Tofutti Brands Inc (TOFB) Financial Statements (2025 and earlier)

Company Profile

Business Address 105 NEWFIELD AVENUE
EDISON, NJ 08837
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2024 - Ice Cream and Frozen Desserts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4628371,0721,6981,459514
Cash and cash equivalent4628371,0721,6981,459514
Receivables9898281,3051,3362,0781,819
Inventory, net of allowances, customer advances and progress billings1,8792,4752,4631,8741,9971,929
Inventory1,8792,4752,4631,8741,9971,929
Other undisclosed current assets11193809888120
Total current assets:3,4414,2334,9205,0065,6224,382
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization213653   
Operating lease, right-of-use asset34081158203224252
Property, plant and equipment     135145
Deferred income tax assets  24636711283217
Other noncurrent assets211919211930
Total noncurrent assets:382382597336461644
TOTAL ASSETS:3,8234,6155,5175,3426,0835,026
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5327781,239515871542
Taxes payable46117 
Accounts payable257237684122219167
Accrued liabilities275541555347535375
Debt161515165112 
Other undisclosed current liabilities   41   
Total current liabilities:5487931,295680983542
Noncurrent Liabilities
Long-term debt and lease obligation6233995176156
Long-term debt, excluding current maturities     53 
Finance lease, liability62339   
Liabilities, other than long-term debt283785 500500
Due to related parties  500500
Operating lease, liability28378595123156
Other undisclosed noncurrent liabilities    (95)  
Total noncurrent liabilities:2893012495676656
Total liabilities:8378231,4197751,6591,198
Equity
Equity, attributable to parent2,9863,7924,0984,5674,4243,828
Common stock525252525252
Additional paid in capital377323263207207207
Retained earnings2,5573,4173,7834,3084,1653,569
Total equity:2,9863,7924,0984,5674,4243,828
TOTAL LIABILITIES AND EQUITY:3,8234,6155,5175,3426,0835,026

Income Statement (P&L) ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues8,82010,06812,82712,59013,81513,130
Cost of revenue
(Cost of Product and Service Sold)
(6,569)(7,271)(10,485)(9,248)(9,562)(9,093)
Gross profit:2,2512,7972,3423,3424,2534,037
Operating expenses(2,858)(3,035)(3,258)(3,100)(3,377)(3,929)
Operating income (loss):(607)(238)(916)242876108
Interest and debt expense  (2)(2)(25)(25)(25)
Income (loss) from continuing operations before equity method investments, income taxes:(607)(240)(918)21785183
Other undisclosed income (loss) from continuing operations before income taxes(2) 165   
Income (loss) from continuing operations before income taxes:(609)(240)(753)21785183
Income tax expense (benefit)(251)(126)228(74)(255)(5)
Income (loss) from continuing operations:(860)(366)(525)14359678
Income before gain (loss) on sale of properties:14359678
Net income (loss) available to common stockholders, basic:(860)(366)(525)14359678
Interest on convertible debt     25 
Net income (loss) available to common stockholders, diluted:(860)(366)(525)14362178

Comprehensive Income ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):(860)(366)(525)14359678
Comprehensive income (loss), net of tax, attributable to parent:(860)(366)(525)14359678

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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