Kopin (KOPN) 10-Q 23 Mar 17 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 24, 2016	Nov. 04, 2016
Document Documentand Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 24, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
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		66,740,502

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 24, 2016	Dec. 26, 2015
Current assets:
Cash and equivalents	$ 20,998,402	$ 19,767,889
Marketable debt securities, at fair value	63,034,380	60,942,891
Accounts receivable, net of allowance of $153,000 in 2016 and 2015, respectively	1,666,306	1,487,633
Unbilled receivables	94,970	87,340
Inventory	3,197,984	2,512,473
Prepaid taxes	94,623	437,586
Prepaid expenses and other current assets	986,126	920,410
Note receivable	0	15,000,000
Total current assets	90,072,791	101,156,222
Property, plant and equipment, net	2,936,621	2,677,103
Goodwill	869,984	946,082
Other assets	618,563	461,416
Real Estate Held-for-sale	0	819,263
Total assets	94,497,959	106,060,086
Current liabilities:
Accounts payable	3,888,707	3,959,704
Accrued payroll and expenses	1,815,618	1,631,292
Accrued warranty	518,000	518,000
Billings in excess of revenue earned	1,274,826	1,407,566
Other accrued liabilities	3,152,649	2,553,282
Deferred tax liabilities	2,547,717	1,207,000
Deferred tax liabilities	13,197,517	11,276,844
Asset retirement obligations	259,404	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 78,842,759 shares in 2016 and 78,271,659 shares in 2015; outstanding 64,047,985 shares in 2016 and 63,977,385 shares in 2015	761,502	760,796
Additional paid-in capital	328,339,749	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	3,307,825	771,774
Accumulated deficit	(208,852,911)	(190,608,671)
Total Kopin Corporation stockholders’ equity	80,814,614	94,740,875
Noncontrolling interest	226,424	(256,096)
Total stockholders’ equity	81,041,038	94,484,779
Total liabilities and stockholders’ equity	$ 94,497,959	$ 106,060,086

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Sep. 24, 2016	Dec. 26, 2015
Statement of Financial Position [Abstract]
Accounts receivable, allowance	$ 153,000	$ 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	78,842,759	78,271,659
Common stock, outstanding	64,047,985	63,977,385
Treasury stock, shares	12,102,258	12,102,258

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015
Revenues:
Net product revenues	$ 5,522,584	$ 7,119,145	$ 15,597,247	$ 23,734,238
Research and development revenues	272,222	881,781	671,972	3,708,286
Total revenues	5,794,806	8,000,926	16,269,219	27,442,524
Expenses:
Cost of product revenues	4,573,581	5,357,217	13,856,469	17,000,729
Research and development	4,123,268	4,008,391	12,282,620	13,752,593
Selling, general and administration	3,980,605	4,558,609	12,023,717	14,053,050
Gain (Loss) on Disposition of Property Plant Equipment	0	0	(7,700,522)	0
Total expenses	12,677,454	13,924,217	30,462,284	44,806,372
Loss from operations	(6,882,648)	(5,923,291)	(14,193,065)	(17,363,848)
Other income and expense:
Interest income	191,472	175,803	532,185	584,364
Other (expense) income, net	(257,384)	42,137	(415,758)	87,404
Foreign currency transaction (losses) gains	(1,124,526)	623,999	(1,581,962)	973,548
Unusual or Infrequent Item, or Both, Net (Gain) Loss			(47,000)
Gain on sale of investments	0	357,202	0	7,960,022
Total other income and expense	(1,190,438)	1,199,141	(1,465,535)	9,605,338
Loss before (provision) benefit for income taxes, equity loss in unconsolidated affiliate and net (income) loss attributable to noncontrolling interest	(8,073,086)	(4,724,150)	(15,658,600)	(7,758,510)
Tax (provision) benefit	(114,000)	62,500	(2,218,000)	37,500
Loss before equity loss in unconsolidated affiliate and net loss (income) attributable to noncontrolling interest	(8,187,086)	(4,661,650)	(17,876,600)	(7,721,010)
Equity loss in unconsolidated affiliate	0	0	0	(47,443)
Net loss	(8,187,086)	(4,661,650)	(17,876,600)	(7,768,453)
Net loss (income) attributable to the noncontrolling interest	69,782	(13,690)	(367,640)	36,094
Net loss attributable to the controlling interest	$ (8,117,304)	$ (4,675,340)	$ (18,244,240)	$ (7,732,359)
Net (loss) income per share
Earnings Per Share, Basic	$ (0.13)	$ (0.07)	$ (0.29)	$ (0.12)
Earnings Per Share, Diluted	$ (0.13)	$ (0.07)	$ (0.29)	$ (0.12)
Weighted average number of common shares
Weighted average common shares outstanding, basic	64,047,852	63,068,321	64,012,490	63,072,668
Weighted average common shares outstanding, diluted	64,047,852	63,068,321	64,012,490	63,072,668

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015
Statement of Comprehensive Income [Abstract]
Net loss	$ (8,187,086)	$ (4,661,650)	$ (17,876,600)	$ (7,768,453)
Foreign currency translation adjustments	1,718,596	(886,963)	2,362,552	(1,442,185)
Holding (loss) gain on marketable securities	(73,443)	(416,768)	336,663	908,756
Reclassifications of gains in net (loss) income	(14,092)	(422,489)	(48,284)	(821,835)
Other Comprehensive Income (Loss), Net of Tax	1,631,061	(1,726,220)	2,650,931	(1,355,264)
Comprehensive (loss) income	(6,556,025)	(6,387,870)	(15,225,669)	(9,123,717)
Comprehensive loss (income) attributable to the noncontrolling interest	(19,656)	95,056	(482,520)	76,330
Comprehensive (loss) income attributable to controlling interest	$ (6,575,681)	$ (6,292,814)	$ (15,708,189)	$ (9,047,387)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - 9 months ended Sep. 24, 2016 - USD ($)	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Accumulated Other Comprehensive Income	Accumulated Deficit	Noncontrolling Interest	Stockholders' Equity, Total [Member]
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)	$ (256,096)	$ 94,740,875
Stock-based compensation	1,791,081		1,791,081					1,791,081
Adjustments To Additional Paid In Capital Other Shares		75,000
Adjustments to Additional Paid in Capital, Other		$ 750	(750)
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	2,650,931				2,536,051		114,880	2,536,051
Shares Paid for Tax Withholding for Share Based Compensation		(4,400)
Settlements of restricted stock for tax withholding obligations	(9,153)	$ (44)	(9,109)					(9,153)
Net loss	(17,876,600)					(18,244,240)	367,640	(18,244,240)
Ending Balance (in shares) at Sep. 24, 2016		76,150,243
Ending Balance at Sep. 24, 2016	$ 81,041,038	$ 761,502	$ 328,339,749	$ (42,741,551)	$ 3,307,825	$ (208,852,911)	$ 226,424	$ 80,814,614

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015
Cash flows from operating activities:
Net loss	$ (17,876,600)	$ (7,768,453)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	949,854	1,860,300
Accretion (amortization) of premium or discount on marketable debt securities	104,282	291,252
Stock-based compensation	1,479,481	2,786,494
Foreign currency losses (gains)	1,715,901	(1,012,904)
Provision for Doubtful Accounts	0	74,500
Deferred Income Tax Expense (Benefit)	1,192,128	(75,000)
Gain (Loss) on Disposition of Property Plant Equipment	(7,700,522)	0
Gain on sale of investments	0	(7,960,022)
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities	503,115	1,405,369
Changes in assets and liabilities:
Accounts receivable	(524,084)	1,398,155
Inventory	(1,231,705)	88,853
Increase (Decrease) in Prepaid Expense and Other Assets	(213,028)	(71,409)
Accounts payable and accrued expenses	1,271,171	(2,349,429)
Billings in excess of revenue earned	(132,740)	1,048,675
Net cash used in operating activities	(20,036,691)	(10,140,801)
Cash flows from investing activities:
Other assets	(7,801)	17,063
Capital expenditures	(329,414)	(993,299)
Proceeds from sale of marketable debt securities	43,836,978	18,483,666
Purchase of marketable debt securities	(45,905,075)	(14,465,311)
Proceeds from sale of investments	0	7,960,022
Proceeds from Sale of Buildings	8,106,819	0
Proceeds from Divestiture of Businesses	15,000,000	0
Net cash provided by investing activities	20,701,507	11,002,141
Net cash used in financing activities
Proceeds from Stock Options Exercised	0	86,047
Settlements of restricted stock for tax withholding obligations	(9,153)	(459,609)
Net cash used in financing activities	(9,153)	(373,562)
Effect of exchange rate changes on cash	574,850	(146,096)
Net increase in cash and equivalents	1,230,513	341,682
Cash and equivalents:
Beginning of period	19,767,889	14,635,801
End of period	20,998,402
Supplemental disclosure of cash flow information:
Income taxes paid	366,000	57,000
Supplemental schedule of noncash investing activities:
Construction in progress included in accrued expenses	0	0
Non cash proceeds from exercise of warrants	$ 0	$ 1,330,000,000

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 24, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting [Text Block]	BASIS OF PRESENTATION The condensed consolidated financial statements of Kopin Corporation (the Company) as of September 24, 2016 and for the three and nine months ended September 24, 2016 and September 26, 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 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. In June 2016 , the Company’s subsidiary Kowon sold its plant and the land on which the plant resided for 9.5 billion KRW (approximately $8.1 million on the closing date). Kowon had ceased its production activities at the facility in 2013 . The plant and land had a cost basis of approximately $0.4 million . Accordingly, the Company recorded a gain on the sale of the plant and land of $7.7 million . Recently Issued Accounting Pronouncements Revenue from Contracts with Customers In May 2014 , the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606) . This new standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. In addition, ASU 2014-09 provides guidance on accounting for certain revenue-related costs including, but not limited to, when to capitalize costs associated with obtaining and fulfilling a contract. The standard also requires certain new disclosures. The standard was effective for annual and interim reporting periods beginning after December 15, 2016. In August 2015 , the FASB issued ASU 2015-14, Revenue from Contracts with Customers . The amendments in this ASU defer the effective date of ASU 2014-09. Public companies should apply the guidance in ASU 2014-09 to annual reporting periods beginning after December 15, 2017 , including interim periods within that reporting period. Early adoption is permitted only as of annual reporting periods beginning after December 15, 2016 , including interim reporting periods within that reporting period. The Company is currently evaluating the expected impact of this new guidance on its consolidated financial statements and available adoption methods. Leases In February 2016 , the FASB issued ASU No. 2016-02, Leases (Topic 842) . This new standard requires lessees to recognize a lease liability and a right-of-use asset on the balance sheet and aligns many of the underlying principles of the new lessor model with those in Topic 606, Revenue from Contracts with Customers . Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach.The new standard is effective for fiscal years beginning after December 15, 2018 , including interim periods within those fiscal years. Early application is permitted for all public business entities and all nonpublic business entities. The Company is currently evaluating the expected impact of this new guidance on its consolidated financial statements and available adoption methods. Compensation-Stock Compensation In March 2016 , the FASB issued ASU No. 2016-09 , Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. This guidance is intended to simplify the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. The amendments in this update are effective for financial statements issued for annual periods beginning after December 15, 2016 , including interim periods within those annual periods, and early application is permitted as of the beginning of an interim or annual reporting period. The Company is currently evaluating the expected impact of this new guidance on its consolidated financial statements and available adoption methods. Statement of Comprehensive Income During the nine months ended September 24, 2016 , the change in the Company's accumulated other comprehensive income was net of $ 2.4 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	9 Months Ended
	Sep. 24, 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 and nine months ended September 24, 2016 and the year ended December 26, 2015 . Investments in available-for-sale marketable debt securities are as follows at September 24, 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 $ 42,366,974 $ 46,586,224 $ 71,208 $ — $ — $ (121,561 ) $ 42,438,182 $ 46,464,663 Corporate debt and certificates of deposit 20,654,599 14,534,247 — — (58,401 ) (56,019 ) 20,596,198 14,478,228 Total $ 63,021,573 $ 61,120,471 $ 71,208 $ — $ (58,401 ) $ (177,580 ) $ 63,034,380 $ 60,942,891 The contractual maturity of the Company’s marketable debt securities is as follows at September 24, 2016 : Less than One year One to Five years Greater than Five years Total U.S. government and agency backed securities $ 16,904,660 $ 18,479,622 $ 7,053,900 $ 42,438,182 Corporate debt and certificates of deposit 16,491,826 4,104,372 — 20,596,198 Total $ 33,396,486 $ 22,583,994 $ 7,053,900 $ 63,034,380 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 creditworthiness 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 and nine months ended September 24, 2016 and September 26, 2015 .

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 24, 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 September 24, 2016 Using: Total Level 1 Level 2 Level 3 Cash and Equivalents $ 20,998,402 $ 20,998,402 $ — $ — U.S. Government Securities 42,438,182 11,643,390 30,794,792 — Corporate Debt 8,491,436 — 8,491,436 — Certificates of Deposit 12,104,762 — 12,104,762 — GCS Holdings 329,767 329,767 — — $ 84,362,549 $ 32,971,559 $ 51,390,990 $ — 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	9 Months Ended
	Sep. 24, 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 September 24, 2016 and December 26, 2015 : September 24, December 26, Raw materials $ 1,786,401 $ 844,475 Work-in-process 1,242,020 1,281,891 Finished goods 169,563 386,107 $ 3,197,984 $ 2,512,473

NET (LOSS) INCOME PER SHARE

NET (LOSS) INCOME PER SHARE	9 Months Ended
	Sep. 24, 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 Nine Months Ended September 24, 2016 September 26, 2015 September 24, 2016 September 26, 2015 Weighted average common shares outstanding-basic 64,047,852 63,068,321 64,012,490 63,072,668 Stock options and non-vested restricted common stock — — — — Weighted average common shares outstanding-diluted 64,047,852 63,068,321 64,012,490 63,072,668 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 Nine Months Ended September 24, 2016 September 26, 2015 September 24, 2016 September 26, 2015 Non-vested restricted common stock 2,692,516 2,924,811 2,692,516 2,924,811

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Sep. 24, 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. Non-Vested Restricted Common Stock Shares Weighted Balance, December 26, 2015 2,192,016 $ 3.82 Granted 634,500 1.88 Forfeited (59,000 ) 3.14 Vested (75,000 ) 3.60 Balance, September 24, 2016 2,692,516 $ 3.38 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 nine months ended September 24, 2016 and September 26, 2015 (no tax benefits were recognized): Nine Months Ended September 24, September 26, Cost of component revenues $ 426,357 $ 620,494 Research and development 378,156 669,605 Selling, general and administrative 674,968 1,496,395 Total $ 1,479,481 $ 2,786,494 Unrecognized compensation expense for non-vested restricted common stock as of September 24, 2016 totaled $3.8 million and is expected to be recognized over a weighted average period of approximately two years.

OTHER ASSETS AND AMOUNTS DUE TO

OTHER ASSETS AND AMOUNTS DUE TO / FROM AFFILIATES	9 Months Ended
	Sep. 24, 2016
Other Assets and Related Party Transactions Disclosure [Abstract]
OTHER ASSETS AND AMOUNTS DUE TO / FROM AFFILIATES	OTHER ASSETS AND NOTE RECEIVABLE In January 2016 , the Company received the final $15.0 million payment resulting from the sale of its III-V product line and its investment in KTC. 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.

GOODWILL AND INTANGIBLES (Notes

GOODWILL AND INTANGIBLES (Notes)	9 Months Ended
	Sep. 24, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	8. GOODWILL The Company’s goodwill balance is as follows: Balance, December 26, 2015 $ 946,082 Change due to exchange rate fluctuations (76,098 ) Balance, September 24, 2016 $ 869,984

ACCRUED WARRANTY

ACCRUED WARRANTY	9 Months Ended
	Sep. 24, 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 nine months ended September 24, 2016 are as follows: Balance, December 26, 2015 $ 518,000 Additions 442,305 Claims (442,305 ) Balance, September 24, 2016 $ 518,000

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 24, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company’s tax provison of approximately $114,000 for the three months ended September 24, 2016 represents $14,000 of state income tax and $0.1 million of foreign income taxes including interest income on intercompany loan and net movement in estimated foreign withholding. The Company's tax provision of approximately $2.2 million for the nine months ended September 24, 2016 represents $1.0 million of income taxes on the gain on the sale of Kowon’s plant and land, $1.2 million o f net movement in estimated foreign withholding on anticipated future remitted earnings of a foreign subsidiary, and $22,000 in state income taxes. The Company’s tax benefit of approximately $62,500 and $37,500 for the three and nine month periods ended September 26, 2015 represents the net movement in estimated foreign withholding on anticipated future remitted earnings of an international subsidiary and state taxes. As of September 24, 2016 , the Company has available for tax purposes U.S. federal NOLs of approximately $105 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	9 Months Ended
	Sep. 24, 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 September 24, 2016 September 26, 2015 Kopin FDD Total Kopin FDD Total Revenues $ 4,707 $ 1,087 $ 5,794 $ 7,036 $ 965 $ 8,001 Net loss attributable to the controlling interest (7,982 ) (216 ) (8,198 ) (4,029 ) (646 ) (4,675 ) Nine Months Ended September 24, 2016 September 26, 2015 Kopin FDD Total Kopin FDD Total Revenues $ 13,176 $ 3,093 $ 16,269 $ 24,800 $ 2,643 $ 27,443 Net loss attributable to the controlling interest (17,628 ) (616 ) (18,244 ) (6,548 ) (1,184 ) (7,732 ) Total assets 92,799 1,699 94,498 113,510 1,367 114,877 Long-lived assets 2,937 — 2,937 3,550 92 3,642 The total assets of Kopin are net of $6.2 million and $5.8 million in intercompany loans to FDD as of September 24, 2016 and September 26, 2015 , respectively. During the three and nine month periods ended September 24, 2016 and September 26, 2015 , the Company derived its sales from the following geographies (as a percentage of net revenues): Three Months Ended Nine Months Ended September 24, 2016 September 26, 2015 September 24, 2016 September 26, 2015 United States 49 % 68 % 36 % 73 % Others — % — % — % 1 % Americas 49 % 68 % 36 % 74 % Asia-Pacific 37 % 22 % 48 % 19 % Europe 14 % 10 % 16 % 7 % Total Revenues 100 % 100 % 100 % 100 %

LITIGATION

LITIGATION	9 Months Ended
	Sep. 24, 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.

EMBEZZLEMENT (Notes)

EMBEZZLEMENT (Notes)	9 Months Ended
	Sep. 24, 2016
Unusual or Infrequent Item, or Both [Line Items]
Unusual or Infrequent Items, or Both, Disclosure [Text Block]	EMBEZZLEMENT During the third quarter of 2016 , the Company discovered embezzlement activities at its Korean subsidiary. Based upon the results of forensic investigation procedures, we identified that the embezzlement activities occurred from fiscal year 2011 through fiscal year 2016 . The embezzlement resulted in a total theft loss of $1,589,000 over that period and will result in the immaterial restatement of previously issued annual financial statements and unaudited quarterly financial information in the Company’s 2016 annual report on Form 10-K. In the three and nine month periods ended September 26, 2016 , the Company has recorded in Other (expense) income, embezzlement expense of approximately $200,000 and $420,000 , respectively, representing the total amount of theft loss that occurred in the first nine months of fiscal 2016 . Of that amount, $114,000 had previously been expensed, although misclassified ( $47,000 as Cost of component revenues and $67,000 as Foreign currency transaction losses), and $86,000 had been incurred but not yet recorded in the first two quarters of 2016 . Accordingly, the embezzlement expense recorded in the accompanying financial statements includes the effects of correcting those misstatements. The Company will restate the above referenced first and second quarter 2016 amounts when they are next presented as comparative balances in its first and second quarter reports on Form 10-Q for fiscal 2017 . The family of the embezzler has contributed certain assets as reparations. In addition, the Company has insurance to cover employee fraud. Whether the Company can collect the insurance and keep the assets is pending civil and criminal investigations against the embezzler. The value of the assets recovered, if any, will be recorded during the period in which settlement is determined to be probable.

SUBSEQUENT EVENTS (Notes)

SUBSEQUENT EVENTS (Notes)	9 Months Ended
	Sep. 24, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	SUBSEQUENT EVENTS Subsequent to September 24, 2016 , we entered into two strategic agreements. The first agreement established a strategic relationship with a Chinese company under which the Company and the Chinese Company will provide services for each other and jointly develop and manufacture products. In addition the Chinese company will acquire 7,589,000 shares of unregistered stock of the Company for approximately USD $24.7 million . The second agreement established a joint venture (JV Agreement) in China. Under the terms of the JV Agreement the Company will contribute certain intellectual property and the equivalent of USD $1 million in Renminbi for a minority equity ownership. The purpose of the joint venture is to develop and market wearable products. Both transactions are subject to standard closing conditions and government approval.

CASH AND EQUIVALENTS AND MARK22

CASH AND EQUIVALENTS AND MARKETABLE SECURITIES (Tables)	9 Months Ended
	Sep. 24, 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 September 24, 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 $ 42,366,974 $ 46,586,224 $ 71,208 $ — $ — $ (121,561 ) $ 42,438,182 $ 46,464,663 Corporate debt and certificates of deposit 20,654,599 14,534,247 — — (58,401 ) (56,019 ) 20,596,198 14,478,228 Total $ 63,021,573 $ 61,120,471 $ 71,208 $ — $ (58,401 ) $ (177,580 ) $ 63,034,380 $ 60,942,891
Marketable Debt Securities	The contractual maturity of the Company’s marketable debt securities is as follows at September 24, 2016 : Less than One year One to Five years Greater than Five years Total U.S. government and agency backed securities $ 16,904,660 $ 18,479,622 $ 7,053,900 $ 42,438,182 Corporate debt and certificates of deposit 16,491,826 4,104,372 — 20,596,198 Total $ 33,396,486 $ 22,583,994 $ 7,053,900 $ 63,034,380

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 24, 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 September 24, 2016 Using: Total Level 1 Level 2 Level 3 Cash and Equivalents $ 20,998,402 $ 20,998,402 $ — $ — U.S. Government Securities 42,438,182 11,643,390 30,794,792 — Corporate Debt 8,491,436 — 8,491,436 — Certificates of Deposit 12,104,762 — 12,104,762 — GCS Holdings 329,767 329,767 — — $ 84,362,549 $ 32,971,559 $ 51,390,990 $ — 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)	9 Months Ended
	Sep. 24, 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 September 24, 2016 and December 26, 2015 : September 24, December 26, Raw materials $ 1,786,401 $ 844,475 Work-in-process 1,242,020 1,281,891 Finished goods 169,563 386,107 $ 3,197,984 $ 2,512,473

NET (LOSS) INCOME PER SHARE (Ta

NET (LOSS) INCOME PER SHARE (Tables)	9 Months Ended
	Sep. 24, 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 Nine Months Ended September 24, 2016 September 26, 2015 September 24, 2016 September 26, 2015 Weighted average common shares outstanding-basic 64,047,852 63,068,321 64,012,490 63,072,668 Stock options and non-vested restricted common stock — — — — Weighted average common shares outstanding-diluted 64,047,852 63,068,321 64,012,490 63,072,668
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 Nine Months Ended September 24, 2016 September 26, 2015 September 24, 2016 September 26, 2015 Non-vested restricted common stock 2,692,516 2,924,811 2,692,516 2,924,811

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 24, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
NonVested Restricted Common Stock	Shares Weighted Balance, December 26, 2015 2,192,016 $ 3.82 Granted 634,500 1.88 Forfeited (59,000 ) 3.14 Vested (75,000 ) 3.60 Balance, September 24, 2016 2,692,516 $ 3.38
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 nine months ended September 24, 2016 and September 26, 2015 (no tax benefits were recognized): Nine Months Ended September 24, September 26, Cost of component revenues $ 426,357 $ 620,494 Research and development 378,156 669,605 Selling, general and administrative 674,968 1,496,395 Total $ 1,479,481 $ 2,786,494

GOODWILL AND INTANGIBLES (Table

GOODWILL AND INTANGIBLES (Tables)	9 Months Ended
	Sep. 24, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill [Table Text Block]	The Company’s goodwill balance is as follows: Balance, December 26, 2015 $ 946,082 Change due to exchange rate fluctuations (76,098 ) Balance, September 24, 2016 $ 869,984

ACCRUED WARRANTY (Tables)

ACCRUED WARRANTY (Tables)	9 Months Ended
	Sep. 24, 2016
Product Warranties Disclosures [Abstract]
Accrued Warranty	Changes in the accrued warranty for the nine months ended September 24, 2016 are as follows: Balance, December 26, 2015 $ 518,000 Additions 442,305 Claims (442,305 ) Balance, September 24, 2016 $ 518,000

SEGMENTS AND GEOGRAPHICAL INF29

SEGMENTS AND GEOGRAPHICAL INFORMATION (Tables)	9 Months Ended
	Sep. 24, 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 September 24, 2016 September 26, 2015 Kopin FDD Total Kopin FDD Total Revenues $ 4,707 $ 1,087 $ 5,794 $ 7,036 $ 965 $ 8,001 Net loss attributable to the controlling interest (7,982 ) (216 ) (8,198 ) (4,029 ) (646 ) (4,675 ) Nine Months Ended September 24, 2016 September 26, 2015 Kopin FDD Total Kopin FDD Total Revenues $ 13,176 $ 3,093 $ 16,269 $ 24,800 $ 2,643 $ 27,443 Net loss attributable to the controlling interest (17,628 ) (616 ) (18,244 ) (6,548 ) (1,184 ) (7,732 ) Total assets 92,799 1,699 94,498 113,510 1,367 114,877 Long-lived assets 2,937 — 2,937 3,550 92 3,642
Percentage of Net Revenues by Geographies	During the three and nine month periods ended September 24, 2016 and September 26, 2015 , the Company derived its sales from the following geographies (as a percentage of net revenues): Three Months Ended Nine Months Ended September 24, 2016 September 26, 2015 September 24, 2016 September 26, 2015 United States 49 % 68 % 36 % 73 % Others — % — % — % 1 % Americas 49 % 68 % 36 % 74 % Asia-Pacific 37 % 22 % 48 % 19 % Europe 14 % 10 % 16 % 7 % Total Revenues 100 % 100 % 100 % 100 %

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) ₩ in Billions	3 Months Ended		9 Months Ended
	Sep. 24, 2016USD ($)	Sep. 26, 2015USD ($)	Sep. 24, 2016USD ($)	Sep. 26, 2015USD ($)	Sep. 24, 2016KRW (₩)
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Disposal Group, Including Discontinued Operation, Consideration	$ 0		$ 0		₩ 9.5
Land Available-for-sale	400,000		400,000
Gain (Loss) on Disposition of Property Plant Equipment	0	$ 0	7,700,522	$ 0
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax			2,650,931
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	$ 2,400,000		2,400,000
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

CASH AND EQUIVALENTS AND MARK31

CASH AND EQUIVALENTS AND MARKETABLE SECURITIES (Details) - USD ($)	Sep. 24, 2016	Dec. 26, 2015
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis	$ 63,021,573	$ 61,120,471
Unrealized Gains	71,208	0
Unrealized Losses	(58,401)	(177,580)
Fair Value	63,034,380	60,942,891
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Less than one year	33,396,486
One to five years	22,583,994
Greater than five years	7,053,900
Available-for-sale Securities	63,034,380
U.S. government and agency backed securities
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis	42,366,974	46,586,224
Unrealized Gains	71,208	0
Unrealized Losses	0	(121,561)
Fair Value	42,438,182	46,464,663
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Less than one year	16,904,660
One to five years	18,479,622
Greater than five years	7,053,900
Available-for-sale Securities	42,438,182
Corporate debt and certificates of deposit
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis	20,654,599	14,534,247
Unrealized Gains	0	0
Unrealized Losses	(58,401)	(56,019)
Fair Value	20,596,198	$ 14,478,228
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Less than one year	16,491,826
One to five years	4,104,372
Greater than five years	0
Available-for-sale Securities	$ 20,596,198

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($)	Sep. 24, 2016	Dec. 26, 2015
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	$ 84,362,549	$ 80,942,817
Money Markets, Cash and Equivalents
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	20,998,402	19,767,889
U.S. Government Securities
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	42,438,182	46,464,663
Corporate Debt
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	8,491,436	6,886,495
Certificates of Deposit
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	12,104,762	7,591,733
GCS
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	329,767	232,037
Level 1
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	32,971,559	36,381,078
Level 1 | Money Markets, Cash and Equivalents
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	20,998,402	19,767,889
Level 1 | U.S. Government Securities
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	11,643,390	16,381,152
Level 1 | GCS
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	329,767	232,037
Level 2
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	51,390,990	44,561,739
Level 2 | U.S. Government Securities
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	30,794,792	30,083,511
Level 2 | Corporate Debt
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	8,491,436	6,886,495
Level 2 | Certificates of Deposit
Fair Value Measurements [Line Items]
Financial Instruments, Owned, at Fair Value	12,104,762	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 ($)	Sep. 24, 2016	Dec. 26, 2015
Inventory Disclosure [Abstract]
Raw materials	$ 1,786,401	$ 844,475
Work-in-process	1,242,020	1,281,891
Finished goods	169,563	386,107
Inventory	$ 3,197,984	$ 2,512,473

NET (LOSS) INCOME PER SHARE (De

NET (LOSS) INCOME PER SHARE (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average common shares outstanding, basic	64,047,852	63,068,321	64,012,490	63,072,668
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	0	0	0	0
Weighted average common shares outstanding, diluted	64,047,852	63,068,321	64,012,490	63,072,668
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	2,692,516	2,924,811	2,692,516	2,924,811

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) $ in Millions	9 Months Ended
	Sep. 24, 2016USD ($)
Restricted Stock
Class of Warrant or Right [Line Items]
Unrecognized compensation cost related to nonvested stock awards	$ 3.8
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

STOCK-BASED COMPENSATION - Summ

STOCK-BASED COMPENSATION - Summary of Activity for Nonvested Restricted Common Stock Awards (Details) - Unvested Restricted Stock Awards	9 Months Ended
	Sep. 24, 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	634,500
Forfeited | shares	(59,000)
Vested | shares	(75,000)
Ending Balance | shares	2,692,516
Weighted Average Grant Fair Value
Beginning Balance | $ / shares	$ 3.82
Granted | $ / shares	1.88
Forfeited | $ / shares	3.14
Vested | $ / shares	3.60
Ending Balance | $ / shares	$ 3.38

STOCK-BASED COMPENSATION - Expe

STOCK-BASED COMPENSATION - Expense Related to Employee Stock Options and Nonvested Restricted Common Stock Awards (Details) - USD ($)	9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense	$ 1,479,481	$ 2,786,494
Cost of product revenues
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense	426,357	620,494
Research and development
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense	378,156	669,605
Selling, general and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense	$ 674,968	$ 1,496,395

OTHER ASSETS AND AMOUNTS DUE 38

OTHER ASSETS AND AMOUNTS DUE TO / FROM AFFILIATES (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012	Mar. 28, 2015
Other Assets and Related Party Transactions Disclosure [Abstract]
Proceeds from Divestiture of Businesses			$ 15,000,000	$ 0
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	$ (8,187,086)	$ (4,661,650)	$ (17,876,600)	$ (7,768,453)	$ 28,500,000	$ 35,900,000

GOODWILL AND INTANGIBLES (Detai

GOODWILL AND INTANGIBLES (Details) - USD ($)	9 Months Ended
	Sep. 24, 2016	Dec. 26, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 869,984	$ 946,082
Goodwill, Period Increase (Decrease)	$ (76,098)

ACCRUED WARRANTY (Details)

ACCRUED WARRANTY (Details)	9 Months Ended
	Sep. 24, 2016USD ($)
Product Warranties Disclosures [Abstract]
Product warranty term	12 months
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning Balance	$ 518,000
Additions	442,305
Claim and reversals	(442,305)
Ending Balance	$ 518,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015
Income Taxes [Line Items]
State income and foreign tax expenses	$ 114,000	$ (62,500)	$ 2,218,000	$ (37,500)
Gain (Loss) on Disposition of Property Plant Equipment			1,000,000
Gain (Loss) on Sale of Properties, Applicable Income Taxes	100,000
Foreign Earnings Repatriated			1,200,000
Current State and Local Tax Expense (Benefit)	14,000		22,000
Net operating loss carryforwards available for tax purposes	$ 105,000,000		105,000,000
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 INF42

SEGMENTS AND GEOGRAPHICAL INFORMATION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015	Dec. 26, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 5,794,806	$ 8,000,926	$ 16,269,219	$ 27,442,524
Net Income (Loss) Attributable to Parent	(8,117,304)	(4,675,340)	(18,244,240)	(7,732,359)
Assets	94,497,959		94,497,959		$ 106,060,086
Debt of Subsidiary, Not Assumed	$ 6,200,000	$ 5,800,000	$ 6,200,000	$ 5,800,000
Percentage of total revenue	100.00%	100.00%	100.00%	100.00%
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Percentage of total revenue	49.00%	68.00%	36.00%	73.00%
All Others
Revenues from External Customers and Long-Lived Assets [Line Items]
Percentage of total revenue	0.00%	0.00%	0.00%	1.00%
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Percentage of total revenue	49.00%	68.00%	36.00%	74.00%
Asia-Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Percentage of total revenue	37.00%	22.00%	48.00%	19.00%
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Percentage of total revenue	14.00%	10.00%	16.00%	7.00%
Segment, Continuing Operations
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 5,794	$ 8,001	$ 16,269	$ 27,443
Net Income (Loss) Attributable to Parent	(8,198)	(4,675)	(18,244)	(7,732)
Assets	94,498		94,498		114,877
Long-Lived Assets	2,937		2,937		3,642
Segment, Continuing Operations | Kopin United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	4,707	7,036	13,176	24,800
Net Income (Loss) Attributable to Parent	(7,982)	(4,029)	(17,628)	(6,548)
Assets	92,799		92,799		113,510
Long-Lived Assets	2,937		2,937		3,550
Segment, Continuing Operations | Forth Dimension Displays Limited
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	1,087	965	3,093	2,643
Net Income (Loss) Attributable to Parent	(216)	$ (646)	(616)	$ (1,184)
Assets	1,699		1,699		1,367
Long-Lived Assets	$ 0		$ 0		$ 92

EMBEZZLEMENT (Details)

EMBEZZLEMENT (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 24, 2016	Sep. 24, 2016
Quantifying Misstatement in Current Year Financial Statements [Line Items]
Unusual or Infrequent Item, or Both, Net (Gain) Loss		$ 47,000
Unusual or Infrequent Item, or Both, Gain, Gross		1,589,000
Unusual or Infrequent Item, or Both, Loss, Gross	$ 200,000	420,000
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds		114,000
Unusual or Infrequent Item, or Both, Tax Effect		67,000
Extraordinary Item, Gain (Loss), Gross		$ 86,000

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event [Member] $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)shares
Business Acquisition, Contingent Consideration [Line Items]
Stock Issued During Period, Shares, Acquisitions | shares	7,589,000
Business Combination, Consideration Transferred	$ 24.7
Due from Joint Ventures	$ 1