,842 Total noncurrent assets  2,154,049   3,158,659 Total assets 3,166,578   4,765,501          Total current liabilities 711,014  640,092 Total noncurrent liabilities  1,408,091   2,030,286 Total liabilities  2,119,105   2,670,378 Stockholders’ equity  1,047,473   2,095,123 Total liabilities and stockholders’ equity $3,166,578  $4,765,501  Statements of Operations information - December 29,2024  December 31,2023 Revenue $7,176,536  $7,964,854 Depreciation and amortization  (527,274 )  (656,067)Other costs and expenses  (7,696,912 )  (8,161,248)Net loss $(1,047,650 ) $(852,461) Fair Value Measurements The following is a summary of the fair value of Level 1 investments. As required, fair values have been determined by reference to quoted market prices in active markets as of the year-end indicated:   December 29, 2024  December 31, 2023   Fair value Carrying Amount  Level 1  Fair value Carrying Amount  Level 1 Corporate bond fund $-  $-  $178,500  $178,500 Common stocks  2,129,986   2,129,986   1,213,560   1,213,560 Real estate investment