XML 33 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
Effects of Restatement on Consolidated Balance Sheet (Detail) (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and equivalents $ 31,160,196 $ 43,095,163
Marketable debt securities, at fair value 65,166,873 62,323,387
Accounts receivable, net of allowance of $513,000 in 2011 12,417,196 16,510,851
Accounts receivable from unconsolidated affiliates 2,036,859 1,340,788
Unbilled receivable 457,601 36,115
Inventory 19,913,736 20,468,512
Prepaid taxes 631,199 667,759
Prepaid expenses and other current assets 1,267,288 1,294,368
Total current assets 133,050,948 145,736,943
Property, plant & equipment, net 32,962,113 32,369,441
Deferred tax assets 3,620,257 4,201,627
Goodwill   1,664,457
Intangible assets 1,833,094 1,953,660
Other assets 10,471,571 7,946,087
Total assets 181,937,983 193,872,215
Current liabilities:    
Accounts payable 8,800,613 12,384,869
Accrued payroll and expenses 3,074,176 4,182,505
Accrued warranty 1,031,000 1,318,000
Billings in excess of revenue earned 2,417,461 2,467,461
Other accrued liabilities 3,492,389 2,126,954
Total current liabilities 18,815,639 22,479,789
Asset Retirement obligations 1,182,374 1,295,670
Commitments and contingencies      
Stockholders' equity:    
Preferred stock      
Common stock 732,765 732,263
Additional paid-in capital 317,551,126 315,710,160
Treasury stock (34,450,978) (30,995,449)
Accumulated other comprehensive income 5,178,857 4,146,024
Accumulated deficit (132,408,520) (124,631,665)
Total Kopin Corporation stockholders' equity 156,603,250 164,961,333
Non controlling interest 5,336,720 5,135,423
Total stockholder' equity 161,939,970 170,096,756
Total liabilities and stockholders' equity 181,937,983 193,872,215
Previously reported
    
Current assets:    
Cash and equivalents   43,095,000
Marketable debt securities, at fair value   62,323,000
Accounts receivable, net of allowance of $513,000 in 2011   16,511,000
Accounts receivable from unconsolidated affiliates   1,341,000
Unbilled receivable   36,000
Inventory   21,416,000
Prepaid taxes   412,000
Prepaid expenses and other current assets   1,294,000
Total current assets   146,428,000
Property, plant & equipment, net   32,369,000
Deferred tax assets   4,202,000
Goodwill   1,665,000
Intangible assets   1,954,000
Other assets   7,946,000
Total assets   194,564,000
Current liabilities:    
Accounts payable   12,385,000
Accrued payroll and expenses   4,183,000
Accrued warranty   1,318,000
Billings in excess of revenue earned   2,467,000
Other accrued liabilities   2,127,000
Total current liabilities   22,480,000
Asset Retirement obligations   1,296,000
Commitments and contingencies     
Stockholders' equity:    
Preferred stock     
Common stock   732,000
Additional paid-in capital   315,710,000
Treasury stock   (30,995,000)
Accumulated other comprehensive income   4,146,000
Accumulated deficit   (124,008,000)
Total Kopin Corporation stockholders' equity   165,585,000
Non controlling interest   5,203,000
Total stockholder' equity   170,788,000
Total liabilities and stockholders' equity   194,564,000
Adjustment
    
Current assets:    
Inventory   (947,000)
Prepaid taxes   256,000
Total current assets   (691,000)
Total assets   (691,000)
Current liabilities:    
Commitments and contingencies     
Stockholders' equity:    
Preferred stock     
Accumulated deficit   (623,000)
Total Kopin Corporation stockholders' equity   (623,000)
Non controlling interest   (68,000)
Total stockholder' equity   (691,000)
Total liabilities and stockholders' equity   (691,000)
Restated
    
Current assets:    
Cash and equivalents   43,095,000
Marketable debt securities, at fair value   62,323,000
Accounts receivable, net of allowance of $513,000 in 2011   16,511,000
Accounts receivable from unconsolidated affiliates   1,341,000
Unbilled receivable   36,000
Inventory   20,469,000
Prepaid taxes   668,000
Prepaid expenses and other current assets   1,294,000
Total current assets   145,737,000
Property, plant & equipment, net   32,369,000
Deferred tax assets   4,202,000
Goodwill   1,665,000
Intangible assets   1,954,000
Other assets   7,946,000
Total assets   193,873,000
Current liabilities:    
Accounts payable   12,385,000
Accrued payroll and expenses   4,183,000
Accrued warranty   1,318,000
Billings in excess of revenue earned   2,467,000
Other accrued liabilities   2,127,000
Total current liabilities   22,480,000
Asset Retirement obligations   1,296,000
Commitments and contingencies     
Stockholders' equity:    
Preferred stock     
Common stock   732,000
Additional paid-in capital   315,710,000
Treasury stock   (30,995,000)
Accumulated other comprehensive income   4,146,000
Accumulated deficit   (124,631,000)
Total Kopin Corporation stockholders' equity   164,962,000
Non controlling interest   5,135,000
Total stockholder' equity   170,097,000
Total liabilities and stockholders' equity   $ 193,873,000