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Consolidated Balance Sheets - USD ($)
Dec. 28, 2024
Dec. 30, 2023
Current assets:    
Cash and cash equivalents $ 14,160,120 $ 5,710,685
Restricted cash 1,050,000 500,000
Marketable securities, at fair value 21,419,658 11,692,000
Accounts receivable, net of allowance of $1,075,000 and $1,025,000 in 2024 and 2023, respectively 11,850,654 9,706,036
Contract assets 7,074,020 3,409,809
Inventory 6,134,096 7,601,806
Prepaid expenses and other current assets 1,153,852 1,210,207
Total current assets 62,842,400 39,830,543
Property, plant and equipment, net 2,099,708 2,163,417
Operating lease right-of-use assets 2,134,898 2,504,909
Other assets 123,822 124,925
Equity investments 3,564,938 4,688,522
Total assets 70,765,766 49,312,316
Current liabilities:    
Accounts payable 5,941,470 4,947,338
Accrued payroll and expenses 2,409,468 1,701,506
Accrued warranty 2,557,000 2,160,000
Contract liabilities 87,752 916,826
Operating lease liabilities 639,642 651,503
Accrued post-retirement benefits 40,000 790,000
Other accrued liabilities 685,946 1,702,681
Customer deposits 408,156
Accrued legal expenses 6,367,900 2,129,421
Deferred tax liabilities 414,118 470,884
Accrued litigation damages 24,800,000
Total current liabilities 43,943,296 15,878,315
Noncurrent contract liabilities and asset retirement obligations 358,292 278,112
Operating lease liabilities, net of current portion 1,479,976 1,832,982
Accrued post-retirement benefits, net of current portion 230,646 319,996
Other long-term liabilities, net of current portion 1,471,994 1,494,016
Total liabilities 47,484,204 19,803,421
Commitments and contingencies (Note 11) and Litigation (Note 12)
Stockholders’ equity:    
Preferred stock, par value $.01 per share: authorized, 3,000 shares; no shares issued and outstanding as of 2024 and 2023
Common stock, par value $.01 per share: authorized, 200,000,000 shares in 2024 and 150,000,000 in 2023; issued 161,264,507 shares in 2024 and 114,253,818 shares in 2023; outstanding 156,118,014 in 2024 and 112,251,416 in 2023 1,564,308 1,123,220
Additional paid-in capital 422,087,837 385,411,542
Treasury stock (312,882 shares in 2024 and 70,635 shares in 2023, at cost) (370,012) (103,127)
Accumulated other comprehensive income 2,032,359 1,232,294
Accumulated deficit (402,032,930) (358,155,034)
Total stockholders’ equity 23,281,562 29,508,895
Total liabilities and stockholders’ equity $ 70,765,766 $ 49,312,316