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Condensed Consolidated Balance Sheets - USD ($)
Mar. 28, 2020
Dec. 28, 2019
Current assets:    
Cash and equivalents $ 8,333,603 $ 6,029,247
Marketable debt securities, at fair value 9,307,959 15,752,997
Accounts receivable, net of allowance of $786,000 in 2020 and $938,000 in 2019 5,929,983 6,023,250
Contract assets and unbilled receivables 1,394,633 921,082
Inventory 3,427,507 3,768,696
Prepaid taxes 82,088 104,442
Prepaid expenses and other current assets 1,403,729 1,164,927
Total current assets 29,879,502 33,764,641
Property, plant and equipment, net 1,450,328 1,473,341
Operating lease right-of-use assets 2,506,159 2,753,963
Other assets 253,750 517,411
Equity investments 4,346,642 4,537,159
Total assets 38,436,381 43,046,515
Current liabilities:    
Accounts payable 3,925,184 3,998,234
Accrued payroll and expenses 1,699,527 2,203,773
Accrued warranty 508,000 509,000
Contract liabilities and billings in excess of revenues earned 1,229,396 796,794
Operating lease liabilities 1,059,429 1,041,695
Other accrued liabilities 1,684,547 2,235,217
Taxes payable 503,000 525,000
Total current liabilities 10,609,083 11,309,713
Noncurrent contract liabilities and asset retirement obligations 251,935 268,440
Operating lease liabilities, net of current portion 1,513,520 1,791,590
Other long-term obligations 1,067,389 1,085,160
Commitments and contingencies (Note 13)
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 89,427,296 shares in 2020 and 88,912,796 shares in 2019; outstanding 82,536,416 in 2020 and 2019 870,496 870,496
Additional paid-in capital 344,615,002 344,456,537
Treasury stock (4,513,256 shares in 2020 and 2019, at cost) (17,238,669) (17,238,669)
Accumulated other comprehensive income 1,658,552 1,757,184
Accumulated deficit (304,832,432) (301,236,913)
Total Kopin Corporation stockholders’ equity 25,072,949 28,608,635
Noncontrolling interest (78,495) (17,023)
Total Kopin Corporation stockholders’ equity 24,994,454 28,591,612
Total liabilities and stockholders’ equity $ 38,436,381 $ 43,046,515