Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Apr. 03, 2021 | May 24, 2021 | |
Cover [Abstract] | ||
Entity Registrant Name | TOFUTTI BRANDS INC | |
Entity Central Index Key | 0000730349 | |
Document Type | 10-Q | |
Document Period End Date | Apr. 3, 2021 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --01-01 | |
Entity Current Reporting Status | 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 | 2022 |
Condensed Balance Sheets (Unaud
Condensed Balance Sheets (Unaudited) - USD ($) $ in Thousands | Apr. 03, 2021 | Jan. 02, 2021 |
Current assets: | ||
Cash | $ 2,446 | $ 1,459 |
Accounts receivable, net of allowance for doubtful accounts and sales promotions of $472 and $457, respectively | 1,301 | 2,078 |
Inventories | 2,045 | 1,997 |
Prepaid expenses and other current assets | 63 | 88 |
Total current assets | 5,855 | 5,622 |
Equipment, net | 132 | 135 |
Operating lease right-of-use assets | 197 | 224 |
Deferred tax assets | 83 | 83 |
Other assets | 39 | 19 |
Total assets | 6,306 | 6,083 |
Current liabilities: | ||
SBA loan payable | 120 | 112 |
Income taxes payable | 153 | 117 |
Accounts payable | 551 | 219 |
Accrued expenses | 338 | 535 |
Total current liabilities | 1,162 | 983 |
Convertible note payable-long term-related party | 500 | 500 |
SBA loan payable, net of current portion | 45 | 53 |
Operating lease liabilities | 95 | 123 |
Total liabilities | 1,802 | 1,659 |
Stockholders' equity: | ||
Preferred stock - par value $.01 per share; authorized 100,000 shares, none issued and outstanding | ||
Common stock - par value $.01 per share; authorized 15,000,000 shares, issued and outstanding 5,153,706 shares | 52 | 52 |
Additional paid-in capital | 207 | 207 |
Retained earnings | 4,245 | 4,165 |
Total stockholders' equity | 4,504 | 4,424 |
Total liabilities and stockholders' equity | $ 6,306 | $ 6,083 |
Condensed Balance Sheets (Una_2
Condensed Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Apr. 03, 2021 | Jan. 02, 2021 |
Statement of Financial Position [Abstract] | ||
Allowance for doubtful accounts and sales promotions on accounts receivable | $ 472 | $ 457 |
Preferred stock, par value | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 100,000 | 100,000 |
Preferred stock, shares issued | ||
Preferred stock, shares outstanding | ||
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 Income
Condensed Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 03, 2021 | Mar. 28, 2020 | |
Income Statement [Abstract] | ||
Net sales | $ 3,150 | $ 3,226 |
Cost of sales | 2,149 | 2,230 |
Gross profit | 1,001 | 996 |
Operating expenses: | ||
Selling | 323 | 307 |
Marketing | 70 | 125 |
Research and development | 39 | 90 |
General and administrative | 447 | 411 |
Total operating expenses | 879 | 933 |
Income before interest expense and income taxes | 122 | 63 |
Interest expense | 6 | 6 |
Income before income taxes | 116 | 57 |
Income tax expense | 36 | 7 |
Net income | $ 80 | $ 50 |
Weighted average common shares outstanding: | ||
Basic | 5,154 | 5,154 |
Diluted | 5,436 | 5,154 |
Earnings per common share: | ||
Basic | $ 0.02 | $ 0.01 |
Diluted | $ 0.02 | $ 0.01 |
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. 28, 2019 | $ 52 | $ 207 | $ 3,569 | $ 3,828 |
Balance, shares at Dec. 28, 2019 | ||||
Net income | 50 | 50 | ||
Balance at Mar. 28, 2020 | $ 52 | 207 | 3,619 | 3,878 |
Balance, shares at Mar. 28, 2020 | ||||
Balance at Jan. 02, 2021 | $ 52 | 207 | 4,165 | 4,424 |
Balance, shares at Jan. 02, 2021 | ||||
Net income | 80 | 80 | ||
Balance at Apr. 03, 2021 | $ 52 | $ 207 | $ 4,245 | $ 4,504 |
Balance, shares at Apr. 03, 2021 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 03, 2021 | Mar. 28, 2020 | |
Statement of Cash Flows [Abstract] | ||
Cash provided by operating activities, net | $ 987 | $ 394 |
Net increase in cash | 987 | 394 |
Cash at beginning of period | 1,459 | 514 |
Cash at end of period | 2,446 | 908 |
Supplemental cash flow information: | ||
Income taxes paid | 7 | |
Interest expenses paid | 6 | |
Operating cash flows supplemental information: | ||
Cash paid for amounts in the measurement of the operating lease liability | $ 26 |
Basis of Presentation
Basis of Presentation | 3 Months Ended |
Apr. 03, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | Note 1: Basis of Presentation The accompanying unaudited condensed financial information, 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 April 3, 2021 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 |
Recently Issued Accounting Stan
Recently Issued Accounting Standards | 3 Months Ended |
Apr. 03, 2021 | |
Accounting Changes and Error Corrections [Abstract] | |
Recently Issued Accounting Standards | Note 2: Recently Issued Accounting Standards The Company considers the applicability and impact of all Accounting Standard Updates (“ASUs”). ASUs not discussed below were assessed and determined to be either not applicable or are expected to have minimal impact on the Company’s balance sheets or statements of operations. 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 |
Apr. 03, 2021 | |
Inventory Disclosure [Abstract] | |
Inventories | Note 3: Inventories Inventories consist of the following: April 3, 2021 January 2, 2021 Finished products $ 1,361 $ 1,320 Raw materials and packaging 684 677 $ 2,045 $ 1,997 |
Income Taxes
Income Taxes | 3 Months Ended |
Apr. 03, 2021 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Note 4: 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 |
Apr. 03, 2021 | |
Earnings per common share: | |
Earnings Per Share | Note 5: Earnings Per Share Fully diluted earnings per common share have been computed by dividing earnings by the weighted average number of common shares outstanding, which would account for a potential 282,486 shares to be issued upon conversion. The convertible note for 282,486 shares was included in the calculation of fully diluted earnings. For the thirteen weeks ended March 28, 2020, stock equivalents of 80,000 shares and a convertible note for 124,688 shares were excluded from diluted earnings per share calculations since the effect was anti-dilutive. The following table sets forth the computation of basic and diluted earnings per share: Thirteen Weeks Ended April 3, 2021 Thirteen Weeks Ended March 28, 2020 Net income, numerator, basic computation $ 80 $ 50 Interest expense 6 — Net income, numerator, diluted computation 86 50 Weighted average shares - denominator basic computation 5,154 5,154 Effect of convertible note 282 — Weighted average shares, as adjusted - denominator diluted computation 5,436 5,154 Earnings per common share: Basic $ 0.02 $ 0.01 Diluted $ 0.02 $ 0.01 |
Equipment
Equipment | 3 Months Ended |
Apr. 03, 2021 | |
Property, Plant and Equipment [Abstract] | |
Equipment | Note 6: Equipment Equipment consists of the following: April 3, 2021 January 2, 2021 Manufacturing equipment installed at co-packer $ 150 $ 150 Less: accumulated depreciation 18 15 Equipment, net $ 132 $ 135 Depreciation expense for the thirteen weeks ended April 3, 2021 and the thirteen weeks ended March 28, 2020 was $3 and $2, respectively. |
Share Based Compensation
Share Based Compensation | 3 Months Ended |
Apr. 03, 2021 | |
Share-based Payment Arrangement [Abstract] | |
Share Based Compensation | Note 7: 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.” There were no stock options outstanding as of April 3, 2021. |
Notes Payable
Notes Payable | 3 Months Ended |
Apr. 03, 2021 | |
Debt Disclosure [Abstract] | |
Notes Payable | Note 8: Notes Payable Small Business Administration (SBA) Loan On May 4, 2020 the Company received from the SBA a loan of $165 from the Paycheck Protection Program at an interest rate of 1%. Interest and payments were deferred until March 4, 2021. The current portion of the loan was $120 as of April 3, 2021 and the loan will expire on May 4, 2022. No demand for repayment of the loan has been made as of May 24, 2021. Related Party On January 6, 2016, David Mintz, the Company’s former Chairman and Chief Executive, who passed away in February 2021, provided the Company with a loan of $500 with an annual interest rate of 5% payable on a quarterly basis. The loan, which was originally set to expire on December 31, 2017 was 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. April 3, 2021 January 2, 2021 Note payable-related party $ 500 $ 500 Less current maturity — — Note payable related party, net of current maturity $ 500 $ 500 |
Revenue
Revenue | 3 Months Ended |
Apr. 03, 2021 | |
Segment Reporting [Abstract] | |
Revenue | Note 9: 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: Thirteen Weeks Ended Thirteen Weeks Ended April 3, 2021 March 28, 2020 Americas $ 2,979 $ 3,077 Europe 20 73 Asia Pacific and Africa 94 - Middle East 57 76 $ 3,150 $ 3,226 Approximately 91% and 93% of the Americas revenue in the 2021 and the 2020 periods, respectively, 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: Thirteen Weeks Ended Thirteen Weeks Ended April 3, 2021 March 28, 2020 Frozen desserts and foods $ 430 $ 412 Vegan cheese products 2,720 2,814 $ 3,150 $ 3,226 |
Leases
Leases | 3 Months Ended |
Apr. 03, 2021 | |
Leases [Abstract] | |
Leases | Note 10: Leases The Company is 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 $20 in the thirteen weeks ended April 3, 2021 and $19 in the thirteen weeks ended March 28, 2020. 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 $112 for the thirteen weeks ended April 3, 2021 and $114 for the thirteen weeks ended March 28, 2020. Under Topic 842, operating lease expense is generally recognized evenly over the term of the lease. The Company has operating leases primarily consisting of one facility and office equipment 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 right-of-use, or 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 As of April 3, 2021 January 2, 2021 Operating lease right-of-use assets $ 197 $ 224 Current portion of lease liabilities 113 113 Operating lease liabilities 95 123 Total lease liability $ 208 $ 236 Weighted average remaining lease term (in years) 1.9 2.1 Weighted average discount rate 5.5 % 5.5 % Future lease payments included in the measurement of lease liabilities on the balance sheet as of April 3, 2021 are as follows: As of April 3, 2021 2021 (remaining) $ 90 2022 116 2023 8 Total future minimum lease payments 214 Present value adjustment 6 Total $ 208 |
Inventories (Tables)
Inventories (Tables) | 3 Months Ended |
Apr. 03, 2021 | |
Inventory Disclosure [Abstract] | |
Schedule of Inventories | Inventories consist of the following: April 3, 2021 January 2, 2021 Finished products $ 1,361 $ 1,320 Raw materials and packaging 684 677 $ 2,045 $ 1,997 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 3 Months Ended |
Apr. 03, 2021 | |
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 April 3, 2021 Thirteen Weeks Ended March 28, 2020 Net income, numerator, basic computation $ 80 $ 50 Interest expense 6 — Net income, numerator, diluted computation 86 50 Weighted average shares - denominator basic computation 5,154 5,154 Effect of convertible note 282 — Weighted average shares, as adjusted - denominator diluted computation 5,436 5,154 Earnings per common share: Basic $ 0.02 $ 0.01 Diluted $ 0.02 $ 0.01 |
Equipment (Tables)
Equipment (Tables) | 3 Months Ended |
Apr. 03, 2021 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Equipment | Equipment consists of the following: April 3, 2021 January 2, 2021 Manufacturing equipment installed at co-packer $ 150 $ 150 Less: accumulated depreciation 18 15 Equipment, net $ 132 $ 135 |
Notes Payable (Tables)
Notes Payable (Tables) | 3 Months Ended |
Apr. 03, 2021 | |
Debt Disclosure [Abstract] | |
Schedule of Related Party Notes Payable | 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. April 3, 2021 January 2, 2021 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 |
Apr. 03, 2021 | |
Segment Reporting [Abstract] | |
Schedule of Revenues by Geographical Region | Revenues by geographical region are as follows: Thirteen Weeks Ended Thirteen Weeks Ended April 3, 2021 March 28, 2020 Americas $ 2,979 $ 3,077 Europe 20 73 Asia Pacific and Africa 94 - Middle East 57 76 $ 3,150 $ 3,226 |
Summary of Net Sales by Major Product Category | Net sales by major product category: Thirteen Weeks Ended Thirteen Weeks Ended April 3, 2021 March 28, 2020 Frozen desserts and foods $ 430 $ 412 Vegan cheese products 2,720 2,814 $ 3,150 $ 3,226 |
Leases (Tables)
Leases (Tables) | 3 Months Ended |
Apr. 03, 2021 | |
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 As of April 3, 2021 January 2, 2021 Operating lease right-of-use assets $ 197 $ 224 Current portion of lease liabilities 113 113 Operating lease liabilities 95 123 Total lease liability $ 208 $ 236 Weighted average remaining lease term (in years) 1.9 2.1 Weighted average discount rate 5.5 % 5.5 % |
Schedule of Future Minimum Rental Commitments | Future lease payments included in the measurement of lease liabilities on the balance sheet as of April 3, 2021 are as follows: As of April 3, 2021 2021 (remaining) $ 90 2022 116 2023 8 Total future minimum lease payments 214 Present value adjustment 6 Total $ 208 |
Inventories - Schedule of Inven
Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands | Apr. 03, 2021 | Jan. 02, 2021 |
Inventory Disclosure [Abstract] | ||
Finished products | $ 1,361 | $ 1,320 |
Raw materials and packaging | 684 | 677 |
Inventories, net | $ 2,045 | $ 1,997 |
Earnings Per Share (Details Nar
Earnings Per Share (Details Narrative) - shares | 3 Months Ended | |
Apr. 03, 2021 | Mar. 28, 2020 | |
Antidilutive shares | 282,486 | 80,000 |
Convertible Note [Member] | ||
Antidilutive shares | 282,486 | 124,688 |
Earnings Per Share - Schedule o
Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Apr. 03, 2021 | Mar. 28, 2020 | |
Earnings per common share: | ||
Net income, numerator, basic computation | $ 80 | $ 50 |
Interest expense | 6 | |
Net income, numerator, diluted computation | $ 86 | $ 50 |
Weighted average shares - denominator basic computation | 5,154 | 5,154 |
Effect of convertible note | 282 | |
Weighted average shares, as adjusted - denominator diluted computation | 5,436 | 5,154 |
Earnings per common share: Basic | $ 0.02 | $ 0.01 |
Earnings per common share: Diluted | $ 0.02 | $ 0.01 |
Equipment (Details Narrative)
Equipment (Details Narrative) - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 03, 2021 | Mar. 28, 2020 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation expense | $ 3 | $ 2 |
Equipment - Schedule of Equipme
Equipment - Schedule of Equipment (Details) - USD ($) $ in Thousands | Apr. 03, 2021 | Jan. 02, 2021 |
Property, Plant and Equipment [Abstract] | ||
Manufacturing equipment installed at co-packer | $ 150 | $ 150 |
Less: accumulated depreciation | 18 | 15 |
Equipment, net | $ 132 | $ 135 |
Share Based Compensation (Detai
Share Based Compensation (Details Narrative) | Apr. 03, 2021shares |
2014 Equity Incentive Plan [Member] | |
Common stock available for awards | 250,000 |
Notes Payable (Details Narrativ
Notes Payable (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands | May 04, 2020 | Jan. 10, 2020 | Jan. 06, 2016 | Apr. 03, 2021 | Jan. 02, 2021 |
SBA loan payable | $ 120 | $ 112 | |||
Paycheck Protection Program [Member] | Valley National Bank [Member] | |||||
Loan borrowed | $ 165 | ||||
Loan payable interest rate | 1.00% | ||||
SBA loan payable | $ 120 | ||||
Loans payable maturity date | May 4, 2022 | ||||
David Mintz [Member] | |||||
Loan payable interest rate | 5.00% | ||||
Financing received through convertible note payable-related party | $ 500 | ||||
Loan convertible into common stock at conversion price per share | $ 4.01 | ||||
David Mintz [Member] | Promissory Note [Member] | |||||
Loan convertible into common stock at conversion price per share | $ 1.77 | ||||
David Mintz [Member] | Extended Maturity [Member] | |||||
Loans payable maturity date, description | Expire on December 31, 2017 was extended to December 31, 2022 |
Notes Payable - Schedule of Rel
Notes Payable - Schedule of Related Party Notes Payable (Details) - USD ($) $ in Thousands | Apr. 03, 2021 | Jan. 02, 2021 |
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 | |
Apr. 03, 2021 | Mar. 28, 2020 | |
Americas [Member] | ||
Percentage of revenue | 91.00% | 93.00% |
Revenue - Schedule of Revenues
Revenue - Schedule of Revenues by Geographical Region (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 03, 2021 | Mar. 28, 2020 | |
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Revenues | $ 3,150 | $ 3,226 |
Americas [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Revenues | 2,979 | 3,077 |
Europe [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Revenues | 20 | 73 |
Asia Pacific and Africa [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Revenues | 94 | |
Middle East [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Revenues | $ 57 | $ 76 |
Revenue - Summary of Net Sales
Revenue - Summary of Net Sales by Major Product Category (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 03, 2021 | Mar. 28, 2020 | |
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Net sales | $ 3,150 | $ 3,226 |
Cheeses [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Net sales | 430 | 412 |
Frozen Desserts and Foods [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Net sales | $ 2,720 | $ 2,814 |
Leases (Details Narrative)
Leases (Details Narrative) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Apr. 03, 2021USD ($)ft² | Mar. 28, 2020USD ($) | Dec. 29, 2018 | |
Leases [Abstract] | |||
Area of square foot | ft² | 6,200 | ||
Rent expense | $ 20 | $ 19 | |
Outside warehouse expense | $ 112 | $ 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 | Apr. 03, 2021 | Jan. 02, 2021 |
Operating lease right-of-use assets | $ 197 | $ 224 |
Operating lease liabilities | 95 | 123 |
Total lease liability | 208 | |
ROU [Member] | ||
Operating lease right-of-use assets | 197 | 224 |
Current portion of lease liabilities | 113 | 113 |
Operating lease liabilities | 95 | 123 |
Total lease liability | $ 208 | $ 236 |
Weighted average remaining lease term (in years) | 1 year 10 months 25 days | 2 years 1 month 6 days |
Weighted average discount rate | 5.50% | 5.50% |
Leases - Schedule of Future Min
Leases - Schedule of Future Minimum Rental Commitments (Details) $ in Thousands | Jan. 02, 2021USD ($) |
Leases [Abstract] | |
2021 (remaining) | $ 90 |
2022 | 116 |
2023 | 8 |
Total future minimum lease payments | 214 |
Present value adjustment | 6 |
Total | $ 208 |