Tofutti Brands (TOFB) 10-Q 15 Nov 16 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 01, 2016	Nov. 14, 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	Oct. 1, 2016
Amendment Flag	false
Current Fiscal Year End Date	--01-02
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		5,153,706
Trading Symbol	TOF
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,017

Condensed Balance Sheets

Condensed Balance Sheets - USD ($) $ in Thousands	Oct. 01, 2016	Jan. 02, 2016	[1]
Current assets:
Cash and cash equivalents	$ 197	$ 55
Accounts receivable, net of allowance for doubtful  accounts and sales promotions of $361 and $316 respectively	2,503	1,783
Inventories	1,616	1,473
Prepaid expenses	51	74
Deferred costs	99	101
Total current assets	4,466	3,486
Fixed assets (net of accumulated depreciation of $12 and $8, respectively)	17	21
Other assets	16	16
Total Assets	4,499	3,523
Current liabilities:
Note payable-current	6	5
Accounts payable	1,118	1,117
Accrued expenses	352	248
Deferred revenue	107	113
Total current liabilities	1,583	1,483
Convertible note payable-related party	500
Note payable-long term	11	16
Total liabilities	2,094	1,499
Commitments and contingencies
Stockholders' equity:
Preferred stock - par value $.01 per share; authorized 100,000 shares, none issued
Common stock - par value $.01 per share; authorized 15,000,000 shares, issued and outstanding 5,153,706 shares at October 1, 2016 and January 2, 2016	52	52
Additional paid-in capital	138	113
Retained earnings	2,215	1,859
Total stockholders' equity	2,405	2,024
Total liabilities and stockholders' equity	$ 4,499	$ 3,523
[1]	Derived from audited financial information.

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 01, 2016	Jan. 02, 2016
Statement of Financial Position [Abstract]
Allowance for doubtful accounts and sales promotions on accounts receivables	$ 361	$ 316
Accumulated depreciation on fixed assets	$ 12	$ 8
Preferred stock, par value	$ .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		9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015	Oct. 01, 2016	Oct. 03, 2015
Income Statement [Abstract]
Net sales	$ 3,606	$ 3,671	$ 10,902	$ 10,438
Cost of sales	2,498	2,796	7,371	7,741
Gross profit	1,108	875	3,531	2,697
Operating expenses:
Selling and warehouse	355	386	1,087	1,136
Marketing	43	74	174	277
Research and development	60	106	309	389
General and administrative	612	435	1,580	1,413
Total operating expenses	1,070	1,001	3,150	3,215
Income (loss) before interest expense	38	(126)	381	(518)
Interest expense	6		19
Income (loss) before income tax	32	(126)	362	(518)
Income tax expense			6	8
Net income (loss)	$ 32	$ (126)	$ 356	$ (526)
Weighted average common shares outstanding:
Basic	5,154	5,154	5,154	5,154
Diluted	5,154	5,154	5,154	5,154
Net income (loss) per common share:
Basic	$ 0.01	$ (0.02)	$ 0.07	$ (0.10)
Diluted	$ 0.01	$ (0.02)	$ 0.07	$ (0.10)

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Oct. 01, 2016		Oct. 03, 2015
Statement of Cash Flows [Abstract]
Cash used in operating activities, net	$ (354)		$ (200)
Cash provided by (used in) financing activities, net	496		(5)
Net increase (decrease) in cash and cash equivalents	142		(205)
Cash and cash equivalents at beginning of period	55	[1]	341
Cash and cash equivalents at end of period	197		136
Supplemental cash flow information:
Income taxes paid	6		8
Interest paid	$ 13
[1]	Derived from audited financial information.

Liquidity and Capital Resources

Liquidity and Capital Resources	9 Months Ended
	Oct. 01, 2016
Liquidity and Capital Resources [Abstract]
Liquidity and Capital Resources	Note 1: Liquidity and Capital Resources At October 1, 2016, Tofutti Brands, Inc. (“Tofutti” or the “Company”) had approximately $197 in cash compared to $55 at January 2, 2016. Net cash used in operating activities for the thirty-nine weeks ended October 1, 2016 was $354 compared to $200 used in operating activities for the forty weeks ended October 3, 2015. Net cash provided by financing activities for the thirty-nine weeks ended October 1, 2016 was $496 compared to $5 used in financing activities for the forty weeks ended October 3, 2015. Net cash provided by financing activities for the thirty-nine weeks ended October 1, 2016 was primarily a result of the loan provided by the Company’s Chairman and Chief Executive Officer. Net cash used in operating activities for the thirty-nine weeks ended October 1, 2016 was due primarily to the significant increase in accounts receivable and inventory, which were partially offset by the net income for the period as well as an increase in accrued expenses. 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 the Company’s common stock 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. On September 30, 2016, the Company announced that it had engaged a financial advisor and is pursuing strategic alternatives to enhance shareholder value, including a possible sale or other form of business combination. There can be no assurance that any transaction will be consummated.

Description of Business

Description of Business	9 Months Ended
	Oct. 01, 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	9 Months Ended
	Oct. 01, 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 and thirty-nine week periods ended October 1, 2016 are not necessarily indicative of the results to be expected for the full year or any other period. The Company operates on a fiscal year which ends on the Saturday closest to December 31st. The 2015 fiscal year was a fifty-three week year ended January 2, 2016, and the Company elected to incorporate the additional week into the 2015 third quarter, resulting in fourteen and forty week periods in fiscal 2015.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Oct. 01, 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	9 Months Ended
	Oct. 01, 2016
Inventory Disclosure [Abstract]
Inventories	Note 5: Inventories The composition of inventories is as follows: October 1, 2016 January 2, 2016 Finished products $ 999 $ 1,007 Raw materials and packaging 617 466 $ 1,616 $ 1,473

Income Taxes

Income Taxes	9 Months Ended
	Oct. 01, 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 October 1, 2016 and January 2, 2016, the Company recorded a full valuation allowance on its deferred tax asset balances.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Oct. 01, 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 October 1, 2016 and October 3, 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 October 1, 2016 were 80,000 non-qualified options granted to directors that were antidilutive because the market price of the common stock as of October 1, 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 October 1, 2016 Fourteen Weeks Ended October 3, 2015 Thirty-nine Weeks Ended October 1, 2016 Forty Weeks Ended October 3, 2015 Numerator Net income (loss)-basic $ 32 $ (126 ) $ 356 $ (526 ) Net income (loss)-diluted $ 32 $ (126 ) $ 356 $ (526 ) Denominator Basic earnings per share weighted average shares 5,153,706 5,153,706 5,153,706 5,153,706 Diluted earnings per share weighted average shares 5,153,706 5,153,706 5,153,706 5,153,706 Income (loss) per common share Basic $ 0.01 $ (0.02 ) $ 0.07 $ (0.10 ) Diluted $ 0.01 $ (0.02 ) $ 0.07 $ (0.10 )

Fixed Assets

Fixed Assets	9 Months Ended
	Oct. 01, 2016
Property, Plant and Equipment [Abstract]
Fixed Assets	Note 8: Fixed Assets Fixed assets consist of the following: October 1, 2016 January 2, 2016 Automobile $ 29 $ 29 Less: accumulated depreciation (12) (8) Fixed assets, net $ 17 $ 21 Depreciation expense for the thirteen and thirty-nine weeks ended October 1, 2016 was $1 and $4, respectively. Depreciation expense for the fourteen and forty weeks ended October 3, 2015 was $2 and $5, respectively.

Stock Based Compensation

Stock Based Compensation	9 Months Ended
	Oct. 01, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Based Compensation	Note 9: Stock 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 October 1, 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 October 1, 2016: Non-Qualified Options Shares Weighted Average Exercise Price ($) Outstanding at January 2, 2016 80,000 4.42 Exercised as of October 1, 2016 — — Outstanding at October 1, 2016 80,000 4.42 Exercisable at October 1, 2016 53,336 4.42 The following table summarizes information about stock options outstanding at October 1, 2016: Range of Exercise Prices ($) Number Outstanding Weighted Average Remaining Life (in years) Weighted Average Exercise Price($) Number Exercisable 4.39 – 4.46 80,000 3.47 4.42 53,336 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 and thirty-nine weeks ended October 1, 2016. As of October 1, 2016, the intrinsic value of the options outstanding and exercisable was immaterial. As of October 1, 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 and thirty-nine weeks ended October 1, 2016, stock compensation expense was $0 and $25, respectively.

Notes Payable

Notes Payable	9 Months Ended
	Oct. 01, 2016
Debt Disclosure [Abstract]
Notes 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. October 1, 2016 January 2, 2016 Note payable $ 17 $ 21 Less current maturity 6 5 Note payable, net of current maturity $ 11 $ 16 Related Party 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 the Company’s common stock 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. October 1, 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	9 Months Ended
	Oct. 01, 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): Thirteen Weeks ended October 1, 2016 Fourteen Weeks ended October 3, 2015 Thirty-nine Weeks ended October 1, 2016 Forty Weeks ended October 3, 2015 Revenues by geography: Americas $ 3,225 $ 3,357 $ 9,783 $ 9,388 Europe 184 164 496 510 Asia Pacific and Africa 106 70 308 258 Middle East 91 80 315 282 $ 3,606 $ 3,671 $ 10,902 $ 10,438 Approximately 95% of the Americas revenue in the 2016 thirteen week period and 93% of the Americas revenue in 2015 fourteen week period is attributable to sales in the United States. Approximately 90% of the Americas revenue in the 2016 thirty-nine week period and 93% of the Americas revenue in 2015 forty week period 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): Thirteen Weeks ended October 1, 2016 Fourteen Weeks ended October 3, 2015 Thirty-nine Weeks ended October 1, 2016 Forty Weeks ended October 3, 2015 Cheeses $ 2,423 $ 2,289 $ 7,563 $ 6,883 Frozen Desserts 1,131 1,238 3,200 3,081 Frozen Foods 52 144 139 474 $ 3,606 $ 3,671 $ 10,902 $ 10,438

Subsequent Events

Subsequent Events	9 Months Ended
	Oct. 01, 2016
Subsequent Events [Abstract]
Subsequent Events	Note 12: Subsequent Events Subsequent to the period end, the Company resolved a wrongful termination claim, the costs of which have been included in the Company’s general and administrative expenses in the period.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Oct. 01, 2016
Inventory Disclosure [Abstract]
Schedule of Inventories	The composition of inventories is as follows: October 1, 2016 January 2, 2016 Finished products $ 999 $ 1,007 Raw materials and packaging 617 466 $ 1,616 $ 1,473

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Oct. 01, 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 October 1, 2016 Fourteen Weeks Ended October 3, 2015 Thirty-nine Weeks Ended October 1, 2016 Forty Weeks Ended October 3, 2015 Numerator Net income (loss)-basic $ 32 $ (126 ) $ 356 $ (526 ) Net income (loss)-diluted $ 32 $ (126 ) $ 356 $ (526 ) Denominator Basic earnings per share weighted average shares 5,153,706 5,153,706 5,153,706 5,153,706 Diluted earnings per share weighted average shares 5,153,706 5,153,706 5,153,706 5,153,706 Income (loss) per common share Basic $ 0.01 $ (0.02 ) $ 0.07 $ (0.10 ) Diluted $ 0.01 $ (0.02 ) $ 0.07 $ (0.10 )

Fixed Assets (Tables)

Fixed Assets (Tables)	9 Months Ended
	Oct. 01, 2016
Property, Plant and Equipment [Abstract]
Schedule of Fixed Assets	Fixed assets consist of the following: October 1, 2016 January 2, 2016 Automobile $ 29 $ 29 Less: accumulated depreciation (12) (8) Fixed assets, net $ 17 $ 21

Share Based Compensation (Table

Share Based Compensation (Tables)	9 Months Ended
	Oct. 01, 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 October 1, 2016: Non-Qualified Options Shares Weighted Average Exercise Price ($) Outstanding at January 2, 2016 80,000 4.42 Exercised as of October 1, 2016 — — Outstanding at October 1, 2016 80,000 4.42 Exercisable at October 1, 2016 53,336 4.42
Schedule for Information of Stock Options Outstanding	The following table summarizes information about stock options outstanding at October 1, 2016: Range of Exercise Prices ($) Number Outstanding Weighted Average Remaining Life (in years) Weighted Average Price($) Number Exercisable 4.39 – 4.46 80,000 3.47 4.42 53,336

Note Payable (Tables)

Note Payable (Tables)	9 Months Ended
	Oct. 02, 2016	Oct. 01, 2016
Schedule of Note Payable		October 1, 2016 January 2, 2016 Note payable $ 17 $ 21 Less current maturity 6 5 Note payable, net of current maturity $ 11 $ 16
David Mintz Chairman and Chief Executive [Member]
Schedule of Note Payable	October 1, 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 an23

Sales by Geographic Region and Product Category (Tables)	9 Months Ended
	Oct. 01, 2016
Segment Reporting [Abstract]
Schedule of Revenues by Geographical Region	Revenues by geographical region are as follows (in thousands): Thirteen Weeks ended October 1, 2016 Fourteen Weeks ended October 3, 2015 Thirty-nine Weeks ended October 1, 2016 Forty Weeks ended October 3, 2015 Revenues by geography: Americas $ 3,225 $ 3,357 $ 9,783 $ 9,388 Europe 184 164 496 510 Asia Pacific and Africa 106 70 308 258 Middle East 91 80 315 282 $ 3,606 $ 3,671 $ 10,902 $ 10,438
Summary of Net Sales by Major Product Category	Net sales by major product category (in thousands): Thirteen Weeks ended October 1, 2016 Fourteen Weeks ended October 3, 2015 Thirty-nine Weeks ended October 1, 2016 Forty Weeks ended October 3, 2015 Cheeses $ 2,423 $ 2,289 $ 7,563 $ 6,883 Frozen Desserts 1,131 1,238 3,200 3,081 Frozen Foods 52 144 139 474 $ 3,606 $ 3,671 $ 10,902 $ 10,438

Liquidity and Capital Resourc24

Liquidity and Capital Resources (Detail Narrative) - USD ($) $ / shares in Units, $ in Thousands	Jan. 06, 2016	Oct. 01, 2016	Oct. 03, 2015	Jan. 02, 2016	[1]	Dec. 27, 2014
Cash and cash equivalents		$ 197	$ 136	$ 55		$ 341
Net cash used in operating activities		354	200
Net cash used in financing activities		$ 496	$ (5)
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	Oct. 01, 2016	Jan. 02, 2016
Inventory Disclosure [Abstract]
Finished products	$ 999	$ 1,007
Raw materials and packaging	617	466
Inventories, net	$ 1,616	$ 1,473	[1]
[1]	Derived from audited financial information.

Earnings Per Share (Details Nar

Earnings Per Share (Details Narrative)	9 Months Ended
	Oct. 01, 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		9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015	Oct. 01, 2016	Oct. 03, 2015
Net income (loss) per common share:
Numerator: Net income (loss)-basic	$ 32	$ (126)	$ 356	$ (526)
Numerator: Net income (loss)-diluted	$ 32	$ (126)	$ 356	$ (526)
Denominator: Basic earnings per share weighted average shares	5,154	5,154	5,154	5,154
Denominator: Diluted earnings per share weighted average shares	5,154	5,154	5,154	5,154
Income (loss) per share: Basic	$ 0.01	$ (0.02)	$ 0.07	$ (0.10)
Income (loss) per share: Diluted	$ 0.01	$ (0.02)	$ 0.07	$ (0.10)

Fixed Assets (Detail Narrative)

Fixed Assets (Detail Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015	Oct. 01, 2016	Oct. 03, 2015
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 1	$ 4	$ 2	$ 5

Fixed Assets - Schedule of Fixe

Fixed Assets - Schedule of Fixed Assets (Details) - USD ($) $ in Thousands	Oct. 02, 2016	Oct. 01, 2016	Jan. 02, 2016
Less: accumulated depreciation		$ (12)	$ (8)
Fixed assets, net		$ 17	21	[1]
Automobiles [Member]
Fixed assets, gross	$ 29		$ 29
[1]	Derived from audited financial information.

Stock Based Compensation (Detai

Stock Based Compensation (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 01, 2016	Oct. 01, 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	80,000
Options granted
Total unrecognized compensation cost of non-vested share-based awards	$ 68	$ 68
Stock compensation expense	$ 0	$ 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	80,000

Stock Based Compensation - Sche

Stock Based Compensation - Schedule for Stock Option Activity (Details)	9 Months Ended
	Oct. 01, 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

Stock Based Compensation - Sc32

Stock Based Compensation - Schedule for Information of Stock Options Outstanding (Details)	9 Months Ended
	Oct. 01, 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 5 months 19 days
Weighted Average Exercise Price	$ 4.42
Number Exercisable | shares	53,336

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) $ / shares in Units, $ in Thousands	Jan. 06, 2016USD ($)$ / shares	Sep. 30, 2014USD ($)Installment	Oct. 01, 2016USD ($)	Mar. 31, 2016	Jan. 02, 2016USD ($)
Note payable, principle amount			$ 17		$ 21
David Mintz [Member]
Fixed interest rate	5.00%
Loan payable	$ 500
Due date	Dec. 31, 2017
Percentage of interest 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%

Notes Payable - Schedule of Not

Notes Payable - Schedule of Note Payable (Details) - USD ($) $ in Thousands	Oct. 01, 2016	Jan. 02, 2016
Note payable	$ 17	$ 21
Less current maturity	6	5	[1]
Note payable, net of current maturity	11	16	[1]
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 an35

Sales by Geographic Region and Product Category (Details Narrative)	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015	Oct. 01, 2016	Oct. 03, 2015
Americas [Member]
Percentage of revenue	95.00%	93.00%	90.00%	93.00%

Sales by Geographic Region an36

Sales by Geographic Region and Product Category - Schedule of Revenues by Geographical Region (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015	Oct. 01, 2016	Oct. 03, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues by geography	$ 3,606	$ 3,671	$ 10,902	$ 10,438
Americas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues by geography	3,225	3,357	9,783	9,388
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues by geography	184	164	496	510
Asia Pacific And Africa [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues by geography	106	70	308	258
Middle East [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues by geography	$ 91	$ 80	$ 315	$ 282

Sales by Geographic Region an37

Sales by Geographic Region and Product Category - Schedule of Net Sales by Major Product Category (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Oct. 03, 2015	Oct. 01, 2016	Oct. 03, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 3,606	$ 3,671	$ 10,902	$ 10,438
Cheeses [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	2,423	2,289	7,563	6,883
Frozen Desserts [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	1,131	1,238	3,200	3,081
Frozen Foods [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 52	$ 144	$ 139	$ 474