2024 Q2 Form 10-Q Financial Statement

#000149315224019194 Filed on May 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q2
Revenue $234.3K $207.3K $473.5K
YoY Change -50.51% -96.02%
Cost Of Revenue $8.685M $8.542M $6.624M
YoY Change 31.12% -16.22%
Gross Profit $3.651M $1.491M $4.134M
YoY Change -11.68% 3.28%
Gross Profit Margin 1558.14% 719.25% 873.09%
Selling, General & Admin $7.268M $7.232M $4.648M
YoY Change 56.36% 7.41%
% of Gross Profit 199.06% 485.01% 112.43%
Research & Development $1.840M $2.101M $2.312M
YoY Change -20.44% -55.06%
% of Gross Profit 50.39% 140.89% 55.93%
Depreciation & Amortization $136.8K $195.4K $224.6K
YoY Change -39.1% -16.1%
% of Gross Profit 3.75% 13.1% 5.43%
Operating Expenses $17.79M $42.67M $13.58M
YoY Change 30.98% -21.83%
Operating Profit -$5.456M -$32.64M -$2.826M
YoY Change 93.06% -48.33%
Interest Expense -$484.4K $93.38K $199.7K
YoY Change -342.62% -245.17%
% of Operating Profit
Other Income/Expense, Net -$465.6K $93.34K $236.7K
YoY Change -296.69% -267.72%
Pretax Income -$5.922M -$32.55M -$2.590M
YoY Change 128.69% -53.85%
Income Tax $39.00K
% Of Pretax Income
Net Earnings -$5.922M -$32.50M -$2.629M
YoY Change 125.29% -53.45%
Net Earnings / Revenue -2527.28% -15677.01% -555.13%
Basic Earnings Per Share -$0.05 -$0.27 -$0.03
Diluted Earnings Per Share -$0.05 -$0.27 -$0.03
COMMON SHARES
Basic Shares Outstanding 118.4M shares 118.4M shares 105.0M shares
Diluted Shares Outstanding 121.4M shares 120.1M shares 105.0M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.63M $21.06M $29.61M
YoY Change -40.46% 59.55%
Cash & Equivalents $10.04M $14.12M $8.583M
Short-Term Investments $7.587M $6.941M $21.03M
Other Short-Term Assets $3.111M $2.320M $1.712M
YoY Change 81.74% -24.3%
Inventory $5.650M $6.120M $6.818M
Prepaid Expenses
Receivables $7.406M $6.802M $5.613M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $40.32M $41.99M $46.80M
YoY Change -13.84% 16.8%
LONG-TERM ASSETS
Property, Plant & Equipment $2.143M $2.213M $1.826M
YoY Change 17.37% 5.01%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.982M $4.612M $7.728M
YoY Change -48.47% -21.4%
Other Assets $124.9K $124.9K $169.1K
YoY Change -26.14% -1.05%
Total Long-Term Assets $8.728M $9.277M $12.73M
YoY Change -31.43% -17.92%
TOTAL ASSETS
Total Short-Term Assets $40.32M $41.99M $46.80M
Total Long-Term Assets $8.728M $9.277M $12.73M
Total Assets $49.05M $51.27M $59.52M
YoY Change -17.6% 7.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.714M $8.994M $3.836M
YoY Change 48.93% -21.07%
Accrued Expenses $13.42M $6.055M $5.854M
YoY Change 129.22% 1.73%
Deferred Revenue $198.3K $886.4K $718.5K
YoY Change -72.4% -76.42%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $45.35M $42.51M $11.75M
YoY Change 285.86% -21.34%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.494M $1.494M $1.361M
YoY Change 9.76% -32.48%
Total Long-Term Liabilities $1.494M $1.494M $1.361M
YoY Change 9.76% -32.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.35M $42.51M $11.75M
Total Long-Term Liabilities $1.494M $1.494M $1.361M
Total Liabilities $49.26M $46.33M $16.63M
YoY Change 196.29% -17.61%
SHAREHOLDERS EQUITY
Retained Earnings -$396.6M -$390.7M -$341.0M
YoY Change 16.3% 4.58%
Common Stock $1.156M $1.154M $1.100M
YoY Change 5.16% 19.79%
Preferred Stock
YoY Change
Treasury Stock (at cost) $103.1K $103.1K $103.1K
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity -$216.3K $4.940M $42.90M
YoY Change
Total Liabilities & Shareholders Equity $49.05M $51.27M $59.52M
YoY Change -17.6% 7.11%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q2
OPERATING ACTIVITIES
Net Income -$5.922M -$32.50M -$2.629M
YoY Change 125.29% -53.45%
Depreciation, Depletion And Amortization $136.8K $195.4K $224.6K
YoY Change -39.1% -16.1%
Cash From Operating Activities -$3.077M -$3.100M -$4.175M
YoY Change -26.29% -54.4%
INVESTING ACTIVITIES
Capital Expenditures $65.17K $245.4K $216.6K
YoY Change -69.91% -368.86%
Acquisitions
YoY Change
Other Investing Activities -$639.0K -$1.000K
YoY Change 63800.0% -99.9%
Cash From Investing Activities -$704.2K $4.525M -$16.84M
YoY Change -95.82% 1464.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.300M $21.34M
YoY Change -65.89%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 $7.243M $21.34M
YoY Change -100.0% 952.49%
NET CHANGE
Cash From Operating Activities -3.077M -$3.100M -$4.175M
Cash From Investing Activities -704.2K $4.525M -$16.84M
Cash From Financing Activities 0.000 $7.243M $21.34M
Net Change In Cash -3.781M $8.658M $324.3K
YoY Change -1266.05% -103.95%
FREE CASH FLOW
Cash From Operating Activities -$3.077M -$3.100M -$4.175M
Capital Expenditures $65.17K $245.4K $216.6K
Free Cash Flow -$3.142M -$3.345M -$4.391M
YoY Change -28.44% -51.61%

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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
42897477 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
42897477 usd
CY2024Q1 us-gaap Profit Loss
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CY2023Q2 us-gaap Profit Loss
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CY2024Q1 us-gaap Depreciation And Amortization
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CY2023Q2 us-gaap Depreciation And Amortization
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CY2024Q1 us-gaap Share Based Compensation
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CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2023Q2 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
39105 usd
CY2024Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-66132 usd
CY2023Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
118697 usd
CY2023Q2 KOPN Increase Decrease In Provision For Credit Losses
IncreaseDecreaseInProvisionForCreditLosses
495000 usd
CY2024Q1 KOPN Noncash Provision For Excess Inventory
NoncashProvisionForExcessInventory
771580 usd
CY2023Q2 KOPN Noncash Provision For Excess Inventory
NoncashProvisionForExcessInventory
292405 usd
CY2024Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-184 usd
CY2023Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
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CY2023Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2024Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
2177260 usd
CY2023Q2 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-934759 usd
CY2024Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-694949 usd
CY2023Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
665589 usd
CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
366540 usd
CY2023Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
525705 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1682980 usd
CY2023Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1983304 usd
CY2024Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-43746 usd
CY2023Q2 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-211815 usd
CY2024Q1 KOPN Increase Decrease In Accrued Litigation Damages
IncreaseDecreaseInAccruedLitigationDamages
24800000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3106950 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4174551 usd
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
245429 usd
CY2023Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
216618 usd
CY2024Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
230012 usd
CY2023Q2 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
17624779 usd
CY2024Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
5000060 usd
CY2023Q2 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
1000000 usd
CY2023Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
4524619 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16840397 usd
CY2024Q1 KOPN Issuance Of Common Stock Net Of Costs
IssuanceOfCommonStockNetOfCosts
7242581 usd
CY2023Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
21335000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7242581 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
21335000 usd
CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-2173 usd
CY2023Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4216 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8658077 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
324268 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6210685 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8258878 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14868762 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8583146 usd
CY2024Q1 us-gaap Basis Of Accounting
BasisOfAccounting
<p id="xdx_804_eus-gaap--BasisOfAccounting_zZyrilYNoDE3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. <span id="xdx_829_zPbUyCvDd5xf">BASIS OF PRESENTATION</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 22.5pt; text-align: justify; text-indent: -22.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The condensed consolidated financial statements of Kopin Corporation as of March 30, 2024 and for the three month periods ended March 30, 2024 and April 1, 2023 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 December 30, 2023. 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. 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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 22.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The condensed consolidated financial statements for the three month periods ended March 30, 2024 and April 1, 2023 include the accounts of Kopin Corporation and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Going Concern</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; 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 incurred a net loss of $<span id="xdx_905_eus-gaap--NetIncomeLoss_iN_pn5n6_di_c20230101__20231230_zlIXs1d1Q6Tj" title="Net losses">19.6</span> million and net cash outflows from operations of $<span id="xdx_902_eus-gaap--NetCashProvidedByUsedInOperatingActivities_iN_pn5n6_di_c20230101__20231230_zuv1Ir86J0Zf" title="Net cash outflows from operations">15.3</span> million for the fiscal year ended 2023. The Company incurred a net loss of $<span id="xdx_905_eus-gaap--NetIncomeLoss_iN_pn5n6_di_c20231231__20240330_zw6UGAtUt9Lk" title="Net losses">32.5</span> million for the three months ended March 30, 2024 and net cash outflows from operations of $<span id="xdx_90C_eus-gaap--NetCashProvidedByUsedInOperatingActivities_iN_pn5n6_di_c20231231__20240330_zihgtQomy9M5" title="Net cash outflows from operations">3.1</span> million. This net loss of $<span id="xdx_905_eus-gaap--NetIncomeLoss_iN_pn5n6_di_c20231231__20240330_zEGjaxFULlH9" title="Net losses">32.5</span> million includes an estimated $<span id="xdx_901_ecustom--EstimatedPossibleDamagesAmount_pn5n6_c20231231__20240330_zoxMjLG2vgJa" title="Estimated possible damages amount">24.8</span> million of possible damages related to a jury verdict which is explained below. 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. As described in Note 14 Litigation, on April 22, 2024, a jury verdict was entered against the Company awarding approximately $<span id="xdx_90D_eus-gaap--LitigationSettlementLoss_pn5n6_c20240422__20240422_zLB7tLN3y0F5" title="Damages settlement">5.1</span> million in damages as well as recommending $<span id="xdx_908_eus-gaap--PaymentsForLegalSettlements_pn5n6_c20240422__20240422_zdLeCcxClsbc" title="Exemplary damages">19.7</span> million in disgorgement and exemplary damages. While no final judgment has been issued by the Court, the Court will take that recommendation under advisement and will rule in its final judgment on the final amount after briefing on the issues. The Company plans to argue that the damages, disgorgement and exemplary damages should be reduced or eliminated. The Company is also considering the appeal of any award in a final judgment. The Company had $<span id="xdx_904_eus-gaap--CashCashEquivalentsAndShortTermInvestments_iI_pn5n6_c20240330_zFmCyCNh50H3" title="Cash and cash equivalents, restricted cash, and marketable debt securities">21.8</span> million of cash and cash equivalents, restricted cash, and marketable debt securities at March 30, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 24pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has historical and current negative cash flow from operations and limited liquidity resources. The Company’s current strategy is to continue to invest in its business and raise additional capital through financing activities that may include public offerings and private placements of its common stock, preferred stock offerings, collaborations and licensing arrangements and issuances of debt and convertible debt instruments. Until such time that additional capital can be raised, the Company plans to strategically manage its uncommitted spend, execute its priorities and implement cost saving measures to reduce research and development and general and administrative expenditures which could include minimizing staff costs. The Company may also sell assets and look at other strategic alternatives. There are inherent uncertainties associated with fundraising activities and activities to manage our uncommitted spending and the successful execution of these activities may not be within the Company’s control. There are no assurances that such additional funding will be obtained and that the Company will succeed in its future operations. If the Company is unable to achieve positive cash flows and profitability in the foreseeable future, cannot successfully raise additional capital and implement its strategic plan, or the recommended disgorgement and exemplary damages are not significantly reduced or eliminated in the final order the Company’s liquidity, financial condition and business prospects will be materially and adversely affected. There is substantial doubt about the Company’s ability to continue as a going concern.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p>
CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3100000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-32500000 usd
CY2024Q1 KOPN Estimated Possible Damages Amount
EstimatedPossibleDamagesAmount
24800000 usd
CY2024Q2 us-gaap Litigation Settlement Loss
LitigationSettlementLoss
5100000 usd
CY2024Q2 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
19700000 usd
CY2024Q1 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
21800000 usd
CY2024Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
800000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
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CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
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CY2024Q1 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
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CY2023Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
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CY2024Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
7691080 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
12192000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
6724227 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
966853 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
7691080 usd
CY2024Q1 us-gaap Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
21225999 usd
CY2023Q4 us-gaap Financial Instruments Owned At Fair Value
FinancialInstrumentsOwnedAtFairValue
21960127 usd
CY2024Q1 us-gaap Investments
Investments
5200000 usd
CY2023Q3 us-gaap Payments For Royalties
PaymentsForRoyalties
400000 usd
CY2023Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
3100000 usd
CY2023Q3 us-gaap Increase Decrease In Receivable For Investment Sold
IncreaseDecreaseInReceivableForInvestmentSold
2500000 usd
CY2024Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
7788658 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
10731036 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
987000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1025000 usd
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
6801658 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
9706036 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1025000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
38000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
987000 usd
CY2024Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
3968980 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
4785197 usd
CY2024Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
1579838 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2018421 usd
CY2024Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
571537 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
798188 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
6120355 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
7601806 usd
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3076520 shares
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1530945 shares
CY2024Q1 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
3080000 shares
CY2024Q1 KOPN Gross Proceeds From Registered Sale Equity Securities
GrossProceedsFromRegisteredSaleEquitySecurities
7466755 usd
CY2024Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
2.42
CY2023Q1 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
17000000 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
200294 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1931767 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
1.65
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1164817 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.68
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
20064 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
1.91
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3076520 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
2.04
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
734928 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
194190 usd
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
734928 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
194190 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
6300000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
886432 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
916826 usd
CY2024Q1 us-gaap Extended Product Warranty Description
ExtendedProductWarrantyDescription
The Company typically warrants its products against defect for 12 to 18 months, however, for certain products a customer may purchase an extended warranty.
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
2160000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
177600 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
177600 usd
CY2024Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0.0 usd
CY2023Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
100000 usd
CY2024Q1 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
122700000 usd
CY2024Q1 KOPN Operating Loss Carryforwards Expiring Date
OperatingLossCarryforwardsExpiringDate
expiring 2024 through 2038
CY2024Q1 KOPN Operating Loss Carryforwards Unlimited
OperatingLossCarryforwardsUnlimited
116200000 usd
CY2024Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
5687165 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
3409809 usd
CY2024Q1 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueModificationOfContract
2277356 usd
CY2024Q1 KOPN Percentage Of Change In Contract Assets Current
PercentageOfChangeInContractAssetsCurrent
0.67 pure
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
886432 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
916826 usd
CY2024Q1 KOPN Contract With Customer Liability And Billings In Revenue Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerLiabilityAndBillingsInRevenueCumulativeCatchUpAdjustmentToRevenueModificationOfContract
30394 usd
CY2024Q1 KOPN Percentage Contract Liabilities And Billings In Excess Of Revenue Earned
PercentageContractLiabilitiesAndBillingsInExcessOfRevenueEarned
-0.03 pure
CY2024Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
10080 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
23198 usd
CY2024Q1 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueModificationOfContract
13118 usd
CY2024Q1 KOPN Percentage Of Change In Contract Liabilitiesnoncurrent
PercentageOfChangeInContractLiabilitiesnoncurrent
-0.57 pure
CY2024Q1 KOPN Net Contract Assets Liabilities
NetContractAssetsLiabilities
4790653 usd
CY2023Q4 KOPN Net Contract Assets Liabilities
NetContractAssetsLiabilities
2469785 usd
CY2024Q1 KOPN Contract With Customer Assets Liability Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerAssetsLiabilityCumulativeCatchUpAdjustmentToRevenueModificationOfContract
2320868 usd
CY2024Q1 KOPN Percentage Of Change In Net Contract Assets Liabilities
PercentageOfChangeInNetContractAssetsLiabilities
0.94 pure
CY2024Q1 KOPN Net Contract Assets
NetContractAssets
2300000 usd
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
300000 usd
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
500000 usd
CY2024Q1 KOPN Contract With Customer Liability And Billings In Revenue Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerLiabilityAndBillingsInRevenueCumulativeCatchUpAdjustmentToRevenueModificationOfContract
30394 usd
CY2024Q1 KOPN Percentage Contract Liabilities And Billings In Excess Of Revenue Earned
PercentageContractLiabilitiesAndBillingsInExcessOfRevenueEarned
-0.03 pure
CY2024Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
10080 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
23198 usd
CY2024Q1 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueModificationOfContract
13118 usd
CY2024Q1 KOPN Percentage Of Change In Contract Liabilitiesnoncurrent
PercentageOfChangeInContractLiabilitiesnoncurrent
-0.57 pure
CY2024Q1 KOPN Net Contract Assets Liabilities
NetContractAssetsLiabilities
4790653 usd
CY2023Q4 KOPN Net Contract Assets Liabilities
NetContractAssetsLiabilities
2469785 usd
CY2024Q1 KOPN Percentage Of Change In Net Contract Assets Liabilities
PercentageOfChangeInNetContractAssetsLiabilities
0.94 pure
CY2024Q1 KOPN Net Contract Assets
NetContractAssets
2300000 usd
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
300000 usd
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
500000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
31100000 usd
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
227802 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
214563 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
579834 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
639078 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
604000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
604000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
201333 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2628245 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
320163 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2308082 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
31100000 usd
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
227802 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
214563 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
579834 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
639078 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
604000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
604000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
201333 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2628245 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
320163 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2308082 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
628019 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1680063 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2308082 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
628019 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1680063 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2308082 usd
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
216272 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0626 pure
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M9D
CY2024Q1 us-gaap Noncurrent Assets
NoncurrentAssets
4541000 usd
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
4668000 usd
CY2024Q1 us-gaap Noncurrent Assets
NoncurrentAssets
4541000 usd
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
4668000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10033000 usd
CY2024Q1 KOPN Percentage Of Total Revenue
PercentageOfTotalRevenue
1 pure
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10758000 usd
CY2023Q2 KOPN Percentage Of Total Revenue
PercentageOfTotalRevenue
1 pure
CY2024Q1 us-gaap Revenues
Revenues
207310 usd
CY2024Q1 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
89350 usd
CY2023Q2 us-gaap Revenues
Revenues
624216 usd
CY2024Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
110038 usd
CY2024Q1 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
93050 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
593581 usd
CY2023Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
29600 usd
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
216272 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0626 pure
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M9D
CY2024Q1 us-gaap Noncurrent Assets
NoncurrentAssets
4541000 usd
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
4668000 usd
CY2024Q1 us-gaap Noncurrent Assets
NoncurrentAssets
4541000 usd
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
4668000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10033000 usd
CY2024Q1 KOPN Percentage Of Total Revenue
PercentageOfTotalRevenue
1 pure
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10758000 usd
CY2023Q2 KOPN Percentage Of Total Revenue
PercentageOfTotalRevenue
1 pure
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10033000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10758000 usd
CY2024Q2 us-gaap Loss Contingency Damages Sought
LossContingencyDamagesSought
On Monday, April 22, 2024, after a four week trial, a jury verdict was entered finding for BlueRadios and awarding approximately $5.1 million in damages as well as recommending $19.7 million in disgorgement and exemplary damages. While no final judgment has been issued by the Court, the Court will take that recommendation under advisement and will rule in its final judgment on the final amount after briefing on the issues.
CY2024Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
5100000 usd
CY2024Q1 KOPN Loss Contingency Disgorgement And Exemplary Damages
LossContingencyDisgorgementAndExemplaryDamages
19700000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10033000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10758000 usd
CY2024Q2 us-gaap Loss Contingency Damages Sought
LossContingencyDamagesSought
On Monday, April 22, 2024, after a four week trial, a jury verdict was entered finding for BlueRadios and awarding approximately $5.1 million in damages as well as recommending $19.7 million in disgorgement and exemplary damages. While no final judgment has been issued by the Court, the Court will take that recommendation under advisement and will rule in its final judgment on the final amount after briefing on the issues.
CY2024Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
5100000 usd
CY2024Q1 KOPN Loss Contingency Disgorgement And Exemplary Damages
LossContingencyDisgorgementAndExemplaryDamages
19700000 usd
CY2024Q1 us-gaap Revenues
Revenues
207310 usd
CY2024Q1 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
89350 usd
CY2023Q2 us-gaap Revenues
Revenues
624216 usd
CY2024Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
110038 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
593581 usd
CY2023Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
29600 usd

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