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Consolidated Balance Sheets - USD ($)
Dec. 25, 2021
Dec. 26, 2020
Current assets:    
Cash and cash equivalents $ 26,787,931 $ 17,112,869
Marketable debt securities, at fair value 2,507,535 3,635,681
Accounts receivable, net of allowance of $150,000 and $175,000 in 2021 and 2020, respectively 12,113,070 9,260,865
Contract assets and unbilled receivables 2,299,392 3,521,753
Inventory 6,581,139 4,455,756
Prepaid taxes 160,599 205,568
Prepaid expenses and other current assets 1,758,079 1,263,688
Total current assets 52,207,745 39,456,180
Property, plant and equipment, net 1,888,963 1,626,930
Operating lease right-of-use assets 3,828,066 1,780,039
Other assets 170,932 162,473
Equity investments 4,912,022 4,523,525
Total assets 63,007,728 47,549,147
Current liabilities:    
Accounts payable 5,483,970 5,606,910
Accrued payroll and expenses 2,413,744 1,977,851
Accrued warranty 517,000 508,000
Contract liabilities and billings in excess of revenue earned 4,063,031 1,493,847
Operating lease liabilities 701,204 982,375
Other accrued liabilities 1,202,635 1,809,495
Customer deposits 2,638,103 3,950,031
Deferred tax liabilities 513,417 554,000
Total current liabilities 17,533,104 16,882,509
Noncurrent contract liabilities and asset retirement obligations 288,634 276,409
Operating lease liabilities, net of current portion 3,108,236 821,306
Other long-term liabilities, net of current portion 2,450,897 1,270,328
Total liabilities 23,380,871 19,250,552
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 92,146,761 shares in 2021 and 91,059,407 shares in 2020; outstanding 89,988,528, in 2021 and 85,443,378 in 2020, respectively 900,691 880,075
Additional paid-in capital 356,931,157 341,512,893
Treasury stock (80,641 and 2,564,155 shares in 2021 and 2020, at cost) (366,110) (9,793,946)
Accumulated other comprehensive income 1,414,351 1,484,434
Accumulated deficit (319,080,898) (305,648,025)
Total Kopin Corporation stockholders’ equity 39,799,191 28,435,431
Noncontrolling interest (172,334) (136,836)
Total stockholders’ equity 39,626,857 28,298,595
Total liabilities and stockholders’ equity $ 63,007,728 $ 47,549,147