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Condensed Consolidated Balance Sheets - USD ($)
Jul. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 10,106,668 $ 8,258,878
Marketable debt securities, at fair value 15,563,133 4,388,778
Accounts receivable, net of allowance of $1,103,000 in 2023 and $303,000 in 2022 6,171,241 6,537,891
Contract assets and unbilled receivables 4,108,406 4,068,364
Inventory 7,878,018 6,426,400
Prepaid taxes 176,085 105,495
Prepaid expenses and other current assets 1,917,503 1,074,867
Total current assets 45,921,054 30,860,673
Property, plant and equipment, net 1,800,346 1,831,641
Operating lease right-of-use assets 2,847,836 3,168,520
Other assets 169,132 170,132
Equity investments 4,626,081 7,721,206
Total assets 55,364,449 43,752,172
Current liabilities:    
Accounts payable 6,506,987 5,438,980
Accrued payroll and expenses 1,912,188 2,879,139
Accrued warranty 2,165,000 1,966,000
Contract liabilities and billings in excess of revenues earned 554,967 930,500
Operating lease liabilities 796,073 786,928
Accrued post-retirement benefits 790,000 790,000
Other accrued liabilities 1,642,432 1,182,346
Customer deposits 78,883
Deferred tax liabilities 462,985 482,739
Total current liabilities 14,909,515 14,456,632
Noncurrent contract liabilities and asset retirement obligations 260,242 248,284
Operating lease liabilities, net of current portion 2,182,886 2,576,883
Accrued post-retirement benefits, net of current portion 694,996 1,110,000
Other long-term obligations, net of current portion 1,390,705 1,369,758
Total liabilities 19,438,344 19,761,557
Commitments and contingencies
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 114,365,786 shares in 2023 and 94,920,060 shares in 2022; outstanding 110,305,990 in 2023 and 92,883,524 in 2022, respectively 1,103,765 929,540
Additional paid-in capital 382,941,171 360,567,631
Treasury stock (70,635 shares in 2023 and 2022, at cost) (103,127) (103,127)
Accumulated other comprehensive income 1,200,045 1,176,068
Accumulated deficit (349,215,749) (338,406,815)
Total Kopin Corporation stockholders’ equity 35,926,105 24,163,297
Noncontrolling interest (172,682)
Total Kopin Corporation stockholders’ equity 35,926,105 23,990,615
Total liabilities and stockholders’ equity $ 55,364,449 $ 43,752,172