Kopin corporation (KOPN)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets:
Cash and equivalents

8,333

6,029

8,757

12,134

16,583

14,326

19,367

22,742

24,167

24,848

25,882

30,541

18,393

15,822

20,998

25,812

27,635

19,767

14,977

16,477

12,460

14,635

17,049

13,305

14,811

16,756

25,290

32,799

38,851

27,135

25,263

31,160

43,391

43,095

40,163

33,170

49,834

Marketable debt securities, at fair value

9,307

15,752

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Marketable debt securities, at fair value

-

-

17,258

19,420

20,288

22,918

26,835

30,681

36,873

43,907

51,454

54,367

49,357

61,375

63,034

65,709

63,248

60,942

72,361

71,843

74,685

76,223

76,955

85,593

91,334

95,972

97,457

97,584

98,612

65,349

69,273

65,166

58,568

62,323

63,096

66,156

61,112

Accounts receivable, net of allowance of $786,000 in 2020 and $938,000 in 2019

5,929

6,023

4,910

4,904

3,800

3,088

2,628

2,785

2,457

3,955

2,023

1,943

2,390

1,664

1,666

1,326

1,661

1,487

2,306

8,315

4,420

3,758

3,621

3,771

2,367

2,388

2,824

2,697

2,934

5,254

12,293

12,417

12,828

16,510

15,183

15,034

14,539

Contract assets and unbilled receivables

1,394

921

1,045

1,222

2,141

3,089

1,935

2,384

2,479

704

124

-

0

34

94

82

19

87

255

142

160

43

-

-

-

0

0

112

428

178

587

457

117

36

71

977

391

Accounts receivable from unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

87

84

2,072

2,036

2,370

1,340

1,460

4,213

2,558

Inventory

3,427

3,768

3,442

3,700

4,174

4,797

4,953

4,257

3,773

5,080

5,949

4,412

4,194

3,302

3,197

2,935

2,705

2,512

2,577

3,065

3,654

4,081

3,922

3,294

2,361

3,078

2,842

3,668

4,757

5,789

19,684

19,913

23,012

20,468

19,354

19,114

21,462

Prepaid taxes

82

104

601

104

172

399

133

96

102

264

166

138

116

341

94

119

145

437

157

155

65

378

262

156

273

233

253

268

304

683

878

631

611

667

368

515

664

Prepaid expenses and other current assets

1,403

1,164

766

802

855

784

1,044

1,177

1,155

978

1,089

1,393

1,147

853

986

895

695

920

785

698

787

802

1,365

1,425

563

1,178

979

1,146

884

917

1,052

1,267

889

1,294

1,851

2,265

2,060

Notes Receivable, Fair Value Disclosure

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

15,000

14,983

14,966

14,950

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

21,573

-

-

-

0

-

-

-

Total current assets

29,879

33,764

36,783

42,288

48,016

49,404

56,898

64,124

71,009

79,739

86,690

92,796

75,600

83,394

90,072

96,881

96,110

101,156

108,405

115,663

111,183

99,924

103,175

107,548

111,711

119,608

129,647

138,277

146,861

126,967

131,106

133,050

141,790

145,736

141,549

141,447

152,624

Property, plant and equipment, net

1,450

1,473

1,621

2,029

2,234

2,598

5,075

5,125

5,304

5,077

3,660

3,708

2,999

2,976

2,936

2,728

2,712

2,677

3,641

4,107

4,246

4,589

5,157

5,311

5,350

6,034

6,191

6,429

6,948

8,486

33,710

32,962

33,786

32,369

34,061

35,810

32,613

Operating lease right-of-use assets

2,506

2,753

3,073

3,242

3,496

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,472

3,620

3,920

4,201

-

-

-

Goodwill

-

-

0

331

331

331

1,761

1,768

1,801

1,780

2,376

2,359

2,326

844

869

887

928

946

961

984

947

976

1,005

1,039

1,022

1,016

1,080

1,080

684

684

1,140

-

1,640

1,664

4,570

4,741

-

Finite-Lived Intangible Assets, Net

-

-

-

-

-

-

220

441

662

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

-

-

-

-

-

-

-

-

-

-

1,356

1,829

2,302

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangibles

-

-

-

-

-

-

-

-

-

883

-

-

-

0

-

-

-

-

154

308

462

616

854

1,098

1,342

1,581

3,349

3,528

3,862

2,316

1,829

1,833

1,948

1,953

4,114

4,439

-

Other assets

253

517

844

1,325

1,697

1,361

2,096

2,173

4,194

3,842

968

938

823

618

618

716

711

461

1,713

2,943

2,366

1,900

1,614

1,193

2,783

3,024

19,056

21,102

22,235

8,607

9,287

10,471

9,902

7,946

4,456

5,575

6,857

Equity investments

4,346

4,537

9,029

9,141

5,650

5,853

5,572

5,708

3,900

0

-

-

-

-

0

0

860

819

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts and Notes Receivable, Net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

14,933

14,916

14,900

14,883

14,866

-

-

-

0

-

-

-

-

-

-

-

Noncurrent assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

29,145

-

-

-

0

-

-

-

Total assets

38,436

43,046

51,352

58,358

61,427

59,549

71,625

79,343

86,872

91,322

95,052

101,633

84,052

87,832

94,497

101,215

101,323

106,060

114,876

124,006

119,207

122,941

126,724

131,091

137,093

146,131

159,325

170,418

180,593

176,208

180,546

181,937

192,988

193,872

188,751

192,014

192,096

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable

3,925

3,998

3,018

4,116

4,492

3,921

4,229

3,894

3,210

4,918

3,965

4,182

3,878

4,355

3,888

4,327

4,439

3,959

3,708

4,778

3,524

5,503

4,560

4,361

4,147

3,868

4,295

3,143

3,106

5,121

9,503

8,800

11,501

12,384

8,959

8,092

11,317

Accrued payroll and expenses

1,699

2,203

2,536

2,198

2,117

3,038

2,169

1,722

1,920

1,636

2,755

1,968

2,393

1,443

1,815

1,791

1,466

1,631

1,433

1,828

1,268

1,985

1,612

1,725

1,384

1,436

1,511

1,707

1,468

2,147

3,037

3,074

2,238

4,182

3,131

2,583

2,741

Accrued warranty

508

509

645

535

584

571

587

615

599

649

585

854

736

518

518

516

516

518

716

716

716

716

716

716

716

716

718

716

716

716

1,015

1,031

1,357

1,318

1,380

1,368

1,300

Contract liabilities and billings in excess of revenues earned

1,229

796

1,430

1,227

1,189

388

428

317

384

896

728

1,027

1,134

981

1,274

1,254

1,329

1,407

1,485

3,522

2,343

586

345

289

665

547

1,782

1,930

1,064

1,220

2,214

2,417

2,445

2,467

2,462

2,604

3,210

Accrued Income Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

721

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

1,059

1,041

1,081

1,017

1,002

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued liabilities

1,684

2,235

2,961

3,259

3,006

1,901

2,095

1,716

2,106

2,066

4,792

3,601

3,358

2,560

3,152

2,662

2,651

2,553

3,468

3,111

2,864

3,169

2,769

3,041

2,545

3,157

3,354

3,301

3,231

2,563

4,925

3,492

3,561

2,126

2,023

2,861

1,956

Taxes payable

503

525

-

-

-

-

1

161

0

1,416

724

729

936

935

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities

-

-

507

527

535

546

547

863

523

520

2,606

2,623

2,686

2,571

2,547

2,570

1,330

1,207

1,207

1,282

1,282

1,282

1,409

1,418

1,390

1,512

1,612

1,556

1,296

1,304

-

-

-

0

-

-

-

Current liabilities held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7,102

-

-

-

0

-

-

-

Total current liabilities

10,609

11,309

12,181

12,880

12,927

10,367

10,058

9,289

8,744

12,103

16,157

14,987

15,123

13,365

13,197

13,843

11,733

11,276

12,018

15,239

11,999

13,242

11,413

11,552

10,850

11,239

13,274

12,356

10,883

20,176

20,695

18,815

21,105

22,479

17,957

17,510

20,526

Contract with Customer, Liability, Noncurrent

-

-

-

-

-

-

-

-

-

374

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Revenue, Noncurrent

-

-

-

-

-

-

154

153

262

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncurrent contract liabilities and asset retirement obligations

251

268

245

254

260

271

260

264

280

269

268

260

251

246

259

274

282

298

304

314

297

311

325

340

332

329

321

304

303

322

1,144

1,182

1,316

1,295

1,283

1,284

944

Operating lease liabilities, net of current portion

1,513

1,791

2,077

2,314

2,585

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term obligations

1,067

1,085

1,031

1,049

1,044

1,197

1,925

1,785

1,484

1,195

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncurrent liabilities held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

623

-

-

-

0

-

-

-

Commitments and contingencies (Note 13)

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders’ equity:
Stockholders’ equity:
Preferred stock, par value $.01 per share: authorized, 3,000 shares; none issued

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, par value $.01 per share: authorized, 120,000,000 shares; issued 89,427,296 shares in 2020 and 88,912,796 shares in 2019; outstanding 82,536,416 in 2020 and 2019

870

870

865

865

858

785

776

776

775

775

767

767

766

766

761

761

760

760

756

753

751

751

747

747

746

745

739

739

737

736

732

732

732

732

726

726

725

Additional paid-in capital

344,615

344,456

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

-

-

344,248

344,998

343,738

334,491

334,985

333,794

332,518

329,917

331,008

330,161

329,337

328,524

328,339

327,754

327,141

326,558

326,911

326,425

325,499

324,625

324,315

323,230

321,941

320,511

321,232

320,105

319,192

318,928

318,515

317,551

316,681

315,710

315,488

314,791

313,311

Treasury stock (4,513,256 shares in 2020 and 2019, at cost)

17,238

17,238

17,238

17,238

17,238

17,238

17,238

17,238

17,238

17,238

17,238

17,238

42,741

42,741

42,741

42,741

42,741

42,741

42,741

42,741

42,741

42,741

42,741

42,741

42,741

42,442

40,437

36,681

34,450

34,450

34,450

34,450

32,267

30,995

29,640

28,488

26,580

Accumulated other comprehensive income

1,658

1,757

1,883

1,872

1,651

1,554

3,036

3,046

3,294

3,564

2,346

2,642

3,132

1,570

3,307

1,766

1,797

771

1,883

3,528

3,620

3,126

3,508

3,647

2,801

3,441

2,056

2,541

4,921

6,512

6,380

5,178

6,143

4,146

1,852

6,062

5,985

Accumulated deficit

-304,832

-301,236

-293,947

-288,523

-284,263

-271,730

-261,631

-251,839

-242,598

-240,256

-238,319

-230,071

-221,901

-214,042

-208,852

-200,655

-197,526

-190,608

-183,647

-178,972

-179,753

-175,915

-170,613

-165,643

-156,837

-147,703

-138,043

-129,269

-121,359

-142,993

-139,132

-132,408

-126,217

-124,631

-123,941

-124,738

-127,606

Total Kopin Corporation stockholders’ equity

25,072

28,608

35,811

41,974

44,746

47,861

59,929

68,539

76,751

76,763

78,564

86,260

68,594

74,077

80,814

86,885

89,432

94,740

103,161

108,993

107,377

109,846

115,217

119,239

125,910

134,553

145,546

157,434

169,041

148,733

152,045

156,603

165,071

164,961

164,484

168,352

165,835

Noncontrolling interest

-78

-17

5

-114

-138

-149

-703

-689

-651

616

62

125

83

141

226

212

-125

-256

-608

-540

-467

-459

-231

-41

0

9

183

322

364

6,352

6,661

5,336

5,494

5,135

5,025

4,867

4,789

Total Kopin Corporation stockholders’ equity

24,994

28,591

35,816

41,859

44,608

47,712

59,225

67,849

76,100

77,379

78,627

86,385

68,678

74,219

81,041

87,097

89,307

94,484

102,553

108,453

106,910

109,387

114,985

119,198

125,911

134,563

145,729

157,757

169,405

155,085

158,706

161,939

170,566

170,096

169,510

173,220

170,625

Total liabilities and stockholders’ equity

38,436

43,046

51,352

58,358

61,427

59,549

71,625

79,343

86,872

91,322

95,052

101,633

84,052

87,832

94,497

101,215

101,323

106,060

114,876

124,006

119,207

122,941

126,724

131,091

137,093

146,131

159,325

170,418

180,593

176,208

180,546

181,937

192,988

193,872

188,751

192,014

192,096