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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 27, 2021
Dec. 26, 2020
Current assets:    
Cash and equivalents $ 32,203,311 $ 17,112,869
Marketable debt securities, at fair value 3,430,371 3,635,681
Accounts receivable, net of allowance of $275,000 in 2021 and $175,000 in 2020 7,807,465 9,260,865
Contract assets and unbilled receivables 1,115,419 3,521,753
Inventory 5,455,134 4,455,756
Prepaid taxes 225,751 205,568
Prepaid expenses and other current assets 1,811,003 1,263,688
Total current assets 52,048,454 39,456,180
Property, plant and equipment, net 1,662,315 1,626,930
Operating lease right-of-use assets 1,521,315 1,780,039
Other assets 162,473 162,473
Equity investments 4,522,445 4,523,525
Total assets 59,917,002 47,549,147
Current liabilities:    
Accounts payable 5,594,876 5,606,910
Accrued payroll and expenses 2,074,043 1,977,851
Accrued warranty 906,000 508,000
Contract liabilities and billings in excess of revenues earned 1,176,872 1,493,847
Operating lease liabilities 886,609 982,375
Other accrued liabilities 1,543,146 1,809,495
Customer deposits 2,782,056 3,950,031
Deferred tax liabilities 538,826 554,000
Total current liabilities 15,502,428 16,882,509
Noncurrent contract liabilities and asset retirement obligations 313,632 276,409
Operating lease liabilities, net of current portion 643,043 821,306
Other long-term obligations 1,267,038 1,270,328
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 91,444,666 shares in 2021 and 91,059,407 shares in 2020; outstanding 88,794,156 in 2021 and 85,443,378 in 2020 889,538 880,075
Additional paid-in capital 350,417,361 341,512,893
Treasury stock (159,793 and 2,564,155 shares in 2021 and 2020, at cost) (610,332) (9,793,946)
Accumulated other comprehensive income 1,464,878 1,484,434
Accumulated deficit (309,794,263) (305,648,025)
Total Kopin Corporation stockholders’ equity 42,367,182 28,435,431
Noncontrolling interest (176,321) (136,836)
Total Kopin Corporation stockholders’ equity 42,190,861 28,298,595
Total liabilities and stockholders’ equity $ 59,917,002 $ 47,549,147