Tofutti Brands Inc (TOFB) financial statements (2020 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
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 5581,41413255341214
Cash and cash equivalents 5581,41413255341214
Receivables 2,1281,7702,6261,7831,9141,954
Inventory, net of allowances, customer advances and progress billings 1,7141,4831,5651,4731,8521,844
Inventory 1,7141,4831,5651,4731,8521,844
Prepaid expense   66747140
Deferred costs 5486100101105138
Other undisclosed current assets 8272    
Total current assets: 4,5364,8254,4893,4864,2834,190
Noncurrent Assets
Property, plant and equipment 12110152127 
Other noncurrent assets 161616161616
Other undisclosed noncurrent assets 217     
Total noncurrent assets: 3542631374316
TOTAL ASSETS: 4,8904,8514,5203,5234,3264,206
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 6401,0041,4261,3651,6311,336
Accounts payable 3684681,1481,1171,367877
Accrued liabilities 272536278248264459
Debt  6655 
Deferred revenue and credits94108113114153
Total current liabilities: 6401,1041,5401,4831,7501,489
Noncurrent Liabilities
Long-term debt and lease obligation  4101622 
Long-term debt, excluding current maturities  4101622 
Liabilities, other than long-term debt 500500500   
Due to related parties 500500500   
Total noncurrent liabilities: 5005045101622 
Total liabilities: 1,1401,6082,0501,4991,7721,489
Stockholders' equity
Stockholders' equity attributable to parent 3,7503,2432,4702,0242,5542,717
Common stock 525252525252
Additional paid in capital 207207138113  
Retained earnings 3,4912,9842,2801,8592,5022,665
Total stockholders' equity: 3,7503,2432,4702,0242,5542,717
TOTAL LIABILITIES AND EQUITY: 4,8904,8514,5203,5234,3264,206

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 13,06614,10714,47313,76414,35314,692
Revenue, net14,10714,47313,76414,35314,692
Cost of revenue
(Cost of Goods and Services Sold)
 (8,962)(9,367)(9,882)(10,166)(11,062)(11,826)
Other undisclosed gross profit     9591,099
Gross profit: 4,1044,7404,5913,5984,2503,965
Operating expenses (3,732)(3,990)(4,116)(4,318)(4,481)(4,864)
Operating income (loss): 372750475(720)(231)(899)
Interest and debt expense (25)(26)(26)(1)  
Income (loss) from continuing operations before income taxes: 347724449(721)(231)(899)
Income tax expense (benefit) 160(20)(28)7868(9)
Net income (loss) available to common stockholders, diluted: 507704421(643)(163)(908)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): 507704421(643)(163)(908)
Comprehensive income (loss), net of tax, attributable to parent: 507704421(643)(163)(908)

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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