$KOPN
KOPIN CORP Stock $kopn

$kopn Overview Financials Valuation SEC Filings Company Website

2019 Q2 Form 10-Q Financial Statement

#000077126619000050 Filed on May 09, 2019

Income Statement

Concept	2019 Q2	2019 Q1	2018 Q1
Revenue	$9.110M	$5.543M	$5.654M
YoY Change	53.26%	-1.96%
Cost Of Revenue	$5.240M	$5.880M	$4.062M
YoY Change	49.71%	44.75%
Gross Profit	-$808.0K	-$1.263M	$983.0K
YoY Change	-182.96%	-228.48%
Gross Profit Margin	-8.87%	-22.79%	17.39%
Selling, General & Admin	$5.376M	$6.283M	$6.931M
YoY Change	-22.24%	-9.36%
% of Gross Profit			705.13%
Research & Development	$3.330M	$4.967M	$4.452M
YoY Change	-26.42%	11.57%
% of Gross Profit			452.86%
Depreciation & Amortization	$180.0K	$260.0K	$550.0K
YoY Change	-68.97%	-52.73%
% of Gross Profit			55.95%
Operating Expenses	$8.706M	$11.25M	$11.38M
YoY Change	-23.9%	-1.17%
Operating Profit	-$4.838M	-$11.58M	-$9.792M
YoY Change	-46.2%	18.3%
Interest Expense	$740.0K	$400.0K	$3.220M
YoY Change	-1157.14%	-87.58%
% of Operating Profit
Other Income/Expense, Net	$627.2K	$289.8K	$4.320M
YoY Change	-1302.47%	-93.29%
Pretax Income	-$4.211M	-$11.29M	-$5.472M
YoY Change	-53.45%	106.39%
Income Tax	$26.00K	$26.00K	$0.00
% Of Pretax Income
Net Earnings	-$4.260M	-$11.33M	-$5.536M
YoY Change	-53.9%	104.68%
Net Earnings / Revenue	-46.76%	-204.42%	-97.91%
Basic Earnings Per Share
Diluted Earnings Per Share	-$51.98K	-$151.1K	-$75.81K
COMMON SHARES
Basic Shares Outstanding	84.13M shares	76.28M shares	76.52M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2019 Q2	2019 Q1	2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$31.55M	$36.87M	$61.04M
YoY Change	-40.93%	-39.59%
Cash & Equivalents	$12.13M	$16.58M	$24.17M
Short-Term Investments	$19.42M	$20.29M	$36.87M
Other Short-Term Assets	$900.0K	$1.000M	$1.300M
YoY Change	-30.77%	-23.08%
Inventory	$3.700M	$4.174M	$3.773M
Prepaid Expenses
Receivables	$4.904M	$3.801M	$2.458M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$42.29M	$48.02M	$71.01M
YoY Change	-34.05%	-32.38%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.029M	$2.234M	$5.304M
YoY Change	-60.41%	-57.88%
Goodwill	$331.3K	$331.3K	$1.802M
YoY Change	-81.26%	-81.61%
Intangibles
YoY Change
Long-Term Investments	$9.100M	$5.700M	$3.900M
YoY Change	59.65%	46.15%
Other Assets	$1.325M	$1.698M	$4.194M
YoY Change	-39.03%	-59.53%
Total Long-Term Assets	$16.07M	$13.41M	$15.86M
YoY Change	5.59%	-15.46%
TOTAL ASSETS
Total Short-Term Assets	$42.29M	$48.02M	$71.01M
Total Long-Term Assets	$16.07M	$13.41M	$15.86M
Total Assets	$58.36M	$61.43M	$86.87M
YoY Change	-26.45%	-29.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.117M	$4.493M	$3.211M
YoY Change	5.72%	39.93%
Accrued Expenses	$7.000M	$6.700M	$4.600M
YoY Change	70.73%	45.65%
Deferred Revenue	$1.227M	$1.190M
YoY Change	56.55%
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$12.88M	$12.93M	$8.745M
YoY Change	38.65%	47.83%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$3.600M	$3.900M	$2.000M
YoY Change	63.64%	95.0%
Total Long-Term Liabilities	$3.600M	$3.900M	$2.000M
YoY Change	63.64%	95.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$12.88M	$12.93M	$8.745M
Total Long-Term Liabilities	$3.600M	$3.900M	$2.000M
Total Liabilities	$16.40M	$16.70M	$10.10M
YoY Change	51.85%	65.35%
SHAREHOLDERS EQUITY
Retained Earnings	-$288.5M	-$284.3M	-$242.6M
YoY Change	14.57%	17.17%
Common Stock	$345.9M	$344.6M	$333.3M
YoY Change	3.38%	3.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$17.24M	$17.24M	$17.24M
YoY Change	0.0%	0.0%
Treasury Stock Shares	4.513M shares	4.513M shares	4.513M shares
Shareholders Equity	$41.97M	$44.75M	$76.75M
YoY Change
Total Liabilities & Shareholders Equity	$58.36M	$61.43M	$86.87M
YoY Change	-26.45%	-29.29%

Cashflow Statement

Concept	2019 Q2	2019 Q1	2018 Q1
OPERATING ACTIVITIES
Net Income	-$4.260M	-$11.33M	-$5.536M
YoY Change	-53.9%	104.68%
Depreciation, Depletion And Amortization	$180.0K	$260.0K	$550.0K
YoY Change	-68.97%	-52.73%
Cash From Operating Activities	-$3.530M	-$7.847M	-$6.059M
YoY Change	-50.63%	29.51%
INVESTING ACTIVITIES
Capital Expenditures	-$50.00K	$74.92K	$553.8K
YoY Change	-73.68%	-86.47%
Acquisitions
YoY Change
Other Investing Activities	-$1.550M	$50.00K	$87.63K
YoY Change	-124.8%	-42.94%
Cash From Investing Activities	-$1.590M	$2.664M	$5.268M
YoY Change	-126.24%	-49.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		-$7.443M	$0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	680.0K	$7.443M	$0.00
YoY Change	-6900.0%
NET CHANGE
Cash From Operating Activities	-3.530M	-$7.847M	-$6.059M
Cash From Investing Activities	-1.590M	$2.664M	$5.268M
Cash From Financing Activities	680.0K	$7.443M	$0.00
Net Change In Cash	-4.440M	$2.260M	-$790.6K
YoY Change	303.64%	-385.89%
FREE CASH FLOW
Cash From Operating Activities	-$3.530M	-$7.847M	-$6.059M
Capital Expenditures	-$50.00K	$74.92K	$553.8K
Free Cash Flow	-$3.480M	-$7.922M	-$6.613M
YoY Change	-50.0%	19.79%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2019Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2019Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
CY2019Q1	dei	Document Period End Date DocumentPeriodEndDate	2019-03-30
CY2019Q1	dei	Document Type DocumentType	10-Q
CY2019Q1	dei	Amendment Flag AmendmentFlag	false
CY2019Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-28
CY2019Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000771266
CY2019Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	84133574	shares
CY2019Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2019Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2019Q1	dei	Entity Registrant Name EntityRegistrantName	KOPIN CORP
CY2019Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2019Q1	dei	Trading Symbol TradingSymbol	KOPN
CY2019Q1	kopn	Cashand Cash Equivalentsand Marketable Debt Securities CashandCashEquivalentsandMarketableDebtSecurities	36900000	USD
CY2019Q1	kopn	Changein Contract Asset Percent Change ChangeinContractAssetPercentChange	-0.31
CY2019Q1	kopn	Changein Contract Assets ChangeinContractAssets	-947986	USD
CY2019Q1	kopn	Changein Contract Assets Liabilities Net ChangeinContractAssetsLiabilitiesNet	-1751673	USD
CY2019Q1	kopn	Changein Contract Assets Liabilities Net Percent Change ChangeinContractAssetsLiabilitiesNetPercentChange	-0.65
CY2019Q1	kopn	Changein Contract Liabilities ChangeinContractLiabilities	-800839	USD
CY2019Q1	kopn	Changein Contract Liabilities Noncurrent ChangeinContractLiabilitiesNoncurrent	-2848	USD
CY2019Q1	kopn	Changein Contract Liability Percent Change ChangeinContractLiabilityPercentChange	2.06
CY2018Q4	kopn	Contract Assets Liabilities Net ContractAssetsLiabilitiesNet	2683436	USD
CY2019Q1	kopn	Contract Assets Liabilities Net ContractAssetsLiabilitiesNet	931763	USD
CY2018Q4	kopn	Contractwith Related Party Asset Net ContractwithRelatedPartyAssetNet	400000	USD
CY2019Q1	kopn	Contractwith Related Party Asset Net ContractwithRelatedPartyAssetNet	400000	USD
CY2018Q4	kopn	Equity Investment Fair Value EquityInvestmentFairValue	5565499	USD
CY2019Q1	kopn	Equity Investment Fair Value EquityInvestmentFairValue	5650099	USD
CY2019Q1	kopn	Gross Proceedsfrom Issuanceor Saleof Equity GrossProceedsfromIssuanceorSaleofEquity	8000000	USD
CY2019Q1	kopn	Percent Changein Contract Liabilities Noncurrent PercentChangeinContractLiabilitiesNoncurrent	0.165
CY2018Q1	kopn	Percentage Of Total Revenue PercentageOfTotalRevenue	1.00
CY2019Q1	kopn	Percentage Of Total Revenue PercentageOfTotalRevenue	0.99
CY2019Q1	kopn	Percentof Future Lease Commitments Relatedto Real Estate Leases PercentofFutureLeaseCommitmentsRelatedtoRealEstateLeases	0.86
CY2019Q1	kopn	Total Future Minimum Lease Payments TotalFutureMinimumLeasePayments	3588000	USD
CY2018Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	3921880	USD
CY2019Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	4492572	USD
CY2018Q4	us-gaap	Accounts Payable Related Parties Current And Noncurrent AccountsPayableRelatedPartiesCurrentAndNoncurrent	207530	USD
CY2019Q1	us-gaap	Accounts Payable Related Parties Current And Noncurrent AccountsPayableRelatedPartiesCurrentAndNoncurrent	892704	USD
CY2018Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3088360	USD
CY2019Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3800689	USD
CY2018Q4	us-gaap	Accounts Receivable Related Parties AccountsReceivableRelatedParties	1041334	USD
CY2019Q1	us-gaap	Accounts Receivable Related Parties AccountsReceivableRelatedParties	997620	USD
CY2018Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	1554587	USD
CY2019Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	1651904	USD
CY2018Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	335692879	USD
CY2019Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	343738809	USD
CY2018Q1	us-gaap	Adjustment Of Warrants Granted For Services AdjustmentOfWarrantsGrantedForServices	-2849816	USD
CY2019Q1	us-gaap	Adjustment Of Warrants Granted For Services AdjustmentOfWarrantsGrantedForServices	0	USD
CY2018Q1	us-gaap	Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities	442691	USD
CY2019Q1	us-gaap	Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities	1253988	USD
CY2018Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1399415	USD
CY2019Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	815842	USD
CY2018Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1399415	USD
CY2019Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	815842	USD
CY2018Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	304000	USD
CY2019Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	551000	USD
CY2018Q1	us-gaap	Allowance For Doubtful Accounts Receivable Period Increase Decrease AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease	-136095	USD
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CY2019Q1	us-gaap	Assets Current AssetsCurrent	48016999	USD
CY2018Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	321486	USD
CY2019Q1	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	150306	USD
CY2018Q4	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	23239502	USD
CY2019Q1	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	20439223	USD
CY2019Q1	us-gaap	Available For Sale Securities AvailableForSaleSecurities	20288917	USD
CY2019Q1	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue	15622371	USD
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CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	24167900	USD
CY2018Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	14326347	USD
CY2019Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	16583525	USD
CY2018Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-680327	USD
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CY2018Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2019Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2018Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	120000000	shares
CY2019Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	120000000	shares
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CY2019Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	87951373	shares
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CY2019Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	81287243	shares
CY2018Q4	us-gaap	Common Stock Value CommonStockValue	785220	USD
CY2019Q1	us-gaap	Common Stock Value CommonStockValue	858004	USD
CY2018Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-5738208	USD
CY2019Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-11222593	USD
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CY2019Q1	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	2141677	USD
CY2018Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	388933	USD
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CY2019Q1	us-gaap	Contract With Customer Liability Noncurrent ContractWithCustomerLiabilityNoncurrent	20142	USD
CY2018Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	100000	USD
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CY2019Q1	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-100000	USD
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CY2019Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	264389	USD
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CY2018Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	110287	USD
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CY2018Q4	us-gaap	Financial Instruments Owned At Fair Value FinancialInstrumentsOwnedAtFairValue	43097888	USD
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CY2018Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	218943	USD
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CY2019Q1	us-gaap	Goodwill Goodwill	331344	USD
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CY2019Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	26000	USD
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CY2018Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-2644054	USD
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CY2019Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	953353	USD
CY2018Q1	us-gaap	Increase Decrease In Billing In Excess Of Cost Of Earnings IncreaseDecreaseInBillingInExcessOfCostOfEarnings	379330	USD
CY2019Q1	us-gaap	Increase Decrease In Billing In Excess Of Cost Of Earnings IncreaseDecreaseInBillingInExcessOfCostOfEarnings	922540	USD
CY2018Q1	us-gaap	Increase Decrease In Cost In Excess Of Billing On Uncompleted Contract IncreaseDecreaseInCostInExcessOfBillingOnUncompletedContract	-1124634	USD
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CY2018Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	198961	USD
CY2019Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	620982	USD
CY2018Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-98008	USD
CY2019Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-221926	USD
CY2018Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	722547	USD
CY2019Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	456303	USD
CY2018Q4	us-gaap	Inventory Net InventoryNet	4797238	USD
CY2019Q1	us-gaap	Inventory Net InventoryNet	4174350	USD
CY2018Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	2548139	USD
CY2019Q1	us-gaap	Inventory Raw Materials InventoryRawMaterials	2509173	USD
CY2018Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	1526552	USD
CY2019Q1	us-gaap	Inventory Work In Process InventoryWorkInProcess	1208874	USD
CY2018Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	159851	USD
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CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	4018000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	0	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	204000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	656000	USD
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CY2019Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	430000	USD
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CY2019Q1	us-gaap	Liabilities Current LiabilitiesCurrent	12927432	USD
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CY2019Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	7442872	USD
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CY2019Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	2664219	USD
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CY2018	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	28200000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-7846803	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	-5536000	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	-5536278	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	-11330927	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	-11331000	USD
CY2018Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	64174	USD
CY2019Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	11017	USD
CY2018Q1	us-gaap	New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification	3059382	USD
CY2018Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	4319530	USD
CY2019Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	289761	USD
CY2018Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-9791634	USD
CY2019Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-11583671	USD
CY2018Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	357000	USD
CY2019Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	301000	USD
CY2019Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	3588215	USD
CY2018Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	3800000	USD
CY2018Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	0	USD
CY2019Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1002309	USD
CY2018Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1000000	USD
CY2018Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	0	USD
CY2019Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	2585906	USD
CY2019Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	298000	USD
CY2018Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	0	USD
CY2019Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	3496947	USD
CY2018Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	3700000	USD
CY2019Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0611
CY2019Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P3Y8M23D
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	4060000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	1210000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	201000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	616000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	921000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	1112000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	0	USD
CY2019Q1	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	208000000	USD
CY2018Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	1901547	USD
CY2019Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	3006409	USD
CY2018Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1649401	USD
CY2019Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1697599	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	-124480	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	-122064	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-266104	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	97317	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax	4750	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax	2619	USD
CY2018Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	-136874	USD
CY2019Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	222000	USD
CY2018Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1101255	USD
CY2019Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-109735	USD
CY2018Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	87632	USD
CY2019Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	50000	USD
CY2019Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	7128	USD
CY2019Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	140000	USD
CY2018Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	0	USD
CY2019Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	7128	USD
CY2018Q1	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	1000000	USD
CY2019Q1	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	0	USD
CY2018Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	553793	USD
CY2019Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	74920	USD
CY2018Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2019Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2018Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	3000	shares
CY2019Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	3000	shares
CY2018Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2019Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2018Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2019Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2018Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	784790	USD
CY2019Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	855780	USD
CY2018Q4	us-gaap	Prepaid Taxes PrepaidTaxes	399611	USD
CY2019Q1	us-gaap	Prepaid Taxes PrepaidTaxes	172061	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2019Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	7450000	USD
CY2018Q1	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	6909855	USD
CY2019Q1	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	2789139	USD
CY2018Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	571000	USD
CY2019Q1	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	584000	USD
CY2018Q1	us-gaap	Product Warranty Expense ProductWarrantyExpense	0	USD
CY2019Q1	us-gaap	Product Warranty Expense ProductWarrantyExpense	32732	USD
CY2018Q1	us-gaap	Profit Loss ProfitLoss	-5472104	USD
CY2018	us-gaap	Profit Loss ProfitLoss	35800000	USD
CY2019Q1	us-gaap	Profit Loss ProfitLoss	-11319910	USD
CY2018Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2598842	USD
CY2019Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2234285	USD
CY2018Q1	us-gaap	Related Party Transaction Other Revenues From Transactions With Related Party RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty	251351	USD
CY2019Q1	us-gaap	Related Party Transaction Other Revenues From Transactions With Related Party RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty	525386	USD
CY2018Q1	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	220004	USD
CY2019Q1	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	1246077	USD
CY2018Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	4451653	USD
CY2019Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	4966716	USD
CY2018Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-272932143	USD
CY2019Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-284263070	USD
CY2019Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	7000000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P12Y
CY2018Q1	us-gaap	Revenues Revenues	5653620	USD
CY2018Q1	us-gaap	Revenues Revenues	5654000	USD
CY2019Q1	us-gaap	Revenues Revenues	5542925	USD
CY2019Q1	us-gaap	Revenues Revenues	5543000	USD
CY2019Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	243000	USD
CY2018Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	6931410	USD
CY2019Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	6282803	USD
CY2018Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1399415	USD
CY2019Q1	us-gaap	Share Based Compensation ShareBasedCompensation	815842	USD
CY2018Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	1700000
CY2019Q1	us-gaap	Shares Issued Price Per Share SharesIssuedPricePerShare	1.10
CY2018Q4	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	571000	USD
CY2019Q1	us-gaap	Standard Product Warranty Accrual StandardProductWarrantyAccrual	584000	USD
CY2019Q1	us-gaap	Standard Product Warranty Accrual Payments StandardProductWarrantyAccrualPayments	167000	USD
CY2019Q1	us-gaap	Standard Product Warranty Accrual Warranties Issued StandardProductWarrantyAccrualWarrantiesIssued	180000	USD
CY2019Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	7310000	USD
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	47861874	USD
CY2019Q1	us-gaap	Stockholders Equity StockholdersEquity	44746978	USD
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	77379847	USD
CY2018Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	76100436	USD
CY2018Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	47712821	USD
CY2019Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	44608942	USD
CY2018Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	4513256	shares
CY2019Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	4513256	shares
CY2018Q4	us-gaap	Treasury Stock Value TreasuryStockValue	17238669	USD
CY2019Q1	us-gaap	Treasury Stock Value TreasuryStockValue	17238669	USD
CY2018Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	73078344	shares
CY2019Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	74968981	shares
CY2019Q1	us-gaap	Basis Of Accounting BasisOfAccounting	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BASIS OF PRESENTATION</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The condensed consolidated financial statements of Kopin Corporation as of </font><font style="font-family:inherit;font-size:10pt;">March 30, 2019</font><font style="font-family:inherit;font-size:10pt;"> and for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> month periods ended </font><font style="font-family:inherit;font-size:10pt;">March 30, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">March 31, 2018</font><font style="font-family:inherit;font-size:10pt;"> are unaudited and include all 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 </font><font style="font-family:inherit;font-size:10pt;">December 29, 2018</font><font style="font-family:inherit;font-size:10pt;">. 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. The Company reclassified certain prior period amounts to conform to the current period presentation. 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.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Going Concern</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred net losses of </font><font style="font-family:inherit;font-size:10pt;">$35.8 million</font><font style="font-family:inherit;font-size:10pt;"> and net cash outflows from operations of </font><font style="font-family:inherit;font-size:10pt;">$28.2 million</font><font style="font-family:inherit;font-size:10pt;"> for the fiscal year ended 2018. The Company incurred a net loss of </font><font style="font-family:inherit;font-size:10pt;">$11.3 million</font><font style="font-family:inherit;font-size:10pt;"> for the three months ended </font><font style="font-family:inherit;font-size:10pt;">March 30, 2019</font><font style="font-family:inherit;font-size:10pt;"> and net cash outflows from operations of </font><font style="font-family:inherit;font-size:10pt;">$7.8 million</font><font style="font-family:inherit;font-size:10pt;">. In addition, the Company has experienced a significant decline in its cash and cash equivalents and marketable debt securities over the last several years, which was primarily a result of funding operating losses, of which a significant component relates to the Company’s ongoing investments in the research and development of Wearable products. On March 15, 2019, the Company sold </font><font style="font-family:inherit;font-size:10pt;">7.3 million</font><font style="font-family:inherit;font-size:10pt;"> shares of registered common stock for gross proceeds of </font><font style="font-family:inherit;font-size:10pt;">$8.0 million</font><font style="font-family:inherit;font-size:10pt;"> (</font><font style="font-family:inherit;font-size:10pt;">$1.10</font><font style="font-family:inherit;font-size:10pt;"> per share), before deducting underwriting discounts and offering expenses payable by the Company. The Company had </font><font style="font-family:inherit;font-size:10pt;">$36.9 million</font><font style="font-family:inherit;font-size:10pt;"> of cash and cash equivalents and marketable debt securities at </font><font style="font-family:inherit;font-size:10pt;">March 30, 2019</font><font style="font-family:inherit;font-size:10pt;">. The Company's historical and current use of cash in operations combined with limited liquidity resources raise substantial doubt regarding the Company’s ability to continue as a going concern.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company’s products are targeted towards the wearable market, which management believes is still developing and cannot predict how long the wearable market will take to develop or if the Company’s products will be accepted.  Accordingly, the Company’s current strategy is to continue to invest in research and development, even during unprofitable periods, which may result in the Company continuing to incur net losses and negative cash flows from operations.  If the Company is unable to achieve and maintain positive cash flows and profitability in the foreseeable future, its financial condition may ultimately be materially adversely affected such that management may be required to reduce operating expenses, including investments in research and development, or raise additional capital. While there can be no assurance the Company will be able to successfully reduce operating expenses or raise additional capital, management believes its historical success in managing cash flows and obtaining capital will continue in the foreseeable future.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These financial statements do not include any adjustments that might result from the outcome of this uncertainty.</font></div></div>

Files In Submission

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$KOPN
KOPIN CORP Stock $kopn

2019 Q2 Form 10-Q Financial Statement

#000077126619000050 Filed on May 09, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KOPN KOPIN CORP Stock $kopn

2019 Q2 Form 10-Q Financial Statement

#000077126619000050 Filed on May 09, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KOPN
KOPIN CORP Stock $kopn