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SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

Schedule II — Valuation and Qualifying Accounts

Page 25

All other schedules not listed above have been omitted because they are not applicable or the required information is included in the financial statements or notes thereto.

SCHEDULE II

CROWN CRAFTS, INC. AND SUBSIDIARIES

ANNUAL REPORT ON FORM 10-K

	Valuation and Qualifying Accounts
Column A	Column B		Column C		Column D		Column E
	Balance at Beginning		*Charged to*				Balance at End of
	*of Period*		*Expenses*		*Deductions*		*Period*
	(in thousands)
Accounts Receivable Valuation Accounts:

Year Ended March 31, 2024
Allowance for customer deductions	$	1,474	$	6,139	$	6,443	$	1,170
Allowance for expected credit losses	$	0	$	316	$	0	$	316

Year Ended March 30, 2025
Allowance for customer deductions	$	1,170	$	7,480	$	7,201	$	1,449
Allowance for expected credit losses	$	316	$	0	$	42	$	274

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Note 1- Description of Business

12 Months Ended

Mar. 30, 2025

Nature of Operations [Text Block]

Note 1 – Description of Business

Crown Crafts, Inc. (the “Company”) was originally formed as a Georgia corporation in 1957 and was reincorporated as a Delaware corporation in 2003. The Company operates indirectly through three wholly-owned subsidiaries, NoJo Baby & Kids, Inc. (“NoJo”), Sassy Baby, Inc. (“Sassy”) and Manhattan Toy Europe Limited (“MTE”) in the infant, toddler and juvenile products segment within the consumer products industry. The infant, toddler and juvenile products segment consists of infant and toddler bedding, diaper bags, bibs, disposables, toys and feeding products. Most sales of the Company’s products are generally made directly to retailers, such as mass merchants, large chain stores, mid-tier retailers, juvenile specialty stores, value channel stores, grocery and drug stores, restaurants, wholesale clubs and internet-based retailers. The Company’s products are marketed under a variety of Company-owned trademarks, under trademarks licensed from others and as private label goods.

The Company's fiscal year ends on the Sunday nearest to or on March 31. References herein to “fiscal year 2025” or “2025” represent the 52-week period ended March 30, 2025, and references herein to “fiscal year 2024” or “2024” represent the 52-week period ended March 31, 2024.

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Note 2 - Summary of Significant Accounting Policies

12 Months Ended

Mar. 30, 2025

Significant Accounting Policies [Text Block]

Note 2 - Summary of Significant Accounting Policies

Basis of Presentation: The accompanying consolidated financial statements include the accounts of the Company and have been prepared pursuant to accounting principles generally accepted in the U.S. (“GAAP”) as promulgated by the Financial Accounting Standards Board (“FASB”). References herein to GAAP are to topics within the FASB Accounting Standards Codification (the “FASB ASC”), which the FASB periodically revises through the issuance of an Accounting Standards Update (“ASU”) and which has been established by the FASB as the authoritative source for GAAP recognized by the FASB to be applied by nongovernmental entities.

Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated balance sheets and the reported amounts of revenues and expenses during the periods presented on the consolidated statements of operations and cash flows. Significant estimates are made with respect to:

●

Allowances related to accounts receivable for expected credit losses and for customer deductions for returns, allowances and disputes,

●

Inventory reserves for discontinued finished goods, and

●

A reserve for unrecognized tax liabilities in respect of the tax impact of state apportionment percentages.

Actual results could differ materially from these estimates.

Cash and Cash Equivalents: The Company’s credit facility consists of a revolving line of credit under a financing agreement with The CIT Group/Commercial Services (“CIT”). The Company classifies a negative balance outstanding under this revolving line of credit as cash and cash equivalents, as these amounts are legally owed to the Company and are immediately available to be drawn upon by the Company. There are no compensating balance requirements or other restrictions on the transfer of amounts associated with the Company’s depository accounts.

Financial Instruments: For short-term instruments such as cash and cash equivalents, accounts receivable and accounts payable, the Company uses carrying value as a reasonable estimate of fair value. Additionally, the Company’s long-term debt is a revolving credit facility whereby the Company uses carrying value as a reasonable estimate of fair value.

Segments and Related Information: The Company operates primarily in one principal segment, infant, toddler and juvenile products. These products consist of infant and toddler bedding, diaper bags, bibs, toys and disposable products. Net sales of bedding, diaper bags and net sales of bibs, toys and disposable products for the fiscal years ended March 30, 2025 and March 31, 2024 are as follows (in thousands):

	2025		2024
Bedding and diaper bags	$	41,083	$	32,036
Bibs, toys and disposable products		46,167		55,596
Total net sales	$	87,250	$	87,632

Revenue Recognition: Revenue is recognized upon the satisfaction of all contractual performance obligations and the transfer of control of the products sold to the customer. The majority of the Company’s sales consists of single performance obligation arrangements for which the transaction price for a given product sold is equivalent to the price quoted for the product, net of any stated discounts applicable at a point in time. Each sales transaction results in an implicit contract with the customer to deliver a product as directed by the customer. Shipping and handling costs that are charged to customers are included in net sales, and the Company’s costs associated with shipping and handling activities are included in cost of products sold.

Revenue from sales made directly to consumers is recorded when the shipped products have been received by customers, and excludes sales taxes collected on behalf of governmental entities. Revenue from sales made to retailers is recorded when legal title has been passed to the customer based upon the terms of the customer’s purchase order, the Company’s sales invoice, or other associated relevant documents. Such terms usually stipulate that legal title will pass when the shipped products are no longer under the control of the Company, such as when the products are picked up at the Company’s facility by the customer or by a common carrier. Payment terms can vary from prepayment for sales made directly to consumers to payment due in arrears (generally, 60 days of being invoiced) for sales made to retailers.

Allowances Against Accounts Receivable: The Company estimates certain allowances from revenues recognized through sales made to its customers. These allowances include anticipated returns and claims, expected credit losses, chargebacks related to negotiated customer terms and discounts, cooperative advertising allowances, warehouse allowances, placement fees, volume rebates, coupons, discounts and other allowances.

The allowance for anticipated returns and claims is estimated based upon the Company’s historical experience with actual returns and claims, combined with the consideration of events that could result in a change from historical rates on a per-customer basis. The allowance for anticipated returns and claims is recorded as a reduction of net sales in the reporting period within which the related sales are recorded.

To reduce the Company’s exposure to expected credit losses, and to enhance the predictability of its cash flows, the Company assigns substantially all of its receivables under factoring agreements with CIT. In the event that a factored receivable becomes uncollectible due to creditworthiness, CIT bears the risk of loss. With respect to the receivables that are not assigned under factoring agreements with CIT, the Company addresses this credit risk by establishing an allowance that is intended to represent the Company’s best estimate of the expected credit losses for such receivables. In the development of this estimate, the Company makes a number of judgements utilizing the Current Expected Credit Losses methodology, which requires the Company to estimate lifetime expected credit losses by specifically analyzing the receivables. This analysis incorporates an aging of the receivables, relevant payment history and historical loss experience, as well as the consideration of customer concentrations, customer creditworthiness, negotiated changes to the payment terms of customers, recent economic trends, and expectations regarding economic conditions over a reasonable and supportable future period. The allowance for expected credit losses is included in marketing and administrative expenses in the accompanying consolidated statements of operations.

The allowance for chargebacks related to cooperative advertising, warehouse allowances, placement fees, volume rebates, coupons, discounts and other allowances is recorded commensurate with sales activity or using the straight-line method, as appropriate. The majority of the Company’s allowances for such chargebacks occurs on a per-invoice basis. When a customer requests to have an agreed-upon deduction applied against the customer’s outstanding balance due to the Company, the allowances are correspondingly reduced to reflect such payments or credits issued against the customer’s account balance. The Company analyzes the components of the allowances for customer chargebacks monthly and adjusts the allowances to appropriate levels. Since allowances associated with cooperative advertising are accrued commensurate with sales activity or using the straight-line method, as appropriate, the timing of funding requests for cooperative advertising may result in fluctuations in the allowance from period to period, although such timing should not have a material impact on the consolidated statements of operations. The allowance for cooperative advertising is included in marketing and administrative expenses in the consolidated statements of operations. All other allowances for chargebacks related to warehouse allowances, placement fees, volume rebates, coupons and discounts are recorded as a reduction of net sales in the reporting period within which the related sales are recorded.

The Company’s actual experience associated with its allowances against accounts receivable in a future period may differ from the judgements, estimates, analysis and considerations employed in the development of these allowances. Thus, the Company’s allowances against accounts receivable at any point in time may be over-funded or under-funded.

Credit Concentration: The Company’s accounts receivable at March 30, 2025 amounted to $24.5 million, net of allowances of $1.7 million. Of this amount, $21.9 million was due from CIT under the factoring agreements, which represents the maximum loss that the Company could incur if CIT failed completely to perform its obligations under the factoring agreements. The Company’s accounts receivable at March 31, 2024 amounted to $22.4 million, net of allowances of $1.5 million. Of this amount, $18.6 million was due from CIT under the factoring agreements, which represents the maximum loss that the Company could have incurred if CIT had failed completely to perform its obligations under the factoring agreements.

Inventory Valuation: The preparation of the Company's financial statements requires careful determination of the appropriate value of the Company's inventory balances. Such amounts are presented as a current asset in the accompanying consolidated balance sheets and are a direct determinant of cost of products sold in the accompanying consolidated statements of operations and, therefore, have a significant impact on the amount of net income reported in the accounting periods. The basis of accounting for inventories is cost, which includes the direct supplier acquisition cost, duties, taxes and freight, and the indirect costs to design, develop, source and store the product until it is sold. Once cost has been determined, the Company’s inventory is then stated at the lower of cost or net realizable value, with cost determined using the first-in, first-out method, which assumes that inventory quantities are sold in the order in which they are acquired.

The determination of the indirect charges and their allocation to the Company’s finished goods inventories requires management judgment and estimates. If management made different judgments or utilized different estimates, then differences would result in the valuation of the Company’s inventories and in the amount and timing of the Company’s cost of products sold and the resulting net income for the reporting period.

On a periodic basis, management reviews its inventory quantities on hand for obsolescence, physical deterioration, changes in price levels and the existence of quantities on hand which may not reasonably be expected to be sold within the Company’s normal operating cycle. To the extent that any of these conditions is believed to exist or the market value of the inventory expected to be realized in the ordinary course of business is otherwise no longer as great as its carrying value, an allowance against the inventory value is established. To the extent that this allowance is established or increased during an accounting period, an expense is recorded in cost of products sold in the Company’s consolidated statements of operations. Only when inventory for which an allowance has been established is later sold or is otherwise disposed is the allowance reduced accordingly. Significant management judgment is required in determining the amount and adequacy of this allowance. In the event that actual results differ from management’s estimates or these estimates and judgments are revised in future periods, the Company may not fully realize the carrying value of its inventory or may need to establish additional allowances, either of which could materially impact the Company’s financial position and results of operations.

Leases: The Company capitalizes most of its operating lease obligations as right of use assets and recognizes corresponding lease liabilities. The Company elects to use the practical expedient that permits the Company to exclude short-term agreements of less than 12 months from capitalization. The Company is a party to various operating leases for offices, warehousing facilities and certain office equipment. The leases expire at various dates, have varying options to renew and cancel, and may contain escalation provisions. The Company recognizes as expense non-variable lease payments ratably over the lease term. The key estimates for the Company’s leases include the discount rate used to discount the unpaid lease payment to present value and the lease term. The Company’s leases generally do not include a readily determinable implicit rate; therefore, management determined the incremental borrowing rate to discount the lease payment based on the information available at lease commencement. For purposes of such estimates, a lease term includes the noncancellable period under the applicable lease.

Depreciation and Amortization: The accompanying consolidated balance sheets reflect property, plant and equipment, and certain intangible assets at cost less accumulated depreciation or amortization. The Company capitalizes additions and improvements and expenses maintenance and repairs as incurred. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets, which are three to eight years for property, plant and equipment, and five to twenty years for intangible assets other than goodwill. The Company amortizes improvements to its leased facilities over the term of the lease or the estimated useful life of the asset, whichever is shorter.

Patent Costs: The Company incurs certain legal and related costs in connection with patent applications. The Company capitalizes such costs to be amortized over the expected life of the patent to the extent that an economic benefit is anticipated from the resulting patent or an alternative future use is available to the Company. The Company also capitalizes legal and other costs incurred in the protection or defense of the Company’s patents when it is believed that the future economic benefit of the patent will be maintained or increased and a successful defense is probable. Capitalized patent defense costs are amortized over the remaining expected life of the related patent. The Company’s evaluation of future economic benefit of its patents involves considerable management judgment, and a different conclusion could result in a material impairment charge up to the carrying value of these assets.

Valuation of Long-Lived Assets and Identifiable Intangible Assets: In addition to the depreciation and amortization procedures set forth above, the Company reviews for impairment long-lived asset groups and certain identifiable intangible asset groups whenever events or changes in circumstances indicate that the carrying amount of any asset group may not be recoverable. In the event of an impairment, the asset is written down to its fair value.

Goodwill: Goodwill represents the excess of the purchase price over the fair value of net identifiable assets acquired in business combinations. For the purpose of presenting and measuring for the impairment of goodwill, the Company has two reporting units: one that produces and markets infant and toddler bedding and diaper bags and another that produces and markets infant and toddler bibs, toys, and disposables. The Company reported goodwill net of impairment of $0 and $7.9 million at March 30, 2025 and March 31, 2024, respectively.

The Company measures for impairment of goodwill within its reporting units annually as of the first day of the Company’s fiscal year. An additional interim measurement for impairment is performed during the year whenever an event or change in circumstances occurs that suggests that the fair value of either of the reporting units of the Company has more likely than not (defined as having a likelihood of greater than 50%) fallen below its carrying value. The annual or interim measurement for impairment is performed by first assessing qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If such qualitative factors so indicate, then the measurement for impairment is continued by calculating an estimate of the fair value of each reporting unit and comparing the estimated fair value to the carrying value of the reporting unit. If the carrying value exceeds the estimated fair value of the reporting unit, then an impairment charge is calculated as the difference between the carrying value of the reporting unit and its estimated fair value, not to exceed the goodwill of the reporting unit.

Royalty Payments: The Company has entered into agreements that provide for royalty payments based on a percentage of sales with certain minimum guaranteed amounts. These royalty amounts are accrued based upon historical sales rates adjusted for current sales trends by customers. Royalty expense is included in cost of products sold in the accompanying consolidated statements of operations and amounted to $6.7 million and $5.3 million for the fiscal years ended March 30, 2025 and March 31, 2024, respectively.

Provision for Income Taxes: The Company’s provision for income taxes includes all currently payable federal, state, local and foreign taxes and is based upon the Company’s effective tax rate, which is based on the Company’s pre-tax income, as adjusted for certain expenses within the consolidated statements of operations that will never be deductible on the Company’s tax returns and certain charges expected to be deducted on the Company’s tax returns that will never be deducted on the consolidated statements of operations, multiplied by the statutory tax rates for the various jurisdictions in which the Company operates and reduced by certain anticipated tax credits. The Company files income tax returns in the many jurisdictions in which it operates, including the U.S., several U.S. states and the People’s Republic of China. The statute of limitations varies by jurisdiction; taxable years open to examination as of March 30, 2025 were the fiscal years ended March 30, 2025, March 31, 2024, April 2, 2023, April 3, 2022, March 28, 2021, and March 29, 2020.

Management evaluates items of income, deductions and credits reported on the Company’s various federal and state income tax returns filed and recognizes the effect of positions taken on those income tax returns only if those positions are more likely than not to be sustained. The Company applies the provisions of accounting guidelines that require a minimum recognition threshold that a tax benefit must meet before being recognized in the financial statements. Recognized income tax positions are measured at the largest amount that has a greater than 50% likelihood of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs.

After considering all relevant information regarding the calculation of the state portion of its income tax provision, the Company believes that the technical merits of the tax position that the Company has taken with respect to state apportionment percentages would more likely than not be sustained. However, the Company also realizes that the ultimate resolution of such tax position could result in a tax charge that is more than the amount realized based upon the application of the tax position taken. Therefore, the Company’s measurement regarding the tax impact of the revised state apportionment percentages resulted in the Company recording discrete reserves for unrecognized tax liabilities during the fiscal years ended March 30, 2025 and March 31, 2024 of $22,000 and $43,000, respectively, in the accompanying consolidated statements of operations.

The Company’s policy is to accrue interest expense and penalties as appropriate on any estimated unrecognized tax liabilities as a charge to interest expense in the Company’s consolidated statements of operations. During the fiscal years ended March 30, 2025 and March 31, 2024, the Company accrued $81,000 and $28,000, respectively, for interest expense and penalties on the portion of the unrecognized tax liabilities for which the relevant statute of limitations remained unexpired.

Although management believes that the calculations and positions taken on its filed income tax returns are reasonable and justifiable, the outcome of an examination could result in an adjustment to the position that the Company took on such income tax returns. Such adjustment could also lead to adjustments to one or more other state income tax returns, or to income tax returns for subsequent fiscal years, or both. To the extent that the Company’s reserve for unrecognized tax liabilities is not adequate to support the cumulative effect of such adjustments, the Company could experience a material adverse impact on its future results of operations. Conversely, to the extent that the calculations and positions taken by the Company on the filed income tax returns under examination are sustained, the reversal of all or a portion of the Company’s reserve for unrecognized tax liabilities could result in a favorable impact on its future results of operations.

Advertising Costs: The Company’s advertising costs are primarily associated with cooperative advertising arrangements with certain of the Company’s customers and are recognized using the straight-line method based upon aggregate annual estimated amounts for these customers, with periodic adjustments to the actual amounts of authorized agreements. Advertising expense is included in marketing and administrative expenses in the consolidated statements of operations and amounted to $914,000 and $572,000 for the fiscal years ended March 30, 2025 and March 31, 2024, respectively.

Business Combinations: The Company accounts for acquisitions using the acquisition method of accounting in accordance with FASB ASC Topic 805, Business Combinations. An acquisition is accounted for as a purchase and the appropriate account balances and operating activities are recorded in the Company’s consolidated financial statements as of the acquisition date and thereafter. Assets acquired, liabilities assumed and noncontrolling interests, if any, are measured at fair value as of the acquisition date using the appropriate valuation method. The Company may engage an independent third party to assist with these measurements. Goodwill resulting from an acquisition is recognized for the excess of the purchase price over the fair value of the tangible and identifiable intangible assets, less the liabilities assumed.

(Loss) Earnings Per Share: The Company calculates basic (loss) earnings per share by using a weighted average of the number of shares outstanding during the reporting periods. Diluted shares outstanding are calculated in accordance with the treasury stock method, which assumes that the proceeds from the exercise of all exercisable options would be used to repurchase shares at market value. The net number of shares issued after the exercise proceeds are exhausted represents the potentially dilutive effect of the exercisable options, which are added to basic shares to arrive at diluted shares. Due to the net loss incurred by the Company for the period ended March 30, 2025, diluted shares used in the calculation of the diluted loss per share represented basic shares because the inclusion of the potentially dilutive effect of the exercisable stock options would have resulted in anti-dilution.

Recently-Issued Accounting Standards: In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures, the objective of which is to improve the disclosures about a public entity’s reportable segments by providing more detailed information about a reportable segment’s expenses. For disclosures associated with annual and interim periods, the amendments in ASU No. 2023-07 are required to be adopted for fiscal years beginning after December 15, 2023 and December 15, 2024, respectively, and early adoption is permitted. Upon adoption, a public entity must apply the amendments in ASU No. 2023-07 retrospectively to disclosures of all prior periods presented. The Company adopted ASU No. 2023-07 effective as of April 1, 2024 and the segment reporting disclosures in Note 3 reflect that adoption.

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740) – Improvements to Income Tax Disclosures, the objective of which is to enhance the transparency and decision usefulness of income tax disclosures. The amendments in the ASU are required to be adopted for fiscal years beginning after December 15, 2024 and early adoption is permitted. The Company is evaluating the guidance of ASU No. 2023-09 against its existing disclosures related to income tax disclosures.

In November 2024, the FASB issued ASU No. 2024-03, Income Statement – Reporting Comprehensive – Expense Disaggregation Disclosures (Subtopic 220-40) – Disaggregation of Income Statement Expenses, the objective of which is to enhance the transparency and usefulness of financial statements by requiring public entities to provide more detailed disclosures about their expenses. The amendments in ASU No. 2024-03 are required to be adopted for annual reporting periods beginning after December 15, 2026, and for interim periods within annual reporting periods beginning after December 15, 2027, and early adoption is permitted. The Company is evaluating the guidance of the ASU No. 2024-03 against its existing disclosures related to income statement expenses.

The Company has determined that all other ASU’s issued which had become effective as of March 30, 2025, or which will become effective at some future date, are not expected to have a material impact on the Company’s consolidated financial statements.

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Note 3 - Segment Reporting

12 Months Ended

Mar. 30, 2025

Segment Reporting Disclosure [Text Block]

Note 3 – Segment Reporting

The Company’s operations are managed and reported to its Chief Executive Officer, the Company’s chief operating decision maker (“CODM”), on a consolidated basis. The Company operates primarily in one principal segment, infant, toddler and juvenile products. These products consist of infant and toddler bedding, diaper bags, bibs, toys and disposable products. The CODM assesses performance and allocates resources based on the Company’s consolidated statements of operations, which requires the CODM to manage and evaluate the results of the Company in a consolidated manner to drive efficiencies and develop uniform strategies. Segment asset information is not used by the CODM to allocate resources.

As a single reportable segment entity, the Company’s segment performance measure is net income. The following table presents information about our reportable segment (in thousands):

	2025			2024
Net sales	$	87,250		$	87,632
Less:
Cost of products sold		65,985			64,632
Marketing and administrative expenses		18,690			16,105
Goodwill impairment charge		13,766			-
Interest expense, net and other		1,222			667
Income tax expense (benefit)		(3,057	)		1,334
Segment net income	$	(9,356	)	$	4,894

Included in the profit or loss measure above are the following: For the fiscal year ended March 30, 2025, depreciation expense was $704,000 and amortization expense, including $13.8 million of goodwill impairment, totaled $14.5 million, while for the fiscal year ended March 31, 2024, depreciation and amortization expenses were $835,000 and $601,000, respectively.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Note 4 - Inventories

12 Months Ended

Mar. 30, 2025

Inventory Disclosure [Text Block]

Note 4 – Inventories

As of March 30, 2025 and March 31, 2024, the Company’s balances of inventory were $27.8 million and $29.7 million, respectively, nearly all of which were finished goods.

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Note 5 - Acquisition

12 Months Ended

Mar. 30, 2025

Business Combination [Text Block]

Note 5 – Acquisition

On the July 19, 2024 (the “Closing Date”), NoJo acquired substantially all of the assets, and assumed certain specified liabilities, of Baby Boom Consumer Products, Inc. (“Baby Boom”)(the “Acquisition”), for a purchase price of $18.0 million in cash, subject to a dollar-for-dollar adjustment to the extent that the working capital at closing was greater or less than the target working capital of approximately $6.5 million. The Acquisition was funded by the Company using the proceeds of an $8.0 million term loan from The CIT Group/Commercial Services, Inc. (“CIT”) and additional borrowings under the Company’s revolving line of credit with CIT.

The Acquisition has been accounted for in accordance with FASB ASC Topic 805, Business Combinations. The Company is currently determining the allocation of the acquisition cost with the assistance of an independent third party. The identifiable assets acquired were recorded at their estimated fair value, which has been determined based on available information and the use of multiple valuation approaches. The estimated useful lives of the identifiable intangible assets acquired were determined based upon the remaining time that these assets are expected to directly or indirectly contribute to the future cash flow of the Company. The Company considers the measurement period to have ended as of June 25, 2025 and further considers all measurement period adjustments to be final.

The acquisition cost paid on the Closing Date amounted to $16.3 million, which included the net working capital adjustment. The following table represents the Company’s allocation of the acquisition cost (in thousands) to the identifiable assets acquired and the liabilities assumed based on their respective estimated fair values as of the Closing Date. The excess of the acquisition cost over the estimated fair value of the identifiable net assets acquired is reflected as goodwill.

Tangible assets:
Accounts receivable		3,764
Inventories		1,989
Prepaid expenses and other current assets		354
Total tangible assets		6,107
Amortizable intangible assets:
Tradename		350
Licensing relationships		4,600
Total amortizable intangible assets		4,950
Goodwill		5,840
Total acquired assets		16,897

Liabilities assumed:
Accounts payable		601
Total liabilities assumed		601
Net acquisition cost	$	16,296

Based on the allocation of the acquisition cost, the Company recognized $5.3 million of goodwill as of the Closing Date, the entirety of which was assigned to the reporting unit of the Company that produces and markets infant and toddler bedding and diaper bags, and the entirety of which is expected to be deductible for income tax purposes. The goodwill recognized primarily consists of synergies expected from combining operations of Baby Boom and the Company and intangible assets acquired that do not qualify for separate recognition. The following table represents adjustments made to the amount of goodwill during the fiscal year ended March 30, 2025 (in thousands):

Amount of goodwill recognized based upon the preliminary allocation of the acquisition cost	$	5,319
Adjustments made during the fiscal year ended March 30, 2025:
Increase to pre-acquisition accounts payable		10
Decrease to tradename as of the Closing Date		70
Decrease to licensing relationships as of the Closing Date		500
Settlement of working capital adjustment		(59	)
Net adjustments made during the fiscal year ended March 30, 2025		521

Amount of goodwill recognized as of March 30, 2025	$	5,840

The assets acquired in the Acquisition generated net sales of $11.9 million of bedding and diaper bag products for the period from the Closing Date to March 30, 2025. The Company is unable to reasonably estimate Baby Boom earnings from the Closing Date to March 30, 2025 after making every reasonable effort to do so. Amortization expense associated with the acquired amortizable intangible assets was $234,000 during the year ended March 30, 2025, which is included in marketing and administrative expenses in the accompanying unaudited condensed consolidated statements of operations. Amortization is computed using the straight-line method over the estimated useful lives of the assets, which are 15 years for the tradename, 14 years for the licensing relationships and 14 years on a weighted-average basis for the grouping taken together.

The Company has determined, on a pro forma basis, that the combined net sales and the combined net loss of the Company and Baby Boom, giving effect to the Acquisition as if it had been completed on April 3, 2023, would have been $92.3 million and $8.6 million, respectively, (unaudited) for the fiscal year ended March 30, 2025. The combined net sales and the combined net income would have been $109.9 million and $4.9 million, respectively, (unaudited) for the fiscal year ended March 31, 2024. The combined net income includes adjustments related to the amortization of the amortizable intangible assets acquired and estimates of the interest expense and income tax expense or benefit that would have been incurred, but otherwise do not reflect the costs of any integration activities or benefits that may result from the realization of future cost savings from operating efficiencies, or any revenue, tax or other synergies that may result from the Acquisition.

The entire disclosure for business combination.

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Note 6 - Financing Arrangements

12 Months Ended

Mar. 30, 2025

Debt Disclosure [Text Block]

Note 6 – Financing Arrangements

Factoring Agreements: To reduce its exposure to credit losses, the Company assigns the majority of its trade accounts receivable to CIT, a subsidiary of First Citizens Bank, pursuant to factoring agreements, which have expiration dates that are coterminous with that of the financing agreement described below. Under the terms of the factoring agreements, CIT remits customer payments to the Company as such payments are received by CIT. As such, the Company does not take advances on the factoring agreements.

CIT bears credit losses with respect to assigned accounts receivable from approved shipments, while the Company bears the responsibility for adjustments from customers related to returns, allowances, claims and discounts. CIT may at any time terminate or limit its approval of shipments to a particular customer. If such a termination or limitation occurs, the Company either assumes (and may seek to mitigate) the credit risk for shipments to the customer after the date of such termination or limitation or discontinues shipments to the customer. Factoring fees, which are included in marketing and administrative expenses in the accompanying consolidated statements of operations, were $386,000 and $353,000 during the fiscal years ended March 30, 2025 and March 31, 2024, respectively.

Credit Facility: The Company’s credit facility includes a revolving line of credit and a term loan of $8.0 million under a financing agreement with CIT. The Company may borrow up to $40 million under the revolving line of credit, which includes a $1.5 million sub-limit for letters of credit, bearing interest at prime minus 0.5% or the Secured Overnight Financing Rate (“SOFR”) plus 1.6%, and is secured by a first lien on all assets of the Company. The financing agreement for the revolving line of credit matures on July 19, 2029. At March 30, 2025, the Company had elected to pay interest on balances owed under the revolving line of credit, if any, under the SOFR option, which was 5.9%. The financing agreement also provides for the payment by CIT to the Company of interest at prime as of the beginning of the calendar month minus 2.0% on daily negative balances, if any, held at CIT.

At March 30, 2025 and March 31, 2024, the balances on the revolving line of credit were $11.9 million and $8.1 million, respectively, there was no letter of credit outstanding and $13.8 million and $19.2 million, respectively, was available under the revolving line of credit based on the Company’s eligible accounts receivable and inventory balances. The financing agreement contains usual and customary covenants for agreements of that type, including limitations on other indebtedness, liens, transfers of assets, investments and acquisitions, merger or consolidation transactions, transactions with affiliates, and changes in or amendments to the organizational documents for the Company and its subsidiaries.

The Company’s credit facility as of March 30, 2025 includes an $8.0 million term loan, issued July 19, 2024, which is payable by the Company in 48 equal monthly installments and bears interest at SOFR plus 2.25% (6.6% at March 30, 2025). The balance on the term loan as of March 30, 2025 was $6.7 million, including $2.0 million classified as current.

On January 2, 2025, the Company and its subsidiaries entered into a letter agreement with CIT with respect to the financing agreement, pursuant to which CIT waived the Company’s non-compliance with the fixed charge coverage ratio required under the financing agreement with respect to the Company’s fiscal quarters ended September 29, 2024 and December 29, 2024. In addition, the letter agreement modified the financing agreement by changing the Excess Availability (as defined in the agreement) to $7,000,000 (from 50% of the outstanding balance of the Company’s term loan under the financing agreement). Upon notice to the Company, CIT may reverse such modification.

On February 10, 2025, the Company and CIT amended the Company’s financing agreement with CIT to: (i) waive, with respect to the fiscal year ending March 30, 2025, and through the fiscal year ending March 29, 2026, the Company’s obligation to comply with the fixed charge coverage ratio; and (ii) increase the Excess Availability (as defined in the financing agreement) required to be maintained by the Company with respect to its revolving line of credit under the financing agreement from $7,000,000 to $7,500,000, until further notice to the Company by CIT. After such notice, the Excess Availability required to be maintained by the Company shall be 50% of the outstanding balance of the Company’s term loan under the financing agreement. The Company has amended the financing agreement subsequent to year end. See Note 15 Subsequent events for additional information.

The Company evaluates the fair value of its debt using three levels. Fair value should be based on the assumptions market participants would use when pricing the liability and establishes a fair value hierarchy that prioritizes the inputs used to develop those assumptions and measure fair value. The hierarchy requires companies to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:

●

Level 1 – Includes the most reliable sources, and includes quoted prices in active markets for identical assets or liabilities.

●

Level 2 – Includes observable inputs. Observable inputs include inputs other than quoted prices that are observable for the liability, interest rates and forward rate curves, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the liabilities.

●

Level 3 – Includes unobservable inputs and should be used only when observable inputs are unavailable.

The following table presents fair value of the debt as of March 30, 2025:

			Fair Value Measurement Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
Term loan	$	6,652	$	-	$	6,652	$	-
Revolving line of credit		11,627		-		11,627		-
Total debt	$	18,279	$	-	$	18,279	$	-

The Company uses a valuation model to determine the fair value of the revolving line of credit and the term loan. The Company uses a discounted cash flow model to project the future principal and interest payments over the remaining life of the loans. The significant inputs used in the model are observable market data including SOFR Forward Curves.

Net debt issuance costs are presented as a direct reduction of the Company's long-term debt in the consolidated balance sheets and amounted to $30,000 and $0 as of March 30, 2025 and March 31, 2024, respectively. The amortization of the debt issuance costs was charged to interest expense. The amount of debt issuance costs included in interest expense were $7,000 and $0 during the fiscal years ended March 30, 2025 and March 31, 2024, respectively.

The aggregate maturities of long-term debt for each of the five years subsequent to March 30, 2025 are: $2 million in 2026, $2 million in 2027, $2.2 million in 2028, $500,000 in 2029 and $11.9 million in 2030.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
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Note 7 - Retirement Plan

12 Months Ended

Mar. 30, 2025

Retirement Benefits [Text Block]

Note 7 – Retirement Plan

The Company sponsors a defined contribution retirement savings plan with a cash or deferred arrangement (the “401(k) Plan”), as provided by Section 401(k) of the Internal Revenue Code (the “Code”). The 401(k) Plan covers substantially all employees, who may elect to contribute a portion of their compensation to the 401(k) Plan, subject to maximum amounts and percentages as prescribed in the Code. Each calendar year, the Company’s Board of Directors (the “Board”) determines the portion, if any, of employee contributions that will be matched by the Company.

For calendar years 2025, 2024, 2023 and, the Board established the employer matching contributions at 100% of the first 2% of employee contributions and 50% of the next 3% of employee contributions to the 401(k) Plan. If an employee separates from the Company prior to the full vesting of the funds in their account, then the unvested portion of the matching employer amount in their account is forfeited when the employee receives a distribution from their account. The Company utilizes such forfeitures as an offset to the aggregate matching contributions. The Company’s matching contributions to the 401(k) Plan, net of the utilization of forfeitures, were $359,000 and $320,000 for the fiscal years ended March 30, 2025 and March 31, 2024, respectively.

The entire disclosure for retirement benefits.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 2
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-Section 50
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Note 8 - Goodwill, Customer Relationships and Other Intangible Assets

12 Months Ended

Mar. 30, 2025

Goodwill and Intangible Assets Disclosure [Text Block]

Note 8 – Goodwill, Customer Relationships and Other Intangible Assets

Goodwill: The Company measures for impairment the goodwill within its reporting units annually as of the first day of the Company’s fiscal year. On April 1, 2024, the Company performed a qualitative assessment to determine if it is more likely than not that the fair values of the Company’s reporting units are less than their carrying values by evaluating relevant events and circumstances, including financial performance, market conditions and share price. Based on this assessment, the Company concluded that the goodwill for each of the Company’s reporting units was not considered at risk of impairment.

At March 30, 2025, the Company determined that a triggering event occurred in relation to the depressed market price of the Company’s common stock and corresponding significant decline in the Company’s market capitalization. As a result, the Company performed a quantitative goodwill impairment test.

The fair value of goodwill in each impairment test was determined using a combination of an income approach, which estimates fair value based upon projections of future revenues, expenses, and cash flows discounted to their respective present values, and a market approach. The valuation methodology and underlying financial information included in the Company’s determination of fair value required significant judgments by management. The principal assumptions used in the Company’s discounted cash flow analysis consisted of (a) long-term projections of financial performance and (b) the weighted-average cost of capital of market participants, adjusted for the risk attributable to the Company and the industry in which it operates. Under the market approach, the principal assumption included an estimate of a control premium.

Based on the goodwill impairment analysis performed, the Company determined that the estimated fair values of its reporting units were lower than their carrying value, indicating that the goodwill within these reporting units had been impaired. Consequently, the Company recorded a non-cash goodwill impairment charge of $13.8 million during the year ended March 30, 2025. The following table presents the carrying amounts of the Company’s goodwill (in thousands):

As of April 3, 2023
Gross goodwill	$	30,838
Accumulated impairment losses		(22,912	)
Net goodwill	$	7,926

Additions	$	-
Net goodwill, March 31, 2024	$	7,926

As of March 31, 2024:
Gross goodwill	$	30,838
Accumulated impairment losses		(22,912	)
Net goodwill	$	7,926

Additions	$	5,840
Impairment charge		(13,766	)
Net goodwill, March 30, 2025	$	-

As of March 30, 2025:
Gross goodwill	$	36,678
accumulated impairment losses		(36,678	)
Net goodwill	$	-

Other Intangible Assets: Other intangible assets as of March 30, 2025 and March 31, 2024 consisted primarily of the fair value of identifiable assets acquired in business combinations other than tangible assets and goodwill. The gross amount and accumulated amortization of the Company’s other intangible assets as of March 30, 2025 and March 31, 2024, the amortization expense for the fiscal years ended March 30, 2025 and March 31, 2024, the entirety of which has been included in marketing and administrative expenses in the accompanying consolidated statements of operations, are as follows (in thousands):

									Amortization Expense
	Gross Amount				Accumulated Amortization				Fiscal Year Ended
	*March 30,*		*March 31,*		*March 30,*		*March 31,*		*March 30,*		*March 31,*
	*2025*		*2024*		*2025*		*2024*		*2025*		*2024*
Tradename and trademarks	$	3,217	$	2,867	$	2,316	$	2,185	$	131	$	160
Non-compete covenants		98		98		98		98		-		-
Patents		1,601		1,601		1,160		1,107		53		52
Customer relationships		8,174		8,174		7,007		6,658		349		369
Licensing relationships		4,800		200		259		20		239		20
Total other intangible assets	$	17,890	$	12,940	$	10,840	$	10,068	$	772	$	601

The Company estimates that its amortization expense will be $774,000, $747,000, $701,000, $563,000 and $563,000 in fiscal years 2026, 2027, 2028, 2029 and 2030, respectively.

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Note 9 - Leases

12 Months Ended

Mar. 30, 2025

Lessee, Operating Leases [Text Block]

Note 9 – Leases

During the fiscal years ended March 30, 2025 and March 31, 2024, the Company capitalized operating lease obligations as right of use assets and recognized corresponding lease liabilities in the amount of $999,000 and $993,000. The Company made cash payments related to its recognized operating leases of $4.5 million and $3.6 million during the fiscal years ended March 30, 2025 and March 31, 2024, respectively. Such payments reduced the operating lease liabilities and were included in the cash flows provided by operating activities in the accompanying consolidated statements of cash flows. The Company recognized noncash reductions to its operating right of use assets resulting from reductions to its lease liabilities in the amount of $876,000 and $1.0 million during the fiscal years ended March 30, 2025 and March 31, 2024, respectively. As of March 30, 2025 and March 31, 2024, the Company’s operating leases had weighted-average discount rates of 6.0% and 6.0%, respectively, and weighted-average remaining lease terms of 3.2 years and 3.9 years, respectively.

During the fiscal years ended March 30, 2025 and March 31, 2024, the Company classified its operating lease costs within the accompanying consolidated statements of operations as follows (in thousands):

Cost of products sold	$	4,202	$	3,956
Marketing and administrative expenses		386		388
Total operating lease costs	$	4,588	$	4,344

The maturities of the Company’s operating lease liabilities as of March 30, 2025 are as follows (in thousands):

Fiscal Year
2026	$	4,703
2027		4,384
2028		4,135
2029		850
2030		192
2031		148
2032		48
Total undiscounted operating lease payments		14,460
Less imputed interest		1,366
Operating lease liabilities - net	$	13,094

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Note 10 - Stock-based Compensation

12 Months Ended

Mar. 30, 2025

Share-Based Payment Arrangement [Text Block]

Note 10 – Stock-based Compensation

The Company has three incentive stock plans, the 2006 Omnibus Incentive Plan (the “2006 Plan”), the 2014 Omnibus Equity Compensation Plan (the “2014 Plan”) and the 2021 Incentive Plan (the “2021 Plan”). As a result of the approval of the 2014 Plan by the Company’s stockholders at the Company’s 2014 annual meeting, and the 2021 Plan by the Company’s stockholders at the Company’s 2021 annual meeting, grants may no longer be issued under either the 2006 Plan or the 2014 Plan.

The Company believes that awards of long-term, equity-based incentive compensation will attract and retain directors, officers and employees of the Company and will encourage these individuals to contribute to the successful performance of the Company, which will lead to the achievement of the Company’s overall goal of increasing stockholder value. Awards granted under the 2021 Plan may be in the form of incentive stock options, non-qualified stock options, shares of restricted or unrestricted stock, stock units, stock appreciation rights, or other stock-based awards. Awards may be granted subject to the achievement of performance goals or other conditions, and certain awards may be payable in stock or cash, or a combination of the two. The 2021 Plan is administered by the Compensation Committee of the Board, which selects eligible employees, non-employee directors and other individuals to participate in the 2021 Plan and determines the type, amount, duration (such duration not to exceed a term of ten (10) years for grants of stock options) and other terms of individual awards. At March 30, 2025, 179,000 shares of the Company’s common stock were available for future issuance under the 2021 Plan, which may be issued from authorized and unissued shares of the Company’s common stock or treasury shares.

Stock-based compensation is calculated according to FASB ASC Topic 718, Compensation – Stock Compensation, which requires stock-based compensation to be accounted for using a fair-value-based measurement. During fiscal years 2025 and 2024, the Company recorded $752,000 and $763,000 of stock-based compensation, respectively. The Company records the compensation expense associated with stock-based awards granted to individuals in the same expense classifications as the cash compensation paid to those same individuals. No stock-based compensation costs were capitalized as part of the cost of an asset as of March 30, 2025.

Stock Options: The following table represents stock option activity for fiscal years 2025 and 2024:

	2025					2024
	Weighted-					Weighted-
	Average		Number of			Average		Number of
	Exercise		Options			Exercise		Options
	Price		Outstanding			Price		Outstanding
Outstanding at Beginning of Period	$	6.93		895,500		$	7.32		735,500
Granted	$	5.03		30,000		$	5.20		170,000
Expired	$	7.90		(52,500	)	$	6.14		(10,000	)
Forfeited	$	-		(110,000	)	$	-		-
Outstanding at End of Period	$	6.84		763,000		$	6.93		895,500
Exercisable at End of Period	$	7.11		658,000		$	7.41		665,500

At March 30, 2025, there was no intrinsic value of both the outstanding and exercisable stock options. There were no stock options exercised during the fiscal years ended March 30, 2025, and March 31, 2024. As of March 31, 2024, the intrinsic value of the outstanding and exercisable stock options was $33,000 and $24,000, respectively.

To determine the estimated fair value of stock options granted, the Company uses the Black-Scholes-Merton valuation formula, which is a closed-form model that uses an equation to estimate fair value. The following table sets forth the assumptions used to determine the fair value of the non-qualified stock options awarded to certain employees during fiscal years 2025 and 2024, which options vest over a two-year period, assuming continued service.

	Fiscal Year Ended
	March 30, 2025						March 31, 2024
Number of options issued		10,000			20,000			40,000			10,000			120,000
Grant date	July 15, 2024			June 10, 2024			March 26, 2024			November 14, 2023			June 21, 2023
Dividend yield		6.67	%		6.21	%		6.07	%		7.60	%		6.08	%
Expected volatility		20.00	%		20.00	%		20.00	%		20.00	%		25.00	%
Risk free interest rate		4.23	%		4.62	%		4.38	%		4.56	%		4.29	%
Contractual term (years)		10.00			10.00			10.00			10.00			10.00
Expected term (years)		3.00			3.00			3.00			3.00			3.00
Forfeiture rate		5.00	%		5.00	%		5.00	%		5.00	%		5.00	%
Exercise price (grant-date closing price) per option	$	4.80		$	5.15		$	5.27		$	4.21		$	5.26
Fair value per option	$	0.26		$	0.30		$	0.32		$	0.20		$	0.46

For the fiscal years ended March 30, 2025 and March 31, 2024, the Company recognized compensation expense associated with stock options as follows (in thousands):

	Fiscal Year Ended March 30, 2025
	Cost of		Marketing &
	Products		Administrative		Total
Options Granted in Fiscal Year	Sold		Expenses		Expense
2023	$	6	$	1	$	7
2024		9		15		24
2025		6		2		8

Total stock option compensation	$	21	$	18	$	39

	Fiscal Year Ended March 31, 2024
	Cost of		Marketing &
	Products		Administrative		Total
Options Granted in Fiscal Year	Sold		Expenses		Expense
2022	$	10	$	21	$	31
2023		22		32		54
2024		9		11		20

Total stock option compensation	$	41	$	64	$	105

A summary of stock options outstanding and exercisable as of March 30, 2025 is as follows:

							Weighted-				Weighted-
					Weighted-		Avg. Exercise				Avg. Exercise
			Number		Avg. Remaining		Price of		Number		Price of
Exercise			of Options		Contractual		Options		of Options		Options
Price			Outstanding		Life in Years		Outstanding		Exercisable		Exercisable
$4.00	-	4.99		95,000		5.62	$	4.77		80,000	$	4.81
$5.00	-	5.99		170,000		8.22	$	5.29		80,000	$	5.34
$6.00	-	6.99		100,000		7.19	$	6.54		100,000	$	6.54
$7.00	-	7.99		283,000		5.09	$	7.69		283,000	$	7.69
$8.00	-	8.99		55,000		0.20	$	8.38		55,000	$	8.38
$9.00	-	9.99		60,000		1.19	$	9.60		60,000	$	9.60
				763,000		5.47	$	6.84		658,000	$	7.11

As of March 30, 2025, total unrecognized stock-option compensation costs amounted to $19,000, which will be recognized as the underlying stock options vest over a weighted-average period of 6.4 months. The amount of future stock-option compensation expense could be affected by any future stock option grants and by the separation from the Company of any employee or director who has stock options that are unvested as of such individual’s separation date.

Non-vested Stock Granted to Directors: The following shares of non-vested stock were granted to the Company’s directors:

Number of Shares	Fair Value per Share		Grant Date	Vesting Period (Years)
81,176	$	4.68	August 15, 2024	One
60,412	$	4.85	August 15, 2023	One

The fair value of the non-vested stock granted to the Company’s directors was based on the closing price of the Company’s common stock on the date of each grant.

In August 2024 and August 2023, 60,412 shares and 35,172 shares, respectively, that had been granted to the Company’s directors vested, having an aggregate value of $292,000 and $168,000, respectively. The remaining shares set forth above will vest over the periods indicated, assuming continued service.

Non-vested Stock Granted to Employees: The following shares of non-vested stock were granted to certain of the Company’s employees:

Number of Shares	Fair Value per Share		Grant Date	Vesting Date
179,000	$	3.82	March 26, 2025	March 26, 2028
70,000	$	5.27	March 26, 2024	March 26, 2027
26,000	$	4.77	August 14, 2023	August 14, 2024
40,000	$	5.85	March 21, 2023	March 21, 2025

These shares vest on the dates indicated, assuming continued service. In August 2024 and March 2025, 26,000 shares and 40,000 shares, respectively, that had been granted to certain of the Company’s employees vested, having an aggregate value of $125,000 and $154,000 respectively.

Performance Award Shares: On March 1, 2022, performance awards were granted to certain of the Company’s executive officers, consisting of 187,500 shares, of which: (a) 75,000 shares shall be earned if the closing price per share of the Company’s common stock equals or exceeds $8.00 on ten trading days within any period of twenty consecutive trading days prior to March 1, 2027; and (b) 112,500 shares shall be earned if the closing price per share of the Company’s common stock equals or exceeds $9.00 on ten trading days within any period of twenty consecutive trading days prior to March 1, 2027. Upon the achievement of each applicable stock hurdle described above: (i) one-third of the shares that are earned shall vest on the later of the date on which the shares are earned and March 1, 2023; (ii) one-third of the shares that are earned shall vest on the first anniversary of the date on which the shares are earned; and (iii) one-third shall vest on the second anniversary of the date on which the shares are earned. All shares that are non-earned or non-vested will be forfeited upon the termination of service. The Company, with the assistance of an independent third party, determined that the grant date fair value of the awards amounted to $732,000.

For the fiscal years ended March 30, 2025 and March 31, 2024, the Company recognized compensation expense associated with non-vested stock grants, which is included in marketing and administrative expenses in the accompanying consolidated statements of operations, as follows (in thousands):

Stock Granted in Fiscal Year	2025		2024
2022	$	64	$	185
2023		117		195
2024		262		278
2025		270		-

Total stock grant compensation	$	713	$	658

As of March 30, 2025, total unrecognized compensation expense related to the Company’s non-vested stock grants was $1.1 million, which will be recognized over the remaining portion of the respective vesting periods associated with each block of grants, such grants having a weighted average vesting term of 16.3 months. The amount of future compensation expense related to non-vested stock grants could be affected by any future non-vested stock grants and by the separation from the Company of any individual who has unearned or unvested grants as of such individual’s separation date.

In connection with the retirement of Craig J. Demarest as the Company’s Chief Financial Officer, Vice President and Secretary effective June 30, 2025, the Compensation Committee of the Board accelerated the vesting of the restricted stock award, consisting of 25,000 shares of the Company’s common stock, granted to Mr. Demarest on March 26, 2024, pursuant to the 2021 Plan (the “Award”). The Award was originally scheduled to vest in its entirety on March 26, 2027 (from March 26, 2024, through March 26, 2027, the “Vesting Period”). The Award now will vest on the last day of Mr. Demarest’s employment with the Company (which is expected to be July 1, 2025) as to a number of shares of the Company’s common stock equal to the product of (i) 25,000, multiplied by (ii) a fraction, the numerator of which is the number of days Mr. Demarest was employed by the Company during the Vesting Period and the denominator of which is the number of calendar days in the Vesting Period. The unvested portion of the Award, as of the last day of Mr. Demarest’s employment with the Company, will be forfeited.

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Note 11 - Income Taxes

12 Months Ended

Mar. 30, 2025

Income Tax Disclosure [Text Block]

Note 11 – Income Taxes

The Company’s income tax provision for fiscal years 2025 is summarized below (in thousands):

	Fiscal year ended March 30, 2025
	Current		Deferred			Total
Income tax expense (benefit) on current year income:
Federal	$	950	$	(3,419	)	$	(2,469	)
State		145		(812	)		(667	)
Foreign		15		-			15
Total income tax expense (benefit) on current year income		1,110		(4,231	)		(3,121	)
Income tax expense - discrete items:
Reserve for unrecognized tax benefits		6		-			6
Adjustment to prior year provision		24		-			24
Tax shortfall related to stock-based compensation		34		-			34
Income tax expense - discrete items		64		-			64
Total income tax expense (benefit)	$	1,174	$	(4,231	)	$	(3,057	)

The Company’s income tax provision for fiscal years 2024 is summarized below (in thousands):

	Fiscal year ended March 31, 2024
	Current			Deferred			Total
Income tax expense (benefit) on current year income:
Federal	$	2,065		$	(883	)	$	1,182
State		346			(209	)		137
Foreign		14			-			14
Total income tax expense (benefit) on current year income		2,425			(1,092	)		1,333
Income tax expense (benefit) - discrete items:
Reserve for unrecognized tax benefits		43			-			43
Adjustment to prior year provision		(68	)		-			(68	)
Tax shortfall related to stock-based compensation		26			-			26
Income tax expense - discrete items		1			-			1
Total income tax expense (benefit)	$	2,426		$	(1,092	)	$	1,334

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of March 30, 2025 and March 31, 2024 are as follows (in thousands):

	March 30, 2025			March 31, 2024
Deferred income tax assets:
Employee wage and benefit accruals	$	260		$	148
Accounts receivable and inventory reserves		673			585
Operating lease liabilities		3,241			3,892
Intangible assets		3,490			243
State net operating loss carryforwards		704			704
Accrued interest and penalty on unrecognized tax liabilities		20			18
Stock-based compensation		517			469
Total gross deferred income tax assets		8,905			6,059
Less valuation allowance		(704	)		(704	)
Deferred income tax assets after valuation allowance		8,201			5,355

Deferred income tax liabilities:
Prepaid expenses		(488	)		(552	)
Operating lease right of use assets		(3,033	)		(3,700	)
Intangible assets		-			(666	)
Property, plant and equipment		(172	)		(160	)
Total deferred income tax liabilities		(3,693	)		(5,078	)
Net deferred income tax assets	$	4,508		$	277

In assessing the probability that the Company’s deferred tax assets will be realized, management of the Company has considered whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of taxable income during the future periods in which the temporary differences giving rise to the deferred tax assets will become deductible. The Company has also considered the scheduled inclusion into taxable income in future periods of the temporary differences giving rise to the Company’s deferred tax liabilities. The valuation allowance as of March 30, 2025 and March 31, 2024 was related to state net operating loss carryforwards that the Company does not expect to be realized. Based upon the Company’s expectations of the generation of sufficient taxable income during future periods, the Company believes that it is more likely than not that the Company will realize its deferred tax assets, net of the valuation allowance and the deferred tax liabilities.

The following table sets forth the reconciliation of the beginning and ending amounts of unrecognized tax liabilities for fiscal years ended March 30, 2025 and March 31, 2024 (in thousands):

	2025			2024
Balance at beginning of period	$	394		$	323
Additions related to current year positions		22			43
Additions related to prior year positions		81			28
Revaluations due to change in enacted tax rates		-			-
Reductions for tax positions of prior years		-			-
Reductions due to lapses of the statute of limitations		(86	)		-
Reductions pursuant to judgements and settlements		-			-
Balance at end of period	$	411		$	394

During fiscal years 2025 and 2024, the Company recorded discrete income tax charges of $34,000 and $26,000, respectively, to reflect the effect of the tax shortfall arising from the exercise of stock options and the vesting of non-vested stock during the periods.

The Company’s provision for income taxes is based upon effective tax rates of 24.6% and 21.4% in the fiscal years ended March 30, 2025 and March 31, 2024, respectively. These effective tax rates are the sum of the top U.S. statutory federal income tax rate and a composite rate for state income taxes, net of federal tax benefit, in the various states in which the Company operates, plus the net effect of various discrete items.

The following table reconciles income tax expense on income from continuing operations at the U.S. federal income tax statutory rate to the net income tax provision reported for fiscal years 2025 and 2024 (amounts in thousands):

	Fiscal year ended March 30, 2025						Fiscal year ended March 31, 2024
	Amount			Percentage			Amount			Percentage
Income (loss) before income tax expense	$	(12,413	)		100.0	%	$	6,228			100.0	%

Tax expense (benefit) at federal statutory rate	$	(2,607	)		21.0	%	$	1,308			21.0	%
State income taxes, net of Federal income tax benefit		(527	)		4.2	%		108			1.7	%
Tax credits		(14	)		0.1	%		(115	)		-1.8	%
Discrete items		64			-0.5	%		1			0.0	%
Other - net, including foreign		27			-0.2	%		32			0.5	%
Income tax expense (benefit)	$	(3,057	)		24.6	%	$	1,334			21.4	%

State and foreign income taxes consist primarily of amounts paid to the State of California and the People’s Republic of China, respectively.

The entire disclosure for income tax.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Note 12 - Shareholders' Equity

12 Months Ended

Mar. 30, 2025

Equity [Text Block]

Note 12 – Shareholders’ Equity

Dividends: The holders of shares of the Company’s common stock are entitled to receive dividends when and as declared by the Board. Cash dividends of $0.32 per share were declared during each of fiscal years 2025 and 2024, amounting to $3.3 million and $3.3 million, respectively. The Company’s financing agreement with CIT permits the payment by the Company of cash dividends on its common stock without limitation, provided there is no default before or as a result of the payment of such dividends.

Stock Repurchases: The Company acquired treasury shares by way of the surrender to the Company from several employees shares of common stock to satisfy the exercise price and income tax withholding obligations relating to the exercise of stock options and the vesting of stock. In this manner, the Company acquired 13,000 treasury shares during the fiscal year ended March 30, 2025 at a weighted-average market value of $4.44 per share. There were no such transactions during the fiscal year ended March 31, 2024.

The entire disclosure for equity.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Topic 505
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Note 13 - Major Customers and Concentrations

12 Months Ended

Mar. 30, 2025

Concentration Risk Disclosure [Text Block]

Note 13 – Major Customers and Concentrations

Product Sourcing: Foreign and domestic contract manufacturers produce most of the Company’s products, with the largest concentration being in China. The Company makes sourcing decisions on the basis of quality, timeliness of delivery and price, including the impact of ocean freight and duties. Although the Company maintains relationships with a limited number of suppliers, the Company believes that its products may be readily manufactured by several alternative sources in quantities sufficient to meet the Company’s requirements. The Company’s management and quality assurance personnel visit the third-party facilities regularly to monitor and audit product quality and to ensure compliance with labor requirements and social and environmental standards. In addition, the Company closely monitors the currency exchange rate. The impact of future fluctuations in the exchange rate or changes in safeguards cannot be predicted with certainty.

The U.S. government has implemented tariffs on imports from certain countries, including China. The new tariffs have increased the cost of the products the Company sources from China and have affected shipments from the Company’s Chinese-based suppliers. The Company is currently evaluating the potential impact of the imposition of new tariffs on imports from China to the Company’s business and financial condition. The actual impact of the new tariffs is uncertain because it is subject to a number of factors, including the duration of such tariffs, changes in the amount, scope and nature of the tariffs in the future, any countermeasures that China may take and any mitigation actions that may become available.

The Company maintains foreign representative offices located in Shanghai and Shenzhen, China, which are responsible for the coordination of production, purchases and shipments, seeking out new vendors and overseeing inspections for social compliance and quality. No supplier represented at least 10% of the Company’s total suppliers.

Licensed Products: Certain products are manufactured and sold pursuant to licensing agreements for trademarks. Also, many of the designs used by the Company are copyrighted by other parties, including trademark licensors, and are available to the Company through copyright license agreements. The licensing agreements are generally for an initial term of one to three years and may or may not be subject to renewal or extension. Sales of licensed products represented 50% of the Company’s gross sales in fiscal year 2025, which included 21% of sales under the Company’s license agreements with affiliated companies of The Walt Disney Company, which expire as set forth below:

License Agreement	Expiration
Infant Bedding	September 30, 2025
Infant Feeding and Bath	December 31, 2025
Toddler Bedding	September 30, 2025
Marvel	September 30, 2025
STAR WARS Toddler Bedding	September 30, 2025
STAR WARS - Lego Plush	December 31, 2025

The Company expects to renew the licenses upon their expiration.

Customers: The Company’s customers consist principally of mass merchants, large chain stores, mid-tier retailers, juvenile specialty stores, value channel stores, grocery and drug stores, restaurants, internet accounts and wholesale clubs. The Company does not enter into long-term or other purchase agreements with its customers. The table below sets forth those customers that represented more than 10% of the Company’s gross sales during the fiscal years ended March 30, 2025 and March 31, 2024.

	2025		2024
Walmart Inc.		47%		42%
Amazon.com, Inc.		19%		19%

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
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-Section 50
-Paragraph 21
-Subparagraph (d)(3)
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-Paragraph 3A
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-Topic 275
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
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Note 14 - Commitments and Contingencies

12 Months Ended

Mar. 30, 2025

Commitments and Contingencies Disclosure [Text Block]

Note 14 – Commitments and Contingencies

Royalty expense amounted to $6.7 million and $5.3 million during fiscal years 2025 and 2024, respectively. The Company’s commitment for the next five fiscal years for minimum guaranteed royalty payments under its license agreements as of March 30, 2025 is $2.4 million, consisting of $1.4 million, $640,000, $190,000, $146,000 and $56,000 due in fiscal years 2026, 2027, 2028, 2029 and 2030, respectively.

The Company is, from time to time, involved in various legal proceedings relating to claims arising in the ordinary course of its business. Neither the Company nor any of its subsidiaries is a party to any such legal proceeding the outcome of which, individually or in the aggregate, is expected to have a material adverse effect on the Company’s financial position, results of operations or cash flows.

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Note 15 - Subsequent Events

12 Months Ended

Mar. 30, 2025

Subsequent Events [Text Block]

Note 15 – Subsequent Events

On June 23, 2025, the Company and CIT amended the Company’s financing agreement with CIT to: (i) provide that, until the Company’s term loan is paid in full, the Company shall maintain at all times Excess Availability (as defined in the financing agreement) equal to or the greater of (a) the sum of the balance outstanding under the Company’s term loan plus $1,000,000 or (b) $4,000,000 (the “Availability Covenant”); and (ii) reinstate the fixed charge coverage ratio; provided however, that the fixed charge coverage ratio shall not be tested at any fiscal quarter end in which, during the immediately preceding fiscal quarter, the Company at all times has been in compliance with the Availability Covenant. As of March 30, 2025, the Company has complied with the Excess Availability requirements.

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Significant Accounting Policies (Policies)

12 Months Ended

Mar. 30, 2025

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Use of Estimates, Policy [Policy Text Block]

●

Allowances related to accounts receivable for expected credit losses and for customer deductions for returns, allowances and disputes,

●

Inventory reserves for discontinued finished goods, and

●

A reserve for unrecognized tax liabilities in respect of the tax impact of state apportionment percentages.

Actual results could differ materially from these estimates.

Cash and Cash Equivalents, Policy [Policy Text Block]

Fair Value of Financial Instruments, Policy [Policy Text Block]

Segment Reporting, Policy [Policy Text Block]

	2025		2024
Bedding and diaper bags	$	41,083	$	32,036
Bibs, toys and disposable products		46,167		55,596
Total net sales	$	87,250	$	87,632

Revenue from Contract with Customer [Policy Text Block]

Receivable [Policy Text Block]

Concentration Risk, Credit Risk, Policy [Policy Text Block]

Inventory, Policy [Policy Text Block]

Lessee, Leases [Policy Text Block]

Depreciation, Depletion, and Amortization [Policy Text Block]

Intangible Assets, Finite-Lived, Policy [Policy Text Block]

Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block]

Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]

Royalty Payments [Policy Text Block]

Income Tax, Policy [Policy Text Block]

Advertising Cost [Policy Text Block]

Business Combination [Policy Text Block]

Earnings Per Share, Policy [Policy Text Block]

New Accounting Pronouncements, Policy [Policy Text Block]

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Schedule II - Valuation and Qualifying Accounts (Tables)

12 Months Ended

Mar. 30, 2025

Summary of Valuation Allowance [Table Text Block]

	Valuation and Qualifying Accounts
Column A	Column B		Column C		Column D		Column E
	Balance at Beginning		*Charged to*				Balance at End of
	*of Period*		*Expenses*		*Deductions*		*Period*
	(in thousands)
Accounts Receivable Valuation Accounts:

Year Ended March 31, 2024
Allowance for customer deductions	$	1,474	$	6,139	$	6,443	$	1,170
Allowance for expected credit losses	$	0	$	316	$	0	$	316

Year Ended March 30, 2025
Allowance for customer deductions	$	1,170	$	7,480	$	7,201	$	1,449
Allowance for expected credit losses	$	316	$	0	$	42	$	274

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Note 2 - Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 30, 2025

Reconciliation of Revenue from Segments to Consolidated [Table Text Block]

	2025		2024
Bedding and diaper bags	$	41,083	$	32,036
Bibs, toys and disposable products		46,167		55,596
Total net sales	$	87,250	$	87,632

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Note 3 - Segment Reporting (Tables)

12 Months Ended

Mar. 30, 2025

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	2025			2024
Net sales	$	87,250		$	87,632
Less:
Cost of products sold		65,985			64,632
Marketing and administrative expenses		18,690			16,105
Goodwill impairment charge		13,766			-
Interest expense, net and other		1,222			667
Income tax expense (benefit)		(3,057	)		1,334
Segment net income	$	(9,356	)	$	4,894

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Note 5 - Acquisition (Tables)

12 Months Ended

Mar. 30, 2025

Business Combination, Recognized Asset Acquired and Liability Assumed [Table Text Block]

Tangible assets:
Accounts receivable		3,764
Inventories		1,989
Prepaid expenses and other current assets		354
Total tangible assets		6,107
Amortizable intangible assets:
Tradename		350
Licensing relationships		4,600
Total amortizable intangible assets		4,950
Goodwill		5,840
Total acquired assets		16,897

Liabilities assumed:
Accounts payable		601
Total liabilities assumed		601
Net acquisition cost	$	16,296

Business Combination, Goodwill, Reportable Segment Assignment [Table Text Block]

Amount of goodwill recognized based upon the preliminary allocation of the acquisition cost	$	5,319
Adjustments made during the fiscal year ended March 30, 2025:
Increase to pre-acquisition accounts payable		10
Decrease to tradename as of the Closing Date		70
Decrease to licensing relationships as of the Closing Date		500
Settlement of working capital adjustment		(59	)
Net adjustments made during the fiscal year ended March 30, 2025		521

Amount of goodwill recognized as of March 30, 2025	$	5,840

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Note 6 - Financing Arrangements (Tables)

12 Months Ended

Mar. 30, 2025

Schedule of Debt [Table Text Block]

			Fair Value Measurement Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
Term loan	$	6,652	$	-	$	6,652	$	-
Revolving line of credit		11,627		-		11,627		-
Total debt	$	18,279	$	-	$	18,279	$	-

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Note 8 - Goodwill, Customer Relationships and Other Intangible Assets (Tables)

12 Months Ended

Mar. 30, 2025

Schedule of Goodwill [Table Text Block]

As of April 3, 2023
Gross goodwill	$	30,838
Accumulated impairment losses		(22,912	)
Net goodwill	$	7,926

Additions	$	-
Net goodwill, March 31, 2024	$	7,926

As of March 31, 2024:
Gross goodwill	$	30,838
Accumulated impairment losses		(22,912	)
Net goodwill	$	7,926

Additions	$	5,840
Impairment charge		(13,766	)
Net goodwill, March 30, 2025	$	-

As of March 30, 2025:
Gross goodwill	$	36,678
accumulated impairment losses		(36,678	)
Net goodwill	$	-

Schedule of Finite-Lived Intangible Assets [Table Text Block]

									Amortization Expense
	Gross Amount				Accumulated Amortization				Fiscal Year Ended
	*March 30,*		*March 31,*		*March 30,*		*March 31,*		*March 30,*		*March 31,*
	*2025*		*2024*		*2025*		*2024*		*2025*		*2024*
Tradename and trademarks	$	3,217	$	2,867	$	2,316	$	2,185	$	131	$	160
Non-compete covenants		98		98		98		98		-		-
Patents		1,601		1,601		1,160		1,107		53		52
Customer relationships		8,174		8,174		7,007		6,658		349		369
Licensing relationships		4,800		200		259		20		239		20
Total other intangible assets	$	17,890	$	12,940	$	10,840	$	10,068	$	772	$	601

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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Note 9 - Leases (Tables)

12 Months Ended

Mar. 30, 2025

Lease, Cost [Table Text Block]

Cost of products sold	$	4,202	$	3,956
Marketing and administrative expenses		386		388
Total operating lease costs	$	4,588	$	4,344

Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]

Fiscal Year
2026	$	4,703
2027		4,384
2028		4,135
2029		850
2030		192
2031		148
2032		48
Total undiscounted operating lease payments		14,460
Less imputed interest		1,366
Operating lease liabilities - net	$	13,094

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Note 10 - Stock-based Compensation (Tables)

12 Months Ended

Mar. 30, 2025

Share-Based Payment Arrangement, Option, Activity [Table Text Block]

	2025					2024
	Weighted-					Weighted-
	Average		Number of			Average		Number of
	Exercise		Options			Exercise		Options
	Price		Outstanding			Price		Outstanding
Outstanding at Beginning of Period	$	6.93		895,500		$	7.32		735,500
Granted	$	5.03		30,000		$	5.20		170,000
Expired	$	7.90		(52,500	)	$	6.14		(10,000	)
Forfeited	$	-		(110,000	)	$	-		-
Outstanding at End of Period	$	6.84		763,000		$	6.93		895,500
Exercisable at End of Period	$	7.11		658,000		$	7.41		665,500

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	Fiscal Year Ended
	March 30, 2025						March 31, 2024
Number of options issued		10,000			20,000			40,000			10,000			120,000
Grant date	July 15, 2024			June 10, 2024			March 26, 2024			November 14, 2023			June 21, 2023
Dividend yield		6.67	%		6.21	%		6.07	%		7.60	%		6.08	%
Expected volatility		20.00	%		20.00	%		20.00	%		20.00	%		25.00	%
Risk free interest rate		4.23	%		4.62	%		4.38	%		4.56	%		4.29	%
Contractual term (years)		10.00			10.00			10.00			10.00			10.00
Expected term (years)		3.00			3.00			3.00			3.00			3.00
Forfeiture rate		5.00	%		5.00	%		5.00	%		5.00	%		5.00	%
Exercise price (grant-date closing price) per option	$	4.80		$	5.15		$	5.27		$	4.21		$	5.26
Fair value per option	$	0.26		$	0.30		$	0.32		$	0.20		$	0.46

Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]

	Fiscal Year Ended March 30, 2025
	Cost of		Marketing &
	Products		Administrative		Total
Options Granted in Fiscal Year	Sold		Expenses		Expense
2023	$	6	$	1	$	7
2024		9		15		24
2025		6		2		8

Total stock option compensation	$	21	$	18	$	39

	Fiscal Year Ended March 31, 2024
	Cost of		Marketing &
	Products		Administrative		Total
Options Granted in Fiscal Year	Sold		Expenses		Expense
2022	$	10	$	21	$	31
2023		22		32		54
2024		9		11		20

Total stock option compensation	$	41	$	64	$	105

Stock Granted in Fiscal Year	2025		2024
2022	$	64	$	185
2023		117		195
2024		262		278
2025		270		-

Total stock grant compensation	$	713	$	658

Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block]

							Weighted-				Weighted-
					Weighted-		Avg. Exercise				Avg. Exercise
			Number		Avg. Remaining		Price of		Number		Price of
Exercise			of Options		Contractual		Options		of Options		Options
Price			Outstanding		Life in Years		Outstanding		Exercisable		Exercisable
$4.00	-	4.99		95,000		5.62	$	4.77		80,000	$	4.81
$5.00	-	5.99		170,000		8.22	$	5.29		80,000	$	5.34
$6.00	-	6.99		100,000		7.19	$	6.54		100,000	$	6.54
$7.00	-	7.99		283,000		5.09	$	7.69		283,000	$	7.69
$8.00	-	8.99		55,000		0.20	$	8.38		55,000	$	8.38
$9.00	-	9.99		60,000		1.19	$	9.60		60,000	$	9.60
				763,000		5.47	$	6.84		658,000	$	7.11

Schedule of Nonvested Share Activity [Table Text Block]

Number of Shares	Fair Value per Share		Grant Date	Vesting Period (Years)
81,176	$	4.68	August 15, 2024	One
60,412	$	4.85	August 15, 2023	One

Number of Shares	Fair Value per Share		Grant Date	Vesting Date
179,000	$	3.82	March 26, 2025	March 26, 2028
70,000	$	5.27	March 26, 2024	March 26, 2027
26,000	$	4.77	August 14, 2023	August 14, 2024
40,000	$	5.85	March 21, 2023	March 21, 2025

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Note 11 - Income Taxes (Tables)

12 Months Ended

Mar. 30, 2025

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Fiscal year ended March 30, 2025
	Current		Deferred			Total
Income tax expense (benefit) on current year income:
Federal	$	950	$	(3,419	)	$	(2,469	)
State		145		(812	)		(667	)
Foreign		15		-			15
Total income tax expense (benefit) on current year income		1,110		(4,231	)		(3,121	)
Income tax expense - discrete items:
Reserve for unrecognized tax benefits		6		-			6
Adjustment to prior year provision		24		-			24
Tax shortfall related to stock-based compensation		34		-			34
Income tax expense - discrete items		64		-			64
Total income tax expense (benefit)	$	1,174	$	(4,231	)	$	(3,057	)

	Fiscal year ended March 31, 2024
	Current			Deferred			Total
Income tax expense (benefit) on current year income:
Federal	$	2,065		$	(883	)	$	1,182
State		346			(209	)		137
Foreign		14			-			14
Total income tax expense (benefit) on current year income		2,425			(1,092	)		1,333
Income tax expense (benefit) - discrete items:
Reserve for unrecognized tax benefits		43			-			43
Adjustment to prior year provision		(68	)		-			(68	)
Tax shortfall related to stock-based compensation		26			-			26
Income tax expense - discrete items		1			-			1
Total income tax expense (benefit)	$	2,426		$	(1,092	)	$	1,334

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	March 30, 2025			March 31, 2024
Deferred income tax assets:
Employee wage and benefit accruals	$	260		$	148
Accounts receivable and inventory reserves		673			585
Operating lease liabilities		3,241			3,892
Intangible assets		3,490			243
State net operating loss carryforwards		704			704
Accrued interest and penalty on unrecognized tax liabilities		20			18
Stock-based compensation		517			469
Total gross deferred income tax assets		8,905			6,059
Less valuation allowance		(704	)		(704	)
Deferred income tax assets after valuation allowance		8,201			5,355

Deferred income tax liabilities:
Prepaid expenses		(488	)		(552	)
Operating lease right of use assets		(3,033	)		(3,700	)
Intangible assets		-			(666	)
Property, plant and equipment		(172	)		(160	)
Total deferred income tax liabilities		(3,693	)		(5,078	)
Net deferred income tax assets	$	4,508		$	277

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	2025			2024
Balance at beginning of period	$	394		$	323
Additions related to current year positions		22			43
Additions related to prior year positions		81			28
Revaluations due to change in enacted tax rates		-			-
Reductions for tax positions of prior years		-			-
Reductions due to lapses of the statute of limitations		(86	)		-
Reductions pursuant to judgements and settlements		-			-
Balance at end of period	$	411		$	394

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Fiscal year ended March 30, 2025						Fiscal year ended March 31, 2024
	Amount			Percentage			Amount			Percentage
Income (loss) before income tax expense	$	(12,413	)		100.0	%	$	6,228			100.0	%

Tax expense (benefit) at federal statutory rate	$	(2,607	)		21.0	%	$	1,308			21.0	%
State income taxes, net of Federal income tax benefit		(527	)		4.2	%		108			1.7	%
Tax credits		(14	)		0.1	%		(115	)		-1.8	%
Discrete items		64			-0.5	%		1			0.0	%
Other - net, including foreign		27			-0.2	%		32			0.5	%
Income tax expense (benefit)	$	(3,057	)		24.6	%	$	1,334			21.4	%

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Note 13 - Major Customers and Concentrations (Tables)

12 Months Ended

Mar. 30, 2025

Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]

	2025		2024
Walmart Inc.		47%		42%
Amazon.com, Inc.		19%		19%

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Schedule II - Valuation and Qualifying Accounts - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 30, 2025	Mar. 31, 2024
Allowance for Customer Deductions [Member]
Balance	$ 1,170	$ 1,474
Charged to Expenses	7,480	6,139
Deductions	7,201	6,443
Balance	1,449	1,170
SEC Schedule, 12-09, Allowance, Loss on Finance Receivable [Member]
Balance	316	0
Charged to Expenses	0	316
Deductions	42	0
Balance	$ 274	$ 316

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Note 2 - Summary of Significant Accounting Policies (Details Textual)	12 Months Ended
	Mar. 30, 2025 USD ($)	Mar. 31, 2024 USD ($)	Apr. 03, 2023 USD ($)
Accounts Receivable, after Allowance for Credit Loss, Current	$ 24,500,000	$ 22,400,000
Accounts Receivable, Allowance for Credit Loss, Current	$ 1,700,000	1,500,000
Number of Reporting Units	2
Goodwill	$ 0	7,926,000	$ 7,926,000
Cost of Product and Service Sold	65,985,000	64,632,000
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions	22,000	43,000
Income Tax Examination, Discrete Income Tax Benefit, Net of Federal Income Tax	81,000	28,000
Advertising Expense	914,000	572,000
Royalty [Member]
Cost of Product and Service Sold	$ 6,700,000	5,300,000
Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	3 years
Finite-Lived Intangible Asset, Useful Life (Year)	5 years
Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	8 years
Finite-Lived Intangible Asset, Useful Life (Year)	20 years
Receivable Due from Factor [Member]
Accounts Receivable, after Allowance for Credit Loss, Current	$ 21,900,000	$ 18,600,000

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Note 2 - Summary of Significant Accounting Policies - Segment and Related Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 30, 2025	Mar. 31, 2024
Net sales	$ 87,250	$ 87,632
Bedding and Diaper Bags [Member]
Net sales	41,083	32,036
Bibs, Toys and Disposable Products [Member]
Net sales	$ 46,167	$ 55,596

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

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Note 3 - Segment Reporting (Details Textual)	12 Months Ended
Note 3 - Segment Reporting (Details Textual)	Mar. 30, 2025 USD ($)	Mar. 31, 2024 USD ($)
Number of Operating Segments	1
Depreciation	$ 704,000	$ 835,000
Goodwill, Impairment Loss	13,766,000	0
Amortization	$ 14,500,000	$ 601,000