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)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 5145581,41413255341
Cash and cash equivalents 5145581,41413255341
Receivables 1,8192,1281,7702,6261,7831,914
Inventory, net of allowances, customer advances and progress billings 1,9291,7141,4831,5651,4731,852
Inventory 1,9291,7141,4831,5651,4731,852
Prepaid expense    667471
Deferred costs  5486100101105
Other undisclosed current assets 1208272   
Total current assets: 4,3824,5364,8254,4893,4864,283
Noncurrent Assets
Operating lease, right-of-use asset 252
Property, plant and equipment 14512110152127
Deferred income tax assets 217
Other noncurrent assets 301616161616
Other undisclosed noncurrent assets  217    
Total noncurrent assets: 64435426313743
TOTAL ASSETS: 5,0264,8904,8514,5203,5234,326
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 5426401,0041,4261,3651,631
Accounts payable 1673684681,1481,1171,367
Accrued liabilities 375272536278248264
Debt   6655
Deferred revenue and credits94108113114
Total current liabilities: 5426401,1041,5401,4831,750
Noncurrent Liabilities
Long-term debt and lease obligation 156 4101622
Long-term debt, excluding current maturities   4101622
Operating lease, liability 156
Liabilities, other than long-term debt 500500500500  
Due to related parties 500500500500  
Total noncurrent liabilities: 6565005045101622
Total liabilities: 1,1981,1401,6082,0501,4991,772
Stockholders' equity
Stockholders' equity attributable to parent 3,8283,7503,2432,4702,0242,554
Common stock 525252525252
Additional paid in capital 207207207138113 
Retained earnings 3,5693,4912,9842,2801,8592,502
Total stockholders' equity: 3,8283,7503,2432,4702,0242,554
TOTAL LIABILITIES AND EQUITY: 5,0264,8904,8514,5203,5234,326

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 13,13013,06614,10714,47313,76414,353
Revenue, net14,10714,47313,76414,353
Cost of revenue
(Cost of Goods and Services Sold)
 (9,093)(8,962)(9,367)(9,882)(10,166)(11,062)
Other undisclosed gross profit      959
Gross profit: 4,0374,1044,7404,5913,5984,250
Operating expenses (3,929)(3,732)(3,990)(4,116)(4,318)(4,481)
Operating income (loss): 108372750475(720)(231)
Interest and debt expense (25)(25)(26)(26)(1) 
Income (loss) from continuing operations before income taxes: 83347724449(721)(231)
Income tax expense (benefit) (5)160(20)(28)7868
Net income (loss) available to common stockholders, diluted: 78507704421(643)(163)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): 78507704421(643)(163)
Comprehensive income (loss), net of tax, attributable to parent: 78507704421(643)(163)

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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