Company: BTBDW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002248
Chunk: 302

Company: BT Brands, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 302
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, and further increases may negatively impact consumer behavior.

Results of operations for the 52 weeks ending December 29, 2024, compared to the 52 weeks ending December 31, 2024.

The following table sets forth, for the years indicated, our Consolidated Statements of Operations expressed as a percentage of total revenues. The percentages below may not reconcile because of rounding.

  52 weeks ended,December 29, 2024  52 weeks ended,December 31, 2023   Amount  %  Amount  % SALES $14,823,472   100.0% $14,076,653   100.0%COSTS AND EXPENSES                Restaurant operating expenses                Food and paper costs  5,605,579   37.8   5,597,167   39.8 Labor costs  6,128,574   41.3   5,458,351   38.8 Occupancy costs  1,403,204   9.5   1,312,717   9.3 Other operating expenses  962,287   6.5   841,894   6.0 Depreciation and amortization  742,860   5.0   598,540   4.3 Impairment of assets  371,872   2.5   —     General and administrative  1,691,404   11.4   1,650,755   11.7 Gain on sale of asset  (250,000 )  (1.7 )  (310,182 )  (2.2 )Total costs and expenses  16,655,780   112.3   15,149,242   107.6 Loss from operations  (1,832,308 )  (12.3 )  (1,072,589 )  (7.6 )UNREALIZED GAIN (LOSS) ON MARKETABLE SECURITIES  (93,458 )  (.6 )  80,139   .6 REALIZED GAIN ON MARKETABLE SECURITIES  143,340   1.0   23,058   .2 INTEREST EXPENSE