TOFUTTI Announces First Quarter Results(s profit ...),Health

Operating expenses 1,184 1,472

Income before income taxes 343 224

Income taxes 139 96

Net income $204 $128

Net income per common share:

Basic $0.04 $0.02

Diluted $0.03 $0.02

Weighted average common shares outstanding:

Basic 5,619 5,543

Diluted 5,869 5,813

TOFUTTI BRANDS INC.

Condensed Balance Sheets

(in thousands, except share figures)

March 29, December 29,

2008 2007

(unaudited)

Assets

Current assets:

Cash and cash equivalents $596 $1,499

Accounts receivable, net of allowance

for doubtful accounts and sales promotion

of $438 and $430, respectively 1,862 1,991

Inventories 2,162 1,552

Prepaid expenses 23 46

Refundable income taxes 635 770

Deferred income taxes 298 298

Total current assets 5,576 6,156

Fixed assets, net of accumulated

amortization of $20 and $19 23 24

Other assets
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