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BASIS OF PRESENTATION | 9 Months Ended
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Sep. 27, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
BASIS OF PRESENTATION | 1. BASIS OF PRESENTATION The condensed consolidated financial statements of Kopin Corporation as of September 27, 2025 and for the three and nine month periods ended September 27, 2025 and September 28, 2024 are unaudited and include all normal recurring adjustments that, in the opinion of management, are necessary to present fairly the results of operations for the periods then ended. These condensed consolidated financial statements should be read in conjunction with the Company’s financial statements and notes thereto, included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 28, 2024, as amended. The results of the Company’s operations for any interim period are not necessarily indicative of the results of the Company’s operations for any other interim period or for a full fiscal year. As used in this report, the terms “we”, “us”, “our”, “Kopin” and the “Company” mean Kopin Corporation and its subsidiaries, unless the context indicates another meaning. The condensed consolidated financial statements for the three and nine month periods ended September 27, 2025 and September 28, 2024 include the accounts of Kopin Corporation and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated. Liquidity Inclusive within the issuance of the Company’s financial statements for the year ended December 28, 2024 and for the three and six months ended June 28, 2025, the Company experienced negative cash flow from operations and has had limited liquidity resources which had led management to conclude that there was substantial doubt about the Company’s ability to continue as a going concern. After the bond related to the Blue Radios, Inc. v. Kopin Corporation, Inc. judgment, as disclosed in Note 16. Subsequent Events, the Company was able to achieve sufficient financing from the PIPE so that liquidity, financial condition, and business projects will be funded. Therefore, management has concluded that the Company will be able to continue as a going concern for at least the next twelve months from the issuance of these financial statements.

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- Definition The entire disclosure for the basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483426/235-10-50-4 + Details
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