TOFUTTI BRANDS INC
For the period ended Dec 30, 2023. Filed Apr 3, 2024.
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FY2023 · Filed Apr 3, 2024
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Item 2. Properties
| Item 2. | Properties. |
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Our facilities are located in a one-story facility in Cranford, New Jersey. The 6,200 square foot facility houses our administrative offices, a warehouse, walk-in freezer and refrigerator, and a product development laboratory and test kitchen. Our lease agreement expired in 1999, but we continue to occupy the premises under the terms of that agreement, subject to a six-month notification period from us and the landlord with respect to any changes. We currently have no plans to enter into a long-term lease agreement for the facility. Our rent expense was $93,000 in fiscal 2023 and $86,000 in fiscal 2022. Our management believes that the Cranford facility will continue to satisfy our space requirements for the immediate future. We rent warehouse storage space at various outside facilities. Outside warehouse expenses amounted to $339,000 and $363,000 during fiscal 2023 and 2022, respectively.
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