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Condensed Consolidated Balance Sheets - USD ($)
Jun. 25, 2022
Dec. 25, 2021
Current assets:    
Cash and cash equivalents $ 13,630,219 $ 26,787,931
Marketable debt securities, at fair value 4,927,793 2,507,535
Accounts receivable, net of allowance of $136,000 in 2022 and $150,000 in 2021 7,048,635 12,113,070
Contract assets and unbilled receivables 5,268,754 2,299,392
Inventory 6,926,489 6,581,139
Prepaid taxes 170,124 160,599
Prepaid expenses and other current assets 2,091,509 1,758,079
Total current assets 40,063,523 52,207,745
Property, plant and equipment, net 1,738,962 1,888,963
Operating lease right-of-use assets 3,766,602 3,828,066
Other assets 170,932 170,932
Equity investments 9,831,592 4,912,022
Total assets 55,571,611 63,007,728
Current liabilities:    
Accounts payable 4,860,573 5,483,970
Accrued payroll and expenses 2,319,713 2,413,744
Accrued warranty 969,000 517,000
Contract liabilities and billings in excess of revenues earned 3,047,208 4,063,031
Operating lease liabilities 767,440 701,204
Other accrued liabilities 1,698,129 1,202,635
Customer deposits 806,040 2,638,103
Deferred tax liabilities 472,569 513,417
Total current liabilities 14,940,672 17,533,104
Noncurrent contract liabilities and asset retirement obligations 250,844 288,634
Operating lease liabilities, net of current portion 2,973,259 3,108,236
Other long-term liabilities 2,015,890 2,450,897
Total liabilities 20,180,665 23,380,871
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 93,627,360 shares in 2022 and 92,146,761 shares in 2021; outstanding 91,802,637 in 2022 and 89,988,528 in 2021 918,025 900,691
Additional paid-in capital 359,552,311 356,931,157
Treasury stock (80,641 shares in 2021, at cost) (366,110)
Accumulated other comprehensive income 1,193,695 1,414,351
Accumulated deficit (326,100,471) (319,080,898)
Total Kopin Corporation stockholders’ equity 35,563,560 39,799,191
Noncontrolling interest (172,614) (172,334)
Total Kopin Corporation stockholders’ equity 35,390,946 39,626,857
Total liabilities and stockholders’ equity $ 55,571,611 $ 63,007,728