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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 26, 2021
Dec. 26, 2020
Current assets:    
Cash and equivalents $ 27,359,688 $ 17,112,869
Marketable debt securities, at fair value 3,424,592 3,635,681
Accounts receivable, net of allowance of $250,000 in 2021 and $175,000 in 2020 7,443,210 9,260,865
Contract assets and unbilled receivables 3,196,477 3,521,753
Inventory 6,249,403 4,455,756
Prepaid taxes 163,305 205,568
Prepaid expenses and other current assets 2,166,578 1,263,688
Total current assets 50,003,253 39,456,180
Property, plant and equipment, net 1,860,899 1,626,930
Operating lease right-of-use assets 1,258,001 1,780,039
Other assets 162,473 162,473
Equity investments 4,540,210 4,523,525
Total assets 57,824,836 47,549,147
Current liabilities:    
Accounts payable 5,099,714 5,606,910
Accrued payroll and expenses 1,979,311 1,977,851
Accrued warranty 977,000 508,000
Contract liabilities and billings in excess of revenues earned 2,076,467 1,493,847
Operating lease liabilities 762,139 982,375
Other accrued liabilities 2,008,173 1,809,495
Customer deposits 2,640,321 3,950,031
Deferred tax liabilities 540,617 554,000
Total current liabilities 16,083,742 16,882,509
Noncurrent contract liabilities and asset retirement obligations 277,846 276,409
Operating lease liabilities, net of current portion 488,392 821,306
Other long-term obligations 1,334,466 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, 150,000,000 shares; issued 91,557,666 shares in 2021 and 91,059,407 shares in 2020; outstanding 88,946,489 in 2021 and 85,443,378 in 2020, respectively 890,138 880,075
Additional paid-in capital 351,418,984 341,512,893
Treasury stock (67,460 in 2021 and 2,564,155 shares in 2020, at cost) (257,652) (9,793,946)
Accumulated other comprehensive income 1,408,387 1,484,434
Accumulated deficit (313,643,130) (305,648,025)
Total Kopin Corporation stockholders’ equity 39,816,727 28,435,431
Noncontrolling interest (176,337) (136,836)
Total Kopin Corporation stockholders’ equity 39,640,390 28,298,595
Total liabilities and stockholders’ equity $ 57,824,836 $ 47,549,147