XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jun. 25, 2022
Jul. 01, 2023
Jun. 25, 2022
Revenues:        
Total revenues $ 10,459,856 $ 11,909,032 $ 21,218,047 $ 23,487,454
Expenses:        
Cost of product revenues 5,697,063 7,906,250 12,321,164 15,689,129
Research and development 3,132,259 5,145,375 5,444,476 10,553,988
Selling, general and administration 6,466,120 4,327,468 11,114,250 8,792,016
Total expenses 15,295,442 17,379,093 28,879,890 35,035,133
Loss from operations (4,835,586) (5,470,061) (7,661,843) (11,547,679)
Other (expense) income        
Interest income 222,700 12,552 324,465 19,532
Other income (expense), net 35,765 (3,586) 72,795 (4,727)
(Loss) gain on investments (3,327,347) (3,327,347) 4,700,000
Foreign currency transaction losses (236,911) (150,094) (139,004) (114,979)
Total other (expense) income (3,305,793) (141,128) (3,069,091) 4,599,826
Loss before provision for income taxes and net loss attributable to noncontrolling interest (8,141,379) (5,611,189) (10,730,934) (6,947,853)
Tax provision (39,000) (36,000) (78,000) (72,000)
Net loss (8,180,379) (5,647,189) (10,808,934) (7,019,853)
Net loss attributable to the noncontrolling interest 257 280
Net loss attributable to Kopin Corporation $ (8,180,379) $ (5,646,932) $ (10,808,934) $ (7,019,573)
Net loss per share        
Basic $ (0.07) $ (0.06)   $ (0.08)
Diluted $ (0.07) $ (0.06) $ (0.10) $ (0.08)
Weighted average number of common shares outstanding        
Basic 109,911,244 90,300,999 107,473,813 90,211,742
Diluted 109,911,244 90,300,999 107,473,813 90,211,742
Net Product Revenues [Member]        
Revenues:        
Total revenues $ 6,011,393 $ 9,003,658 $ 13,666,109 $ 15,511,186
Research And Development Revenues [Member]        
Revenues:        
Total revenues 3,884,225 2,806,109 6,780,676 7,714,142
Other Revenues [Member]        
Revenues:        
Total revenues $ 564,238 $ 99,265 $ 771,262 $ 262,126