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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 26, 2020
Dec. 28, 2019
Current assets:    
Cash and equivalents $ 10,624,506 $ 6,029,247
Marketable debt securities, at fair value 4,988,853 15,752,997
Accounts receivable, net of allowance of $270,000 in 2020 and $938,000 in 2019 6,507,138 6,023,250
Contract assets and unbilled receivables 1,584,171 921,082
Inventory 3,999,107 3,768,696
Prepaid taxes 114,151 104,442
Prepaid expenses and other current assets 2,042,159 1,164,927
Total current assets 29,860,085 33,764,641
Property, plant and equipment, net 1,288,722 1,473,341
Operating lease right-of-use assets 2,018,685 2,753,963
Other assets 161,473 517,411
Equity investments 4,330,060 4,537,159
Total assets 37,659,025 43,046,515
Current liabilities:    
Accounts payable 2,805,944 3,998,234
Accrued payroll and expenses 1,880,192 2,203,773
Accrued warranty 508,000 509,000
Contract liabilities and billings in excess of revenues earned 576,419 796,794
Operating lease liabilities 1,064,903 1,041,695
Other accrued liabilities 2,400,234 2,202,217
Customer deposits 2,177,330 33,000
Taxes payable 521,935 525,000
Total current liabilities 11,934,957 11,309,713
Noncurrent contract liabilities and asset retirement obligations 255,050 268,440
Operating lease liabilities, net of current portion 992,712 1,791,590
Other long-term obligations 1,171,091 1,085,160
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 89,506,296 shares in 2020 and 88,912,796 shares in 2019; outstanding 82,596,416 in 2020 and 82,536,416 in 2019, respectively 871,096 870,496
Additional paid-in capital 345,094,687 344,456,537
Treasury stock (4,513,256 shares in 2020 and 2019, at cost) (17,238,669) (17,238,669)
Accumulated other comprehensive income 1,600,980 1,757,184
Accumulated deficit (306,911,413) (301,236,913)
Total Kopin Corporation stockholders’ equity 23,416,681 28,608,635
Noncontrolling interest (111,466) (17,023)
Total stockholders’ equity 23,305,215 28,591,612
Total liabilities and stockholders’ equity $ 37,659,025 $ 43,046,515