KOPIN CORP
For the period ended Dec 30, 2023. Filed Mar 14, 2024.
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FY2023 · Filed Mar 14, 2024
KOPN$3.04+10.4%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 30, 2023 | December 31, 2022 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $5,710,685 | $8,258,878 |
| Restricted cash | 500,000 | — |
| Marketable debt securities, at fair value | 11,692,000 | 4,388,778 |
| Accounts receivable, net of allowance of $1,025,000 and $303,000 in 2023 and 2022, respectively | 9,706,036 | 6,537,891 |
| Contract assets and unbilled receivables | 3,409,809 | 4,068,364 |
| Inventory | 7,601,806 | 6,426,400 |
| Prepaid taxes | 85,572 | 105,495 |
| Prepaid expenses and other current assets | 1,124,635 | 1,074,867 |
| Total current assets | 39,830,543 | 30,860,673 |
| Property, plant and equipment, net | 2,163,417 | 1,831,641 |
| Operating lease right-of-use assets | 2,504,909 | 3,168,520 |
| Other assets | 124,925 | 170,132 |
| Equity investments | 4,688,522 | 7,721,206 |
| Total assets | $49,312,316 | $43,752,172 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $7,076,759 | $5,438,980 |
| Accrued payroll and expenses | 1,701,506 | 2,879,139 |
| Accrued warranty | 2,160,000 | 1,966,000 |
| Contract liabilities and billings in excess of revenues earned | 916,826 | 930,500 |
| Operating lease liabilities | 651,503 | 786,928 |
| Accrued post-retirement benefits | 790,000 | 790,000 |
| Other accrued liabilities | 1,702,681 | 1,182,346 |
| Customer deposits | 408,156 | — |
| Deferred tax liabilities | 470,884 | 482,739 |
| Total current liabilities | 15,878,315 | 14,456,632 |
| Noncurrent contract liabilities and asset retirement obligations | 278,112 | 248,284 |
| Operating lease liabilities, net of current portion | 1,832,982 | 2,576,883 |
| Accrued post-retirement benefits, net of current portion | 319,996 | 1,110,000 |
| Other long-term liabilities, net of current portion | 1,494,016 | 1,369,758 |
| Total liabilities | 19,803,421 | 19,761,557 |
| Commitments and contingencies (Note 11) | - | - |
| 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 114,253,818 shares in 2023 and 94,920,060 shares in 2022; outstanding 112,251,416 in 2023 and 92,883,524 in 2022, respectively | 1,123,220 | 929,540 |
| Additional paid-in capital | 385,411,542 | 360,567,631 |
| Treasury stock (70,635 shares in 2023 and 2022, at cost) | (103,127) | (103,127) |
| Accumulated other comprehensive income | 1,232,294 | 1,176,068 |
| Accumulated deficit | (358,155,034) | (338,406,815) |
| Total Kopin Corporation stockholders’ equity | 29,508,895 | 24,163,297 |
| Noncontrolling interest | — | (172,682) |
| Total stockholders’ equity | 29,508,895 | 23,990,615 |
| Total liabilities and stockholders’ equity | $49,312,316 | $43,752,172 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.