NOTE 5 – LONG-TERM DEBT Our long-term debt is as follows: | | June 28, 2026 | | | December 28, 2025 | | Three notes payable to a bank dated June 28, 2021, due in monthly installments totaling $22,213, including principal and interest at a fixed rate of 3.45% through June 28, 2031. Beginning in July 2031, the interest rate will equal the greater of the “prime rate” plus .75%, or 3.45%. These notes mature on June 28, 2036. The notes are secured by mortgages covering seven owned properties, BT Brands and an officer of the Company, both of whom guarantee payment of the notes. | | $ | 2,020,855 | | | $ | 2,116,522 | | Less: unamortized debt issuance costs | | | (22,841 | ) | | | (25,399 | ) | Less: current maturities | | | (199,976 | ) | | | (191,531 | ) | | | | | | | | | | | | $ | 1,798,038 | | | $ | 1,899,592 | |
|