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Consolidated Balance Sheets - USD ($)
Dec. 26, 2020
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 17,112,869 $ 6,029,247
Marketable debt securities, at fair value 3,635,681 15,752,997
Accounts receivable, net of allowance of $175,000 and $938,000 in 2020 and 2019, respectively 9,260,865 6,023,250
Contract assets and unbilled receivables 3,521,753 921,082
Inventory 4,455,756 3,768,696
Prepaid taxes 205,568 104,442
Prepaid expenses and other current assets 1,263,688 1,164,927
Total current assets 39,456,180 33,764,641
Property, plant and equipment, net 1,626,930 1,473,341
Operating lease right-of-use assets 1,780,039 2,753,963
Other assets 162,473 517,411
Equity investments 4,523,525 4,537,159
Total assets 47,549,147 43,046,515
Current liabilities:    
Accounts payable 5,606,910 3,998,234
Accrued payroll and expenses 1,977,851 2,203,773
Accrued warranty 508,000 509,000
Contract liabilities and billings in excess of revenue earned 1,493,847 796,794
Operating lease liabilities 982,375 1,041,695
Other accrued liabilities 1,809,495 2,202,217
Customer deposits 3,950,031 33,000
Deferred tax liabilities 554,000 525,000
Total current liabilities 16,882,509 11,309,713
Noncurrent contract liabilities and asset retirement obligations 276,409 268,440
Operating lease liabilities, net of current portion 821,306 1,791,590
Other long-term liabilities 1,270,328 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 91,059,407 shares in 2020 and 88,912,796 shares in 2019; outstanding 85,443,378 in 2020 and 82,536,416 in 2019, respectively 880,075 870,496
Additional paid-in capital 341,512,893 344,456,537
Treasury stock (2,564,155 and 4,513,256 shares in 2020 and 2019, at cost) (9,793,946) (17,238,669)
Accumulated other comprehensive income 1,484,434 1,757,184
Accumulated deficit (305,648,025) (301,236,913)
Total Kopin Corporation stockholders’ equity 28,435,431 28,608,635
Noncontrolling interest (136,836) (17,023)
Total stockholders’ equity 28,298,595 28,591,612
Total liabilities and stockholders’ equity $ 47,549,147 $ 43,046,515