TOFUTTI BRANDS INC
For the period ended Dec 27, 2025. Filed Apr 13, 2026.
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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.
FY2025 · Filed Apr 13, 2026
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What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-K
Period ended 2024-12-28; filed 2025-03-28.
0001641172-25-001291
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-K
Period ended 2025-12-27; filed 2026-04-13.
0001493152-26-016366
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 59 previous paragraphs and 59 current paragraphs.
28 unchanged; 22 reworded; 9 added; 9 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 2 previous and 2 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (9)
Current report
In July 2025, the FASB issued ASU No. 2025-05,“Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets”, which provides all entities, including public business entities, with a practical expedient, which allows the entity to assume that current conditions as of the balance sheet date do not change for the remaining life of the asset when developing reasonable and supportable forecasts as part of estimating expected credit losses. The amendments in ASU No. 2025-05 should be applied prospectively and are effective for all entities for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. The Company does not anticipate the adoption of this standard to have a material impact on the financial statements.
Current report
The closing of the principal production facility for our non-dairy cheeses raises substantial doubt about our ability to continue as a going concern.***
Current report
We learned in February 2026 that the owner of our primary co-packer for our key products intends to close its plant effective July 31, 2026. The products this facility produces represented approximately 80% of our sales for the year ended December 27, 2025. While management is actively searching for an alternative co-packer, there is no assurance a suitable replacement can be found. In addition, the Company has recurring losses from operations, cash used in operations and declining revenues. These conditions result in substantial doubt about our ability to continue as a going concern.
Current report
The ability to continue as a going concern is defined as the ability of a company to meet its obligations for at least twelve months from the date these financial statements are issued. Our financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Current report
Fifty-Two Weeks Ended December 27, 2025 Compared with Fifty-Two Weeks Ended December 28, 2024
Current report
Our gross profit for the year ended December 27, 2025, decreased by $203,000 to $2,048,000 from $2,251,000 for the fifty-two weeks ended December 28, 2024. Our gross profit percentage for each of the fifty-two weeks ended December 27, 2025 and December 28, 2024 was 26%. Additionally, sales promotion and allowance expense decreased by $107,000 or 12% to $758,000 for the fifty-two weeks ended December 27, 2025 compared to $865,000 for the fifty-two weeks ended December 28, 2024 due to the decrease in sales. Our sales promotion and allowance expense includes items such as off-invoice sales allowances, manufacturer charge backs (MCBs), early pay cash discount, coupons and slotting fees. Historically, our total sales promotion and allowance expense averages between 10% - 12% annually. Sales promotion and allowance expense was 10% of net sales for both fiscal periods.
Current report
Selling and warehousing expenses increased by $21,000, or 25%, to $890,000 for the fifty-two weeks ended December 27, 2025 from $869,000 for the fifty-two weeks ended December 28, 2024. This increase was primarily attributable to increases in commission expense of $48,000 and travel, entertainment, and auto expense of $18,000. These increases were partially offset by decreases in meetings and conventions expense of $37,000, outside warehouse rental expense of $8,000, and bad debt expense of $7,000. The increase in commission expense represented the cost of a retainer fee to a new independent broker.
Current report
Marketing expenses increased in the fifty-two weeks ended December 27, 2025 by $31,000, or 7%, to $447,000 compared to $416,000 in the fiscal period ended December 28, 2024 due to increases in artwork and plate expenses of $15,000 and promotions expense of $38,000, which were partially offset by a decrease in advertising expense of $20,000.
Current report
Product development expenses increased by $24,000, or 18 %, to $156,000 in the fifty-two weeks ended December 27, 2025 from $132,000 in the fifty-two weeks ended December 28, 2024. The increase was primarily attributable to an increase in professional fees and outside services expense of $18,000 and lab costs and supplies expense of $18,000 which were partially offset by decreases in utilities expense of $9,000 and depreciation expense of $4,000.
Removed paragraphs (9)
Previous report
In November 2023, the FASB issued ASU 2023-07,Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The ASU is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The standard is effective for annual reporting periods beginning after December 15, 2023, and interim periods beginning after December 15, 2024. The Company’s adoption of this standard effective for the fiscal year ending December 28, 2024 resulted in increased disclosures in the notes to its financial statements.
Previous report
Recent Developments
Previous report
As of fiscal year end December 28, 2024, our ability to handle customer and consumer communications, schedule production and order ingredients necessary for our production has not materially changed. Nor have we experienced any significant change in the timeliness of payments of our invoices. Our cash position as of March 25, 2025 was approximately $626,000.
Previous report
Fiscal Year Ended December 28, 2024 Compared with Fiscal Year Ended December 30, 2023
Previous report
Our gross profit for the year ended December 28, 2024, decreased by $546,000 to $2,251,000 from $2,797,000 for the fiscal year ended December 30, 2023. Our gross profit percentage for the fiscal year ended December 28, 2024 was 26% compared to 28% for the fiscal year ended December 30, 2023. The decrease in gross profit percentage was caused primarily by the decrease in sales and the increase in the cost of packaging and certain key ingredients. During the fourth quarter of 2024, we instituted a general price increase which became effective at the start of fiscal year 2025.
Previous report
Selling and warehousing expenses decreased by $185,000, or 18%, to $869,000 for the fiscal year ended December 28, 2024 from $1,054,000 for the fiscal year ended December 30, 2023. This decrease was primarily attributable to decreases in commission expense of $99,000, bad debt expense of $15,000, meetings and convention expense of $61,000, and delivery and shipping supply expenses of $25,000, which were partially offset by an increase in outside warehouse rental expenses of $20,000. The decrease in commission expenses is due to the decrease in sales.
Previous report
Marketing expenses decreased slightly in the fiscal year ended December 28, 2024 by $8,000, or 2%, to $416,000 compared to $424,000 in the fiscal period ended December 30, 2023 due to decreases in advertising expense of $34,000, point of sale material expense of $14,000 and public relations expense of $5,000, which were partially offset by an increase in promotion expense of $33,000 and artwork and gift expense of $11,000.
Previous report
Research and development expenses decreased by $34,000, or 20%, to $132,000 in the fiscal year ended December 28, 2024 from $166,000 in the fiscal year ended December 30, 2023. The decrease was primarily attributable to a decrease in professional fees and outside services expense of $24,000.
Previous report
We believe our existing cash on hand and working capital as of December 28, 2024, and our expected cash flows from operations will be sufficient to support our operating and capital requirements for at least the next twelve months.
Reworded paragraphs (22)
Previous wording
Key sales terms, such as pricing and quantities ordered, are established on a frequent basis such that most customer arrangements and related incentives have a one year or shorter duration. As such, we do not capitalize contract inception costs and we capitalize product fulfillment costs in accordance with U.S. GAAP and our inventory policies. We generally do not have any unbilled receivables at the end of a period.
Current wording
Key sales terms, such as pricing and quantities ordered, are established on a frequent basis such that most customer arrangements and related incentives have a one year or shorter duration. As such, we do not capitalize contract inception costs and we capitalize product fulfilment costs in accordance with U.S. GAAP and our inventory policies. We generally do not have any unbilled receivables at the end of a period.
Previous wording
Accounts Receivable. The majority of our accounts receivables are due from distributors (domestic and international) and retailers. Credit is extended based on evaluation of a customers’ financial condition and, generally, collateral is not required. Accounts receivable are most often due within 30 to 90 days and are stated at amounts due from customers net of an allowance for doubtful accounts and reserve for sales promotions. Accounts outstanding longer than the contractual payment terms are considered past due. We determine whether an allowance is necessary by considering a number of factors, including the length of time trade accounts receivable are past due, our previous loss history, the customer’s current ability to pay its obligation, and the condition of the general economy and the industry as a whole. We write-off accounts receivable when they become uncollectible, and payments subsequently received on such receivables are credited to the bad debt expense account. We do not accrue interest on accounts receivable past due.
Current wording
Accounts Receivable. The majority of our accounts receivable are due from distributors (domestic and international) and retailers. Credit is extended based on evaluation of a customer’s financial condition and, generally, collateral is not required. Accounts receivable are most often due within 30 to 90 days and are stated at amounts due from customers net of credit losses and sales promotions. Accounts outstanding longer than the contractual payment terms are considered past due. We determine whether an allowance is necessary by considering a number of factors, including the length of time trade accounts receivable are past due, our previous loss history, the customer’s current ability to pay its obligation, and the condition of the general economy and the industry as a whole. We write-off accounts receivable when they become uncollectible, and payments subsequently received on such receivables are credited to the bad debt expense account. We do not accrue interest on accounts receivable past due.
Previous wording
*Inventory.*Inventory is stated at lower of cost or net realizable value determined by first in first out (FIFO) method. Inventories in excess of future demand are written down and charged to the provision for inventories. At the point of which loss is recognized, a new, lower cost basis for that inventory is established and subsequent changes in facts and circumstances do not result in the restoration or increase in the newly established cost basis.
Current wording
*Inventory.*Inventory is stated at lower of cost or net realizable value determined by first in first out (FIFO) method. Inventories in excess of future demand are written down and charged to the provision for inventories. At the point of which a loss is recognized, a new, lower cost basis for that inventory is established and subsequent changes in facts and circumstances do not result in the restoration or increase in the newly established cost basis.
Previous wording
In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (“ASU 2024-03”), and in January 2025, the FASB issued ASU 2025-01, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date (“ASU 2025-01”). ASU 2024-03 requires additional disclosure of the nature of expenses included in the income statement as well as disclosures about specific types of expenses included in the expense captions presented in the income statement. ASU 2024-03, as clarified by ASU 2025-01, is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact of these standards will have on it financial statements.
Current wording
In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (“ASU 2024-03”), and in January 2025, the FASB issued ASU 2025-01, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date (“ASU 2025-01”). ASU 2024-03 requires additional disclosure of the nature of expenses included in the income statement as well as disclosures about specific types of expenses included in the expense captions presented in the income statement. ASU 2024-03, as clarified by ASU 2025-01, is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The Company will present the additional required disclosures when it adopts the standard. The Company plans to adopt this standard in fiscal 2027 and will provide the additional disclosures required by ASU 2024-03.
Previous wording
In December 2023, the FASB issued ASU 2023-09,Income Taxes (Topic 740) – Improvements to Income Tax Disclosures (ASU 2023-09). ASU 2023-09 requires that an entity, on an annual basis, disclose additional income tax information, primarily related to the rate reconciliation and income taxes paid. The amendment in the ASU is intended to enhance the transparency and decision usefulness of income tax disclosures. The ASU’s amendments are effective for annual periods beginning after December 15, 2024. The Company is currently evaluating the impact that adoption of ASU 2023-09 will have on its financial statements.
Current wording
In December 2023, the FASB issued ASU 2023-09,Income Taxes (Topic 740) – Improvements to Income Tax Disclosures (ASU 2023-09). ASU 2023-09 requires that an entity, on an annual basis, disclose additional income tax information, primarily related to the rate reconciliation and income taxes paid. The amendment in the ASU is intended to enhance the transparency and decision usefulness of income tax disclosures. The ASU’s amendments are effective for annual periods beginning after December 15, 2024. We adopted this standard in fiscal year 2025 by providing additional disclosures required.
Previous wording
We reported a net loss of $860,000 in fiscal 2024, and have not been consistently profitable in recent years. Our cash decreased to $462,000 as of December 28, 2024, from $837,000 as of December 30, 2023 and our working capital decreased to $2,893,000 as of December 28, 2024 from $3,440,000 as of December 30, 2023. The lack of sufficient working capital in the future could negatively impact our ability to introduce and adequately promote new products. To the extent that we incur operating losses in the future or are unable to generate free cash flows from our business, we may not have sufficient working capital to fund our operations and will be required to obtain additional financing. Such financing may not be available, or, if available, may not be on terms satisfactory to us. If we are unable to maintain revenues, we may not be able sustain profitable operations in the future or generate positive cash flows from our operations.
Current wording
We reported a net loss of $778,000 in fiscal 2025, and have not been consistently profitable in recent years. Our cash decreased to $347,000 as of December 27, 2025, from $462,000 as of December 28, 2024 and our working capital decreased to $2,126,000 as of December 27, 2025 from $2,893,000 as of December 28, 2024. The lack of sufficient working capital in the future could negatively impact our ability to introduce and adequately promote new products. To the extent that we incur operating losses in the future or are unable to generate free cash flows from our business, we may not have sufficient working capital to fund our operations and will be required to obtain additional financing. Such financing may not be available, or, if available, may not be on terms satisfactory to us. If we are unable to maintain revenues, we may not be able sustain profitable operations in the future or generate positive cash flows from our operations.
Previous wording
A significant portion of our sales are to several key distributors, which are large distribution companies with numerous divisions and subsidiaries who act independently. Such distributors as a group accounted for 33% and 37% of our net sales for the fiscal years ended December 28, 2024 and December 30, 2023, respectively. Although we believe that the business associated with any of our primary distributors can be readily transferred to other distributors or directly to supermarket warehouses, if necessary, no assurance can be given that a change in distributors would not be disruptive to our business, which could have a material adverse effect on our business and results of operations.
Current wording
A significant portion of our sales are to several key distributors, which are large distribution companies with numerous divisions and subsidiaries who act independently. Such distributors as a group accounted for 52% and 33% of our net sales for the fifty-two weeks ended December 27, 2025 and December 28, 2024, respectively. Although we believe that the business associated with any of our primary distributors can be readily transferred to other distributors or directly to supermarket warehouses, if necessary, no assurance can be given that a change in distributors would not be disruptive to our business, which could have a material adverse effect on our business and results of operations.
Previous wording
We depend on a limited number of suppliers for ingredients, packaging materials and the production of our products. We do not produce any of our own products. For the years ended December 28, 2024 and December 30, 2023, we purchased approximately 41% and 57%, respectively, of our finished goods from Franklin Foods, including ourBETTER THAN CREAM CHEESE, WHIPPED BETTER THAN CREAM CHEESE, BETTER THAN SOUR CREAM,andBETTER THAN RICOTTA products, and purchased approximately 13% and 9%, respectively, of our finished goods from College Circle Creamery, our frozen dessert novelty co-packer. Any disruption in supply could have a material adverse effect on our company.
Current wording
We depend on a limited number of suppliers for ingredients, packaging materials and the production of our products. We do not produce any of our own products. For the years ended December 27, 2025 and December 28, 2024, we purchased approximately 50% and 41%, respectively, of our finished goods from Franklin Foods, including ourBETTER THAN CREAM CHEESE, WHIPPED BETTER THAN CREAM CHEESE, BETTER THAN SOUR CREAM,andBETTER THAN RICOTTA products, and purchased approximately 9% and 13%, respectively, of our finished goods from College Circle Creamery, our frozen dessert novelty co-packer. Any disruption in supply could have a material adverse effect on our company.
Previous wording
Upon the death of Mr. Mintz in 2021, our continued success is significantly dependent on the services of Steven Kass (age 73), who is serving as our Chief Executive and Financial Officer. The loss of his services would have a material adverse effect on our business and results of operations.
Current wording
Upon the death of Mr. Mintz in 2021, our continued success is significantly dependent on the services of Steven Kass (age 74), who is serving as our Chief Executive and Financial Officer. The loss of his services would have a material adverse effect on our business and results of operations.
Previous wording
We operate on a fiscal year ending on the Saturday closest to December 31. Net sales for the fiscal year ended December 28, 2024 were $8,820,000, a decrease of $1,248,000 or 12%, from net sales of $10,068,000 for the fiscal year ended December 30, 2023. Sales of plant-based cheese products decreased to $7,428,000 in the fiscal year ended December 28, 2024 from $8,564,000 in the fiscal year ended December 30, 2023. Sales of our plant-based cheese products were significantly negatively impacted by increased competition with the introduction of new vegan cheese products by a number of other companies with significantly greater resources than us. Our future product sales of plant-based cheese products could be negatively impacted by the further introduction of other competitive products. Sales of our frozen dessert product lines decreased to $1,392,000 in the fiscal year ended December 28, 2024 from $1,504,000 in fiscal 2023. Sales of our frozen dessert products, which are part of the ice cream food category, have been negatively impacted by the industry-wide decline in ice cream sales.
Current wording
We operate on a fiscal year ending on the Saturday closest to December 31. Net sales for the fifty-two weeks ended December 27, 2025 were $7,776,000, a decrease of $1,044,000 or 12%, from net sales of $8,820,000 for the fifty-two weeks ended December 28, 2024. Sales of plant-based cheese products decreased to $6,668,000 in the fifty-two weeks ended December 27, 2025 from $7,428,000 in the fifty-two weeks ended December 28, 2024. Sales of our plant-based cheese products were significantly negatively impacted by increased competition with the introduction of new vegan cheese products by a number of other companies with significantly greater resources than us. Our future product sales of plant-based cheese products could be negatively impacted by the entry of new competitors and by the further introduction of other competitive products. Sales of our frozen dessert product lines decreased to $1,108,000 in the fifty-two weeks ended December 27, 2025 from $1,392,000 in fiscal 2024. Sales of our frozen dessert products, which are part of the ice cream food category, have been negatively impacted by the industry-wide decline in ice cream sales.
Previous wording
Freight out expense decreased significantly by $91,000 to $682,000 for the year ended December 28, 2024 compared with $773,000 for the year ended December 30, 2023 due to the significant reduction in sales. Freight out expense as a percentage of sales was 8% in the years ended December 28, 2024 and December 30, 2023.
Current wording
Freight out expense decreased significantly by $108,000 to $574,000 for the fifty-two weeks ended December 27, 2025 compared with $682,000 for the fifty-two weeks ended December 28, 2024 due to the significant reduction in sales. Freight out expense as a percentage of sales was 7% and 8% for the fifty-two weeks ended December 27, 2025 and December 28, 2024, respectively. While the effects of the ongoing crisis in the Middle East are as of yet unknown, we anticipate that our freight out expense as a percentage of sales will increase in 2026.
Previous wording
General and administrative expenses increased by $50,000, or 4%, to $1,441,000 for the year ended December 28, 2024 from $1,391,000 for the year ended December 30, 2023. The increase was primarily due to increases in office supplies expense of $22,000, travel, entertainment, and auto expense of $15,000, equipment repair expense of $5,000, security and fire alarm expense of $8,000, building rent expense of $26,000, and general insurance expense of $13,000. These increases were partially offset by decreases in professional fees and outside service expenses of $18,000, public relations expense of $21,000 and non-cash stock options expense of $6,000.
Current wording
General and administrative expenses decreased by $113,000, or 8%, to $1,328,000 for the fifty-two weeks ended December 27, 2025 from $1,441,000 for the fifty-two weeks ended December 28, 2024. The decrease was primarily due to decreases in office supplies expense of $21,000, stock compensation expense of $54,000, security and fire alarm expense of $12,000, building rent expense of $32,000, real and personal property tax expense of $13,000, waste removal expenses of $14,000, and telephone expense of $6,000. These decreases were partially offset by increases in payroll expense of $15,000, travel and entertainment expense of $8,000, IT expense of $10,000, and general insurance expense of $11,000.
Previous wording
Overall, total operating expenses decreased by $177,000, or 6%, to $2,858,000 for the year ended December 28, 2024 compared to total operating expenses of $3,035,000 in the year ended December 30, 2023. We expect our operating expenses in fiscal 2025 will be consistent with those of fiscal 2024.
Current wording
Overall, total operating expenses decreased by $37,000, or 1%, to $2,821,000 for the fifty-two weeks ended December 27, 2025 compared to total operating expenses of $2,858,000 for the fifty-two weeks ended December 28, 2024. We expect our operating expenses in fiscal 2026 will be consistent with those of fiscal 2025.
Previous wording
As a result of the foregoing we recorded an operating loss of $607,000 in the year ended December 28, 2024 as compared with an operating loss of $238,000 in the year ended December 30, 2023.
Current wording
As a result of the foregoing we recorded an operating loss of $773,000 for the fifty-two weeks ended December 27, 2025 as compared with an operating loss of $607,000 for the fifty-two weeks ended December 28, 2024.
Previous wording
Loss before income taxes for the year ended December 28, 2024 was $609,000 compared to loss before income taxes of $240,000 for the year ended December 30, 2023.
Current wording
Loss before income taxes for the fifty-two weeks ended December 27, 2025 was $774,000 compared to loss before income taxes of $609,000 for the fifty-two weeks ended December 28, 2024.
Previous wording
Income taxes for the year ended December 28, 2024 was $251,000 compared to income taxes of $126,000 for the year ended December 30, 2023. The increase was attributed to revaluation of the deferred tax asset.
Current wording
Income taxes for the fifty-two weeks ended December 27, 2025 was $4,000 compared to income taxes of $251,000 for the fifty-two weeks ended December 28, 2024. The income tax expense in fiscal year 2024 was the result of writing off the deferred tax asset balance.
Previous wording
As a result of the foregoing we recorded a net loss of $860,000 in the year ended December 28, 2024 as compared with a net loss of $366,000 in the year ended December 30, 2023.
Current wording
As a result of the foregoing we recorded a net loss of $778,000 for the fifty-two weeks ended December 27, 2025 as compared with a net loss of $860,000 in the fifty-two weeks ended December 28, 2024.
Previous wording
At December 28, 2024, we had approximately $462,000 in cash, and our working capital was $2,893,000 as compared to $837,000 and $3,440,000 at December 30, 2023. We principally operate our business on the cash flows from our operations and currently have no borrowings.
Current wording
At December 27, 2025, we had approximately $347,000 in cash, and our working capital was $2,126,000 as compared to $462,000 and $2,893,000 at December 28, 2024. We principally operate our business on the cash flows from our operations and currently have no borrowings.
Previous wording
Cash used in operating activities for the fiscal year ended December 28, 2024 was $358,000 compared to $225,000 used in operating activities for the fiscal year ended December 30, 2023. Cash used in operating activities was primarily due to the net loss of $860,000, an increase in accounts receivable of $176,000 and a decrease in current liabilities of $245,000, partially offset by a decrease in inventory of $596,000.
Current wording
Cash used in operating activities for the fifty-two weeks ended December 27, 2025 was $98,000 compared to $358,000 used in operating activities for the fifty-two weeks ended December 28, 2024. Cash used in operating activities was primarily due to the net loss of $778,000, which was partially offset by a reduction in inventory of $150,000, a reduction in accounts receivable of $74,000, a reduction in prepaid expenses of $20,000, and an increase in accounts payable and accrued expenses of $412,000.
Previous wording
Cash provided by investing activities was $0 for the fiscal years ended December 28, 2024 and December 30, 2023.
Current wording
Cash used in investing activities was $0 for both the fifty-two weeks ended December 27, 2025 and December 28, 2024 periods, respectively.
Previous wording
Cash used in financing activities was $17,000 for the fiscal year ended December 28, 2024, and $10,000 in the fiscal year ended December 30, 2023. Cash used in financing activities was due to payments made on our finance lease.
Current wording
Cash used in financing activities was $17,000 for the fifty-two weeks ended December 27, 2025, and $17,000 in the fifty-two weeks ended December 28, 2024. Cash used in financing activities was due to payments made on our finance lease for acopier and mail machine.
Previous wording
As a result of the foregoing, our cash decreased to $462,000 at December 28, 2024 from $837,000 at December 30, 2023.
Current wording
As a result of the foregoing, our cash decreased to $347,000 at December 27, 2025 from $462,000 at December 28, 2024.