Tofutti Brands (TOFB) 10-Q 24 May 21 2022 Q1 Quarterly report Financial data

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