2022 Q3 Form 10-Q Financial Statement

#000147793222006162 Filed on August 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $3.525M $2.073M $1.847M
YoY Change 47.94% 6.82% -11.42%
Cost Of Revenue $2.490M $1.329M $1.294M
YoY Change 62.78% 2.45% -8.08%
Gross Profit $1.034M $743.9K $553.1K
YoY Change 21.31% 15.62% -18.36%
Gross Profit Margin 29.35% 35.88% 29.94%
Selling, General & Admin $716.9K $465.7K $366.8K
YoY Change 153.56% 92.53% -29.69%
% of Gross Profit 69.31% 62.6% 66.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $109.3K $68.90K $60.23K
YoY Change 84.84% 25.64% 23.42%
% of Gross Profit 10.56% 9.26% 10.89%
Operating Expenses $1.039M $655.0K $541.8K
YoY Change 120.88% 55.97% -20.78%
Operating Profit -$4.148K $88.92K $11.30K
YoY Change -101.07% -60.21% -276.84%
Interest Expense $26.19K $28.27K -$11.71K
YoY Change -70.79% -26.7% -61.59%
% of Operating Profit 31.79% -103.63%
Other Income/Expense, Net $0.00
YoY Change
Pretax Income -$115.3K $60.65K -$420.00
YoY Change -138.75% -67.2% -99.67%
Income Tax -$23.00K $18.00K -$25.00K
% Of Pretax Income 29.68%
Net Earnings -$92.28K $42.65K $24.58K
YoY Change -143.42% -68.39% -205.18%
Net Earnings / Revenue -2.62% 2.06% 1.33%
Basic Earnings Per Share
Diluted Earnings Per Share -$14.28K $6.607K $5.608K
COMMON SHARES
Basic Shares Outstanding 6.461M shares 6.461M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.824M $11.33M $12.39M
YoY Change 412.73% 675.82% 837.42%
Cash & Equivalents $8.296M $11.07M $12.39M
Short-Term Investments $527.8K $254.1K $0.00
Other Short-Term Assets $53.46K $51.11K $27.19K
YoY Change 161.67% 309.21% 408.22%
Inventory $146.9K $97.85K $79.51K
Prepaid Expenses
Receivables $36.07K $15.83K $72.25K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.060M $11.49M $12.56M
YoY Change 391.44% 643.98% 793.51%
LONG-TERM ASSETS
Property, Plant & Equipment $2.962M $2.412M $1.592M
YoY Change 86.61% 48.97% -2.46%
Goodwill $488.4K $200.0K $0.00
YoY Change
Intangibles $425.0K
YoY Change
Long-Term Investments $1.550M $304.0K $75.00K
YoY Change 1966.44% 305.33% 0.0%
Other Assets $285.3K $390.3K $273.8K
YoY Change 3.98% 41.96% -0.62%
Total Long-Term Assets $6.872M $3.922M $1.941M
YoY Change 254.85% 99.18% -2.11%
TOTAL ASSETS
Total Short-Term Assets $9.060M $11.49M $12.56M
Total Long-Term Assets $6.872M $3.922M $1.941M
Total Assets $15.93M $15.41M $14.51M
YoY Change 321.46% 338.7% 328.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $498.3K $403.3K $292.0K
YoY Change 25.1% -10.21% 7.94%
Accrued Expenses $575.8K $360.1K $254.3K
YoY Change 121.75% 48.33% -39.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $171.4K $171.4K $169.9K
YoY Change -1.72% -59.05% -30.74%
Total Short-Term Liabilities $1.388M $1.168M $925.3K
YoY Change 46.79% -6.45% -10.56%
LONG-TERM LIABILITIES
Long-Term Debt $2.750M $2.791M $2.833M
YoY Change -9.64% 3.19% -3.6%
Other Long-Term Liabilities $1.016M $582.1K -$30.00
YoY Change
Total Long-Term Liabilities $2.750M $2.791M $2.833M
YoY Change -9.64% 3.19% -3.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.388M $1.168M $925.3K
Total Long-Term Liabilities $2.750M $2.791M $2.833M
Total Liabilities $5.205M $4.635M $3.877M
YoY Change 25.88% 13.57% -5.23%
SHAREHOLDERS EQUITY
Retained Earnings -$649.9K -$600.2K
YoY Change -24.49% -50.32%
Common Stock $12.92K $12.90K
YoY Change 59.63%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares
Shareholders Equity $10.73M $10.78M $10.63M
YoY Change
Total Liabilities & Shareholders Equity $15.93M $15.41M $14.51M
YoY Change 321.46% 338.7% 328.0%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$92.28K $42.65K $24.58K
YoY Change -143.42% -68.39% -205.18%
Depreciation, Depletion And Amortization $109.3K $68.90K $60.23K
YoY Change 84.84% 25.64% 23.42%
Cash From Operating Activities $160.7K $337.4K -$117.4K
YoY Change -36.73% 39.25% -1482.45%
INVESTING ACTIVITIES
Capital Expenditures -$1.309M $10.16K -$122.1K
YoY Change 4878.81% -75.03% 26.29%
Acquisitions $1.150M
YoY Change
Other Investing Activities -$1.588M -$521.9K $0.00
YoY Change -100.0%
Cash From Investing Activities -$2.897M -$1.682M -$122.1K
YoY Change 10917.76% 4031.79% 463.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $42.24K
YoY Change -32.67%
Cash From Financing Activities -41.80K $32.63K 10.55M
YoY Change -226.09% -152.02% -18008.46%
NET CHANGE
Cash From Operating Activities 160.7K $337.4K -117.4K
Cash From Investing Activities -2.897M -$1.682M -122.1K
Cash From Financing Activities -41.80K $32.63K 10.55M
Net Change In Cash -2.778M -$1.312M 10.31M
YoY Change -1164.98% -1044.87% -14399.14%
FREE CASH FLOW
Cash From Operating Activities $160.7K $337.4K -$117.4K
Capital Expenditures -$1.309M $10.16K -$122.1K
Free Cash Flow $1.470M $327.2K $4.730K
YoY Change 424.39% 62.33% -95.5%

Facts In Submission

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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates, and the differences could be material.</p>
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PurchasePricePerShares
8.50
CY2022Q1 btbd Trading Days
TradingDays
P20Y
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2965935 usd
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3049971 usd
CY2022Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
15000 shares
CY2022Q1 btbd Exercisable Price
ExercisablePrice
5
btbd Granted Options To Purchase
GrantedOptionsToPurchase
220750 shares
btbd Purchase Price Per Shares
PurchasePricePerShares
2.50
btbd Companys Stock Optionstabletextblock
CompanysStockOptionstabletextblock
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>  Number of </strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Weighted Average</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Weighted Average Remaining Term</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Aggregate</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Intrinsic</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Options</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Exercise Price</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>(In Years)</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Value </strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Options outstanding at January 2, 2022</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">15,000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5.00</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">9.3</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">0</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 15px">Granted</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">220,750</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2.50</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">0</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 15px">Exercised</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">0</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">0</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px">$</p></td><td class="ffcell" style="width:9%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">0</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 15px">Canceled, forfeited, or expired</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(8,200</td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">2.50</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px">$</p></td><td class="ffcell" style="width:9%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">0</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Options outstanding at July 3, 2022</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">227,550</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">2.67</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">9.8</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">0</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Options exercisable at July 3, 2022</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">59,150</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">3.18</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">9.7</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">0</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
btbd Number Of Options Begining Balance
NumberOfOptionsBeginingBalance
15000 shares
btbd Weighted Average Exercise Price Begining
WeightedAverageExercisePriceBegining
5.00
btbd Remaining Contract Term Begining
RemainingContractTermBegining
P9Y3M18D
btbd Aggregate Intrinsic Value Begining
AggregateIntrinsicValueBegining
0 usd
btbd Number Of Options Granted
NumberOfOptionsGranted
220750 shares
btbd Weighted Average Exercise Price Granted
WeightedAverageExercisePriceGranted
2.50
btbd Aggregate Intrinsic Value Granted
AggregateIntrinsicValueGranted
0 usd
btbd Number Of Options Exercised
NumberOfOptionsExercised
0 shares
btbd Weighted Average Exercise Price Exercised
WeightedAverageExercisePriceExercised
0
btbd Aggregate Intrinsic Value Exercised
AggregateIntrinsicValueExercised
0 usd
btbd Number Of Options Canceled Forfeited Or Expired
NumberOfOptionsCanceledForfeitedOrExpired
-8200 shares
btbd Weighted Average Exercise Price Canceled Forfeited Or Expired
WeightedAverageExercisePriceCanceledForfeitedOrExpired
2.50
btbd Aggregate Intrinsic Value Canceled Forfeited Expired
AggregateIntrinsicValueCanceledForfeitedExpired
0 usd
btbd Number Of Options Ending Balance
NumberOfOptionsEndingBalance
227550 shares
btbd Weighted Average Exercise Price Ending Balance
WeightedAverageExercisePriceEndingBalance
2.67
btbd Remaining Contract Term Ending
RemainingContractTermEnding
P9Y9M18D
btbd Aggregate Intrinsic Value Ending
AggregateIntrinsicValueEnding
0 usd
btbd Numbeer Of Options Exercisable
NumbeerOfOptionsExercisable
59150 shares
btbd Long Term Debt Noncurrent E835 F90 Dc0 D7
LongTermDebtNoncurrentE835F90DC0D7
3.18
btbd Remaining Contract Term Exercisable
RemainingContractTermExercisable
P9Y8M12D
btbd Aggregate Intrinsic Value Exercisable
AggregateIntrinsicValueExercisable
0 usd
btbd Estimate The Fair Value Of The Stock Options Tabletextblock
EstimateTheFairValueOfTheStockOptionsTabletextblock
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Fair value of options granted during the period</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.39</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Expected life (in years)</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">4.83</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Expected dividend</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Expected stock volatility</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">63</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Risk-free interest rate</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td></tr></tbody></table>
btbd Fair Value Of Options Granted During The Period
FairValueOfOptionsGrantedDuringThePeriod
1.39
btbd Expected Life In Years
ExpectedLifeInYears
P4Y9M29D
us-gaap Investment Income Dividend
InvestmentIncomeDividend
0 usd
btbd Expected Stock Volatility
ExpectedStockVolatility
0.63 pure
btbd Restaurant Space
RestaurantSpace
2800 sqft
btbd Monthly Lease Payment
MonthlyLeasePayment
5000 usd
btbd Annual Escalation
AnnualEscalation
0.03 pure
CY2016Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
624000 usd
btbd Present Value Discounted
PresentValueDiscounted
0.04 pure
btbd Remaining Lease Obligation
RemainingLeaseObligation
607220 usd
btbd Incremental Borrowing Rate
IncrementalBorrowingRate
0.04 pure
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
90000 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
181350 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
185990 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
190600 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
196000 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
495054 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1338994 usd
CY2022Q3 btbd Operating Leases Future Minimum Interest
OperatingLeasesFutureMinimumInterest
189196 usd
CY2022Q3 btbd Present Value Of Lease Payments
PresentValueOfLeasePayments
1149798 usd
CY2022Q1 us-gaap Investments
Investments
229000 usd
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.08 pure
CY2022Q3 us-gaap Investment Sold Not Yet Purchased Balance Shares
InvestmentSoldNotYetPurchasedBalanceShares
57250 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.65

Files In Submission

Name View Source Status
0001477932-22-006162-index-headers.html Edgar Link pending
0001477932-22-006162-index.html Edgar Link pending
0001477932-22-006162.txt Edgar Link pending
0001477932-22-006162-xbrl.zip Edgar Link pending
btbd-20220703.xsd Edgar Link pending
btbd_10q.htm Edgar Link pending
btbd_10qimg1.jpg Edgar Link pending
btbd_ex311.htm Edgar Link pending
btbd_ex312.htm Edgar Link pending
btbd_ex321.htm Edgar Link pending
btbd_ex322.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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R32.htm Edgar Link pending
btbd-20220703_def.xml Edgar Link unprocessable
btbd-20220703_cal.xml Edgar Link unprocessable
btbd-20220703_pre.xml Edgar Link unprocessable
btbd_10q_htm.xml Edgar Link completed
btbd-20220703_lab.xml Edgar Link unprocessable
R33.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable