Kopin (KOPN) 10-Q 4 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 26, 2016	Apr. 29, 2016
Document Documentand Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 26, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	KOPN
Entity Registrant Name	KOPIN CORP
Entity Central Index Key	771,266
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		66,673,276

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 26, 2016	Dec. 26, 2015
Current assets:
Cash and equivalents	$ 27,635,331	$ 19,767,889
Marketable debt securities, at fair value	63,248,313	60,942,891
Accounts receivable, net of allowance of $158,000 and $153,000 in 2016 and 2015, respectively	1,661,113	1,487,633
Unbilled receivables	19,116	87,340
Inventory	2,705,857	2,512,473
Prepaid taxes	145,524	437,586
Prepaid expenses and other current assets	695,419	920,410
Note receivable	0	15,000,000
Total current assets	96,110,673	101,156,222
Property, plant and equipment, net	2,712,658	2,677,103
Goodwill	928,066	946,082
Other assets	711,317	461,416
Real Estate Held-for-sale	860,750	819,263
Total assets	101,323,464	106,060,086
Current liabilities:
Accounts payable	4,439,780	3,959,704
Accrued payroll and expenses	1,466,094	1,631,292
Accrued warranty	516,000	518,000
Billings in excess of revenue earned	1,329,986	1,407,566
Other accrued liabilities	2,651,836	2,553,282
Deferred tax liabilities	1,330,000	1,207,000
Deferred tax liabilities	11,733,696	11,276,844
Asset retirement obligations	$ 282,760	$ 298,463
Commitments and contingencies
Stockholders' equity:
Preferred stock, par value $.01 per share: authorized, 3,000 shares; none issued	$ 0	$ 0
Common stock, par value $.01 per share: authorized, 120,000,000 shares; issued 78,775,534 shares in 2016 and 78,271,659 shares in 2015; outstanding 63,979,260 shares in 2016 and 63,977,385 shares in 2015	760,815	760,796
Additional paid-in capital	327,141,664	326,558,527
Treasury stock (12,102,258 shares in 2016 and 2015, respectively, at cost)	(42,741,551)	(42,741,551)
Accumulated other comprehensive income	1,797,607	771,774
Accumulated deficit	(197,526,132)	(190,608,671)
Total Kopin Corporation stockholders’ equity	89,432,403	94,740,875
Noncontrolling interest	(125,395)	(256,096)
Total stockholders’ equity	89,307,008	94,484,779
Total liabilities and stockholders’ equity	$ 101,323,464	$ 106,060,086

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Mar. 26, 2016	Dec. 26, 2015
Statement of Financial Position [Abstract]
Accounts receivable, allowance	$ 0	$ 153,000
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, authorized	3,000	3,000
Preferred stock, issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized	120,000,000	120,000,000
Common stock, issued	78,775,534	78,271,659
Common stock, outstanding	63,979,260	63,977,385
Treasury stock, shares	12,102,258	12,102,258

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)	3 Months Ended
	Mar. 26, 2016	Mar. 28, 2015
Revenues:
Net component revenues	$ 5,978,134	$ 7,128,369
Research and development revenues	141,004	1,456,622
Total revenues	6,119,138	8,584,991
Expenses:
Cost of component revenues	4,647,041	5,283,733
Research and development	4,039,951	4,860,192
Selling, general and administration	3,760,849	4,386,215
Total expenses	12,447,841	14,530,140
Loss from operations	(6,328,703)	(5,945,149)
Other income and expense:
Interest income	164,948	209,664
Other income, net	37,907	19,510
Foreign currency transaction losses	(551,940)	(179,589)
Gain on sale of investments	0	2,142,421
Total other income and expense	(349,085)	2,192,006
Loss before provision for income taxes, equity loss in unconsolidated affiliate and net income attributable to noncontrolling interest	(6,677,788)	(3,753,143)
Tax provision	(141,000)	(12,500)
Loss before equity loss in unconsolidated affiliate and net income attributable to noncontrolling interest	(6,818,788)	(3,765,643)
Equity loss in unconsolidated affiliate	0	(47,443)
Net loss	(6,818,788)	(3,813,086)
Net income attributable to the noncontrolling interest	(98,673)	(24,906)
Net loss attributable to the controlling interest	$ (6,917,461)	$ (3,837,992)
Net (loss) income per share
Earnings Per Share, Basic	$ (0.11)	$ (0.06)
Earnings Per Share, Diluted	$ (0.11)	$ (0.06)
Weighted average number of common shares
Weighted average common shares outstanding, basic	63,978,048	63,083,652
Weighted average common shares outstanding, diluted	63,978,048	63,083,652

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)	3 Months Ended
	Mar. 26, 2016	Mar. 28, 2015
Statement of Comprehensive Income [Abstract]
Net loss	$ (6,818,788)	$ (3,813,086)
Foreign currency translation adjustments	736,184	14,422
Holding (loss) gain on marketable securities	317,510	824,922
Reclassifications of gains in net (loss) income	4,167	(377,561)
Other Comprehensive Income (Loss), Net of Tax	1,057,861	461,783
Comprehensive (loss) income	(5,760,927)	(3,351,303)
Comprehensive loss (income) attributable to the noncontrolling interest	66,645	57,798
Comprehensive (loss) income attributable to controlling interest	$ (5,694,282)	$ (3,293,505)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - 3 months ended Mar. 26, 2016 - USD ($)	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Accumulated Other Comprehensive Income	Accumulated Deficit	Stockholders' Equity, Total [Member]	Noncontrolling Interest
Beginning Balance (in shares) at Dec. 26, 2015		76,079,643
Beginning Balance at Dec. 26, 2015	$ 94,484,779	$ 760,796	$ 326,558,527	$ (42,741,551)	$ 771,774	$ (190,608,671)	$ 94,740,875	$ (256,096)
Stock-based compensation	584,656		584,656				584,656
Adjustments To Additional Paid In Capital Other Shares		2,500
Adjustments to Additional Paid in Capital, Other		$ 25	(25)
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	1,057,861				1,025,833		1,025,833	32,028
Shares Paid for Tax Withholding for Share Based Compensation		(625)
Settlements of restricted stock for tax withholding obligations	(1,500)	$ (6)	(1,494)				(1,500)
Net loss	(6,818,788)					(6,917,461)	(6,917,461)	98,673
Ending Balance (in shares) at Mar. 26, 2016		76,081,518
Ending Balance at Mar. 26, 2016	$ 89,307,008	$ 760,815	$ 327,141,664	$ (42,741,551)	$ 1,797,607	$ (197,526,132)	$ 89,432,403	$ (125,395)

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 26, 2016	Mar. 28, 2015
Cash flows from operating activities:
Net loss	$ (6,818,788)	$ (3,813,086)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	335,478	681,899
Accretion (amortization) of premium or discount on marketable debt securities	37,971	20,645
Stock-based compensation	56,454	997,464
Foreign currency losses	535,294	137,074
Provision for Doubtful Accounts	0	(74,500)
Deferred Income Tax Expense (Benefit)	123,000	0
Gain on sale of investments	0	(2,142,421)
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities	94,050	548,627
Changes in assets and liabilities:
Accounts receivable	(123,073)	(696,222)
Inventory	(306,431)	(140,810)
Increase (Decrease) in Prepaid Expense and Other Assets	(491,455)	(168,651)
Accounts payable and accrued expenses	98,847	(3,071,919)
Billings in excess of revenue earned	(77,580)	1,907,449
Net cash used in operating activities	(5,553,323)	(5,477,149)
Cash flows from investing activities:
Other assets	(92,276)	(8,250)
Capital expenditures	(223,520)	(314,400)
Proceeds from sale of marketable debt securities	11,229,734	3,805,945
Purchase of marketable debt securities	(13,474,384)	(2,073,061)
Proceeds from sale of investments	0	1,869,804
Proceeds from Sale of Buildings	791,623	0
Proceeds from Divestiture of Businesses	15,000,000	0
Net cash provided by investing activities	13,231,177	3,280,038
Net cash used in financing activities
Settlements of restricted stock for tax withholding obligations	(1,500)	0
Net cash used in financing activities	(1,500)	0
Effect of exchange rate changes on cash	191,088	22,246
Net increase (decrease) in cash and equivalents	7,867,442	(2,174,865)
Cash and equivalents:
Beginning of period	19,767,889	14,635,801
End of period	27,635,331	12,460,936
Supplemental disclosure of cash flow information:
Income taxes paid	0	50,000
Supplemental schedule of noncash investing activities:
Construction in progress included in accrued expenses	136,000	150,000
Non cash proceeds from exercise of warrants	$ 0	$ 1,330,000,000

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 26, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting [Text Block]	BASIS OF PRESENTATION The accompanying condensed consolidated financial statements as of March 26, 2016 include the accounts of Kopin Corporation, its wholly-owned subsidiaries, Kowon Technology Co., Ltd. (Kowon), a majority owned ( 93% ) subsidiary located in Korea, and eMDT America Inc. (eMDT), a majority owned ( 80% ) subsidiary located in the U.S.A. (collectively, the Company). In the fourth quarter of 2015, the Company increased its investment in Kopin Software Ltd. (KSL) (formerly Intoware Ltd.) from 58% to 100% . Ownership interests of Kowon, KSL and eMDT not attributable to the Company are referred to as noncontrolling interests. All intercompany transactions and balances have been eliminated. The condensed consolidated financial statements for the three months ended March 26, 2016 and March 28, 2015 are unaudited and include all adjustments which, 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 year ended December 26, 2015 . The Company ceased its production activities at its Kowon facility in 2013 and commenced offering the facility for sale. In February 2016 , the Company entered into an agreement to sell the Kowon Facility for 9.5 billion KRW (approximately $8.1 million as of March 26, 2016 ). Upon entering into the Purchase & Sale agreement, (P&S), the Company received a 10% deposit (approximately $800,000 as of March 26, 2016 ), which is included in "Other accrued liabilities" on our Condensed Consolidated Balance Sheets. The P&S allows the buyer to cancel the transaction under certain conditions. The Company believes the facility will be sold within the next 12 months and has classified the facility assets as held for sale. 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. During the three months ended March 26, 2016 , the change in the Company's accumulated other comprehensive income was net of $ 0.7 million foreign currency translation adjustments and $0.3 million unrealized holding gains on marketable securities.

CASH AND EQUIVALENTS AND MARKET

CASH AND EQUIVALENTS AND MARKETABLE SECURITIES	3 Months Ended
	Mar. 26, 2016
Cash and Equivalents and Marketable Securities Disclosure [Abstract]
CASH AND EQUIVALENTS AND MARKETABLE SECURITIES	CASH AND EQUIVALENTS AND MARKETABLE SECURITIES The Company considers all highly liquid, short-term debt instruments with original maturities of three months or less to be cash equivalents. Marketable debt securities consist primarily of certificates of deposit, medium-term corporate debt, and U.S. government and agency backed securities. The Company classifies these marketable debt securities as available-for-sale in “Marketable Debt Securities”. The Company records the amortization of premium and accretion of discount on marketable debt securities in the results of operations. The Company uses the specific identification method as a basis for determining cost and calculating realized gains and losses with respect to marketable debt securities. The gross gains and losses realized related to sales and maturities of marketable debt securities were not material during the three months ended March 26, 2016 and the year ended December 26, 2015 . Investments in available-for-sale marketable debt securities are as follows at March 26, 2016 and December 26, 2015 : 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 The contractual maturity of the Company’s marketable debt securities is as follows at March 26, 2016 : 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 The Company conducts a review of its marketable debt securities on a quarterly basis for the presence of other-than-temporary impairment (OTTI). The Company assesses whether OTTI is present when the fair value of a debt security is less than its amortized cost basis at the balance sheet date. Under these circumstances OTTI is considered to have occurred (1) if the Company intends to sell the security before recovery of its amortized cost basis; (2) if it is “more likely than not” the Company will be required to sell the security before recovery of its amortized cost basis; or (3) the present value of expected cash flows is not sufficient to recover the entire amortized cost basis. The Company further estimates the amount of OTTI resulting from a decline in the credit worthiness of the issuer (credit-related OTTI) and the amount of non credit-related OTTI. Non credit-related OTTI can be caused by such factors as market illiquidity. Credit-related OTTI is recognized in earnings while non credit-related OTTI on securities not expected to be sold is recognized in other comprehensive income (loss). The Company did not record an OTTI for the three months ended March 26, 2016 and March 28, 2015 .

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 26, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Financial instruments are categorized as Level 1, Level 2 or Level 3 based upon the method by which their fair value is computed. An investment is categorized as Level 1 when its fair value is based on unadjusted quoted prices in active markets for identical assets that the Company has the ability to access at the measurement date. An investment is categorized as Level 2 if its fair market value is based on quoted market prices for similar assets in active markets, quoted prices for identical or similar assets in markets that are not active, based on observable inputs such as interest rates, yield curves, or derived from or corroborated by observable market data by correlation or other means. An investment is categorized as Level 3 if its fair value is based on assumptions developed by the Company about what a market participant would use in pricing the assets. The following table details the fair value measurements of the Company’s financial assets: 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 $ — The corporate debt consists of floating rate notes with a maturity that is over multiple years but has interest rates which are reset every three months based on the then-current three month London Interbank Offering Rate (three month Libor). The Company validates the fair market values of the financial instruments above by using discounted cash flow models, obtaining independent pricing of the securities or through the use of a model which incorporates the three month Libor, the credit default swap rate of the issuer and the bid and ask price spread of the same or similar investments which are traded on several markets. The carrying amounts of cash and equivalents, accounts receivable, accounts payable and accrued liabilities approximate fair value because of their short-term nature. If accrued liabilities were carried at fair value, these would be classified as Level 2 in the fair value hierarchy.

INVENTORY

INVENTORY	3 Months Ended
	Mar. 26, 2016
Inventory Disclosure [Abstract]
Inventory	INVENTORY Inventory is stated at the lower of cost (determined on the first-in, first-out) or market and consists of the following at March 26, 2016 and December 26, 2015 : March 26, December 26, 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

NET (LOSS) INCOME PER SHARE

NET (LOSS) INCOME PER SHARE	3 Months Ended
	Mar. 26, 2016
Earnings Per Share [Abstract]
Net (loss) Income per share	NET LOSS PER SHARE Basic net loss per share is computed using the weighted average number of shares of common stock outstanding during the period less any non-vested restricted shares. Diluted earnings per common share, if applicable, is calculated using weighted average shares outstanding and contingently issuable shares, less weighted average shares reacquired during the period. The net outstanding shares are adjusted for the dilutive effect of shares issuable upon the assumed conversion of the Company’s common stock equivalents, which consist of outstanding stock options and non-vested restricted stock units. Weighted average common shares outstanding used to calculate basic and diluted earnings per share are as follows: Three Months Ended March 26, 2016 March 28, 2015 Weighted average common shares outstanding-basic and diluted 63,978,048 63,083,652 The following were not included in weighted average common shares outstanding-diluted because they are anti-dilutive or performance or market conditions had not been met at the end of the period: 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 For the three month period ended March 28, 2015 warrants to purchase 148,000 shares of the Company's common stock for $3.49 per share were not included in weighted average common shares outstanding-diluted. These warrants were fully exercised in 2015 .

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Mar. 26, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION The fair value of non-vested restricted common stock awards is generally the market value of the Company’s common stock on the date of grant. The non-vested restricted common stock awards require the employee to fulfill certain obligations, including remaining employed by the Company for one , two or four years (the vesting period) and in certain cases also require meeting either performance criteria or the Company’s stock achieving a certain price. For non-vested restricted common stock awards which solely require the recipient to remain employed with the Company, the stock compensation expense is amortized over the anticipated service period. For non-vested restricted common stock awards which require the achievement of performance criteria, the Company reviews the probability of achieving the performance goals on a periodic basis. If the Company determines that it is probable that the performance criteria will be achieved, the amount of compensation cost derived for the performance goal is amortized over the anticipated service period. If the performance criteria are not met, no compensation cost is recognized and any previously recognized compensation cost is reversed. The Company recognizes compensation costs on a straight-line basis over the requisite service period for time-vested awards. On February 24, 2016 , the Company granted Dr. Fan 87,500 shares of restricted stock, 50% of which will vest on December 10, 2016 and 50% will vest on December 10, 2017 . Non-Vested Restricted Common Stock A summary of the activity for non-vested restricted common stock awards as of March 26, 2016 and changes during the three month period then ended is presented below: Shares Weighted 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 Stock-Based Compensation The following table summarizes stock-based compensation expense within each of the categories below as it relates to non-vested restricted common stock awards for the three months ended March 26, 2016 and March 28, 2015 (no tax benefits were recognized): Three Months Ended March 26, March 28, 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 The $0.2 million benefit in selling, general and administrative expense is primarily driven by the mark to market accounting of stock based compensation arrangements classified and recorded as liabilities. Unrecognized compensation expense for non-vested restricted common stock as of March 26, 2016 totaled $4.7 million and is expected to be recognized over a weighted average period of two years.

OTHER ASSETS AND AMOUNTS DUE TO

OTHER ASSETS AND AMOUNTS DUE TO / FROM AFFILIATES	3 Months Ended
	Mar. 26, 2016
Other Assets and Related Party Transactions Disclosure [Abstract]
OTHER ASSETS AND AMOUNTS DUE TO / FROM AFFILIATES	OTHER ASSETS AND NOTE RECEIVABLE At December 26, 2015 , the Company had recorded a $15.0 million note receivable resulting from the sale of its III-V product line and its investment in KTC, which was received in January, 2016 . On February 25, 2015 , the Company acquired approximately 251,000 shares of Vuzix Corporation (Vuzix) common stock through a cashless exercise of warrants. The Company received the warrants in August 2013 as part of a restructuring of debt owed by Vuzix to the Company. Upon receipt of the warrants, the Company should have recorded the value of the warrant of approximately $352,000 in its consolidated financial statements. Subsequently, the Company should have marked to market the warrants at the end of each reporting period. Had the Company recorded the warrants in its consolidated financial statements and marked to market the warrants as of December 28, 2013 and December 27, 2014 , the Company would have recorded gains in its statement of operations of approximately $646,000 and $171,000 , respectively. In the first quarter of 2015 , the Company recorded the warrants in its consolidated financial statements and as a result recorded a gain of approximately $1.3 million with $817,000 attributed to prior periods. The value of the warrants as of August 2013 , December 28, 2013 and December 27, 2014 was determined using the Black-Scholes pricing model. The Company does not believe the unrecorded gains were material to the consolidated financial statements as the loss from operations for the fiscal years ended December 28, 2013 and December 27, 2014 were $35.9 million and $28.5 million , respectively.

ACCRUED WARRANTY

ACCRUED WARRANTY	3 Months Ended
	Mar. 26, 2016
Product Warranties Disclosures [Abstract]
ACCRUED WARRANTY	ACCRUED WARRANTY The Company typically warrants its products against defect for 12 months . A provision for estimated future costs and estimated returns for credit relating to such warranty is recorded in the period when product is shipped and revenue recognized, and is updated as additional information becomes available. The Company’s estimate of future costs to satisfy warranty obligations is based primarily on historical warranty expense experienced and a provision for potential future product failures. Changes in the accrued warranty for the three months ended March 26, 2016 are as follows: Balance, December 26, 2015 $ 518,000 Additions 267,000 Claim and reversals (269,000 ) Balance, March 26, 2016 $ 516,000

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 26, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company’s tax provision of approximately $141,000 for the three month period ended March 26, 2016 represents the net movement in estimated foreign withholding on anticipated future remitted earnings of an international subsidiary and state taxes. The Company’s tax provision of approximately $12,500 for the three month period ended March 28, 2015 represents state taxes. As of March 26, 2016 , the Company has available for tax purposes U.S. federal NOLs of approximately $89 million expiring through 2035 . The Company has recognized a full valuation allowance on its domestic and certain foreign net deferred tax assets due to the uncertainty of realization of such assets. The Company has not historically recorded, nor does it intend to record the tax benefits from stock awards until realized. Unrecorded benefits from stock awards approximate $10 million . The Company’s income tax returns have not been examined by the Internal Revenue Service and are subject to examination for all years since 2001 . State income tax returns are generally subject to examination for a period of 3 to 5 years after filing of the respective return. The state impact of any federal changes remains subject to examination by various states for a period of up to one year after formal notification to the states.

SEGMENTS AND GEOGRAPHICAL INFOR

SEGMENTS AND GEOGRAPHICAL INFORMATION	3 Months Ended
	Mar. 26, 2016
Segment Reporting [Abstract]
SEGMENTS AND GEOGRAPHICAL INFORMATION	SEGMENTS AND GEOGRAPHICAL INFORMATION The Company’s chief operating decision maker is its Chief Executive Officer. The Company has determined it has two reportable segments, FDD, the manufacturer of its reflective display products for test and simulation products, and Kopin, which is comprised of Kopin Corporation, Kowon, Kopin Software Ltd. and eMDT. The following table presents the Company’s reportable segment results (in thousands): 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 The total assets of Kopin is net of $6.1 million and $5.2 million in intercompany loans to FDD as of March 26, 2016 and March 28, 2015 , respectively. During the three month periods ended March 26, 2016 and March 28, 2015 , the Company derived its sales from the following geographies (as a percentage of net revenues): 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 %

LITIGATION

LITIGATION	3 Months Ended
	Mar. 26, 2016
Commitments and Contingencies Disclosure [Abstract]
LITIGATION	LITIGATION The Company may engage in legal proceedings arising in the ordinary course of business. Claims, suits, investigations and proceedings are inherently uncertain and it is not possible to predict the ultimate outcome of such matters and our business, financial condition, results of operations or cash flows could be affected in any particular period.

CASH AND EQUIVALENTS AND MARK19

CASH AND EQUIVALENTS AND MARKETABLE SECURITIES (Tables)	3 Months Ended
	Mar. 26, 2016
Cash and Equivalents and Marketable Securities Disclosure [Abstract]
Cash Cash Equivalents and Marketable Securities Table	Investments in available-for-sale marketable debt securities are as follows at March 26, 2016 and December 26, 2015 : 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
Marketable Debt Securities	The contractual maturity of the Company’s marketable debt securities is as follows at March 26, 2016 : 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

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 26, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements of Financial Instruments	The following table details the fair value measurements of the Company’s financial assets: 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 $ —

INVENTORY (Tables)

INVENTORY (Tables)	3 Months Ended
	Mar. 26, 2016
Inventory Disclosure [Abstract]
Inventory Stated at the Lower of Cost or Market	Inventory is stated at the lower of cost (determined on the first-in, first-out) or market and consists of the following at March 26, 2016 and December 26, 2015 : March 26, December 26, 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

NET (LOSS) INCOME PER SHARE (Ta

NET (LOSS) INCOME PER SHARE (Tables)	3 Months Ended
	Mar. 26, 2016
Earnings Per Share [Abstract]
Weighted Average Common Shares Outstanding	Weighted average common shares outstanding used to calculate basic and diluted earnings per share are as follows: Three Months Ended March 26, 2016 March 28, 2015 Weighted average common shares outstanding-basic and diluted 63,978,048 63,083,652
Weighted Average Common Shares Outstanding-Diluted	The following were not included in weighted average common shares outstanding-diluted because they are anti-dilutive or performance or market conditions had not been met at the end of the period: 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

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 26, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
NonVested Restricted Common Stock	A summary of the activity for non-vested restricted common stock awards as of March 26, 2016 and changes during the three month period then ended is presented below: Shares Weighted 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
Stock-Based Compensation Expense	The following table summarizes stock-based compensation expense within each of the categories below as it relates to non-vested restricted common stock awards for the three months ended March 26, 2016 and March 28, 2015 (no tax benefits were recognized): Three Months Ended March 26, March 28, 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

ACCRUED WARRANTY (Tables)

ACCRUED WARRANTY (Tables)	3 Months Ended
	Mar. 26, 2016
Product Warranties Disclosures [Abstract]
Accrued Warranty	Changes in the accrued warranty for the three months ended March 26, 2016 are as follows: Balance, December 26, 2015 $ 518,000 Additions 267,000 Claim and reversals (269,000 ) Balance, March 26, 2016 $ 516,000

SEGMENTS AND GEOGRAPHICAL INF25

SEGMENTS AND GEOGRAPHICAL INFORMATION (Tables)	3 Months Ended
	Mar. 26, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The following table presents the Company’s reportable segment results (in thousands): 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
Percentage of Net Revenues by Geographies	During the three month periods ended March 26, 2016 and March 28, 2015 , the Company derived its sales from the following geographies (as a percentage of net revenues): 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 %

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) ₩ in Billions	3 Months Ended
	Mar. 26, 2016USD ($)	Mar. 26, 2016KRW (₩)	Dec. 26, 2015
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Disposal Group, Including Discontinued Operation, Consideration	$ 0	₩ 9.5
Retail Land Sales Deposit Method Deposit Percent Received	10.00%
Retail Land Sales, Deposit Method, Deposit Received	$ 800,000
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	$ 1,057,861
Kowon Technology Corporation Limited
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	93.00%	93.00%
eMDT
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	80.00%	80.00%
Accumulated Translation Adjustment
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$ 700,000
Accumulated Net Unrealized Investment Gain (Loss)
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	$ 300,000
Kopin Software Ltd. | Minimum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent			58.00%
Kopin Software Ltd. | Maximum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent			100.00%

CASH AND EQUIVALENTS AND MARK27

CASH AND EQUIVALENTS AND MARKETABLE SECURITIES (Details) - USD ($)	Mar. 26, 2016	Dec. 27, 2014
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis	$ 63,261,826	$ 61,120,471
Unrealized Gains	61,467	0
Unrealized Losses	(74,980)	(177,580)
Fair Value	63,248,313	60,942,891
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Less than one year	31,730,593
One to five years	26,720,087
Greater than five years	4,797,633
Available-for-sale Securities	63,248,313
U.S. government and agency backed securities
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis	46,664,124	46,586,224
Unrealized Gains	61,467	0
Unrealized Losses	0	(121,561)
Fair Value	46,725,591	46,464,663
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Less than one year	17,594,525
One to five years	24,333,433
Greater than five years	4,797,633
Available-for-sale Securities	46,725,591
Corporate debt and certificates of deposit
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis	16,597,702	14,534,247
Unrealized Gains	0	0
Unrealized Losses	(74,980)	(56,019)
Fair Value	16,522,722	$ 14,478,228
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Less than one year	14,136,068
One to five years	2,386,654
Greater than five years	0
Available-for-sale Securities	$ 16,522,722

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($)	Mar. 26, 2016	Dec. 26, 2015
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	$ 91,273,359	$ 80,942,817
Money Markets, Cash and Equivalents
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	27,635,331	19,767,889
U.S. Government Securities
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	46,725,591	46,464,663
Corporate Debt
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	5,027,952	6,886,495
Certificates of Deposit
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	11,494,770	7,591,733
GCS
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	389,715	232,037
Level 1
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	43,572,982	36,381,078
Level 1 | Money Markets, Cash and Equivalents
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	27,635,331	19,767,889
Level 1 | U.S. Government Securities
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	15,547,936	16,381,152
Level 1 | GCS
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	389,715	232,037
Level 2
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	47,700,377	44,561,739
Level 2 | U.S. Government Securities
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	31,177,655	30,083,511
Level 2 | Corporate Debt
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	5,027,952	6,886,495
Level 2 | Certificates of Deposit
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	11,494,770	7,591,733
Level 3
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	0	0
Level 3 | Money Markets, Cash and Equivalents
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	0	0
Level 3 | U.S. Government Securities
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	0	0
Level 3 | Corporate Debt
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	0	0
Level 3 | Certificates of Deposit
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	0	0
Level 3 | GCS
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	$ 0	$ 0

INVENTORY (Details)

INVENTORY (Details) - USD ($)	Mar. 26, 2016	Dec. 26, 2015
Inventory Disclosure [Abstract]
Raw materials	$ 1,036,421	$ 844,475
Work-in-process	1,411,829	1,281,891
Finished goods	257,607	386,107
Inventory	$ 2,705,857	$ 2,512,473

NET (LOSS) INCOME PER SHARE (De

NET (LOSS) INCOME PER SHARE (Details) - $ / shares	3 Months Ended
	Mar. 26, 2016	Mar. 28, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average common shares outstanding, basic	63,978,048	63,083,652
Antidilutive securities excluded from computation of earnings per share, number of shares	2,694,016	3,472,111
Issuance Of Warrants, number of shares	148,000
Exercise Price Of Warrants, per share	$ 3.49
Unvested Restricted Stock Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, number of shares	2,694,016	3,342,111
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, number of shares	0	130,000

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Dec. 31, 2016
Class of Warrant or Right [Line Items]
Allocated Share-based Compensation Expense	$ 56,454	$ 997,464
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period	87,500
Restricted Stock
Class of Warrant or Right [Line Items]
Unrecognized compensation cost related to nonvested stock awards	$ 4,700,000
Unrecognized compensation cost related to nonvested stock awards, period of recognition (in years)	2 years
Share-based Compensation Award, Tranche One
Class of Warrant or Right [Line Items]
Nonvested common stock awards employment obligations (in years)	1 year
Share-based Compensation Award, Tranche Two
Class of Warrant or Right [Line Items]
Nonvested common stock awards employment obligations (in years)	2 years
Share-based Compensation Award, Tranche Three
Class of Warrant or Right [Line Items]
Nonvested common stock awards employment obligations (in years)	4 years
Scenario, Forecast
Class of Warrant or Right [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage			50.00%
Selling, general and administrative
Class of Warrant or Right [Line Items]
Allocated Share-based Compensation Expense	$ (202,975)	$ 563,819

STOCK-BASED COMPENSATION - Summ

STOCK-BASED COMPENSATION - Summary of Activity for Nonvested Restricted Common Stock Awards (Details) - Unvested Restricted Stock Awards	3 Months Ended
	Mar. 26, 2016$ / sharesshares
Shares
Beginning Balance | shares	2,192,016
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	504,500
Forfeited | shares	0
Vested | shares	(2,500)
Ending Balance | shares	2,694,016
Weighted Average Grant Fair Value
Beginning Balance | $ / shares	$ 3.82
Granted | $ / shares	1.84
Forfeited | $ / shares	0
Vested | $ / shares	1.84
Ending Balance | $ / shares	$ 3.45

STOCK-BASED COMPENSATION - Expe

STOCK-BASED COMPENSATION - Expense Related to Employee Stock Options and Nonvested Restricted Common Stock Awards (Details) - USD ($)	3 Months Ended
	Mar. 26, 2016	Mar. 28, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense	$ 56,454	$ 997,464
Cost of product revenues
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense	142,534	199,239
Research and development
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense	116,895	234,406
Selling, general and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense	$ (202,975)	$ 563,819

OTHER ASSETS AND AMOUNTS DUE 34

OTHER ASSETS AND AMOUNTS DUE TO / FROM AFFILIATES (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Other Assets and Related Party Transactions Disclosure [Abstract]
Class of Warrant or Right, Unissued		251,000
Warrants and Rights Outstanding		$ 352,000
Prior Period Reclassification Adjustment		1,300,000	$ 171,000	$ 646,000	$ 817,000
Net loss	$ (6,818,788)	$ (3,813,086)	$ 28,500,000	$ 35,900,000

ACCRUED WARRANTY (Details)

ACCRUED WARRANTY (Details)	3 Months Ended
	Mar. 26, 2016USD ($)
Product Warranties Disclosures [Abstract]
Product warranty term	12 months
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning Balance	$ 518,000
Additions	267,000
Claim and reversals	(269,000)
Ending Balance	$ 516,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended
	Mar. 26, 2016	Mar. 28, 2015
Income Taxes [Line Items]
State income and foreign tax expenses	$ 141,000	$ 12,500
Net operating loss carryforwards available for tax purposes	89,000,000
Unrecorded benefits from stock award	$ 10,000,000
Minimum
Income Taxes [Line Items]
State income tax returns examination period	3 years
Maximum
Income Taxes [Line Items]
State income tax returns examination period	5 years
The state impact of any federal changes, subject to examination by various states (in years)	1 year

SEGMENTS AND GEOGRAPHICAL INF37

SEGMENTS AND GEOGRAPHICAL INFORMATION (Details) - USD ($)	3 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Dec. 26, 2015	Dec. 27, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 6,119,138	$ 8,584,991
Net Income (Loss) Attributable to Parent	(6,917,461)	$ (3,837,992)
Assets	101,323,464		$ 106,060,086
Debt of Subsidiary, Not Assumed	$ 6,100,000			$ 5,200,000
Percentage of total revenue	100.00%	100.00%
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Percentage of total revenue	29.00%	74.00%
All Others
Revenues from External Customers and Long-Lived Assets [Line Items]
Percentage of total revenue	0.00%	2.00%
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Percentage of total revenue	29.00%	76.00%
Asia-Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Percentage of total revenue	51.00%	16.00%
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Percentage of total revenue	20.00%	8.00%
Segment, Continuing Operations
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 6,119	$ 9,000
Net Income (Loss) Attributable to Parent	(6,917)	(4,000)
Assets	101,323	119,207
Long-Lived Assets	2,713	4,247
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Noncurrent	861
Segment, Continuing Operations | Kopin United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	5,148	8,000
Net Income (Loss) Attributable to Parent	(6,571)	(3,000)
Assets	99,811	117,684
Long-Lived Assets	2,695	4,067
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Noncurrent	861
Segment, Continuing Operations | Forth Dimension Displays Limited
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	971	1,000
Net Income (Loss) Attributable to Parent	(346)	0
Assets	1,512	1,523
Long-Lived Assets	0	$ 180
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Noncurrent	$ 0