KOPIN CORP

For the period ended Dec 27, 2025. Filed Apr 13, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Apr 13, 2026

KOPN$3.38+11.4%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

	December 27, 2025	December 28, 2024
ASSETS
Current assets:
Cash and cash equivalents	$36,350,083	$14,160,120
Restricted cash and cash equivalents	25,277,063	1,050,000
Marketable securities, at fair value	—	21,419,658
Accounts receivable, net of allowance of $19,000 and $1,075,000 in 2025 and 2024, respectively	10,726,776	11,850,654
Contract assets	6,032,913	7,074,020
Inventory	5,505,775	6,134,096
Other receivable, at fair value	5,057,974	—
Prepaid expenses and other current assets	2,855,383	1,153,852
Total current assets	91,805,967	62,842,400
Property, plant and equipment, net	2,616,803	2,099,708
Operating lease right-of-use assets	1,488,231	2,134,898
Other assets	123,822	123,822
Equity method investment, at fair value	8,900,000	—
Equity investments	3,459,434	3,564,938
Total assets	$108,394,257	$70,765,766
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK, AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$5,315,998	$5,941,470
Accrued payroll and expenses	2,231,848	2,409,468
Accrued warranty	1,165,000	2,557,000
Contract liabilities	1,168,009	87,752
Deferred grant income	2,688,627	—
Operating lease liabilities	648,469	639,642
Accrued post-retirement benefits	40,000	40,000
Other accrued liabilities	422,440	685,946
Accrued legal expenses	185,475	6,367,900
Deferred tax liabilities	422,458	414,118
Accrued litigation damages	19,700,000	24,800,000
Total current liabilities	33,988,324	43,943,296
Noncurrent contract liabilities and asset retirement obligations	3,675	358,292
Operating lease liabilities, net of current portion	831,507	1,479,976
Accrued post-retirement benefits, net of current portion	190,696	230,646
Other long-term liabilities, net of current portion	1,706,411	1,471,994
Total liabilities	36,720,613	47,484,204
Commitments and contingencies (Note 13) and Litigation (Note 14)	-	-
Series A redeemable convertible preferred stock, par value $0.01, stated value $7,000 per share; 1,000 shares authorized, 1,000 issued, and outstanding at December 27, 2025; no shares issued and outstanding as of December 28, 2024; aggregate liquidation preference of $7,000,000 as of December 27. 2025	7,556,481	—
Stockholders’ equity:
Preferred stock, par value $.01 per share: authorized, 3,000 shares; no shares issued and outstanding as of 2025 and 2024	—	—
Common stock, par value $0.01; 275,000,000 shares authorized, 183,015,207 issued, and 176,903,857 outstanding at December 27, 2025; 200,000,000 shares authorized, 161,264,507 issued, and 156,118,014 outstanding at December 28, 2024	1,776,753	1,564,308
Additional paid-in capital	463,150,835	422,087,837
Treasury stock 771,500 shares in 2025 and 312,882 shares in 2024, at cost)	(1,389,174)	(370,012)
Accumulated other comprehensive income	—	2,032,359
Accumulated deficit	(399,421,251)	(402,032,930)
Total stockholders’ equity	64,117,163	23,281,562
Total liabilities, redeemable convertible preferred stock, and stockholders’ equity	$108,394,257	$70,765,766

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