XML 33 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 25, 2011
Dec. 25, 2010
Current assets:    
Cash and equivalents $ 33,170,411 $ 49,834,547
Marketable debt securities, at fair value 66,156,933 61,112,843
Accounts receivable, net of allowance of $373,000 and $737,000 in 2011 and 2010, respectively 15,034,313 14,539,664
Accounts receivable from unconsolidated affiliates 4,213,227 2,558,513
Unbilled receivables 977,185 391,171
Inventory 19,114,320 21,462,871
Prepaid taxes 515,980 664,320
Prepaid expenses and other current assets 2,265,253 2,060,833
Total current assets 141,447,622 152,624,762
Property, plant and equipment, net 35,810,203 32,613,961
Goodwill 4,741,510  
Intangible assets 4,439,808  
Other assets 5,575,816 6,857,675
Total assets 192,014,959 192,096,398
Current liabilities:    
Accounts payable 8,092,099 11,317,865
Accrued payroll and expenses 2,583,068 2,741,004
Accrued warranty 1,368,413 1,300,000
Billings in excess of revenue earned 2,604,774 3,210,895
Other accrued liabilities 2,861,931 1,956,642
Total current liabilities 17,510,285 20,526,406
Asset retirement obligations 1,284,354 944,617
Commitments and contingencies    
Stockholders' equity:    
Preferred stock, par value $.01 per share: authorized, 3,000 shares; none issued    
Common stock, par value $.01 per share: authorized, 120,000,000 shares; issued 75,574,189 shares in 2011 and 74,604,442 shares in 2010; outstanding 64,419,720 shares in 2011 and 64,775,234 shares in 2010 726,328 725,708
Additional paid-in capital 314,791,169 313,311,889
Treasury stock (8,213,104 and 7,795,605 shares in 2011 and 2010, respectively, at cost) (28,488,147) (26,580,823)
Accumulated other comprehensive income 6,062,264 5,985,345
Accumulated deficit (124,738,669) (127,606,200)
Total Kopin Corporation stockholders' equity 168,352,945 165,835,919
Noncontrolling interest 4,867,375 4,789,456
Total stockholders' equity 173,220,320 170,625,375
Total liabilities and stockholders' equity $ 192,014,959 $ 192,096,398