BT Brands completes acquisition of Pie in the Sky coffee shop and bakery

BT Brands, Inc.

Acquisition of substantially all assets of Pie in the Sky, Inc. completed on May 11, 2022.
Pie in the Sky's 2021 revenue: $1,981,954; net income: $1,438,023 (including $1,230,833 in grants).
Total assets $1,824,780 and total equity $1,718,292 as of Dec 31, 2021.
Qualified audit opinion: MACRS depreciation used; if GAAP straight-line applied, accumulated depreciation would decrease $18,168 and net income increase $7,022.

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