2022 Q3 Form 10-Q Financial Statement
#000147793222006162 Filed on August 16, 2022
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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---|---|---|---|---|
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BT BRANDS, INC. | ||
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405 Main Avenue West | ||
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West Fargo | ||
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Use Of Estimates
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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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Common Shares
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Warrant Excercise Price
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0.114 | ||
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Fiscal Period
FiscalPeriod
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">BT Brand’s fiscal year is a 52/53-week year, ending on the Sunday closest to December 31. Most years consist of four 13-week accounting periods comprising a 52-week year. Fiscal 2022 is 52 weeks ending January 1, 2023, and fiscal 2021 was a 52-weeks ending January 2, 2022.</p> | ||
CY2022Q3 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
3417413 | usd |
CY2022Q1 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
2674529 | usd |
us-gaap |
Lease Cost
LeaseCost
|
607988 | usd | |
CY2022Q3 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
527750 | usd |
CY2022Q3 | us-gaap |
Commercial Paper At Carrying Value
CommercialPaperAtCarryingValue
|
0 | usd |
CY2022Q3 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
|
258751 | usd |
CY2022Q3 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
1998516 | usd |
CY2022Q1 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
1322085 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
5901168 | usd |
CY2022Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4481853 | usd |
CY2022Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2680610 | usd |
CY2022Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2630764 | usd |
CY2022Q1 | btbd |
Less Property Held For Sale
LessPropertyHeldForSale
|
-258751 | usd |
CY2022Q3 | btbd |
Less Property Held For Sale
LessPropertyHeldForSale
|
-258751 | usd |
CY2022Q3 | us-gaap |
Business Acquisition Percentage Of Voting Interests Acquired
BusinessAcquisitionPercentageOfVotingInterestsAcquired
|
0.275 | pure |
CY2022Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
425000 | usd |
CY2022Q3 | us-gaap |
Land
Land
|
485239 | usd |
CY2022Q1 | us-gaap |
Land
Land
|
485239 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2961807 | usd |
CY2022Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1592338 | usd |
us-gaap |
Depreciation
Depreciation
|
177676 | usd | |
us-gaap |
Depreciation
Depreciation
|
113394 | usd | |
CY2022Q3 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
-44298 | usd |
CY2022Q1 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
-46999 | usd |
CY2022Q3 | btbd |
Current Maturities Notes Payable
CurrentMaturitiesNotesPayable
|
-171358 | usd |
CY2022Q1 | btbd |
Current Maturities Notes Payable
CurrentMaturitiesNotesPayable
|
-169908 | usd |
CY2022Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
2750279 | usd |
CY2022Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
2833064 | usd |
CY2022Q3 | btbd |
Accrued Real Estate Taxes
AccruedRealEstateTaxes
|
88800 | usd |
CY2022Q1 | btbd |
Accrued Real Estate Taxes
AccruedRealEstateTaxes
|
103615 | usd |
CY2022Q3 | btbd |
Accrued Bonus Compensation
AccruedBonusCompensation
|
59139 | usd |
CY2022Q1 | btbd |
Accrued Bonus Compensation
AccruedBonusCompensation
|
7000 | usd |
CY2022Q3 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
228127 | usd |
CY2022Q1 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
44700 | usd |
CY2022Q3 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
13398 | usd |
CY2022Q1 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
8424 | usd |
CY2022Q3 | btbd |
Accrued Sales Taxes Payable
AccruedSalesTaxesPayable
|
118468 | usd |
CY2022Q1 | btbd |
Accrued Sales Taxes Payable
AccruedSalesTaxesPayable
|
50414 | usd |
CY2022Q3 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
17664 | usd |
CY2022Q1 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
17663 | usd |
CY2022Q3 | btbd |
Accured Gift Card Liability
AccuredGiftCardLiability
|
29295 | usd |
CY2022Q1 | btbd |
Accured Gift Card Liability
AccuredGiftCardLiability
|
10036 | usd |
CY2022Q3 | btbd |
Accured Franchise Royality
AccuredFranchiseRoyality
|
6494 | usd |
CY2022Q1 | btbd |
Accured Franchise Royality
AccuredFranchiseRoyality
|
2614 | usd |
CY2022Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
14405 | usd |
CY2022Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
9875 | usd |
CY2022Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
575790 | usd |
CY2022Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
254341 | usd |
btbd |
Risk Free Interest Rate
RiskFreeInterestRate
|
0.02 | pure | |
CY2022Q1 | btbd |
Granted Options To Purchase
GrantedOptionsToPurchase
|
250000 | shares |
CY2022Q1 | btbd |
Purchase Price Per Shares
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 |