TOFUTTI BRANDS INC
For the period ended Dec 30, 2023. Filed Apr 3, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 3, 2024
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Statements of Operations
(In thousands, except for per share data)
| Fiscal year ended December 30, 2023 | Fiscal year ended December 31, 2022 | |
|---|---|---|
| Net sales | $10,068 | $12,827 |
| Cost of sales | 7,271 | 10,485 |
| Gross profit | 2,797 | 2,342 |
| Operating expenses: | ||
| Selling and warehousing | 1,054 | 1,147 |
| Marketing | 424 | 564 |
| Product development costs | 166 | 143 |
| General and administrative | 1,391 | 1,404 |
| Total operating expenses | 3,035 | 3,258 |
| Income (loss) from operations | (238) | (916) |
| SBA loan forgiveness | - | 165 |
| Income (loss) before interest expense and income taxes | (238) | (751) |
| Interest expense | 2 | 2 |
| Income (loss) before provision for income taxes | (240) | (753) |
| Expense (Benefit from) provision for income taxes | 126 | (228) |
| Net (loss) | $(366) | $(525) |
| Weighted average common shares outstanding: | ||
| Basic | 5,154 | 5,154 |
| Diluted | 5,154 | 5,154 |
| Net (loss) per common share: | ||
| Basic | $(0.07) | $(0.10) |
| Diluted | $(0.07) | $(0.10) |
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