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Condensed Consolidated Balance Sheets - USD ($)
Mar. 26, 2022
Dec. 25, 2021
Current assets:    
Cash and cash equivalents $ 21,867,492 $ 26,787,931
Marketable debt securities, at fair value 4,451,088 2,507,535
Accounts receivable, net of allowance of $295,000 in 2022 and $150,000 in 2021 6,777,310 12,113,070
Contract assets and unbilled receivables 2,552,201 2,299,392
Inventory 7,132,617 6,581,139
Prepaid taxes 119,163 160,599
Prepaid expenses and other current assets 2,095,034 1,758,079
Total current assets 44,994,905 52,207,745
Property, plant and equipment, net 1,939,506 1,888,963
Operating lease right-of-use assets 3,630,555 3,828,066
Other assets 170,932 170,932
Equity investments 9,553,628 4,912,022
Total assets 60,289,526 63,007,728
Current liabilities:    
Accounts payable 5,865,030 5,483,970
Accrued payroll and expenses 2,760,369 2,413,744
Accrued warranty 970,000 517,000
Contract liabilities and billings in excess of revenues earned 1,756,202 4,063,031
Operating lease liabilities 658,298 701,204
Other accrued liabilities 2,108,625 1,202,635
Customer deposits 2,457,496 2,638,103
Deferred tax liabilities 497,102 513,417
Total current liabilities 17,073,122 17,533,104
Noncurrent contract liabilities and asset retirement obligations 273,913 288,634
Operating lease liabilities, net of current portion 2,946,994 3,108,236
Other long-term obligations 1,294,750 2,450,897
 Total liabilities 21,588,779 23,380,871
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 92,176,761 shares in 2022 and 92,146,761 shares in 2021; outstanding 90,097,201 in 2022 and 89,988,528 in 2021 902,235 900,691
Additional paid-in capital 357,585,686 356,931,157
Treasury stock (126,389 and 80,641 shares in 2022 and 2021, at cost) (461,723) (366,110)
Accumulated other comprehensive income 1,300,445 1,414,351
Accumulated deficit (320,453,539) (319,080,898)
Total Kopin Corporation stockholders’ equity 38,873,104 39,799,191
Noncontrolling interest (172,357) (172,334)
Total Kopin Corporation stockholders’ equity 38,700,747 39,626,857
Total liabilities and stockholders’ equity $ 60,289,526 $ 63,007,728