XML 33 R2.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 24, 2011
Dec. 25, 2010
Current assets:  
Cash and equivalents$ 40,163,342$ 49,834,547
Marketable debt securities, at fair value63,096,16461,112,843
Accounts receivable, net of allowance of $609,000 and $737,000 in 2011 and 2010, respectively15,183,53314,539,664
Accounts receivable from unconsolidated affiliates1,460,7652,558,513
Unbilled receivables71,298391,171
Inventory19,354,88421,462,871
Prepaid taxes368,423664,320
Prepaid expenses and other current assets1,851,5842,060,833
Total current assets141,549,993152,624,762
Property, plant and equipment, net34,061,02332,613,961
Goodwill4,570,368 
Intangible assets4,114,364 
Other assets4,456,1976,857,675
Total assets188,751,945192,096,398
Current liabilities:  
Accounts payable8,959,88111,317,865
Accrued payroll and expenses3,131,2652,741,004
Accrued warranty1,380,0001,300,000
Billings in excess of revenue earned2,462,9813,210,895
Other accrued liabilities2,023,5221,956,642
Total current liabilities17,957,64920,526,406
Asset retirement obligations1,283,926944,617
Commitments and contingencies  
Stockholders' equity:  
Preferred stock, par value $.01 per share: authorized, 3,000 shares; none issued  
Common stock, par value $.01 per share: authorized, 120,000,000 shares; issued 76,491,102 shares in 2011 and 74,604,446 shares in 2010; outstanding 64,134,066 shares in 2011 and 64,775,234 shares in 2010726,367725,708
Additional paid-in capital315,488,121313,311,889
Treasury stock (8,502,667 and 7,795,605 shares in 2011 and 2010, respectively, at cost)(29,640,979)(26,580,823)
Accumulated other comprehensive income1,852,6205,985,345
Accumulated deficit(123,941,614)(127,606,200)
Total Kopin Corporation stockholders' equity164,484,515165,835,919
Noncontrolling interest5,025,8554,789,456
Total stockholders' equity169,510,370170,625,375
Total liabilities and stockholders' equity$ 188,751,945$ 192,096,398