KOPIN CORP
For the period ended Dec 28, 2024. Filed Apr 17, 2025.
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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.
FY2024 · Filed Apr 17, 2025
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 28, 2024 | December 30, 2023 | |
|---|---|---|
| ASSETS | ||
| 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 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| 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 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.