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
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8377275764181,072965
Cash and cash equivalents8377275764181,072965
Receivables8289868479401,3051,175
Inventory, net of allowances, customer advances and progress billings2,4752,5472,4192,5872,4632,694
Inventory2,4752,5472,4192,5872,4632,694
Other undisclosed current assets938768668056
Total current assets:4,2334,3473,9104,0114,9204,890
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization3640434953 
Operating lease, right-of-use asset81100116140158119
Deferred income tax assets246183182357367245
Other noncurrent assets191919191919
Total noncurrent assets:382342360565597383
TOTAL ASSETS:4,6154,6894,2704,5765,5175,273
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7787854724011,239896
Taxes payable42
Accounts payable23749115265684359
Accrued liabilities541294320336555495
Debt1515151515 
Other undisclosed current liabilities    4141 
Total current liabilities:7938004874571,295896
Noncurrent Liabilities
Long-term debt and lease obligation23273136395
Finance lease, liability2327313639 
Liabilities, other than long-term debt 727416785 
Operating lease, liability 7274167855
Other undisclosed noncurrent liabilities      (5)
Total noncurrent liabilities:3054721031245
Total liabilities:8238545595601,419901
Equity
Equity, attributable to parent3,7923,8353,7114,0164,0984,372
Common stock525252525252
Additional paid in capital323310296283263207
Retained earnings3,4173,4733,3633,6813,7834,113
Total equity:3,7923,8353,7114,0164,0984,372
TOTAL LIABILITIES AND EQUITY:4,6154,6894,2704,5765,5175,273

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues2,3442,5152,7192,4903,4892,896
Cost of revenue
(Cost of Goods and Services Sold)
(1,606)(1,729)(2,052)(1,884)(2,959)(2,469)
Gross profit:738786667606530427
Operating expenses(817)(674)(848)(696)(959)(688)
Operating income (loss):(79)112(181)(90)(429)(261)
Interest and debt expense 1(1)(1)(1)  
Other undisclosed loss from continuing operations before equity method investments, income taxes     (2) 
Income (loss) from continuing operations before equity method investments, income taxes:(78)111(182)(91)(431)(261)
Other undisclosed loss from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(78)111(182)(91)(431)(261)
Income tax expense (benefit) 22(1)(136)(11)10169
Income (loss) from continuing operations:(56)110(318)(102)(330)(192)
Loss before gain (loss) on sale of properties:(192)
Net income (loss) attributable to parent:(56)110(318)(102)(330)(192)
Other undisclosed net income (loss) available to common stockholders, basic 14(14)  (195)192
Net income (loss) available to common stockholders, diluted:(42)96(318)(102)(525)(0)

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):(56)110(318)(102)(330)(192)
Comprehensive income (loss), net of tax, attributable to parent:(56)110(318)(102)(330)(192)

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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