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:

	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:

	Thirteen weeks Ended July 1, 2023		Thirteen weeks Ended July 2, 2022
Shares subject to outstanding common stock options		250,000		—