Yup. That's right. Although it may be a good source of calcium, this is in fact "Imitation Cheese"! They sell it in two varieties (mozzarella and cheddar) and as I was whipping my phone out to take photo, the guy stocking the shelves commented that they may have been to honest with their packaging for consumer's tastes. This stuff was marked down and won't be restocked, he said. $0.94 for a package of cheese is pretty good. But...this stuff isn't cheese!
Looking at the label, there is milk-ish items involved, but after that, the ingredient list goes downhill fast.