Tofutti Brands Inc (TOFB) Financial Statements (2024 and earlier)

Company Profile

Business Address 50 JACKSON DR
CRANFORD, NJ 07016
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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8371,0721,6981,459514558
Cash and cash equivalents8371,0721,6981,459514558
Receivables8281,3051,3362,0781,8192,128
Inventory, net of allowances, customer advances and progress billings2,4752,4631,8741,9971,9291,714
Inventory2,4752,4631,8741,9971,9291,714
Deferred costs      54
Other undisclosed current assets9380988812082
Total current assets:4,2334,9205,0065,6224,3824,536
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization3653   
Operating lease, right-of-use asset81158203224252
Property, plant and equipment    135145121
Deferred income tax assets24636711283217
Other noncurrent assets191921193016
Other undisclosed noncurrent assets      217
Total noncurrent assets:382597336461644354
TOTAL ASSETS:4,6155,5175,3426,0835,0264,890
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7781,239515871542640
Taxes payable46117  
Accounts payable237684122219167368
Accrued liabilities541555347535375272
Debt1515165112  
Other undisclosed current liabilities  41    
Total current liabilities:7931,295680983542640
Noncurrent Liabilities
Long-term debt and lease obligation233995176156 
Long-term debt, excluding current maturities    53  
Finance lease, liability2339   
Liabilities, other than long-term debt 785 500500500
Due to related parties  500500500
Operating lease, liability 78595123156
Other undisclosed noncurrent liabilities   (95)   
Total noncurrent liabilities:3012495676656500
Total liabilities:8231,4197751,6591,1981,140
Equity
Equity, attributable to parent3,7924,0984,5674,4243,8283,750
Common stock525252525252
Additional paid in capital323263207207207207
Retained earnings3,4173,7834,3084,1653,5693,491
Total equity:3,7924,0984,5674,4243,8283,750
TOTAL LIABILITIES AND EQUITY:4,6155,5175,3426,0835,0264,890

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues10,06812,82712,59013,81513,13013,066
Cost of revenue
(Cost of Goods and Services Sold)
(7,271)(10,485)(9,248)(9,562)(9,093)(8,962)
Gross profit:2,7972,3423,3424,2534,0374,104
Operating expenses(3,035)(3,258)(3,100)(3,377)(3,929)(3,732)
Operating income (loss):(238)(916)242876108372
Interest and debt expense(2)(2)(25)(25)(25)(25)
Income (loss) from continuing operations before equity method investments, income taxes:(240)(918)21785183347
Other undisclosed income (loss) from continuing operations before income taxes 165    
Income (loss) from continuing operations before income taxes:(240)(753)21785183347
Income tax expense (benefit)(126)228(74)(255)(5)160
Income (loss) from continuing operations:(366)(525)14359678507
Income before gain (loss) on sale of properties:14359678507
Net income (loss) available to common stockholders, basic:(366)(525)14359678507
Interest on convertible debt    25  
Net income (loss) available to common stockholders, diluted:(366)(525)14362178507

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(366)(525)14359678507
Comprehensive income (loss), net of tax, attributable to parent:(366)(525)14359678507

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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