Tofutti Brands Inc (TOFB) financial statements (2021 and earlier)

Company profile

Business Address 50 JACKSON DR
CRANFORD, NJ 07016
State of Incorp. DE
Fiscal Year End December 31
SIC 2024 - Ice Cream and Frozen Desserts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments527893591558465537761
Cash and cash equivalents527893591558465537761
Receivables2,0671,6081,6852,1281,9412,2122,384
Inventory, net of allowances, customer advances and progress billings1,8082,0782,3311,7141,8682,0011,980
Inventory1,8082,0782,3311,7141,8682,0011,980
Deferred costs   54565982
Other undisclosed current assets51646782648933
Total current assets:4,4534,6434,6744,5364,3944,8985,240
Noncurrent Assets
Operating lease, right-of-use asset277  
Property, plant and equipment14815015012113778
Other noncurrent assets1931733916161626
Other undisclosed noncurrent assets217217217217   
Total noncurrent assets:6616847063541532334
TOTAL ASSETS:5,1145,3275,3804,8904,5474,9215,274
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7609068726404236971,106
Accounts payable429580562368266458686
Accrued liabilities331326310272157239420
Debt      5
Deferred revenue and credits90
Other undisclosed current liabilities    6165 
Total current liabilities:7609068726404847621,201
Noncurrent Liabilities
Long-term debt and lease obligation183     3
Long-term debt, excluding current maturities      3
Operating lease, liability183  
Liabilities, other than long-term debt500500500500500500500
Due to related parties500500500500500500500
Other undisclosed noncurrent liabilities 210235    
Total noncurrent liabilities:683710735500500500503
Total liabilities:1,4431,6161,6071,1409841,2621,704
Stockholders' equity
Stockholders' equity attributable to parent3,6713,7113,7733,7503,5633,6593,570
Common stock52525252525252
Additional paid in capital207207207207207207207
Retained earnings3,4123,4523,5143,4913,3043,4003,311
Total stockholders' equity:3,6713,7113,7733,7503,5633,6593,570
TOTAL LIABILITIES AND EQUITY:5,1145,3275,3804,8904,5474,9215,274

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Revenues3,1223,1433,5013,0082,8413,4433,774
Revenue, net3,774
Cost of revenue
(Cost of Goods and Services Sold)
(2,230)(2,283)(2,518)(2,026)(2,013)(2,429)(2,494)
Gross profit:8928609839828281,0141,280
Operating expenses(926)(915)(948)(954)(918)(918)(942)
Operating income (loss):(34)(55)3528(90)96338
Interest and debt expense(6)(7)(6)(6)(6)(6)(6)
Income (loss) from continuing operations before income taxes:(40)(62)2922(96)90332
Income tax expense (benefit)  (6)165  (5)
Net income (loss) available to common stockholders, diluted:(40)(62)23187(96)90327

Comprehensive Income ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net income (loss):(40)(62)23187(96)90327
Comprehensive income (loss), net of tax, attributable to parent:(40)(62)23187(96)90327

Statements sources

The financial statements are based on the company's filings with the 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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