Tofutti Brands (TOFB) 10-Q 26 Jun 20 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 28, 2020	Jun. 21, 2020
Document And Entity Information
Entity Registrant Name	TOFUTTI BRANDS INC
Entity Central Index Key	0000730349
Document Type	10-Q
Document Period End Date	Mar. 28, 2020
Amendment Flag	false
Current Fiscal Year End Date	--01-02
Entity's Reporting Status Current	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		5,153,706
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2021

Condensed Balance Sheets

Condensed Balance Sheets - USD ($) $ in Thousands	Mar. 28, 2020	Dec. 28, 2019	[1]
Current assets:
Cash and cash equivalents	$ 908	$ 514
Accounts receivable, net of allowance for doubtful accounts and sales promotions of $442 and $407, respectively	1,344	1,819
Inventories	1,897	1,929
Prepaid expenses and other current assets	126	120
Total current assets	4,275	4,382
Deferred tax assets	217	217
Fixed assets (net of accumulated depreciation of $7 and $5, respectively)	143	145
Operating lease right-of-use assets	227	252
Other assets	36	30
Total assets	4,898	5,026
Current liabilities:
Accounts payable	6	167
Accrued expenses	385	375
Total current liabilities	391	542
Convertible note payable-long term-related party	500	500
Operating lease liabilities	129	156
Total liabilities	1,020	1,198
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 March 28, 2020 and December 28, 2019	52	52
Additional paid-in capital	207	207
Retained earnings	3,619	3,569
Total stockholders' equity	3,878	3,828
Total liabilities and stockholders' equity	$ 4,898	$ 5,026
[1]	Derived from audited financial information.

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 28, 2020	Dec. 28, 2019
Statement of Financial Position [Abstract]
Allowance for doubtful accounts and sales promotions on accounts receivable	$ 442	$ 407
Accumulated depreciation on fixed assets	$ 7	$ 5
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	100,000	100,000
Preferred stock, shares issued
Common stock, par value	$ 0.01	$ 0.01
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 ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 28, 2020	Mar. 30, 2019
Income Statement [Abstract]
Net sales	$ 3,226	$ 3,501
Cost of sales	2,230	2,518
Gross profit	996	983
Operating expenses:
Selling	307	397
Marketing	125	84
Research and development	90	58
General and administrative	411	409
Total operating expenses	933	948
Income before interest expense and income taxes	63	35
Interest expense	6	6
Income before income taxes	57	29
Income tax expense	7	6
Net income	$ 50	$ 23
Weighted average common shares outstanding:
Basic and diluted	5,154	5,154
Earnings per common share:
Basic and diluted	$ 0.01	$ 0

Condensed Statements of Changes

Condensed Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance at Dec. 29, 2018	$ 52	$ 207	$ 3,491	$ 3,750
Net income			23	23
Balance at Mar. 30, 2019	52	207	3,514	3,773
Balance at Dec. 28, 2019	52	207	3,569	3,828	[1]
Net income			50	50
Balance at Mar. 28, 2020	$ 52	$ 207	$ 3,619	$ 3,878
[1]	Derived from audited financial information.

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 28, 2020	Mar. 30, 2019
Statement of Cash Flows [Abstract]
Cash provided by operating activities, net	$ 394	$ 62
Cash used in investing activities, net		(29)
Net increase in cash and cash equivalents	394	33
Cash and cash equivalents at beginning of period	514	558
Cash and cash equivalents at end of period	908	591
Supplemental cash flow information:
Income taxes paid	7	6
Interest expenses paid	6	6
Operating cash flows supplemental information:
Cash paid for amounts in the measurement of the operating lease liability	26	25
Right of use assets obtained in exchange for operating lease liability		$ 362

Liquidity and Capital Resources

Liquidity and Capital Resources	3 Months Ended
	Mar. 28, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Liquidity and Capital Resources	Note 1: Liquidity and Capital Resources At March 28, 2020, Tofutti Brands, Inc. (“Tofutti” or the “Company”) had approximately $908 in cash compared to $514 at December 28, 2019. Net cash provided by operating activities for the thirteen weeks ended March 28, 2020 was $394 compared to $62 provided by operating activities for the thirteen weeks ended March 30, 2019. Net cash used in investing activities for the thirteen weeks ended March 28, 2020 was $0 compared to $29 used in investing activities for the thirteen weeks ended March 30, 2019. Net cash used in financing activities for both the thirteen weeks ended March 28, 2020 and March 30, 2019 was $0. The Company historically has primarily financed operations and met capital requirements through positive cash flow from operations. However, due to net losses and cash used in operations in prior years in order to provide the Company with additional working capital, on January 6, 2016, David Mintz, the Company’s Chairman and Chief Executive, provided it with a loan of $500. The original loan was convertible into shares of 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 first entered into. The loan, which has been extended until December 31, 2022 effective January 10, 2020, is convertible into the Company’s common stock at a conversion price of $1.77 per share, the closing price of the common stock on the OTCQB on the date the extension of the promissory note was entered into. See Note 10. The Company’s ability to introduce successful new products may be adversely affected by a number of factors, such as unforeseen cost and expenses, economic environment, increased competition, the inability to make sales calls due to travel restrictions imposed by governmental agencies in response to the spread of COVID-19 and other factors beyond the Company’s control. The Company’s ability to promote sales through promotional activities has also been constrained as many supermarkets are understaffed and unable to change pricing for items in stock, resulting in the cancelation of many sales promotional discounts for the foreseeable future. Trade food shows and sales conferences, major events used to introduce and sell the Company’s products, have been postponed indefinitely. 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. In addition, the continued spread of COVID-19 and the resulting economic downturn could materially and adversely affect the Company’s business and results of operations. 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. Small Business Administration Loan On May 4, 2020, the Company was granted a loan (the “Loan”) from the Valley National Bank in the aggregate amount of $165, pursuant to the Paycheck Protection Program under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which was enacted on March 27, 2020. The term of the loan is four years, with monthly payments due the first day of each month, beginning seven months from the date of initial disbursement, or December 1, 2020, whichever is earlier. Interest accrues at 1% per year, effective on the date of initial disbursement. In addition, a portion of the loan may be forgiven under provisions under the CARES Act based on payments for payroll, rent and utilities during the period subsequent to obtaining the loan.

Description of Business

Description of Business	3 Months Ended
	Mar. 28, 2020
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 among 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
	Mar. 28, 2020
Organization, Consolidation and Presentation of Financial Statements [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 results of operations for the thirteen week period ended March 28, 2020 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

New and Recently Adopted Accoun

New and Recently Adopted Accounting Standards	3 Months Ended
	Mar. 28, 2020
Accounting Changes and Error Corrections [Abstract]
New and Recently Adopted Accounting Standards	Note 4: New and Recently Adopted Accounting Standards In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments. The amendments in this Update require a new topic to be added (Topic 326) to the Accounting Standards Codification (“ASC”) and removes the thresholds that entities apply to measure credit losses on financial instruments measured at amortized cost, such as loans, trade receivables, reinsurance recoverables, and off-balance-sheet credit exposures, and held-to-maturity securities. Under current U.S. GAAP, entities generally recognize credit losses when it is probable that the loss has been incurred. The guidance under ASU 2016-13 will remove all current recognition thresholds and will require entities under the new current expected credit loss (“CECL”) model to recognize an allowance for credit losses for the difference between the amortized cost basis of a financial instrument and the amount of amortized cost that an entity expects to collect over the instrument’s contractual life. The new CECL model is based upon expected losses rather than incurred losses. Additionally, the credit loss recognition guidance for available-for-sale securities is amended and will require that credit losses on such debt securities should be recognized as an allowance for credit losses rather than a direct write-down of amortized cost balance. The ASU is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. We are currently evaluating the effect that this new guidance will have on our financial statements and related disclosures.

Inventories

Inventories	3 Months Ended
	Mar. 28, 2020
Inventory Disclosure [Abstract]
Inventories	Note 5: Inventories The composition of inventories is as follows: March 28, 2020 December 28 2019 Finished products $ 1,227 $ 1,187 Raw materials and packaging 670 742 $ 1,897 $ 1,929

Income Taxes

Income Taxes	3 Months Ended
	Mar. 28, 2020
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. The Company accounts for penalties or interest related to uncertain tax positions as part of its provision for income taxes.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 28, 2020
Earnings per common share:
Earnings Per Share	Note 7: Earnings Per Share Basic earnings per common share has been computed by dividing net income by the weighted average number of common shares outstanding. Diluted earnings per common share for the periods ended March 28, 2020 and March 30 2019 have been computed by dividing net income by the weighted average number of common shares outstanding and common stock equivalents, which include options and convertible notes outstanding during the same period. Not included in the calculations for the periods ended March 28, 2020 and March 30, 2019 were 80,000 non-qualified options granted to directors and a convertible note payable, as a consequence of their anti-dilutive effect. The following table sets forth the computation of basic and diluted earnings per share: Thirteen Weeks Ended March 28, 2020 Thirteen Weeks Ended March 30, 2019 Numerator Net income–basic and diluted $ 50 $ 23 Denominator Basic and diluted earnings per share weighted average shares 5,154 5,154 Earnings per share Basic and diluted $ 0.01 $ 0.00

Fixed Assets

Fixed Assets	3 Months Ended
	Mar. 28, 2020
Property, Plant and Equipment [Abstract]
Fixed Assets	Note 8: Fixed Assets Fixed assets consist of the following: March 28, 2020 December 28, 2019 Plant equipment $ 150 $ 150 Less: accumulated depreciation 7 5 Fixed assets, net $ 143 $ 145 Depreciation expense for the thirteen weeks ended March 28, 2020 and the thirteen weeks ended March 30, 2019 was $2 and $0, respectively.

Share Based Compensation

Share Based Compensation	3 Months Ended
	Mar. 28, 2020
Share-based Payment Arrangement [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 March 28, 2020, the Company had issued 80,000 non-qualified stock option awards under the 2014 Plan. 50,000 options expired on March 31, 2020, and another 30,000 options expired on June 9, 2020.

Note Payable

Note Payable	3 Months Ended
	Mar. 28, 2020
Debt Disclosure [Abstract]
Note Payable	Note 10: Note Payable Related Party On January 6, 2016, David Mintz, the Company’s Chairman and Chief Executive, provided the Company with a loan of $500. The loan, which was originally set to expire on December 31, 2017 has been extended to December 31, 2022 effective January 10, 2020. The original loan was convertible into shares of 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 first entered into. The extended loan is, at the option of the holder, convertible into the Company’s common stock at a conversion price of $1.77 per share, the closing price of the Company’s common stock on the date of the extension of the promissory note. No other terms of the loan were modified. 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. 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. March 28, 2020 December 28, 2019 Note payable-related party $ 500 $ 500 Less current maturity — — Note payable related party, net of current maturity $ 500 $ 500

Revenue

Revenue	3 Months Ended
	Mar. 28, 2020
Segment Reporting [Abstract]
Revenue	Note 11: Revenue Performance obligations relating to the delivery of food products are satisfied when the goods are shipped to the customer and net of all applicable discounts, as follows: Payment term discounts, off-invoice allowance, manufacturer chargeback, freight allowance, spoilage discounts, and product returns. Revenues by geographical region are as follows: March 28, 2020 March 30, 2019 Americas $ 3,077 $ 3,182 Europe 73 128 Asia Pacific and Africa — 115 Middle East 76 76 $ 3,226 $ 3,501 Approximately 93% of the Americas revenue in both the 2020 and the 2019 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: March 28, 2020 March 30, 2019 Frozen desserts and foods $ 412 $ 523 Vegan cheese products 2,814 2,978 $ 3,226 $ 3,501 Timing of revenue recognition: March 28, 2020 March 30, 2019 Products transferred at a point in time $ 3,226 $ 3,501 $ 3,226 $ 3,501

Leases

Leases	3 Months Ended
	Mar. 28, 2020
Leases [Abstract]
Leases	Note 12: Leases The Company’s facilities are located in a one-story facility in Cranford, New Jersey. The 6,200 square foot facility houses its administrative offices, a warehouse, walk-in freezer and refrigerator, and a product development laboratory and test kitchen. The Company’s original lease agreement expired on July 1, 1999, but it continues to occupy the premises on a monthly basis. Any changes by either the landlord or the Company remains subject to a six month notification period. The Company currently has no plans to enter into a long-term lease agreement for the facility. Rent expense was $19 in the thirteen weeks ended March 28, 2020 and $27 in the thirteen weeks ended March 30, 2019. The Company’s management believes that the Cranford facility will continue to satisfy its space requirements for the foreseeable future and that if necessary, such space can be replaced without a significant impact to the business. The Company rents warehouse storage space at various outside facilities. Outside warehouse expenses amounted to $114 for both the thirteen weeks ended March 28, 2020 and March 30, 2019. Under Topic 842, operating lease expense is generally recognized evenly over the term of the lease. The Company has operating leases primarily consisting of facilities with remaining lease terms of approximately two to four years. The Company does not have the option to terminate the leases early. Leases with an initial term of twelve months or less are not recorded on the balance sheet. For lease agreements entered into or reassessed after the adoption of Topic 842, the Company has combined the lease and non-lease components in determining the lease liabilities and ROU assets. The Company’s lease agreements generally do not provide an implicit borrowing rate; therefore, an internal incremental borrowing rate is determined based on information available at lease commencement date for purposes of determining the present value of lease payments. The Company used the incremental borrowing rate on December 29, 2018 of 5.5% for all leases that commenced prior to that date. ROU lease assets and lease liabilities for our operating leases were recorded in the balance sheet as follows: As of March 28, 2020 Operating lease right-of-use assets $ 227 Total ROU lease assets 227 Accounts payable 107 Operating lease liabilities 129 Total lease liability $ 236 Weighted average remaining lease term (in years) 2.3 Weighted average discount rate 5.5 % Future lease payments included in the measurement of lease liabilities on the balance sheet as of December 28, 2019, for the following five fiscal years and thereafter are as follows: As of March 28, 2020 2020 (remaining) $ 89 2021 118 2022 37 2023 8 Total future minimum lease payments 252 Present value adjustment 16 Total $ 236

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 28, 2020
Inventory Disclosure [Abstract]
Schedule of Inventories	The composition of inventories is as follows: March 28, 2020 December 28 2019 Finished products $ 1,227 $ 1,187 Raw materials and packaging 670 742 $ 1,897 $ 1,929

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 28, 2020
Earnings 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 March 28, 2020 Thirteen Weeks Ended March 30, 2019 Numerator Net income–basic and diluted $ 50 $ 23 Denominator Basic and diluted earnings per share weighted average shares 5,154 5,154 Earnings per share Basic and diluted $ 0.01 $ 0.00

Fixed Assets (Tables)

Fixed Assets (Tables)	3 Months Ended
	Mar. 28, 2020
Property, Plant and Equipment [Abstract]
Schedule of Fixed Assets	Fixed assets consist of the following: March 28, 2020 December 28, 2019 Plant equipment $ 150 $ 150 Less: accumulated depreciation 7 5 Fixed assets, net $ 143 $ 145

Note Payable (Tables)

Note Payable (Tables)	3 Months Ended
	Mar. 28, 2020
Debt Disclosure [Abstract]
Schedule of Related Party Notes Payable	March 28, 2020 December 28, 2019 Note payable-related party $ 500 $ 500 Less current maturity — — Note payable related party, net of current maturity $ 500 $ 500

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 28, 2020
Segment Reporting [Abstract]
Schedule of Revenues by Geographical Region	Revenues by geographical region are as follows: March 28, 2020 March 30, 2019 Americas $ 3,077 $ 3,182 Europe 73 128 Asia Pacific and Africa — 115 Middle East 76 76 $ 3,226 $ 3,501
Summary of Net Sales by Major Product Category	Net sales by major product category: March 28, 2020 March 30, 2019 Frozen desserts and foods $ 412 $ 523 Vegan cheese products 2,814 2,978 $ 3,226 $ 3,501
Schedule of Timing of Revenue Recognition	Timing of revenue recognition: March 28, 2020 March 30, 2019 Products transferred at a point in time $ 3,226 $ 3,501 $ 3,226 $ 3,501

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 28, 2020
Leases [Abstract]
Schedule of ROU Lease Assets and Liabilities for Operating Leases	ROU lease assets and lease liabilities for our operating leases were recorded in the balance sheet as follows: As of March 28, 2020 Operating lease right-of-use assets $ 227 Total ROU lease assets 227 Accounts payable 107 Operating lease liabilities 129 Total lease liability $ 236 Weighted average remaining lease term (in years) 2.3 Weighted average discount rate 5.5 %
Schedule of Future Minimum Rental Commitments	Future lease payments included in the measurement of lease liabilities on the balance sheet as of December 28, 2019, for the following five fiscal years and thereafter are as follows: As of March 28, 2020 2020 (remaining) $ 89 2021 118 2022 37 2023 8 Total future minimum lease payments 252 Present value adjustment 16 Total $ 236

Liquidity and Capital Resourc_2

Liquidity and Capital Resources (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	May 04, 2020	Jan. 06, 2016	Mar. 28, 2020	Mar. 30, 2019	Dec. 28, 2019	[1]
Cash and cash equivalents			$ 908		$ 514
Net cash used in operating activities			394	$ 62
Cash used in investing activities				(29)
Net cash flows used in financing activities			$ 0	$ 0
Subsequent Event [Member] | Paycheck Protection Program [Member] | Valley National Bank [Member]
Loan borrowed	$ 165
Interest rate, percentage	1.00%
David Mintz [Member]
Financing received through convertible note payable-related party		$ 500
Loan convertible into common stock at conversion price per share		$ 4.01
Interest rate, percentage		5.00%
David Mintz [Member] | Extended Maturity [Member]
Loans payable maturity date		Dec. 31, 2022
[1]	Derived from audited financial information.

Description of the Business (De

Description of the Business (Details Narrative)	3 Months Ended
	Mar. 28, 2020Segment
Accounting Policies [Abstract]
Number of operating segments	1

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Mar. 28, 2020	Dec. 28, 2019
Inventory Disclosure [Abstract]
Finished products	$ 1,267	$ 1,187
Raw materials and packaging	670	742
Inventories, net	$ 1,897	$ 1,929	[1]
[1]	Derived from audited financial information.

Earnings Per Share (Details Nar

Earnings Per Share (Details Narrative) - shares	3 Months Ended
	Mar. 28, 2020	Mar. 30, 2019
Earnings per common share:
Non-qualified options granted to directors antidilutive	80,000	80,000

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 28, 2020	Mar. 30, 2019
Earnings per common share:
Numerator: Net income-basic and diluted	$ 50	$ 23
Denominator: Basic and diluted earnings per share weighted average shares	5,154	5,154
Earnings per share Basic and diluted	$ 0.01	$ 0

Fixed Assets (Details Narrative

Fixed Assets (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 28, 2020	Mar. 30, 2019
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 2	$ 0

Fixed Assets - Schedule of Fixe

Fixed Assets - Schedule of Fixed Assets (Details) - USD ($) $ in Thousands	Mar. 28, 2020	Dec. 28, 2019
Property, Plant and Equipment [Abstract]
Plant equipment	$ 150	$ 150
Less: accumulated depreciation	7	5
Fixed assets, net	$ 143	$ 145	[1]
[1]	Derived from audited financial information.

Share Based Compensation (Detai

Share Based Compensation (Details Narrative) - shares	3 Months Ended
	Mar. 28, 2020	Jun. 10, 2014
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options expired during period	50,000
Stock option expiration	Mar. 31, 2020
Stock Option One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options expired during period	30,000
Stock option expiration	Jun. 9, 2020
2014 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock available for awards		250,000
2014 Equity Incentive Plan [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

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - David Mintz [Member] $ / shares in Units, $ in Thousands	Jan. 06, 2016USD ($)$ / shares
Financing received through convertible note payable-related party | $	$ 500
Loan convertible into common stock at conversion price per share	$ 4.01
Loan payable interest rate	5.00%
Debt interest rate in any event of default	12.00%
Extended Maturity [Member]
Loans payable maturity date	Dec. 31, 2022
Promissory Note [Member]
Loan convertible into common stock at conversion price per share	$ 1.77

Notes Payable - Schedule of Rel

Notes Payable - Schedule of Related Party Notes Payable (Details) - USD ($) $ in Thousands	Mar. 28, 2020	Dec. 28, 2019
Debt Disclosure [Abstract]
Note payable-related party	$ 500	$ 500
Less current maturity
Note payable related party, net of current maturity	$ 500	$ 500

Revenue (Details Narrative)

Revenue (Details Narrative)	3 Months Ended
	Mar. 28, 2020	Mar. 30, 2019
Americas [Member]
Percentage of revenue	93.00%	93.00%

Revenue - Schedule of Revenues

Revenue - Schedule of Revenues by Geographical Region (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 28, 2020	Mar. 30, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 3,226	$ 3,501
Americas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	3,077	3,182
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	73	128
Asia Pacific and Africa [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues		115
Middle East [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 76	$ 76

Revenue - Summary of Net Sales

Revenue - Summary of Net Sales by Major Product Category (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 28, 2020	Mar. 30, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 3,226	$ 3,501
Frozen Desserts and Foods [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	412	523
Veegan Cheese Products [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 2,814	$ 2,978

Revenue - Schedule of Timing of

Revenue - Schedule of Timing of Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 28, 2020	Mar. 30, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Timing of revenue recognition	$ 3,226	$ 3,501
Products Transferred at a Point in Time [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Timing of revenue recognition	$ 3,226	$ 3,501

Leases (Details Narrative)

Leases (Details Narrative) $ in Thousands	Dec. 29, 2018	Mar. 28, 2020USD ($)ft²	Mar. 30, 2019USD ($)
Leases [Abstract]
Area of square foot | ft²		6,200
Rent expense		$ 19	$ 27
Outside warehouse expense		$ 114	$ 114
Incremental borrowing rate, percentage	5.50%

Leases - Schedule of ROU Lease

Leases - Schedule of ROU Lease Assets and Liabilities for Operating Leases (Details) - USD ($) $ in Thousands	Mar. 28, 2020	Dec. 28, 2019	[1]
Leases [Abstract]
Operating lease right-of-use assets	$ 227	$ 252
Total ROU lease assets	227
Accounts payable	107
Operating lease liabilities	129	$ 156
Total lease liability	$ 236
Weighted average remaining lease term (in years)	2 years 3 months 19 days
Weighted average discount rate	5.50%
[1]	Derived from audited financial information.

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Rental Commitments (Details) $ in Thousands	Mar. 28, 2020USD ($)
Leases [Abstract]
2020 (remaining)	$ 89
2021	118
2022	37
2023	8
Total future minimum lease payments	252
Present value adjustment	16
Total lease liability	$ 236