Tofutti Brands (TOFB) 10-Q 17 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 02, 2016	May. 13, 2016
Document And Entity Information
Entity Registrant Name	TOFUTTI BRANDS INC
Entity Central Index Key	730,349
Document Type	10-Q
Document Period End Date	Apr. 2, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		5,153,706
Trading Symbol	TOF
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,016

Condensed Balance Sheets

Condensed Balance Sheets - USD ($) $ in Thousands	Apr. 02, 2016	Jan. 02, 2016
Current assets:
Cash and cash equivalents	$ 94	$ 55	[1]
Accounts receivable, net of allowance for doubtful accounts and sales promotions of $331 and $316 respectively	1,992	1,783	[1]
Inventories	1,895	1,473
Prepaid expenses	48	74	[1]
Deferred costs	97	101	[1]
Total current assets	4,126	3,486	[1]
Fixed assets (net of accumulated depreciation of $9 and $8, respectively)	20	21
Other assets	16	16	[1]
Total Assets	4,162	3,523	[1]
Current liabilities:
Note payable-current	6	5	[1]
Accounts payable	1,141	1,117	[1]
Accrued expenses	222	248	[1]
Deferred revenue	100	113	[1]
Total current liabilities	1,469	$ 1,483	[1]
Note payable-related party	500		[1]
Note payable-long term	14	$ 16
Total liabilities	$ 1,983	$ 1,499	[1]
Stockholders’ equity:
Preferred stock - par value $.01 per share; authorized 100,000 shares, none issued			[1]
Common stock - par value $.01 per share; authorized 15,000,000 shares, issued and outstanding 5,153,706 shares at April 2, 2016 and January 2, 2016	$ 52	$ 52	[1]
Additional paid-in capital	138	113	[1]
Retained earnings	1,989	1,859	[1]
Total stockholders’ equity	2,179	2,024	[1]
Total liabilities and stockholders’ equity	$ 4,162	$ 3,523	[1]
[1]	Derived from audited financial information.

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Apr. 02, 2016	Jan. 02, 2016
Statement of Financial Position [Abstract]
Allowance for doubtful accounts and sales promotions on accounts receivables	$ 331	$ 316
Accumulated depreciation on fixed assets	$ 9	$ 8
Preferred stock, par value	$ 0.01	$ .01
Preferred stock, shares authorized	100,000	100,000
Preferred stock, shares issued
Common stock, par value	$ .01	$ .01
Common stock, shares authorized	15,000,000	15,000,000
Common stock, shares issued	5,153,706	5,153,706
Common stock, shares outstanding	5,153,706	5,153,706

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2016	Mar. 28, 2015
Income Statement [Abstract]
Net sales	$ 3,742	$ 3,143
Cost of sales	2,503	2,398
Gross profit	1,239	745
Operating expenses:
Selling	384	400
Marketing	88	123
Research and development	133	140
General and administrative	493	454
Total operating expenses	1,098	1,117
Income (loss) before interest expense and income taxes	141	$ (372)
Interest expense	6
Income (loss) before income taxes	135	$ (372)
Income tax expense	5	5
Net income (loss)	$ 130	$ (377)
Weighted average common shares outstanding:
Basic	5,154	5,154
Diluted	5,154	5,154
Net income (loss) per common share
Basic	$ 0.03	$ (0.07)
Diluted	$ 0.03	$ (0.07)

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2016		Mar. 28, 2015
Statement of Cash Flows [Abstract]
Cash flows used in operating activities, net	$ (460)		$ (310)
Cash flows provided by (used in) financing, net	499		(2)
Net increase (decrease) in cash and cash equivalents	39		(312)
Cash and cash equivalents at beginning of period	55	[1]	341
Cash and cash equivalents at end of period	94		29
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid	$ 5		$ 5
[1]	Derived from audited financial information.

Liquidity and Capital Resources

Liquidity and Capital Resources	3 Months Ended
	Apr. 02, 2016
Liquidity and Capital Resources [Abstract]
Liquidity and Capital Resources	Note 1: Liquidity and Capital Resources At April 2, 2016, Tofutti Brands, Inc. (“Tofutti” or the “Company”) had approximately $94 in cash compared to $55 at January 2, 2016. Net cash used in operating activities for the thirteen weeks ended April 2, 2016 was $460 compared to $310 used in operating activities for the thirteen weeks ended March 28, 2015. Net cash provided by financing activities for the thirteen weeks ended April 2, 2016 was $499 compared to $2 used in financing activities for the thirteen weeks ended March 28, 2015. Net cash provided by operating activities for the thirteen weeks ended April 2, 2016 was primarily a result of the loan provided by the Company’s Chairman and Chief Executive Officer. The Company has historically financed operations and met capital requirements primarily through positive cash flow from operations. However, due to the net loss and cash used in operations for the year ended January 2, 2016 and in order to provide the Company with additional working capital, David Mintz, the Company’s Chairman and Chief Executive Officer, provided it with a loan on January 6, 2016 of $500 which is due on December 31, 2017. Commencing March 31, 2016, interest of 5% is payable on a quarterly basis without compounding. The loan may be prepaid in whole or in part at any time without premium or penalty. The loan is convertible into the Company’s common stock at a conversion price of $4.01 per share, the closing price of its common stock on the NYSE MKT on the date the promissory note was entered into. The Company’s ability to introduce and support successful new products may be adversely affected by a number of factors, such as unforeseen cost and expenses, economic environment, increased competition, and other factors beyond the Company’s control. Management cannot provide assurance that the Company will operate profitably in the future, or that it will not require significant additional financing in order to accomplish or exceed the objectives of its business plan. Consequently, the Company’s historical operating results cannot be relied on to be an indicator of future performance, and management cannot predict whether the Company will obtain or sustain positive operating cash flow or generate net income in the future.

Description of Business

Description of Business	3 Months Ended
	Apr. 02, 2016
Accounting Policies [Abstract]
Description of Business	Note 2: Description of Business Tofutti is engaged in one business segment, the development, production and marketing of non-dairy frozen desserts and other food products. The Company reports on operating segments in accordance with standards for public companies to report information about operating segments and geographic distribution of sales in financial statements. While the Company has multiple products and or product groups, its goal is to focus on non-dairy foods. The Company’s chief operating decision maker tracks revenue by product groups, but does not track more granular operating results by product group as many of the ingredients are similar amongst these groups. As a result, the Company has determined that it has only one operating segment, which is the development, production and marketing of soy-based, non-dairy frozen desserts, frozen food products and soy-based cheese products.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Apr. 02, 2016
Accounting Policies [Abstract]
Basis of Presentation	Note 3: Basis of Presentation The accompanying financial information is unaudited, but, in the opinion of management, reflects all adjustments (which include only normally recurring adjustments) necessary to present fairly the Company’s financial position, operating results and cash flows for the periods presented. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission. The condensed balance sheet amounts as of January 2, 2016 are derived from our audited financial statements for the year ended January 2, 2016. The financial information should be read in conjunction with the audited financial statements and notes thereto for the year ended January 2, 2016 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission. The results of operations for the thirteen week period ended April 2, 2016 are not necessarily indicative of the results to be expected for the full year or any other period. The Company’s fiscal year is either a fifty-two or fifty-three week period which ends on the Saturday closest to December 31 st

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Apr. 02, 2016
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 4: Recent Accounting Pronouncements In March 2016, the FASB issued ASU 2016-09, Stock Compensation, which simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The guidance is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company is currently evaluating the impact of adopting this guidance on its financial statements.

Inventories

Inventories	3 Months Ended
	Apr. 02, 2016
Inventory Disclosure [Abstract]
Inventories	Note 5: Inventories The composition of inventories is as follows: April 2, 2016 January 2, 2016 Finished products $ 1,322 $ 1,007 Raw materials and packaging 573 466 $ 1,895 $ 1,473

Income Taxes

Income Taxes	3 Months Ended
	Apr. 02, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Note 6: Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. As of the periods ended April 2, 2016 and January 2, 2016, the Company recorded a full valuation allowance on its deferred tax asset balances.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Apr. 02, 2016
Net income (loss) per common share
Earnings Per Share	Note 7: Earnings Per Share Basic earnings per common share has been computed by dividing net income (loss) by the weighted average number of common shares outstanding. Diluted earnings per common share for the periods ended April 2, 2016 and March 28, 2015 have been computed by dividing net income (loss) by the weighted average number of common shares outstanding and common stock equivalents, which include options outstanding during the same period. Not included in the calculation for April 2, 2016 were 80,000 non-qualified options granted to directors that were antidilutive because the market price of the common stock as of April 2, 2016 was less than the exercise prices of any of these options. The following table sets forth the computation of basic and diluted earnings per share: Thirteen Weeks Ended April 2, 2016 Thirteen Weeks Ended March 28, 2015 Numerator Net income (loss)-basic $ 130 $ (377 ) Net income (loss)-diluted $ 136 $ (377 ) Denominator Basic earnings per share weighted average shares 5,154 5,154 Diluted earnings per share weighted average shares 5,154 5,154 Income (loss) per share Basic $ 0.03 $ (0.07 ) Diluted $ 0.03 $ (0.07 )

Fixed Assets

Fixed Assets	3 Months Ended
	Apr. 02, 2016
Property, Plant and Equipment [Abstract]
Fixed Assets	Note 8: Fixed Assets Fixed assets consist of the following: April 2, 2016 January 2, 2016 Automobile $ 29 $ 29 Less: accumulated depreciation (9 ) (8 ) Fixed assets, net $ 20 $ 21 Depreciation expense for the thirteen weeks ended April 2, 2016 was $1. Depreciation expense for the thirteen weeks ended March 28, 2015 was $2.

Share Based Compensation

Share Based Compensation	3 Months Ended
	Apr. 02, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share Based Compensation	Note 9: Share Based Compensation On June 10, 2014, the shareholders of the Company approved the 2014 Equity Incentive Plan (the “2014 Plan”). The 2014 Plan provides for grants of various types of awards that are designed to attract and retain highly qualified personnel who will contribute to the success of the Company and to provide incentives to participants in the 2014 Plan that are linked directly to increases in shareholder value which will therefore inure to the benefit of all shareholders of the Company. The Company intends to rely on a combination of multi-year performance awards, options and other stock-based awards for these purposes. The 2014 Plan made 250,000 shares of common stock available for awards. The 2014 Plan also permits performance-based 2014 awards paid under it to be tax deductible under Section 162(m) of the Internal Revenue Code of 1986, as amended, as “performance-based compensation.” As of April 2, 2016, the Company issued 80,000 non-qualified stock option awards under the 2014 Plan. The following is a summary of stock option activity from January 2, 2016 to April 2, 2016: Non-Qualified Options Shares Weighted Average Exercise Price ($) Outstanding at January 2, 2016 80,000 4.42 Exercised as of April 2, 2016 — — Outstanding at April 2, 2016 80,000 4.42 Exercisable at April 2, 2016 53,336 4.42 The following table summarizes information about stock options outstanding at April 2, 2016: Range of Exercise Prices ($) Number Outstanding Weighted Average Remaining Life (in years) Weighted Average Exercise Price($) Number Exercisable 4.39-4.46 80,000 3.97 4.42 53,334 The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing formula. Expected volatilities and risk-free interest rates are based upon the expected life of the grant. The interest rates used are the U.S. Treasury yield curve in effect at the time of the grant. There were no options granted during the thirteen weeks ended April 2, 2016. As of April 2, 2016, the intrinsic value of the options outstanding and exercisable was immaterial. As of April 2, 2016, there was approximately $68 of total unrecognized compensation cost that will be recognized through January 2, 2017 related to non-vested share-based compensation arrangements granted under the Plan. For the thirteen weeks ended April 2, 2016 stock compensation expense was $25.

Note Payable

Note Payable	3 Months Ended
	Apr. 02, 2016
Debt Disclosure [Abstract]
Note Payable	Note 10: Notes Payable In September 2014, the Company obtained an auto loan of approximately $29 from a bank. The loan requires 60 monthly payments of $0.535 through August 2019. Interest is charged at a fixed nominal rate of 4.64%. The loan is collateralized by the underlying automobile. April 2, 2016 January 2, 2016 Note payable $ 20 $ 21 Less current maturity 6 5 Note payable, net of current maturity $ 14 $ 16 On January 6, 2016, David Mintz, the Company’s Chairman and Chief Executive, provided it with a loan of $500 which is due on December 31, 2017. Commencing March 31, 2016, interest of 5% is payable on a quarterly basis without compounding. The loan may be prepaid in whole or in part at any time without premium or penalty. The loan is convertible into the Company’s common stock at a conversion price of $4.01 per share, the closing price of its common stock on the NYSE MKT on the date the promissory note was entered into. In any event of default, as defined in the promissory note, without any action on the part of Mr. Mintz, the interest rate will increase to 12% per annum and the entire principal and interest balance under the loan, and all of the Company’s other obligations under the loan, will be immediately due and payable, and Mr. Mintz will be entitled to seek and institute any and all remedies available to him. April 2, 2016 January 2, 2016 Note payable-related party $ 500 — Less current maturity — — Note payable related party, net of current maturity $ 500 —

Sales by Geographic Region and

Sales by Geographic Region and Product Category	3 Months Ended
	Apr. 02, 2016
Segment Reporting [Abstract]
Sales by Geographic Region and Product Category	Note 11: Sales by Geographic Region and Product Category Revenues by geographical region are as follows (in thousands): April 2, 2016 March 28, 2015 Americas $ 3,331 $ 3,368 Europe 117 286 Asia Pacific and Africa 155 108 Middle East 139 95 $ 3,742 $ 3,143 Approximately 93% and 95% of the Americas revenue in the 2016 and the 2015 periods is attributable to sales in the United States. All of the Company’s assets are located in the United States. Net sales by major product category (in thousands): April 2, 2016 March 28, 2015 Frozen Desserts $ 972 $ 897 Cheeses 2,723 2,174 Frozen Foods 47 72 $ 3,742 $ 3,143

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Apr. 02, 2016
Inventory Disclosure [Abstract]
Schedule of Inventories	The composition of inventories is as follows: April 2, 2016 January 2, 2016 Finished products $ 1,322 $ 1,007 Raw materials and packaging 573 466 $ 1,895 $ 1,473

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Apr. 02, 2016
Net income (loss) per common share
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the computation of basic and diluted earnings per share: Thirteen Weeks Ended April 2, 2016 Thirteen Weeks Ended March 28, 2015 Numerator Net income (loss)-basic $ 130 $ (377 ) Net income (loss)-diluted $ 136 $ (377 ) Denominator Basic earnings per share weighted average shares 5,154 5,154 Diluted earnings per share weighted average shares 5,154 5,154 Income (loss) per share Basic $ 0.03 $ (0.07 ) Diluted $ 0.03 $ (0.07 )

Fixed Assets (Tables)

Fixed Assets (Tables)	3 Months Ended
	Apr. 02, 2016
Property, Plant and Equipment [Abstract]
Schedule of Fixed Assets	Fixed assets consist of the following: April 2, 2016 January 2, 2016 Automobile $ 29 $ 29 Less: accumulated depreciation (9 ) (8 ) Fixed assets, net $ 20 $ 21

Share Based Compensation (Table

Share Based Compensation (Tables)	3 Months Ended
	Apr. 02, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule for Stock Option Activity	The following is a summary of stock option activity from January 2, 2016 to April 2, 2016: Non-Qualified Options Shares Weighted Average Exercise Price ($) Outstanding at January 2, 2016 80,000 4.42 Exercised as of April 2, 2016 — — Outstanding at April 2, 2016 80,000 4.42 Exercisable at April 2, 2016 53,336 4.42
Schedule for Information of Stock Options Outstanding	The following table summarizes information about stock options outstanding at April 2, 2016: Range of Exercise Prices ($) Number Outstanding Weighted Average Remaining Life (in years) Weighted Average Exercise Price($) Number Exercisable 4.39-4.46 80,000 3.97 4.42 53,334

Note Payable (Tables)

Note Payable (Tables)	3 Months Ended
	Apr. 02, 2016
Schedule of Note Payable	The loan is collateralized by the underlying automobile. April 2, 2016 January 2, 2016 Note payable $ 20 $ 21 Less current maturity 6 5 Note payable, net of current maturity $ 14 $ 16
David Mintz Chairman and Chief Executive [Member]
Schedule of Note Payable	April 2, 2016 January 2, 2016 Note payable-related party $ 500 — Less current maturity — — Note payable related party, net of current maturity $ 500 —

Sales by Geographic Region an22

Sales by Geographic Region and Product Category (Tables)	3 Months Ended
	Apr. 02, 2016
Segment Reporting [Abstract]
Schedule of Revenues by Geographical Region	Revenues by geographical region are as follows (in thousands): April 2, 2016 March 28, 2015 Americas $ 3,331 $ 3,368 Europe 117 286 Asia Pacific and Africa 155 108 Middle East 139 95 $ 3,742 $ 3,143
Summary of Net Sales by Major Product Category	Net sales by major product category (in thousands): April 2, 2016 March 28, 2015 Frozen Desserts $ 972 $ 897 Cheeses 2,723 2,174 Frozen Foods 47 72 $ 3,742 $ 3,143

Liquidity and Capital Resourc23

Liquidity and Capital Resources (Detail Narrative) - USD ($) $ / shares in Units, $ in Thousands	Jan. 06, 2016	Apr. 02, 2016	Mar. 28, 2015	Jan. 02, 2016	[1]	Dec. 26, 2014
Cash and cash equivalents		$ 94	$ 29	$ 55		$ 341
Net cash used in operating activities		460	310
Net cash used in financing activities		$ 499	$ 2
David Mintz [Member]
Loan payable	$ 500
Loan payable due date	Dec. 31, 2017
Loan payable commencing date	Mar. 31, 2016
Loan payable interest rate	5.00%
Loan convertible into common stock at conversion price per share	$ 4.01
[1]	Derived from audited financial information.

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Apr. 02, 2016	Jan. 02, 2016
Inventory Disclosure [Abstract]
Finished products	$ 1,322	$ 1,007
Raw materials and packaging	573	466
Inventories, net	$ 1,895	$ 1,473

Earnings Per Share (Details Nar

Earnings Per Share (Details Narrative)	3 Months Ended
	Apr. 02, 2016shares
Earnings Per Share Details Narrative
Non-qualified options granted to directors antidilutive	80,000

Earnings Per Share - Computatio

Earnings Per Share - Computation of basic and diluted earnings (loss) per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 02, 2016	Mar. 28, 2015
Net income (loss) per common share
Numerator: Net income (loss)-basic	$ 130	$ (377)
Numerator: Net income (loss)-basic	$ 136	$ (377)
Denominator: Basic earnings per share weighted average shares	5,154	5,154
Denominator: Diluted earnings per share weighted average shares	5,154	5,154
Income (loss) per share: Basic	$ 0.03	$ (0.07)
Income (loss) per share: Diluted	$ 0.03	$ (0.07)

Fixed Assets (Detail Narrative)

Fixed Assets (Detail Narrative) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2016	Mar. 28, 2015
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 1	$ 2

Fixed Assets - Schedule of Fixe

Fixed Assets - Schedule of Fixed Assets (Details) - USD ($) $ in Thousands	Apr. 02, 2016	Jan. 02, 2016
Less: accumulated depreciation	$ (9)	$ (8)
Fixed assets, net	20	21
Automobiles [Member]
Fixed assets, gross	$ 29	$ 29

Share Based Compensation (Detai

Share Based Compensation (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2016	Jan. 02, 2016	Jun. 10, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option issued under award	80,000	80,000
Options granted
Total unrecognized compensation cost of non-vested share-based awards	$ 68
Stock compensation expense	$ 25
Equity Incentive Plan 2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock available for awards			250,000
Equity Incentive Plan 2014 [Member] | Non Qualified Stock Option Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option issued under award	80,000

Share Based Compensation - Sche

Share Based Compensation - Schedule for Stock Option Activity (Details)	3 Months Ended
	Apr. 02, 2016$ / sharesshares
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Shares Outstanding Beginning Balance | shares	80,000
Shares Exercised | shares
Shares Outstanding Ending Balance | shares	80,000
Shares Exercisable | shares	53,336
Weighted Average Exercise Price Outstanding Beginning Balance | $ / shares	$ 4.42
Weighted Average Exercise Price Exercised | $ / shares
Weighted Average Exercise Price Outstanding Ending Balance | $ / shares	$ 4.42
Weighted Average Exercise Price Exercisable | $ / shares	$ 4.42

Share Based Compensation - Sc31

Share Based Compensation - Schedule for Information of Stock Options Outstanding (Details)	3 Months Ended
	Apr. 02, 2016$ / sharesshares
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Range of Exercise Prices lower limit	$ 4.39
Range of Exercise Prices upper limit	$ 4.46
Number Outstanding | shares	80,000
Weighted Average Remaining Life	3 years 11 months 19 days
Weighted Average Exercise Price	$ 4.42
Number Exercisable | shares	53,334

Note Payable (Details Narrative

Note Payable (Details Narrative) $ / shares in Units, $ in Thousands	Jan. 06, 2016USD ($)$ / shares	Sep. 30, 2014USD ($)Installment	Apr. 02, 2016USD ($)	Mar. 31, 2016	Jan. 02, 2016USD ($)
Note payable, principle amount			$ 20		$ 21
David Mintz [Member]
Fixed interest rate	5.00%
Loan payable	$ 500
Due date	Dec. 31, 2017
Percentage of interst payable on quarterly basis without compounding				5.00%
Conversion price per share | $ / shares	$ 4.01
Percentage of interest rate increase per annum	12.00%
Auto Loan [Member]
Note payable, principle amount		$ 29
Monthly payments | Installment		60
Periodic payment on note payable		requires 60 monthly payments of $0.535 through August 2019
Fixed interest rate		4.64%

Note Payable - Schedule of Note

Note Payable - Schedule of Note Payable (Details) - USD ($) $ in Thousands	Apr. 02, 2016	Jan. 02, 2016
Note payable	$ 20	$ 21
Less current maturity	6	5	[1]
Note payable, net of current maturity	14	$ 16
David Mintz Chairman and Chief Executive [Member]
Note payable	$ 500
Less current maturity
Note payable, net of current maturity	$ 500
[1]	Derived from audited financial information.

Sales by Geographic Region an34

Sales by Geographic Region and Product Category (Details Narrative)	3 Months Ended
	Apr. 02, 2016	Apr. 02, 2015
Americas [Member]
Percentage of revenue	93.00%	95.00%

Sales by Geographic Region an35

Sales by Geographic Region and Product Category - Schedule of Revenues by Geographical Region (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2016	Mar. 28, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues by geography	$ 3,742	$ 3,143
Americas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues by geography	3,331	3,368
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues by geography	117	286
Asia Pacific And Africa [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues by geography	155	108
Middle East [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues by geography	$ 139	$ 95

Sales by Geographic Region an36

Sales by Geographic Region and Product Category - Schedule of Net Sales by Major Product Category (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2016	Mar. 28, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 3,742	$ 3,143
Frozen Desserts [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	972	897
Cheeses [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	2,723	2,174
Frozen Foods [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 47	$ 72