2020 Q4 Form 10-K Financial Statement
#000149315221005466 Filed on March 05, 2021
Income Statement
| Concept | 2020 Q4 | 2020 Q3 | 2020 Q2 |
|---|---|---|---|
| Revenue | $13.92M | $9.510M | $8.810M |
| YoY Change | 59.5% | 54.91% | -3.29% |
| Cost Of Revenue | $6.150M | $4.830M | $4.780M |
| YoY Change | 20.83% | 2.99% | -8.78% |
| Gross Profit | $3.295M | $1.662M | $1.891M |
| YoY Change | 177.36% | 527.17% | -334.03% |
| Gross Profit Margin | 23.67% | 17.48% | 21.46% |
| Selling, General & Admin | $2.400M | $3.080M | $2.910M |
| YoY Change | -47.02% | -39.96% | -45.87% |
| % of Gross Profit | 72.84% | 185.32% | 153.89% |
| Research & Development | $4.390M | $2.720M | $2.220M |
| YoY Change | 65.04% | 13.83% | -33.34% |
| % of Gross Profit | 133.23% | 163.66% | 117.4% |
| Depreciation & Amortization | $180.0K | $130.0K | $170.0K |
| YoY Change | -5.26% | -18.75% | -5.56% |
| % of Gross Profit | 5.46% | 7.82% | 8.99% |
| Operating Expenses | $6.790M | $5.790M | $5.130M |
| YoY Change | -5.56% | -23.0% | -41.07% |
| Operating Profit | -$3.495M | -$4.128M | -$3.239M |
| YoY Change | -41.77% | -35.52% | -33.05% |
| Interest Expense | $260.0K | $200.0K | $40.00K |
| YoY Change | -106.07% | 566.67% | -94.59% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $30.00K | -$30.00K | -$50.00K |
| YoY Change | -94.64% | -61.45% | -107.97% |
| Pretax Income | $1.270M | -$940.0K | -$1.100M |
| YoY Change | -117.45% | -85.49% | -73.88% |
| Income Tax | $30.00K | $30.00K | $40.00K |
| % Of Pretax Income | 2.36% | ||
| Net Earnings | $1.260M | -$960.0K | -$1.120M |
| YoY Change | -117.28% | -85.51% | -73.71% |
| Net Earnings / Revenue | 9.05% | -10.09% | -12.71% |
| Basic Earnings Per Share | $0.02 | -$0.01 | -$0.01 |
| Diluted Earnings Per Share | $0.02 | -$0.01 | -$0.01 |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2020 Q4 | 2020 Q3 | 2020 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $20.70M | $15.60M | $15.30M |
| YoY Change | -4.97% | -40.04% | -51.51% |
| Cash & Equivalents | $17.11M | $10.60M | $8.800M |
| Short-Term Investments | $3.600M | $5.000M | $6.500M |
| Other Short-Term Assets | $1.500M | $2.200M | $1.400M |
| YoY Change | 15.38% | 57.14% | 55.56% |
| Inventory | $4.500M | $4.000M | $3.700M |
| Prepaid Expenses | |||
| Receivables | $12.80M | $8.100M | $9.200M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $39.50M | $29.90M | $29.60M |
| YoY Change | 16.99% | -18.71% | -30.01% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $3.400M | $3.300M | $3.600M |
| YoY Change | 130.77% | 103.46% | 77.39% |
| Goodwill | $0.00 | ||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $4.500M | $4.300M | $4.200M |
| YoY Change | 0.0% | -52.22% | -53.85% |
| Other Assets | $200.0K | $200.0K | $300.0K |
| YoY Change | -61.35% | -76.3% | -77.36% |
| Total Long-Term Assets | $8.000M | $7.800M | $8.000M |
| YoY Change | -13.81% | -46.46% | -50.22% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $39.50M | $29.90M | $29.60M |
| Total Long-Term Assets | $8.000M | $7.800M | $8.000M |
| Total Assets | $47.50M | $37.70M | $37.60M |
| YoY Change | 10.35% | -26.59% | -35.57% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $5.600M | $2.800M | $3.100M |
| YoY Change | 40.06% | -7.25% | -24.7% |
| Accrued Expenses | $5.300M | $5.900M | $5.100M |
| YoY Change | -11.67% | -18.06% | -27.14% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $16.90M | $11.90M | $11.00M |
| YoY Change | 49.43% | -2.31% | -14.6% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $2.400M | $2.400M | $2.600M |
| YoY Change | -22.58% | -29.41% | -27.78% |
| Total Long-Term Liabilities | $2.400M | $2.400M | $2.600M |
| YoY Change | -22.58% | -29.41% | -27.78% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $16.90M | $11.90M | $11.00M |
| Total Long-Term Liabilities | $2.400M | $2.400M | $2.600M |
| Total Liabilities | $19.10M | $14.20M | $13.50M |
| YoY Change | 32.64% | -8.39% | -17.68% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $28.40M | $23.40M | $24.20M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $47.50M | $37.70M | $37.60M |
| YoY Change | 10.35% | -26.59% | -35.57% |
Cashflow Statement
| Concept | 2020 Q4 | 2020 Q3 | 2020 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $1.260M | -$960.0K | -$1.120M |
| YoY Change | -117.28% | -85.51% | -73.71% |
| Depreciation, Depletion And Amortization | $180.0K | $130.0K | $170.0K |
| YoY Change | -5.26% | -18.75% | -5.56% |
| Cash From Operating Activities | $1.860M | $480.0K | -$2.890M |
| YoY Change | -144.18% | -108.82% | -18.13% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$250.0K | -$80.00K | -$50.00K |
| YoY Change | 316.67% | -900.0% | 0.0% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $1.170M | $1.610M | $3.210M |
| YoY Change | -25.0% | -25.46% | -307.1% |
| Cash From Investing Activities | $920.0K | $1.520M | $3.160M |
| YoY Change | -39.07% | -29.63% | -298.74% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 3.690M | -170.0K | 170.0K |
| YoY Change | -9325.0% | 88.89% | -75.0% |
| NET CHANGE | |||
| Cash From Operating Activities | 1.860M | 480.0K | -2.890M |
| Cash From Investing Activities | 920.0K | 1.520M | 3.160M |
| Cash From Financing Activities | 3.690M | -170.0K | 170.0K |
| Net Change In Cash | 6.470M | 1.830M | 440.0K |
| YoY Change | -336.13% | -154.3% | -109.91% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $1.860M | $480.0K | -$2.890M |
| Capital Expenditures | -$250.0K | -$80.00K | -$50.00K |
| Free Cash Flow | $2.110M | $560.0K | -$2.840M |
| YoY Change | -150.84% | -110.28% | -18.39% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2018 | us-gaap |
Other Income Tax Expense Benefit Continuing Operations
OtherIncomeTaxExpenseBenefitContinuingOperations
|
USD | |
| CY2020Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
175000 | USD |
| CY2020Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2020Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2020 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
USD | |
| CY2020 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
USD | |
| CY2019 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
USD | |
| CY2018 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
USD | |
| CY2019 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
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| CY2020 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
USD | |
| CY2020 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
USD | |
| CY2020 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
USD | |
| CY2019 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
USD | |
| CY2020 | us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
USD | |
| CY2020 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
USD | |
| CY2019 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
USD | |
| CY2020 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
USD | |
| CY2019 | us-gaap |
Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
|
USD | |
| CY2018 | us-gaap |
Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
|
USD | |
| CY2020 | KOPN |
Sale Of Registered Stock
SaleOfRegisteredStock
|
USD | |
| CY2018 | KOPN |
Sale Of Registered Stock
SaleOfRegisteredStock
|
USD | |
| CY2020 | KOPN |
Distribution To Noncontrolling Interest Holder
DistributionToNoncontrollingInterestHolder
|
USD | |
| CY2019 | KOPN |
Distribution To Noncontrolling Interest Holder
DistributionToNoncontrollingInterestHolder
|
USD | |
| CY2020 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2019 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2019 | us-gaap |
Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
|
USD | |
| CY2018 | us-gaap |
Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
|
USD | |
| CY2020Q4 | us-gaap |
Goodwill
Goodwill
|
0 | USD |
| CY2019Q4 | us-gaap |
Goodwill
Goodwill
|
0 | USD |
| CY2020 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P4Y | |
| CY2020 | KOPN |
Effective Income Tax Rate Reconcilation Nondeductible Expenses162 Mcompensationlimitation
EffectiveIncomeTaxRateReconcilationNondeductibleExpenses162Mcompensationlimitation
|
USD | |
| CY2019 | KOPN |
Effective Income Tax Rate Reconcilation Nondeductible Expenses162 Mcompensationlimitation
EffectiveIncomeTaxRateReconcilationNondeductibleExpenses162Mcompensationlimitation
|
USD | |
| CY2020Q4 | KOPN |
Deferred Tax Asset Valuation Allowance
DeferredTaxAssetValuationAllowance
|
-66980000 | USD |
| CY2019Q4 | KOPN |
Deferred Tax Asset Valuation Allowance
DeferredTaxAssetValuationAllowance
|
-65566000 | USD |
| CY2020 | us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
USD | |
| CY2020Q1 | us-gaap |
Gross Profit
GrossProfit
|
271000 | USD |
| CY2020Q2 | us-gaap |
Gross Profit
GrossProfit
|
1891000 | USD |
| CY2020Q3 | us-gaap |
Gross Profit
GrossProfit
|
1662000 | USD |
| CY2020Q4 | us-gaap |
Gross Profit
GrossProfit
|
3295000 | USD |
| CY2020Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.04 | |
| CY2020Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
| CY2020Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
| CY2020Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | |
| CY2020Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.04 | |
| CY2020Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
| CY2020Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
| CY2020Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
| CY2019Q2 | us-gaap |
Revenues
Revenues
|
9110000 | USD |
| CY2019Q1 | us-gaap |
Gross Profit
GrossProfit
|
-1263000 | USD |
| CY2019Q2 | us-gaap |
Gross Profit
GrossProfit
|
-808000 | USD |
| CY2019Q3 | us-gaap |
Gross Profit
GrossProfit
|
265000 | USD |
| CY2019Q4 | us-gaap |
Gross Profit
GrossProfit
|
1188000 | USD |
| CY2019Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-4838000 | USD |
| CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4260000 | USD |
| CY2019Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.15 | |
| CY2019Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.05 | |
| CY2019Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.08 | |
| CY2019 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
USD | |
| CY2020 | us-gaap |
Current State And Local Tax Expense Benefit
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|
USD | |
| CY2020 | KOPN |
Deferred Income Tax Expenses Benefit
DeferredIncomeTaxExpensesBenefit
|
USD | |
| CY2019 | KOPN |
Deferred Income Tax Expenses Benefit
DeferredIncomeTaxExpensesBenefit
|
USD | |
| CY2018 | KOPN |
Deferred Income Tax Expenses Benefit
DeferredIncomeTaxExpensesBenefit
|
USD | |
| CY2019 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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|
USD | |
| CY2020 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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|
USD | |
| CY2020 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
USD | |
| CY2020 | us-gaap |
Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
|
USD | |
| CY2019 | us-gaap |
Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
|
USD | |
| CY2019Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.09 | |
| CY2019Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
81950 | shares |
| CY2020 | KOPN |
Income Tax Reconciliation Outside Basis In Subsidiary
IncomeTaxReconciliationOutsideBasisInSubsidiary
|
USD | |
| CY2019 | KOPN |
Income Tax Reconciliation Outside Basis In Subsidiary
IncomeTaxReconciliationOutsideBasisInSubsidiary
|
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