Cover
Cover - shares | 6 Months Ended | |
Jul. 01, 2023 | Aug. 15, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jul. 01, 2023 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2023 | |
Current Fiscal Year End Date | --12-30 | |
Entity File Number | 1-9009 | |
Entity Registrant Name | Tofutti Brands Inc. | |
Entity Central Index Key | 0000730349 | |
Entity Tax Identification Number | 13-3094658 | |
Entity Incorporation, State or Country Code | DE | |
Entity Address, Address Line One | 50 Jackson Drive | |
Entity Address, City or Town | Cranford | |
Entity Address, State or Province | NJ | |
Entity Address, Postal Zip Code | 07016 | |
City Area Code | (908) | |
Local Phone Number | 272-2400 | |
Trading Symbol | TOFB | |
Title of 12(g) Security | Common Stock, par value $0.01 per share | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 5,153,706 |
Condensed Balance Sheets (Unaud
Condensed Balance Sheets (Unaudited) - USD ($) $ in Thousands | Jul. 01, 2023 | Dec. 31, 2022 |
Current assets: | ||
Cash | $ 576 | $ 1,072 |
Accounts receivable, net of allowance for doubtful accounts and sales promotions of $490 and $495, respectively | 847 | 1,305 |
Inventories | 2,419 | 2,463 |
Prepaid expenses and other current assets | 68 | 80 |
Total current assets | 3,910 | 4,920 |
Operating lease right-of-use assets | 116 | 158 |
Finance lease right-of-use asset | 43 | 53 |
Deferred tax assets | 182 | 367 |
Other assets | 19 | 19 |
Total assets | 4,270 | 5,517 |
Current liabilities: | ||
Income taxes payable | 41 | |
Accounts payable | 152 | 684 |
Accrued expenses | 320 | 555 |
Finance lease liability, current portion | 15 | 15 |
Total current liabilities | 487 | 1,295 |
Financing lease liabilities, long-term | 31 | 39 |
Operating lease liabilities | 41 | 85 |
Total liabilities | 559 | 1,419 |
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, 5,153,706 shares issued and outstanding | 52 | 52 |
Additional paid-in capital | 296 | 263 |
Retained earnings | 3,363 | 3,783 |
Total stockholders’ equity | 3,711 | 4,098 |
Total liabilities and stockholders’ equity | $ 4,270 | $ 5,517 |
Condensed Balance Sheets (Una_2
Condensed Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Jul. 01, 2023 | Dec. 31, 2022 |
Statement of Financial Position [Abstract] | ||
Accounts receivable, net of allowance for doubtful accounts and sales promotions | $ 490 | $ 495 |
Preferred stock par value | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 100,000 | 100,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
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 ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 01, 2023 | Jul. 02, 2022 | Jul. 01, 2023 | Jul. 02, 2022 | |
Income Statement [Abstract] | ||||
Net sales | $ 2,719 | $ 2,979 | $ 5,208 | $ 6,442 |
Cost of sales | 2,052 | 2,454 | 3,935 | 5,060 |
Gross profit | 667 | 525 | 1,273 | 1,382 |
Operating expenses: | ||||
Selling and warehouse | 320 | 309 | 592 | 573 |
Marketing | 89 | 111 | 184 | 267 |
Research and development | 56 | 42 | 83 | 82 |
General and administrative | 383 | 349 | 686 | 686 |
Total operating expenses | 848 | 811 | 1,545 | 1,608 |
Loss from operations | (181) | (286) | (272) | (226) |
Other income: | ||||
SBA loan forgiveness | 165 | |||
Loss before interest expense and income taxes | (181) | (286) | (272) | (61) |
Interest expense | 1 | 2 | ||
Loss before income tax | (182) | (286) | (274) | (61) |
Income tax expense (benefit) | 136 | (78) | 146 | (58) |
Net loss | $ (318) | $ (208) | $ (420) | $ (3) |
Weighted average common shares outstanding: | ||||
Basic | 5,154 | 5,154 | 5,154 | 5,154 |
Diluted | 5,154 | 5,154 | 5,154 | 5,154 |
Loss per common share: | ||||
Basic | $ (0.06) | $ (0.04) | $ (0.08) | $ 0 |
Diluted | $ (0.06) | $ (0.04) | $ (0.08) | $ 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 |
Beginning balance, value at Jan. 01, 2022 | $ 52 | $ 207 | $ 4,308 | $ 4,567 |
Net income (loss) | 205 | 205 | ||
Ending balance, value at Apr. 02, 2022 | 52 | 207 | 4,513 | 4,772 |
Beginning balance, value at Jan. 01, 2022 | 52 | 207 | 4,308 | 4,567 |
Net income (loss) | (3) | |||
Ending balance, value at Jul. 02, 2022 | 52 | 207 | 4,224 | 4,483 |
Beginning balance, value at Apr. 02, 2022 | 52 | 207 | 4,513 | 4,772 |
Net income (loss) | (208) | (208) | ||
Ending balance, value at Jul. 02, 2022 | 52 | 207 | 4,224 | 4,483 |
Beginning balance, value at Dec. 31, 2022 | 52 | 263 | 3,783 | 4,098 |
Stock-based compensation | 20 | 20 | ||
Net income (loss) | (102) | (102) | ||
Ending balance, value at Apr. 01, 2023 | 52 | 283 | 3,681 | 4,016 |
Beginning balance, value at Dec. 31, 2022 | 52 | 263 | 3,783 | 4,098 |
Net income (loss) | (420) | |||
Ending balance, value at Jul. 01, 2023 | 52 | 296 | 3,363 | 3,711 |
Beginning balance, value at Apr. 01, 2023 | 52 | 283 | 3,681 | 4,016 |
Stock-based compensation | 13 | 13 | ||
Net income (loss) | (318) | (318) | ||
Ending balance, value at Jul. 01, 2023 | $ 52 | $ 296 | $ 3,363 | $ 3,711 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jul. 01, 2023 | Jul. 02, 2022 | |
Statement of Cash Flows [Abstract] | ||
Cash used in operating activities, net | $ (485) | $ (522) |
Cash used in financing activities, net | (4) | |
Net decrease in cash | (489) | (522) |
Cash at beginning of period | 1,072 | 1,698 |
Cash at end of period | $ 569 | $ 1,176 |
Basis of Presentation
Basis of Presentation | 6 Months Ended |
Jul. 01, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | 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 and twenty-six-week period ended July 1, 2023 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 | 6 Months Ended |
Jul. 01, 2023 | |
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. On January 1, 2023, we adopted ASU 2016-13, Financial Instruments - Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments. ASU 2016-13 replaces the previously established credit losses framework with a new accounting standard that requires management to measure an allowance for expected credit losses that is based on a broader range of reasonable and supportable information for lifetime credit loss estimates. The Company has assessed that the adoption of this standard has not had a material affect on the financial statements. |
Inventories
Inventories | 6 Months Ended |
Jul. 01, 2023 | |
Inventory Disclosure [Abstract] | |
Inventories | Note 3: Inventories Inventories consist of the following: Schedule of Inventories July 1, 2023 December 31, 2022 Finished products $ 1,503 $ 1,387 Raw materials and packaging 916 1,076 Inventories, net $ 2,419 $ 2,463 |
Income Taxes
Income Taxes | 6 Months Ended |
Jul. 01, 2023 | |
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 (Loss) Per Share
Earnings (Loss) Per Share | 6 Months Ended |
Jul. 01, 2023 | |
Loss per common share: | |
Earnings (Loss) Per Share | Note 5: Earnings (Loss) Per Share Basic earnings per common share (“EPS”) applicable to common stockholders is computed by dividing earnings applicable to common stockholders by the weighted-average number of common shares outstanding. If there is a loss from operations, diluted EPS is computed in the same manner as basic EPS is computed. TOFUTTI BRANDS INC. Notes to Unaudited Condensed Financial Statements (in thousands, except share and per share data) The following table sets forth the computation of basic and diluted earnings per share: Schedule of Earnings Per Share, Basic and Diluted Thirteen weeks ended July 1, 2023 Thirteen weeks ended July 2, 2022 Twenty-six weeks ended July 1, 2023 Twenty-six weeks ended July 2, 2022 Loss, numerator, basic computation $ (318 ) $ (208 ) $ (427 ) $ (3 ) Net loss, numerator, diluted computation $ (318 ) $ (208 ) $ (427 ) $ (3 ) Weighted average shares - denominator basic computation 5,154 5,154 5,154 5,154 Weighted average shares, as adjusted - denominator diluted computation 5,154 5,154 5,154 5,154 Loss per common share - basic $ (0.06 ) $ (0.04 ) $ (0.08 ) $ (0.00 ) Loss per common share - diluted $ (0.06 ) $ (0.04 ) $ (0.08 ) $ (0.00 ) The following are securities excluded from weighted-average shares used to calculate diluted earnings (loss) per common share, as the result of including them to calculate diluted EPS is anti-dilutive: Schedule of Weighted Average Numbers of Shares Thirteen weeks Ended July 1, 2023 Thirteen weeks Ended July 2, 2022 Shares subject to outstanding common stock options 250,000 — |
Share Based Compensation
Share Based Compensation | 6 Months Ended |
Jul. 01, 2023 | |
Share-Based Payment Arrangement [Abstract] | |
Share Based Compensation | Note 6: 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. Such grants can be, but are not limited to, options, stock appreciation rights, restricted stock, performance grants, stock bonuses, and any other type of award that is consistent with the purposes of the 2014 Plan. Employees and officers of the Company are eligible to receive incentive stock options while corporate directors are only eligible to receive non-qualified options. The 2014 Plan made 250,000 0 250,000 250,000 0.95 83,333 83,333 83,334 The following is a summary of stock option activity from April 1, 2023 to July 1, 2023: Schedule of Stock Option Activity NON-QUALIFIED OPTIONS Shares Weighted Average Exercise Price ($) Outstanding at April 1, 2023 and December 31, 2022 250,000 0.95 Granted — — Exercised — — Outstanding at July 1, 2023 250,000 0.95 Exercisable at July 1, 2023 83,333 0.95 TOFUTTI BRANDS INC. Notes to Unaudited Condensed Financial Statements (in thousands, except share and per share data) The following table summarizes information about stock options outstanding at July 1, 2023: Schedule of Information About Stock Options Range of Exercise Prices ($) Number Outstanding Weighted Average Remaining Life (in years) Weighted Average Exercise Price($) Number Exercisable $ 0.95 250,000 4.50 $ 0.95 83,333 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. During the fiscal year ended December 31, 2022, 250,000 83,333 83,333 83,334 82.65 3.79 0 five years As of July 1, 2023, the intrinsic value of the options outstanding and exercisable options was $ 35 12 65 13,000 250,000 |
Notes Payable
Notes Payable | 6 Months Ended |
Jul. 01, 2023 | |
Debt Disclosure [Abstract] | |
Notes Payable | Note 7: Notes Payable Small Business Administration (SBA) Loan On May 2, 2020, the Company received from the SBA a loan of $ 165 1 165 165 |
Revenue
Revenue | 6 Months Ended |
Jul. 01, 2023 | |
Revenue from Contract with Customer [Abstract] | |
Revenue | Note 8: 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: Schedule of Disaggregation Revenue Thirteen weeks ended July 1, 2023 Thirteen weeks ended July 2, 2022 Twenty-six weeks ended July 1, 2023 Twenty-six weeks ended July 2, 2022 Revenues by geography: Americas $ 2,586 $ 2,780 $ 5,006 $ 6,065 Europe 7 109 11 109 Asia Pacific and Africa — — 57 — Middle East 126 90 134 268 Revenues $ 2,719 $ 2,979 $ 5,208 $ 6,442 Approximately 93 94 91 94 TOFUTTI BRANDS INC. Notes to Unaudited Condensed Financial Statements (in thousands, except share and per share data) Net sales by major product category: Thirteen weeks ended July 1, 2023 Thirteen weeks ended July 2, 2022 Twenty-six Weeks ended July 1, 2023 Twenty-six Weeks ended July 2, 2022 Frozen desserts $ 436 $ 453 $ 826 $ 1,000 Cheeses 2,283 2,526 4,382 5,442 Revenues $ 2,719 $ 2,979 $ 5,208 $ 6,442 |
Leases
Leases | 6 Months Ended |
Jul. 01, 2023 | |
Leases | |
Leases | Note 9: Leases The Company’s facilities are located in a one-story facility in Cranford, New Jersey. The 6,200 23 20 46 40 85 95 161 191 4 5 8 12 Under Topic 842, operating lease expense is generally recognized evenly over the term of the lease. The standard requires a lessee to record a right-of-use asset and a corresponding lease liability at the inception of the lease. The current portion of lease liabilities is included in accrued expenses on the condensed balance sheets. Under Topic 842, finance lease cost includes amortization, which is recognized on a straight-line basis over the expected life of the leased asset, and interest expense, which is recognized following an effective interest rate method. The Company has a finance lease consisting of a copier lease with a term of four years. The standard requires a lessee to record a right-of-use asset and a corresponding lease liability at the inception of the lease. 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. At the time of adoption of Topic 842, the Company used the incremental borrowing rate of 5.5 ROU lease assets and lease liabilities for our operating leases were recorded in the balance sheet as follows: Schedule of ROU Lease Assets and Liabilities for Operating Leases As of As of July 1, 2023 December 31, 2022 Operating lease right-of-use assets $ 116 $ 158 Current portion of lease liabilities 74 74 Operating lease liabilities, net of current portion 41 85 Total lease liability $ 115 $ 159 Weighted average remaining lease term (in years) 1.5 2.1 Weighted average discount rate 5.5 % 5.5 % TOFUTTI BRANDS INC. Notes to Unaudited Condensed Financial Statements (in thousands, except share and per share data) ROU lease asset and lease liability for our finance lease were recorded in the balance sheet as follows: Schedule of ROU Lease Assets and Liabilities for Finance Leases As of As of July 1, 2023 December 31, 2022 Finance lease right-of-use asset $ 43 $ 53 Current portion of lease liabilities 15 15 Finance lease liabilities, net of current portion 31 39 Total lease liabilities $ 46 $ 54 Weighted average remaining lease term (in years) 3.0 3.4 Weighted average discount rate 6.5 % 6.5 % Future lease payments included in the measurement of lease liabilities on the balance sheet as of July 1, 2023 are as follows: Schedule of Future Lease Payments Operating lease liabilities Finance lease liability Total 2023 (remainder of year) $ 34 $ 8 $ 42 2024 81 18 99 2025 7 18 25 2026 - 7 7 Total future minimum lease payments 122 51 173 Present value adjustment (7 ) (5 ) (10 ) Total $ 115 $ 46 $ 163 |
Inventories (Tables)
Inventories (Tables) | 6 Months Ended |
Jul. 01, 2023 | |
Inventory Disclosure [Abstract] | |
Schedule of Inventories | Inventories consist of the following: Schedule of Inventories July 1, 2023 December 31, 2022 Finished products $ 1,503 $ 1,387 Raw materials and packaging 916 1,076 Inventories, net $ 2,419 $ 2,463 |
Earnings (Loss) Per Share (Tabl
Earnings (Loss) Per Share (Tables) | 6 Months Ended |
Jul. 01, 2023 | |
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: Schedule of Earnings Per Share, Basic and Diluted Thirteen weeks ended July 1, 2023 Thirteen weeks ended July 2, 2022 Twenty-six weeks ended July 1, 2023 Twenty-six weeks ended July 2, 2022 Loss, numerator, basic computation $ (318 ) $ (208 ) $ (427 ) $ (3 ) Net loss, numerator, diluted computation $ (318 ) $ (208 ) $ (427 ) $ (3 ) Weighted average shares - denominator basic computation 5,154 5,154 5,154 5,154 Weighted average shares, as adjusted - denominator diluted computation 5,154 5,154 5,154 5,154 Loss per common share - basic $ (0.06 ) $ (0.04 ) $ (0.08 ) $ (0.00 ) Loss per common share - diluted $ (0.06 ) $ (0.04 ) $ (0.08 ) $ (0.00 ) |
Schedule of Weighted Average Numbers of Shares | The following are securities excluded from weighted-average shares used to calculate diluted earnings (loss) per common share, as the result of including them to calculate diluted EPS is anti-dilutive: Schedule of Weighted Average Numbers of Shares Thirteen weeks Ended July 1, 2023 Thirteen weeks Ended July 2, 2022 Shares subject to outstanding common stock options 250,000 — |
Share Based Compensation (Table
Share Based Compensation (Tables) | 6 Months Ended |
Jul. 01, 2023 | |
Share-Based Payment Arrangement [Abstract] | |
Schedule of Stock Option Activity | The following is a summary of stock option activity from April 1, 2023 to July 1, 2023: Schedule of Stock Option Activity NON-QUALIFIED OPTIONS Shares Weighted Average Exercise Price ($) Outstanding at April 1, 2023 and December 31, 2022 250,000 0.95 Granted — — Exercised — — Outstanding at July 1, 2023 250,000 0.95 Exercisable at July 1, 2023 83,333 0.95 |
Schedule of Information About Stock Options | The following table summarizes information about stock options outstanding at July 1, 2023: Schedule of Information About Stock Options Range of Exercise Prices ($) Number Outstanding Weighted Average Remaining Life (in years) Weighted Average Exercise Price($) Number Exercisable $ 0.95 250,000 4.50 $ 0.95 83,333 |
Revenue (Tables)
Revenue (Tables) | 6 Months Ended |
Jul. 01, 2023 | |
Revenue from Contract with Customer [Abstract] | |
Schedule of Disaggregation Revenue | Revenues by geographical region are as follows: Schedule of Disaggregation Revenue Thirteen weeks ended July 1, 2023 Thirteen weeks ended July 2, 2022 Twenty-six weeks ended July 1, 2023 Twenty-six weeks ended July 2, 2022 Revenues by geography: Americas $ 2,586 $ 2,780 $ 5,006 $ 6,065 Europe 7 109 11 109 Asia Pacific and Africa — — 57 — Middle East 126 90 134 268 Revenues $ 2,719 $ 2,979 $ 5,208 $ 6,442 Thirteen weeks ended July 1, 2023 Thirteen weeks ended July 2, 2022 Twenty-six Weeks ended July 1, 2023 Twenty-six Weeks ended July 2, 2022 Frozen desserts $ 436 $ 453 $ 826 $ 1,000 Cheeses 2,283 2,526 4,382 5,442 Revenues $ 2,719 $ 2,979 $ 5,208 $ 6,442 |
Leases (Tables)
Leases (Tables) | 6 Months Ended |
Jul. 01, 2023 | |
Leases | |
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: Schedule of ROU Lease Assets and Liabilities for Operating Leases As of As of July 1, 2023 December 31, 2022 Operating lease right-of-use assets $ 116 $ 158 Current portion of lease liabilities 74 74 Operating lease liabilities, net of current portion 41 85 Total lease liability $ 115 $ 159 Weighted average remaining lease term (in years) 1.5 2.1 Weighted average discount rate 5.5 % 5.5 % |
Schedule of ROU Lease Assets and Liabilities for Finance Leases | ROU lease asset and lease liability for our finance lease were recorded in the balance sheet as follows: Schedule of ROU Lease Assets and Liabilities for Finance Leases As of As of July 1, 2023 December 31, 2022 Finance lease right-of-use asset $ 43 $ 53 Current portion of lease liabilities 15 15 Finance lease liabilities, net of current portion 31 39 Total lease liabilities $ 46 $ 54 Weighted average remaining lease term (in years) 3.0 3.4 Weighted average discount rate 6.5 % 6.5 % |
Schedule of Future Lease Payments | Future lease payments included in the measurement of lease liabilities on the balance sheet as of July 1, 2023 are as follows: Schedule of Future Lease Payments Operating lease liabilities Finance lease liability Total 2023 (remainder of year) $ 34 $ 8 $ 42 2024 81 18 99 2025 7 18 25 2026 - 7 7 Total future minimum lease payments 122 51 173 Present value adjustment (7 ) (5 ) (10 ) Total $ 115 $ 46 $ 163 |
Schedule of Inventories (Detail
Schedule of Inventories (Details) - USD ($) $ in Thousands | Jul. 01, 2023 | Dec. 31, 2022 |
Inventory Disclosure [Abstract] | ||
Finished products | $ 1,503 | $ 1,387 |
Raw materials and packaging | 916 | 1,076 |
Inventories, net | $ 2,419 | $ 2,463 |
Schedule of Earnings Per Share,
Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 01, 2023 | Jul. 02, 2022 | Jul. 01, 2023 | Jul. 02, 2022 | |
Loss per common share: | ||||
Loss, numerator, basic computation | $ (318) | $ (208) | $ (427) | $ (3) |
Net loss, numerator, diluted computation | $ (318) | $ (208) | $ (427) | $ (3) |
Weighted average shares - denominator basic computation | 5,154 | 5,154 | 5,154 | 5,154 |
Weighted average shares, as adjusted - denominator diluted computation | 5,154 | 5,154 | 5,154 | 5,154 |
Loss per common share - basic | $ (0.06) | $ (0.04) | $ (0.08) | $ 0 |
Loss per common share - diluted | $ (0.06) | $ (0.04) | $ (0.08) | $ 0 |
Schedule of Weighted Average Nu
Schedule of Weighted Average Numbers of Shares (Details) - shares | 3 Months Ended | |
Jul. 01, 2023 | Jul. 02, 2022 | |
Common Stock Options [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Shares subject to outstanding common stock options | 250,000 |
Schedule of Stock Option Activi
Schedule of Stock Option Activity (Details) | 6 Months Ended |
Jul. 01, 2023 $ / shares shares | |
Share-Based Payment Arrangement [Abstract] | |
Non-qualified options, outstanding, beginning balance | shares | 250,000 |
Non-qualified options, weighted average exercise price beginning balance | $ / shares | $ 0.95 |
Non-qualified options, granted | shares | |
Non-qualified options, weighted average exercise price, granted | $ / shares | |
Non-qualified options, exercised | shares | |
Non-qualified options, weighted average exercise price, exercised | $ / shares | |
Non-qualified options, outstanding, ending balance | shares | 250,000 |
Non-qualified options, weighted average exercise price ending balance | $ / shares | $ 0.95 |
Non-qualified options,exercisable | shares | 83,333 |
Non-qualified options, weighted average exercise price, exercisable | $ / shares | $ 0.95 |
Schedule of Information About S
Schedule of Information About Stock Options (Details) - $ / shares | 6 Months Ended | |
Jul. 01, 2023 | Dec. 31, 2022 | |
Share-Based Payment Arrangement [Abstract] | ||
Range of exercise prices | $ 0.95 | |
Number of option shares, outstanding | 250,000 | 250,000 |
Weighted average remaining life (in years) | 4 years 6 months | |
Weighted average exercise price | $ 0.95 | |
Number of exercisable | 83,333 |
Share Based Compensation (Detai
Share Based Compensation (Details Narrative) - USD ($) | 6 Months Ended | 12 Months Ended | |
Jul. 01, 2023 | Jul. 02, 2022 | Dec. 31, 2022 | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Performance-based compensation | |||
Number of shares outstanding | 250,000 | 250,000 | |
Intrinsic value of options outstanding | $ 35,000 | ||
Intrinsic value of exercisable options | 12,000 | ||
Unrecognized compensation cost | $ 65,000 | ||
Number of shares options will expire | 250,000 | ||
General and Administrative Expense [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Share based compensation | $ 13,000 | ||
Non-Qualified Options [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Number of shares outstanding | 250,000 | ||
2014 Equity Incentive Plan [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Common stock available for awards | 250,000 | ||
Performance-based compensation | 0 | 250,000 | 250,000 |
Exercise price | $ 0.95 | ||
Number of shares options vested | 83,333 | 83,333 | |
Expected volatility | 82.65% | ||
Risk free interest rate | 3.79% | ||
Dividend rate | 0% | ||
Expected term | 5 years | ||
2014 Equity Incentive Plan [Member] | December 2023 [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Number of shares options will vest in future | 83,333 | 83,333 | |
2014 Equity Incentive Plan [Member] | December 2024 [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Number of shares options will vest in future | 83,334 | 83,334 |
Notes Payable (Details Narrativ
Notes Payable (Details Narrative) - Paycheck Protection Program [Member] - USD ($) $ in Thousands | 9 Months Ended | ||
May 02, 2020 | Oct. 01, 2022 | Jan. 02, 2021 | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||
Proceeds from loan | $ 165 | ||
Loan payable interest rate | 1% | ||
Loan borrowed | $ 165 | ||
Forgiveness of debt | $ 165 |
Schedule of Disaggregation Reve
Schedule of Disaggregation Revenue (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 01, 2023 | Jul. 02, 2022 | Jul. 01, 2023 | Jul. 02, 2022 | |
Disaggregation of Revenue [Line Items] | ||||
Revenues | $ 2,719 | $ 2,979 | $ 5,208 | $ 6,442 |
Frozen Desserts And Foods [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 436 | 453 | 826 | 1,000 |
Cheeses [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 2,283 | 2,526 | 4,382 | 5,442 |
Americas [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 2,586 | 2,780 | 5,006 | 6,065 |
Europe [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 7 | 109 | 11 | 109 |
Asia Pacific And Africa [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 57 | |||
Middle East [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | $ 126 | $ 90 | $ 134 | $ 268 |
Revenue (Details Narrative)
Revenue (Details Narrative) - Americas [Member] | Jul. 02, 2023 | Jul. 01, 2023 | Jul. 02, 2022 |
Thirteen Weeks Sales [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue, performance obligation, percentage | 93% | 94% | |
Twenty Six Weeks Sales [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue, performance obligation, percentage | 94% | 91% |
Schedule of ROU Lease Assets an
Schedule of ROU Lease Assets and Liabilities for Operating Leases (Details) - USD ($) $ in Thousands | Jul. 01, 2023 | Dec. 31, 2022 |
Leases | ||
Operating lease right-of-use assets | $ 116 | $ 158 |
Current portion of lease liabilities | 74 | 74 |
Operating lease liabilities, net of current portion | 41 | 85 |
Total lease liability | $ 115 | $ 159 |
Weighted average remaining lease term (in years) | 1 year 6 months | 2 years 1 month 6 days |
Weighted average discount rate | 5.50% | 5.50% |
Schedule of ROU Lease Assets _2
Schedule of ROU Lease Assets and Liabilities for Finance Leases (Details) - USD ($) $ in Thousands | Jul. 01, 2023 | Dec. 31, 2022 |
Leases | ||
Finance lease right-of-use asset | $ 43 | $ 53 |
Current portion of lease liabilities | 15 | 15 |
Finance lease liabilities, net of current portion | 31 | 39 |
Total lease liabilities | $ 46 | $ 54 |
Weighted average remaining lease term (in years) | 3 years | 3 years 4 months 24 days |
Weighted average discount rate | 6.50% | 6.50% |
Schedule of Future Lease Paymen
Schedule of Future Lease Payments (Details) - USD ($) $ in Thousands | Jul. 01, 2023 | Dec. 31, 2022 |
Leases | ||
Operating lease liabilities, remainder of year | $ 34 | |
Finance lease liability, remainder of year | 8 | |
Financing lease and Operating lease, remainder of year | 42 | |
Operating lease liabilities, year one | 81 | |
Finance lease liability, year one | 18 | |
Financing lease and Operating lease, year one | 99 | |
Operating lease liabilities, year two | 7 | |
Finance lease liability, year two | 18 | |
Financing lease and Operating lease, year two | 25 | |
Operating lease liabilities, year three | ||
Finance lease liability, year three | 7 | |
Financing lease and Operating lease, year three | 7 | |
Operating lease liabilities, future minimum lease payments | 122 | |
Finance lease liability, future minimum lease payments | 51 | |
Financing lease and Operating lease, future minimum lease payments | 173 | |
Operating lease liabilities, Present value adjustment | (7) | |
Finance lease liability, Present value adjustment | (5) | |
Financing lease and Operating lease, Present value adjustment | (10) | |
Operating lease liabilities, Total | 115 | $ 159 |
Finance lease liability, Total | 46 | $ 54 |
Financing lease and Operating lease, Total | $ 163 |
Leases (Details Narrative)
Leases (Details Narrative) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 01, 2023 USD ($) ft² | Jul. 02, 2022 USD ($) | Jul. 01, 2023 USD ($) ft² | Jul. 02, 2022 USD ($) | |
Leases | ||||
Area of real estate property | ft² | 6,200 | 6,200 | ||
Rent expenses | $ 23 | $ 20 | $ 46 | $ 40 |
Warehouse expenses | 85 | 95 | 161 | 191 |
Payments for rent copiers | $ 4 | $ 5 | $ 8 | $ 12 |
Incremental borrowing rate, percentage | 5.50% |