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Amortized Cost | Unrealized Gains | Unrealized Losses | Fair Value | ||||||||||||||||||||||||||||
2016 | 2015 | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | ||||||||||||||||||||||||
U.S. government and agency backed securities | $ | 46,664,124 | $ | 46,586,224 | $ | 61,467 | $ | — | $ | — | $ | (121,561 | ) | $ | 46,725,591 | $ | 46,464,663 | ||||||||||||||
Corporate debt and certificates of deposit | 16,597,702 | 14,534,247 | — | — | (74,980 | ) | (56,019 | ) | 16,522,722 | 14,478,228 | |||||||||||||||||||||
Total | $ | 63,261,826 | $ | 61,120,471 | $ | 61,467 | $ | — | $ | (74,980 | ) | $ | (177,580 | ) | $ | 63,248,313 | $ | 60,942,891 |
Less than One year | One to Five years | Greater than Five years | Total | ||||||||||||
U.S. government and agency backed securities | $ | 17,594,525 | $ | 24,333,433 | $ | 4,797,633 | $ | 46,725,591 | |||||||
Corporate debt and certificates of deposit | 14,136,068 | 2,386,654 | — | 16,522,722 | |||||||||||
Total | $ | 31,730,593 | $ | 26,720,087 | $ | 4,797,633 | $ | 63,248,313 |
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Fair Value Measurement March 26, 2016 Using: | |||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||
Cash and Equivalents | $ | 27,635,331 | $ | 27,635,331 | $ | — | $ | — | |||||||
U.S. Government Securities | 46,725,591 | 15,547,936 | 31,177,655 | — | |||||||||||
Corporate Debt | 5,027,952 | — | 5,027,952 | — | |||||||||||
Certificates of Deposit | 11,494,770 | — | 11,494,770 | — | |||||||||||
GCS Holdings | 389,715 | 389,715 | — | — | |||||||||||
$ | 91,273,359 | $ | 43,572,982 | $ | 47,700,377 | $ | — | ||||||||
Fair Value Measurement December 26, 2015 Using: | |||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||
Cash and Equivalents | $ | 19,767,889 | $ | 19,767,889 | $ | — | $ | — | |||||||
U.S. Government Securities | 46,464,663 | 16,381,152 | 30,083,511 | — | |||||||||||
Corporate Debt | 6,886,495 | — | 6,886,495 | — | |||||||||||
Certificates of Deposit | 7,591,733 | — | 7,591,733 | — | |||||||||||
GCS Holdings | 232,037 | 232,037 | — | — | |||||||||||
$ | 80,942,817 | $ | 36,381,078 | $ | 44,561,739 | $ | — |
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March 26, 2016 | December 26, 2015 | ||||||
Raw materials | $ | 1,036,421 | $ | 844,475 | |||
Work-in-process | 1,411,829 | 1,281,891 | |||||
Finished goods | 257,607 | 386,107 | |||||
$ | 2,705,857 | $ | 2,512,473 |
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Three Months Ended | |||||
March 26, 2016 | March 28, 2015 | ||||
Weighted average common shares outstanding-basic and diluted | 63,978,048 | 63,083,652 |
Three months ended | |||||
March 26, 2016 | March 28, 2015 | ||||
Non-vested restricted common stock | 2,694,016 | 3,342,111 | |||
Stock options | — | 130,000 | |||
Total | 2,694,016 | 3,472,111 |
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Shares | Weighted Average Grant Fair Value | |||||
Balance, December 26, 2015 | 2,192,016 | $ | 3.82 | |||
Granted | 504,500 | 1.84 | ||||
Forfeited | — | — | ||||
Vested | (2,500 | ) | 1.84 | |||
Balance, March 26, 2016 | 2,694,016 | $ | 3.45 |
Three Months Ended | |||||||
March 26, 2016 | March 28, 2015 | ||||||
Cost of component revenues | $ | 142,534 | $ | 199,239 | |||
Research and development | 116,895 | 234,406 | |||||
Selling, general and administrative | (202,975 | ) | 563,819 | ||||
Total | $ | 56,454 | $ | 997,464 |
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Balance, December 26, 2015 | $ | 518,000 | |
Additions | 267,000 | ||
Claim and reversals | (269,000 | ) | |
Balance, March 26, 2016 | $ | 516,000 |
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Three Months Ended | |||||||||||
March 26, 2016 | |||||||||||
Kopin | FDD | Total | |||||||||
Revenues | $ | 5,148 | $ | 971 | $ | 6,119 | |||||
Net loss attributable to the controlling interest | (6,571 | ) | (346 | ) | (6,917 | ) | |||||
Total Assets | 99,811 | 1,512 | 101,323 | ||||||||
Long lived assets from continuing operations | 2,695 | 18 | 2,713 | ||||||||
Property and Plant held for sale | 861 | — | 861 |
Three Months Ended | |||||||||||
March 28, 2015 | |||||||||||
Kopin | FDD | Total | |||||||||
Revenues | $ | 7,586 | $ | 999 | $ | 8,585 | |||||
Net loss attributable to the controlling interest | (3,373 | ) | (465 | ) | (3,838 | ) | |||||
Total assets | 117,684 | 1,523 | 119,207 | ||||||||
Long-lived assets from continuing operations | 4,067 | 180 | 4,247 |
Three Months Ended | |||||
March 26, 2016 | March 28, 2015 | ||||
United States | 29 | % | 74 | % | |
Others | — | % | 2 | % | |
Americas | 29 | % | 76 | % | |
Asia-Pacific | 51 | % | 16 | % | |
Europe | 20 | % | 8 | % | |
Total Revenues | 100 | % | 100 | % |
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Amortized Cost | Unrealized Gains | Unrealized Losses | Fair Value | ||||||||||||||||||||||||||||
2016 | 2015 | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | ||||||||||||||||||||||||
U.S. government and agency backed securities | $ | 46,664,124 | $ | 46,586,224 | $ | 61,467 | $ | — | $ | — | $ | (121,561 | ) | $ | 46,725,591 | $ | 46,464,663 | ||||||||||||||
Corporate debt and certificates of deposit | 16,597,702 | 14,534,247 | — | — | (74,980 | ) | (56,019 | ) | 16,522,722 | 14,478,228 | |||||||||||||||||||||
Total | $ | 63,261,826 | $ | 61,120,471 | $ | 61,467 | $ | — | $ | (74,980 | ) | $ | (177,580 | ) | $ | 63,248,313 | $ | 60,942,891 |
Less than One year | One to Five years | Greater than Five years | Total | ||||||||||||
U.S. government and agency backed securities | $ | 17,594,525 | $ | 24,333,433 | $ | 4,797,633 | $ | 46,725,591 | |||||||
Corporate debt and certificates of deposit | 14,136,068 | 2,386,654 | — | 16,522,722 | |||||||||||
Total | $ | 31,730,593 | $ | 26,720,087 | $ | 4,797,633 | $ | 63,248,313 |
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Fair Value Measurement March 26, 2016 Using: | |||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||
Cash and Equivalents | $ | 27,635,331 | $ | 27,635,331 | $ | — | $ | — | |||||||
U.S. Government Securities | 46,725,591 | 15,547,936 | 31,177,655 | — | |||||||||||
Corporate Debt | 5,027,952 | — | 5,027,952 | — | |||||||||||
Certificates of Deposit | 11,494,770 | — | 11,494,770 | — | |||||||||||
GCS Holdings | 389,715 | 389,715 | — | — | |||||||||||
$ | 91,273,359 | $ | 43,572,982 | $ | 47,700,377 | $ | — | ||||||||
Fair Value Measurement December 26, 2015 Using: | |||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||
Cash and Equivalents | $ | 19,767,889 | $ | 19,767,889 | $ | — | $ | — | |||||||
U.S. Government Securities | 46,464,663 | 16,381,152 | 30,083,511 | — | |||||||||||
Corporate Debt | 6,886,495 | — | 6,886,495 | — | |||||||||||
Certificates of Deposit | 7,591,733 | — | 7,591,733 | — | |||||||||||
GCS Holdings | 232,037 | 232,037 | — | — | |||||||||||
$ | 80,942,817 | $ | 36,381,078 | $ | 44,561,739 | $ | — |
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March 26, 2016 | December 26, 2015 | ||||||
Raw materials | $ | 1,036,421 | $ | 844,475 | |||
Work-in-process | 1,411,829 | 1,281,891 | |||||
Finished goods | 257,607 | 386,107 | |||||
$ | 2,705,857 | $ | 2,512,473 |
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Three Months Ended | |||||
March 26, 2016 | March 28, 2015 | ||||
Weighted average common shares outstanding-basic and diluted | 63,978,048 | 63,083,652 |
Three months ended | |||||
March 26, 2016 | March 28, 2015 | ||||
Non-vested restricted common stock | 2,694,016 | 3,342,111 | |||
Stock options | — | 130,000 | |||
Total | 2,694,016 | 3,472,111 |
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Shares | Weighted Average Grant Fair Value | |||||
Balance, December 26, 2015 | 2,192,016 | $ | 3.82 | |||
Granted | 504,500 | 1.84 | ||||
Forfeited | — | — | ||||
Vested | (2,500 | ) | 1.84 | |||
Balance, March 26, 2016 | 2,694,016 | $ | 3.45 |
Three Months Ended | |||||||
March 26, 2016 | March 28, 2015 | ||||||
Cost of component revenues | $ | 142,534 | $ | 199,239 | |||
Research and development | 116,895 | 234,406 | |||||
Selling, general and administrative | (202,975 | ) | 563,819 | ||||
Total | $ | 56,454 | $ | 997,464 |
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Balance, December 26, 2015 | $ | 518,000 | |
Additions | 267,000 | ||
Claim and reversals | (269,000 | ) | |
Balance, March 26, 2016 | $ | 516,000 |
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Three Months Ended | |||||||||||
March 26, 2016 | |||||||||||
Kopin | FDD | Total | |||||||||
Revenues | $ | 5,148 | $ | 971 | $ | 6,119 | |||||
Net loss attributable to the controlling interest | (6,571 | ) | (346 | ) | (6,917 | ) | |||||
Total Assets | 99,811 | 1,512 | 101,323 | ||||||||
Long lived assets from continuing operations | 2,695 | 18 | 2,713 | ||||||||
Property and Plant held for sale | 861 | — | 861 |
Three Months Ended | |||||||||||
March 28, 2015 | |||||||||||
Kopin | FDD | Total | |||||||||
Revenues | $ | 7,586 | $ | 999 | $ | 8,585 | |||||
Net loss attributable to the controlling interest | (3,373 | ) | (465 | ) | (3,838 | ) | |||||
Total assets | 117,684 | 1,523 | 119,207 | ||||||||
Long-lived assets from continuing operations | 4,067 | 180 | 4,247 |
Three Months Ended | |||||
March 26, 2016 | March 28, 2015 | ||||
United States | 29 | % | 74 | % | |
Others | — | % | 2 | % | |
Americas | 29 | % | 76 | % | |
Asia-Pacific | 51 | % | 16 | % | |
Europe | 20 | % | 8 | % | |
Total Revenues | 100 | % | 100 | % |
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