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Income taxes (Tables)

12 Months Ended

Mar. 31, 2018

Income Tax Disclosure [Abstract]

Summary of Net Deferred Tax Assets Related to Continuing Operations

The significant items comprising the Company’s net deferred tax assets related to continuing operations at March 31, 2018 and March 25, 2017 are as follows:

		Fiscal Year Ended
		March 31, 2018				March 25, 2017*
Deferred tax assets:		(In thousands)
Loss and tax credit carry forwards		$	6,997			$	7,030
Difference between book and tax basis of property and equipment			2,515				1,392
Other reserves not currently deductible			53				51
Expenses not currently deductible			511				336
Other			(74)				(28)
Net deferred tax asset before valuation allowance			10,002				8,781
Valuation allowance			(10,002)				(8,781)
Net deferred tax asset		$	-			$	-

Components of Income Tax Expense (Benefit) from Continuing Operations

The Company’s income tax expense (benefit) from continuing operations consists of the following components:

		Fiscal Year Ended
		March 31, 2018				March 25, 2017*				March 26, 2016*
		(In thousands)
Income tax expense (benefit):
Current		$	-			$	-			$	-
Deferred			(2,640)				(1,866)				(278)
Valuation allowance			2,640				1,866				278
Income tax expense		$	-			$	-			$	–

Schedule of Effective Income Tax Rate Reconciliation

The Company’s provision for income taxes from continuing operations varies from the amount computed by applying the statutory income tax rates for the reasons summarized below:

		Fiscal Year Ended
		March 31, 2018				March 25, 2017*				March 26, 2016*
Canadian statutory rate			26.6%				26.6%				26.6%
Rate differential for U.S. operations			0.4%				0.7%				(21.2%)
Utilization of unrecognized losses and other tax attributes			(27.1%)				(26.9%)				123.6%
Permanent differences and other			0.1%				(0.4%)				(129%)
Total			0%				0%				0%

*Retrospectively revised (see note 18)

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- References

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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