XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 25, 2021
Dec. 26, 2020
Current assets:    
Cash and equivalents $ 28,349,798 $ 17,112,869
Marketable debt securities, at fair value 3,413,889 3,635,681
Accounts receivable, net of allowance of $264,000 in 2021 and $175,000 in 2020 7,348,721 9,260,865
Contract assets and unbilled receivables 2,792,901 3,521,753
Inventory 6,739,017 4,455,756
Prepaid taxes 235,944 205,568
Prepaid expenses and other current assets 1,763,904 1,263,688
Total current assets 50,644,174 39,456,180
Property, plant and equipment, net 1,855,451 1,626,930
Operating lease right-of-use assets 1,719,089 1,780,039
Other assets 170,932 162,473
Equity investments 4,559,756 4,523,525
Total assets 58,949,402 47,549,147
Current liabilities:    
Accounts payable 3,635,708 5,606,910
Accrued payroll and expenses 2,414,462 1,977,851
Accrued warranty 515,000 508,000
Contract liabilities and billings in excess of revenues earned 1,269,523 1,493,847
Operating lease liabilities 889,076 982,375
Other accrued liabilities 2,294,564 1,809,495
Customer deposits 2,167,228 3,950,031
Deferred tax liabilities 514,000 554,000
Total current liabilities 13,699,561 16,882,509
Noncurrent contract liabilities and asset retirement obligations 301,826 276,409
Operating lease liabilities, net of current portion 812,351 821,306
Other long-term obligations 1,271,178 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 92,175,206 shares in 2021 and 91,059,407 shares in 2020; outstanding 89,546,489 in 2021 and 85,443,378 in 2020, respectively 895,464 880,075
Additional paid-in capital 356,489,085 341,512,893
Treasury stock (2,564,155 shares in 2020, at cost) (9,793,946)
Accumulated other comprehensive income 1,428,087 1,484,434
Accumulated deficit (315,771,920) (305,648,025)
Total Kopin Corporation stockholders’ equity 43,040,716 28,435,431
Noncontrolling interest (176,230) (136,836)
Total Kopin Corporation stockholders’ equity 42,864,486 28,298,595
Total liabilities and stockholders’ equity $ 58,949,402 $ 47,549,147