BT Brands, Inc. Reports Results for the Third Quarter Ending October 2, 2022
BT Brands, Inc. Reports Results for the Third Quarter Ending October 2, 2022
WEST FARGO, ND / ACCESSWIRE / November 15, 2022 / West Fargo, North Dakota (NASDAQ:BTBD)(NASDAQ:BTBDW), operator of Burger Time, Keegan's Seafood Grille, Pie in the Sky Coffee and Bakery and Village Bier Garten, today reported financial results for the fiscal third quarter ended October 2, 2022.
新泽西州西法戈/2022年11月15日美国北达科他州西法戈(纳斯达克股票代码:BTBD)(纳斯达克代码:BTBDW)今天公布了截至2022年10月2日的第三财季财务业绩。该公司经营汉堡时间、基根海鲜烧烤、天上的派咖啡和面包房以及比尔花园村。
Key highlights of the Company's financial results include:
该公司财务业绩的主要亮点包括:
- Revenue for the third quarter of 2022 increased 76.4% to $4.0 million from $2.3 in fiscal 2021. The increase during the period resulted from sales from the recently acquired businesses that contributed $1.9 million in revenue.
- Recently acquired restaurants contributed $1.9 million in revenue during the quarter
- The Company ended the quarter with $7.2 million in cash
- Same Store Sales for company-owned Burger Time restaurants decreased by 14.0% for the quarter compared to the prior year's quarter. Staffing challenges also adversely impacted Burger Time, resulting in limited hours and isolated daily store closures during the quarter
- Income from operations for the 39 weeks declined to $8,991 from $358,743 in the year-earlier period
- The year-to-date net loss was $224,531 compared to the net income of $583,267 a year ago
- 2022年第三季度营收增长76.4%,从2021财年的230万美元增至400万美元。这一期间的增长来自最近收购的业务的销售,这些业务贡献了190万美元的收入。
- 最近收购的餐厅在本季度贡献了190万美元的收入
- 该公司本季度末的现金为720万美元
- 与去年同期相比,该季度公司拥有的Burger Time餐厅的同店销售额下降了14.0%。人员配备的挑战也对汉堡包的时间产生了不利影响,导致该季度的工作时间有限,每天单独关闭门店
- 前39周的运营收入从去年同期的358,743美元下降到8,991美元
- 今年迄今的净亏损为224,531美元,而去年同期的净收益为583,267美元
Gary Copperud, the Company's Chief Executive Officer, said, "Our results this quarter reflect continued growth in revenue as a result of our recent acquisitions offsetting a decline in revenues at Burger Time. We also incurred higher-than-expected costs related to transitioning the acquired businesses. Results reflect an unrealized loss on investments of $155,220 and a loss on the equity in Bagger Dave's of $135,813. The Company faced inflationary pressures on costs and increased challenges in recruiting and retaining employees. I'm excited about all three of our recent restaurant acquisitions, which we expect will meet our target returns and contribute to a doubling of sales for fiscal 2022 compared to 2021."
公司首席执行官加里·科珀鲁德说:“我们本季度的业绩反映了我们最近的收购带来的收入的持续增长,抵消了汉堡时间收入的下降。我们还产生了高于预期的与收购业务转型相关的成本。结果显示,投资未实现亏损155,220美元,Bagger Dave‘s股权亏损135,813美元。该公司在招聘和留住员工方面面临着通胀压力和更大的挑战。我对我们最近收购的所有三家餐厅都感到兴奋,我们预计这将达到我们的目标回报,并为2022财年的销售额比2021年翻一番做出贡献。
Fiscal 2022 Outlook: Because of the uncertain nature of the performance of recent acquisitions and the evolving character of our Company and because of continuing uncertainty surrounding public health concerns and the aftermath, impacts of supply chain constraints, and the current inflationary environment, the Company is not, at this point, providing a financial forecast for fiscal 2022.
2022财年展望:由于最近收购的业绩的不确定性和我们公司不断发展的特点,以及围绕公共健康问题及其后果、供应链限制的影响和当前通胀环境的持续不确定性,公司目前不提供2022财年的财务预测。
About BT Brands Inc.: BT Brands, Inc. (Nasdaq: BTBD BTBDW) BT Brands owns and operates twelve restaurants, including eight Burger Time restaurants in the North Central region of the United States, a Dairy Queen fast-food franchised location in suburban Minneapolis, Minnesota. The Company owns Keegan's Seafood Grille, a dine-in restaurant near Clearwater, Florida, and Pie In The Sky Coffee and Bakery, a casual dining coffee shop and bakery located in Woods Hole, Massachusetts. Our Burger Time restaurants feature a variety of burgers and other affordable foods, sides, and soft drinks. Keegan's Seafood Grille has operated in Indian Rocks Beach, Florida, for more than thirty-five years and offers a variety of traditional fresh seafood items for lunch and dinner. The menu at Keegan's includes beer and wine. Pie In The Sky features an array of fresh baked goods, freshly made sandwiches, and our locally roasted coffee. Our revenues are derived from food and beverages at our restaurants; retail goods such as apparel, private-labeled "Keegan's Hot Sauce," and other souvenir items account for an insignificant portion of our income. Following the end of the quarter, we acquired the Village Bier Garten located in Cocoa, Florida.
关于BT Brands Inc.:BT Brands,Inc.(纳斯达克代码:BTBD BTBDW)BT Brands拥有并经营12家餐厅,其中包括美国中北部地区的8家Burger Time餐厅,以及明尼苏达州明尼阿波利斯市郊区的Dary Queen快餐专营店。该公司拥有位于佛罗里达州克利尔沃特附近的Keegan‘s Seafood Grille餐厅和位于马萨诸塞州伍兹霍尔的Pie in the Sky Coffee and Bakery,这是一家休闲就餐咖啡店和面包店。我们的汉堡时间餐厅提供各种汉堡和其他实惠的食物、配菜和软饮料。Keegan‘s Seafood Grille在佛罗里达州的印第安岩海滩经营了35年多,午餐和晚餐提供各种传统的新鲜海鲜。Keegan‘s的菜单包括啤酒和葡萄酒。天空中的馅饼提供一系列新鲜烘焙的食物、新鲜制作的三明治和我们当地烘焙的咖啡。我们的收入来自餐厅的食品和饮料;服装、私人品牌的“基根辣酱”和其他纪念品等零售商品在我们收入中只占很小的一部分。本季度结束后,我们收购了位于佛罗里达州可可的比尔村花园。
Forward-Looking Statements Disclaimer: This press release contains forward-looking statements within the meaning of federal securities laws. The words "intend," "may," "believe," "will," "should," "anticipate," "expect," "seek," and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, which may cause the Company's actual results to differ materially from results expressed or implied by the forward-looking statements. Such risks and uncertainties include, among other things, the market price of the Company's stock prevailing from time to time, the nature of other investment opportunities presented to the Company'sCompany's financial performance, and its cash flows from operations, general economic conditions, which could adversely affect the Company's results of operations and cash flows. These risks also include such factors as the disruption to our business from public health issues, including the coronavirus pandemic and its impact on our operations, which may vary depending on the duration and extent of the effects of governmental actions and customer behavior in response, the impact and duration of staffing constraints at our restaurants, the impact of supply chain constraints and the current inflationary environment, the uncertain nature of current restaurant development plans and the ability to implement those plans and integrate new restaurants, delays in developing and opening new restaurants because of weather, local permitting or other reasons, increased competition, cost increases or shortages in raw food products, and other matters discussed under the Risk Factors section of BT Brands Annual Report on Form 10-K for the fiscal year ended March 17, 2022, filed with the SEC, and other filings with the SEC. BT Brands disclaims any obligation or duty to update or modify these forward-looking statements.
前瞻性声明免责声明:本新闻稿包含符合联邦证券法的前瞻性陈述。“打算”、“可能”、“相信”、“将”、“应该”、“预期”、“期望”、“寻求”以及类似的表达方式旨在识别前瞻性陈述。这些陈述涉及已知和未知的风险,可能导致公司的实际结果与前瞻性陈述中明示或暗示的结果大不相同。这些风险和不确定因素包括但不限于公司股票的市场价格、公司的其他投资机会的性质、公司的财务业绩、运营的现金流、总体经济状况,这些都可能对公司的运营结果和现金流产生不利影响。这些风险还包括公共卫生问题对我们业务的干扰,包括冠状病毒大流行及其对我们运营的影响,这些因素可能会有所不同,具体取决于政府行动和客户行为应对的影响的持续时间和程度,我们餐厅人员限制的影响和持续时间,供应链限制和当前通胀环境的影响,当前餐厅发展计划和实施这些计划和整合新餐厅的能力的不确定性,由于天气、当地许可或其他原因而延误开发和开业新餐厅,竞争加剧,生食品成本增加或短缺,以及在提交给美国证券交易委员会的截至2022年3月17日的财年10-K表格中的风险因素部分讨论的其他事项,以及提交给美国证券交易委员会的其他文件中讨论的其他事项。BT Brands不承担更新或修改这些前瞻性陈述的任何义务或义务。
FINANCIAL TABLES FOLLOW:
财务表格如下:
BT BRANDS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
英国电信品牌公司及附属公司
简明合并业务报表
(未经审计)
39 Weeks Ended October 2, 2022 |
39 Weeks Ended October 3, 2021 |
13 Weeks Ended October 2, 2022 |
13 Weeks Ended October 3, 2021 |
|||||||||||||
SALES |
$ | 9,621,996 | $ | 6,604,554 | $ | 4,023,920 | $ | 2,280,999 | ||||||||
COSTS AND EXPENSES |
||||||||||||||||
Restaurant operating expenses |
||||||||||||||||
Food and paper costs |
3,637,814 | 2,580,224 | 1,604,858 | 944,171 | ||||||||||||
Labor costs |
3,122,867 | 1,794,499 | 1,336,039 | 607,780 | ||||||||||||
Occupancy costs |
803,792 | 436,196 | 367,872 | 132,542 | ||||||||||||
Other operating expenses |
577,035 | 355,024 | 248,383 | 102,943 | ||||||||||||
Depreciation and amortization expenses |
351,084 | 173,799 | 168,855 | 60,405 | ||||||||||||
General and administrative expenses |
1,035,639 | 295,397 | 288,921 | 74,415 | ||||||||||||
Total costs and expenses |
9,528,231 | 5,635,139 | 4,014,929 | 1,922,256 | ||||||||||||
Income (loss) from operations |
93,765 | 969,415 | 8,991 | 358,743 | ||||||||||||
UNREALIZED LOSS ON MARKETABLE SECURITIES |
(155,220 | ) | - | (74,982 | ) | - | ||||||||||
INTEREST AND OTHER INCOME |
55,836 | - | 46,364 | - | ||||||||||||
INTEREST EXPENSE |
(88,099 | ) | (161,148 | ) | (33,638 | ) | (32,916 | ) | ||||||||
EQUITY IN NET LOSS OF AFFILIATE |
(135,813 | ) | - | (121,641 | ) | - | ||||||||||
INCOME (LOSS) BEFORE TAXES |
(229,531 | ) | 808,267 | (174,906 | ) | 325,827 | ||||||||||
INCOME TAX (EXPENSE) BENEFIT |
5,000 | (225,000 | ) | - | (90,000 | ) | ||||||||||
NET INCOME (LOSS) |
$ | (224,531 | ) | $ | 583,267 | $ | (174,906 | ) | $ | 235,827 | ||||||
NET INCOME (LOSS) PER COMMON SHARE - Basic and Diluted |
$ | (0.03 | ) | $ | 0.14 | $ | (0.04 | ) | $ | 0.06 | ||||||
WEIGHTED AVERAGE SHARES USED IN COMPUTING PER COMMON SHARE AMOUNTS - Basic and Diluted |
6,459,223 | 4,047,506 | 6,461,118 | 4,047,506 |
39周结束 2022年10月2日 |
39周结束 2021年10月3日 |
13周结束 2022年10月2日 |
13周结束 2021年10月3日 |
|||||||||||||
销货 |
$ | 9,621,996 | $ | 6,604,554 | $ | 4,023,920 | $ | 2,280,999 | ||||||||
成本和开支 |
||||||||||||||||
餐厅经营费用 |
||||||||||||||||
食品和纸张成本 |
3,637,814 | 2,580,224 | 1,604,858 | 944,171 | ||||||||||||
人工成本 |
3,122,867 | 1,794,499 | 1,336,039 | 607,780 | ||||||||||||
入住费 |
803,792 | 436,196 | 367,872 | 132,542 | ||||||||||||
其他运营费用 |
577,035 | 355,024 | 248,383 | 102,943 | ||||||||||||
折旧及摊销费用 |
351,084 | 173,799 | 168,855 | 60,405 | ||||||||||||
一般和行政费用 |
1,035,639 | 295,397 | 288,921 | 74,415 | ||||||||||||
总成本和费用 |
9,528,231 | 5,635,139 | 4,014,929 | 1,922,256 | ||||||||||||
营业收入(亏损) |
93,765 | 969,415 | 8,991 | 358,743 | ||||||||||||
有价证券未实现亏损 |
(155,220 | ) | - | (74,982 | ) | - | ||||||||||
利息和其他收入 |
55,836 | - | 46,364 | - | ||||||||||||
利息支出 |
(88,099 | ) | (161,148 | ) | (33,638 | ) | (32,916 | ) | ||||||||
关联公司净亏损中的权益 |
(135,813 | ) | - | (121,641 | ) | - | ||||||||||
税前收益(亏损) |
(229,531 | ) | 808,267 | (174,906 | ) | 325,827 | ||||||||||
所得税(费用)福利 |
5,000 | (225,000 | ) | - | (90,000 | ) | ||||||||||
净收益(亏损) |
$ | (224,531 | ) | $ | 583,267 | $ | (174,906 | ) | $ | 235,827 | ||||||
普通股每股净收益(亏损)--基本收益和稀释后收益 |
$ | (0.03 | ) | $ | 0.14 | $ | (0.04 | ) | $ | 0.06 | ||||||
用于计算每股普通股金额的加权平均股份-基本和稀释 |
6,459,223 | 4,047,506 | 6,461,118 | 4,047,506 |
BT BRANDS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
英国电信品牌公司及附属公司
合并资产负债表
October 2, 2022 | ||||||||
(Unaudited) | January 2, 2022 | |||||||
ASSETS |
||||||||
CURRENT ASSETS |
||||||||
Cash |
$ | 7,165,704 | $ | 12,385,632 | ||||
Marketable securities |
653,399 | - | ||||||
Receivables |
57,603 | 72,251 | ||||||
Inventory |
150,814 | 79,510 | ||||||
Prepaid expenses and other current assets |
50,375 | 27,186 | ||||||
Total current assets |
8,077,895 | 12,564,579 | ||||||
PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET |
3,541,493 | 1,592,338 | ||||||
OPERATING LEASES RIGHT-OF-USE ASSETS |
1,562,672 | - | ||||||
INVESTMENTS |
1,428,187 | 75,000 | ||||||
GOODWILL |
488,431 | - | ||||||
INTANGIBLE ASSETS |
545,500 | - | ||||||
OTHER ASSETS, net |
280,412 | 273,810 | ||||||
Total assets |
$ | 15,924,591 | $ | 14,505,727 | ||||
LIABILITIES AND SHAREHOLDERS' EQUITY |
||||||||
CURRENT LIABILITIES |
||||||||
Accounts payable |
$ | 354,486 | $ | 291,973 | ||||
Current maturities of long-term debt |
169,504 | 169,908 | ||||||
Current operating lease obligations |
217,744 | - | ||||||
Accrued expenses |
490,627 | 254,341 | ||||||
Income taxes payable |
8,000 | 209,088 | ||||||
Total current liabilities |
1,240,361 | 925,310 | ||||||
LONG-TERM DEBT, LESS CURRENT PORTION |
2,698,030 | 2,833,064 | ||||||
NONCURRENT LEASE OBLIGATIONS |
1,353,702 | - | ||||||
DEFERRED INCOME TAXES |
51,510 | 119,000 | ||||||
Total liabilities |
$ | 5,343,603 | $ | 3,877,374 | ||||
SHAREHOLDERS' EQUITY : |
||||||||
Preferred stock, $.001 par value, 2,000,000 shares authorized, no shares outstanding at October 2, 2022 and January 2, 2022 |
- | - | ||||||
Common stock, $.002 par value, 50,000,000 authorized, 6,461,118 shares issued and outstanding at October 2, 2022 and 6,447,506 issued and outstanding at January 2, 2022 |
12,922 | 12,895 | ||||||
Additional paid-in capital |
11,392,835 | 11,215,696 | ||||||
Accumulated deficit |
(824,769 | ) | (600,238 | ) | ||||
Total shareholders' equity |
10,580,988 | 10,628,353 | ||||||
Total liabilities and shareholders' equity |
$ | 15,924,591 | $ | 14,505,727 |
2022年10月2日 | ||||||||
(未经审计) | 2022年1月2日 | |||||||
资产 |
||||||||
流动资产 |
||||||||
现金 |
$ | 7,165,704 | $ | 12,385,632 | ||||
有价证券 |
653,399 | - | ||||||
应收账款 |
57,603 | 72,251 | ||||||
库存 |
150,814 | 79,510 | ||||||
预付费用和其他流动资产 |
50,375 | 27,186 | ||||||
流动资产总额 |
8,077,895 | 12,564,579 | ||||||
财产、设备和租赁改进,净额 |
3,541,493 | 1,592,338 | ||||||
经营性租赁使用权资产 |
1,562,672 | - | ||||||
投资 |
1,428,187 | 75,000 | ||||||
商誉 |
488,431 | - | ||||||
无形资产 |
545,500 | - | ||||||
其他资产,净额 |
280,412 | 273,810 | ||||||
总资产 |
$ | 15,924,591 | $ | 14,505,727 | ||||
负债和股东权益 |
||||||||
流动负债 |
||||||||
应付帐款 |
$ | 354,486 | $ | 291,973 | ||||
长期债务当期到期日 |
169,504 | 169,908 | ||||||
当期经营租赁债务 |
217,744 | - | ||||||
应计费用 |
490,627 | 254,341 | ||||||
应付所得税 |
8,000 | 209,088 | ||||||
流动负债总额 |
1,240,361 | 925,310 | ||||||
长期债务,减少流动部分 |
2,698,030 | 2,833,064 | ||||||
非流动租赁债务 |
1,353,702 | - | ||||||
递延所得税 |
51,510 | 119,000 | ||||||
总负债 |
$ | 5,343,603 | $ | 3,877,374 | ||||
股东权益: |
||||||||
优先股,面值为.001美元,授权股份为2,000,000股,2022年10月2日和2022年1月2日无流通股 |
- | - | ||||||
普通股,面值0.002美元,授权5,000,000股,2022年10月2日已发行并已发行6,461,118股,2022年1月2日已发行并已发行6,447,506股 |
12,922 | 12,895 | ||||||
额外实收资本 |
11,392,835 | 11,215,696 | ||||||
累计赤字 |
(824,769 | ) | (600,238 | ) | ||||
股东权益总额 |
10,580,988 | 10,628,353 | ||||||
总负债和股东权益 |
$ | 15,924,591 | $ | 14,505,727 |
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
股东权益简明合并报表
For the 39-week periods- |
Common Stock | Additional | Accumulated | |||||||||||||||||
Shares | Amount | Paid-in Capital | (Deficit) | Total | ||||||||||||||||
Balances, January 2, 2022 |
6,447,506 | $ | 12,895 | $ | 11,215,696 | $ | (600,238 | ) | $ | 10,628,353 | ||||||||||
Stock-based compensation |
- | - | 102,300 | - | 102,300 | |||||||||||||||
Shares issued in exercise of warrants |
13,612 | 27 | 74,839 | - | 74,866 | |||||||||||||||
Net loss |
- | - | - | (224,531 | ) | (224,531 | ) | |||||||||||||
Balances, October 2, 2022 |
6,461,118 | $ | 12,922 | $ | 11,392,835 | $ | (824,769 | ) | $ | 10,580,988 | ||||||||||
Shares |
Common Stock Amount |
Additional Paid-in Capital |
Accumulated (Deficit) |
Total |
||||||||||||||||
Balances, January 3, 2021 |
4,047,502 | $ | 8,095 | $ | 497,671 | $ | (1,208,089 | ) | $ | (702,323 | ) | |||||||||
Shares issued for fractional holding |
4 | - # | - | - | - | |||||||||||||||
Net income |
- | - | - | 583,267 | 583,267 | |||||||||||||||
Balances, October 3, 2021 |
4,047,506 | $ | 8,095 | $ | 497,671 | $ | (624,822 | ) | $ | (119,056 | ) | |||||||||
For the 13-week periods- |
Shares |
Common Stock Amount |
Additional Paid-in Capital |
Accumulated (Deficit) |
Total |
|||||||||||||||
Balances, July 3, 2022 |
6,461,118 | $ | 12,922 | $ | 11,363,935 | $ | (649,863 | ) | $ | 10,726,994 | ||||||||||
Stock-based compensation |
- | - | 28,900 | - | 28,900 | |||||||||||||||
Net loss |
- | - | - | (174,906 | ) | (174,906 | ) | |||||||||||||
Balances, October 2, 2022 |
6,461,118 | $ | 12,922 | $ | 11,392,835 | $ | (824,769 | ) | $ | 10,580,988 | ||||||||||
Shares |
Common Stock Amount |
Additional Paid-in Capital |
Accumulated (Deficit) |
Total |
||||||||||||||||
Balances, July 4, 2021 |
4,047,506 | $ | 8,095 | $ | 497,671 | $ | (860,649 | ) | $ | (354,883 | ) | |||||||||
Net income |
- | - | - | 235,827 | 235,827 | |||||||||||||||
Balances, October 3, 2021 |
4,047,506 | $ | 8,095 | $ | 497,671 | $ | (624,822 | ) | $ | (119,056 | ) |
在39周的期间内- |
普通股 | 其他内容 | 累计 | |||||||||||||||||
股票 | 金额 | 实收资本 | (赤字) | 总计 | ||||||||||||||||
余额,2022年1月2日 |
6,447,506 | $ | 12,895 | $ | 11,215,696 | $ | (600,238 | ) | $ | 10,628,353 | ||||||||||
基于股票的薪酬 |
- | - | 102,300 | - | 102,300 | |||||||||||||||
为行使认股权证而发行的股份 |
13,612 | 27 | 74,839 | - | 74,866 | |||||||||||||||
净亏损 |
- | - | - | (224,531 | ) | (224,531 | ) | |||||||||||||
余额,2022年10月2日 |
6,461,118 | $ | 12,922 | $ | 11,392,835 | $ | (824,769 | ) | $ | 10,580,988 | ||||||||||
股票 |
普通股 金额 |
其他内容 实收资本 |
累计 (赤字) |
总计 |
||||||||||||||||
余额,2021年1月3日 |
4,047,502 | $ | 8,095 | $ | 497,671 | $ | (1,208,089 | ) | $ | (702,323 | ) | |||||||||
为零星持有而发行的股份 |
4 | - # | - | - | - | |||||||||||||||
净收入 |
- | - | - | 583,267 | 583,267 | |||||||||||||||
余额,2021年10月3日 |
4,047,506 | $ | 8,095 | $ | 497,671 | $ | (624,822 | ) | $ | (119,056 | ) | |||||||||
在13周的期间内- |
股票 |
普通股 金额 |
其他内容 实收资本 |
累计 (赤字) |
总计 |
|||||||||||||||
余额,2022年7月3日 |
6,461,118 | $ | 12,922 | $ | 11,363,935 | $ | (649,863 | ) | $ | 10,726,994 | ||||||||||
基于股票的薪酬 |
- | - | 28,900 | - | 28,900 | |||||||||||||||
净亏损 |
- | - | - | (174,906 | ) | (174,906 | ) | |||||||||||||
余额,2022年10月2日 |
6,461,118 | $ | 12,922 | $ | 11,392,835 | $ | (824,769 | ) | $ | 10,580,988 | ||||||||||
股票 |
普通股 金额 |
其他内容 实收资本 |
累计 (赤字) |
总计 |
||||||||||||||||
余额,2021年7月4日 |
4,047,506 | $ | 8,095 | $ | 497,671 | $ | (860,649 | ) | $ | (354,883 | ) | |||||||||
净收入 |
- | - | - | 235,827 | 235,827 | |||||||||||||||
余额,2021年10月3日 |
4,047,506 | $ | 8,095 | $ | 497,671 | $ | (624,822 | ) | $ | (119,056 | ) |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
简明合并现金流量表
(未经审计)
39 Weeks Ended | ||||||||
October 2, 2022 | October 2, 2022 | |||||||
Cash Flows from Operating Activities | ||||||||
Net Income (Loss) |
$ | (224,531 | ) | $ | 583,267 | |||
Adjustments to reconcile net income (loss) to net cash provided by operating activities- |
||||||||
Depreciation and amortization of franchise cost |
306,584 | 173,799 | ||||||
Amortization of intangible assets |
44,500 | - | ||||||
Amortization of debt issuance costs included in interest expense |
4,050 | |||||||
Deferred taxes |
(67,490 | ) | 58,000 | |||||
Stock-based compensation |
102,300 | - | ||||||
Unrealized loss on marketable securities |
155,220 | - | ||||||
Loan forgiveness | (13,750 |
- |
||||||
Loss on equity method investment |
135,813 | - | ||||||
Changes in operating assets and liabilities, net of acquisitions - |
||||||||
Receivables |
14,648 | (12,721 | ) | |||||
Inventory |
(15,755 | ) | (8,867 | ) | ||||
Prepaid expenses and other current assets |
(23,189 | ) | (29,195 | ) | ||||
Accounts payable |
62,512 | 148,520 | ||||||
Accrued expenses |
204,600 | (116,136 | ) | |||||
Income taxes payable |
(201,088 | ) | 79,110 | |||||
Net cash provided by operating activities |
484,504 | 931,332 | ||||||
CASH FLOWS FROM INVESTING ACTIVITIES |
||||||||
Acquisition of net assets of Keegan's Seafood Grille |
(1,150,000 | ) | - | |||||
Acquisition of net assets of Pie In The Sky Coffee and Bakery |
(1,159,600 | ) | ||||||
Acquisition of net assets of Village Bier Garten |
(690,000 | ) | - | |||||
Investment in Bagger Dave's Burger Tavern, Inc. |
(1,260,000 | ) | - | |||||
Purchase of property and equipment |
(349,739 | ) | (85,821 | ) | ||||
Investment in related Company |
(229,000 | ) | - | |||||
Purchase of marketable securities |
(808,619 | ) | - | |||||
Other assets |
(6,602 | ) | - | |||||
Net cash used in investing activities |
(5,653,560 | ) | (85,821 | ) | ||||
CASH FLOWS FROM FINANCING ACTIVITIES |
||||||||
Proceeds from long-term debt |
- | 3,107,100 | ||||||
Principal payment on long-term debt |
(125,738 | ) | (3,113,521 | ) | ||||
Proceeds from exercise of common stock warrants |
74,866 | - | ||||||
Payment of debt issuance costs |
- | (49,699 | ) | |||||
Payment of deferred offering costs |
- | (31,823 | ) | |||||
Net cash used in financing activities |
(50,872 | ) | (87,943 | ) | ||||
CHANGE IN CASH |
(5,219,928 | ) | 757,568 | |||||
CASH, BEGINNING OF PERIOD |
12,385,632 | 1,321,244 | ||||||
CASH, END OF PERIOD |
$ | 7,165,704 | $ | 2,078,812 |
39周结束 | ||||||||
2022年10月2日 | 2022年10月2日 | |||||||
经营活动的现金流 | ||||||||
净收益(亏损) |
$ | (224,531 | ) | $ | 583,267 | |||
将净收益(亏损)调整为经营活动提供的现金净额- |
||||||||
特许经营成本的折旧和摊销 |
306,584 | 173,799 | ||||||
无形资产摊销 |
44,500 | - | ||||||
计入利息支出的债务发行成本摊销 |
4,050 | |||||||
递延税金 |
(67,490 | ) | 58,000 | |||||
基于股票的薪酬 |
102,300 | - | ||||||
有价证券未实现亏损 |
155,220 | - | ||||||
贷款宽免 | (13,750 |
- |
||||||
权益损失法投资 |
135,813 | - | ||||||
经营性资产和负债的变动,扣除收购- |
||||||||
应收账款 |
14,648 | (12,721 | ) | |||||
库存 |
(15,755 | ) | (8,867 | ) | ||||
预付费用和其他流动资产 |
(23,189 | ) | (29,195 | ) | ||||
应付帐款 |
62,512 | 148,520 | ||||||
应计费用 |
204,600 | (116,136 | ) | |||||
应付所得税 |
(201,088 | ) | 79,110 | |||||
经营活动提供的净现金 |
484,504 | 931,332 | ||||||
投资活动产生的现金流 |
||||||||
收购Keegan‘s海鲜烧烤店净资产 |
(1,150,000 | ) | - | |||||
收购The Sky Coffee and Bakery的Pie in the Sky Coffee and Bakery |
(1,159,600 | ) | ||||||
收购Village Bier Garten的净资产 |
(690,000 | ) | - | |||||
投资于Bagger Dave‘s Burger Tivern,Inc. |
(1,260,000 | ) | - | |||||
购置财产和设备 |
(349,739 | ) | (85,821 | ) | ||||
对关联公司的投资 |
(229,000 | ) | - | |||||
购买有价证券 |
(808,619 | ) | - | |||||
其他资产 |
(6,602 | ) | - | |||||
用于投资活动的现金净额 |
(5,653,560 | ) | (85,821 | ) | ||||
融资活动产生的现金流 |
||||||||
长期债务收益 |
- | 3,107,100 | ||||||
长期债务的本金支付 |
(125,738 | ) | (3,113,521 | ) | ||||
行使普通股认股权证所得款项 |
74,866 | - | ||||||
支付债务发行成本 |
- | (49,699 | ) | |||||
支付递延发售费用 |
- | (31,823 | ) | |||||
用于融资活动的现金净额 |
(50,872 | ) | (87,943 | ) | ||||
现金零钱 |
(5,219,928 | ) | 757,568 | |||||
期初现金 |
12,385,632 | 1,321,244 | ||||||
期末现金 |
$ | 7,165,704 | $ | 2,078,812 |
SOURCE: BT Brands, Inc.
资料来源:英国电信品牌公司