XML 18 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
12 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Dec. 31, 2016
Revenues:      
Total revenues $ 24,465,005 $ 27,841,490 $ 22,642,566
Research and development and other revenues 5,253,890 2,946,685 1,527,441
Expenses:      
Cost of product revenues 15,831,441 18,118,418 17,814,271
Research and development-funded programs 4,892,066 3,364,658 786,867
Research and development-internal 12,553,237 15,515,057 15,252,794
Selling, general and administrative 27,210,849 20,541,244 16,961,773
Impairment of goodwill 1,417,470 600,086 0
Impairment of assets 2,526,669    
Gain on sale of property, plant and equipment   0 (7,700,522)
Total expenses 64,431,732 58,139,463 43,115,183
Loss from operations (39,966,727) (30,297,973) (20,472,617)
Non-operating income (expense), net:      
Interest income 640,059 775,626 658,384
Other income (expense), net 855,106 247,291 (448,581)
Foreign Currency Transaction Gain (Loss), Unrealized (166,829) (1,068,059) (672,727)
Gain on investments 2,849,816 2,000,000 1,034,396
Impairment of equity and cost investments (1,417,470) (600,086)  
Total other income and expense 4,178,152 1,954,858 571,472
Loss before benefit (provision) for income taxes and net loss (income) of noncontrolling interest (35,788,575) (28,343,115) (19,901,145)
Income Tax Expense (Benefit) (30,000) 2,963,000 (3,130,000)
Net loss (35,818,575) (25,380,115) (23,031,145)
Net (income) loss attributable to the noncontrolling interest (51,050) 139,633 (402,971)
Net loss attributable to Kopin Corporation $ (35,869,625) $ (25,240,482) $ (23,434,116)
Net loss per share:      
Basic and diluted (in dollars per share) $ (0.49) $ (0.36) $ (0.37)
Weighted average number of common shares outstanding:      
Basic and diluted (in shares) 73,156,545 69,914,956 64,045,675
Product [Member]      
Revenues:      
Total revenues $ 19,211,115 $ 24,894,805 $ 21,115,125
Expenses:      
Cost of product revenues 15,831,441    
Non-operating income (expense), net:      
Net loss attributable to Kopin Corporation $ (35,869,625)