Kopin (KOPN) 10-Q 8 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 29, 2019	Aug. 05, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 29, 2019
Document Transition Report	false
Entity File Number	0-19882
Entity Registrant Name	KOPIN CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	04-2833935
Entity Address, Address Line One	125 North Drive,
Entity Address, City or Town	Westborough
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01581-3335
City Area Code	508
Local Phone Number	870-5959
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, par value $0.01
Trading Symbol	KOPN
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		84,086,324
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000771266
Current Fiscal Year End Date	--12-28

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 29, 2019	Dec. 29, 2018
Current assets:
Cash and cash equivalents	$ 12,134,526	$ 14,326,347
Marketable debt securities, at fair value	19,420,229	22,918,016
Accounts receivable, net of allowance of $360,000 in 2019 and $304,000 in 2018	4,904,247	3,088,360
Contract assets and unbilled receivables	1,222,605	3,089,663
Inventory	3,700,174	4,797,238
Prepaid taxes	104,726	399,611
Prepaid expenses and other current assets	802,398	784,790
Total current assets	42,288,905	49,404,025
Plant and equipment, net	2,029,406	2,598,842
Operating lease right-of-use assets	3,242,146	0
Goodwill	331,344	331,344
Other assets	1,325,163	1,361,375
Equity investments	9,141,133	5,853,525
Total assets	58,358,097	59,549,111
Current liabilities:
Accounts payable	4,116,685	3,921,880
Accrued payroll and expenses	2,198,416	3,038,005
Accrued warranty	535,000	571,000
Contract liabilities and billings in excess of revenue earned	1,227,198	388,933
Other accrued liabilities	3,259,119	1,901,547
Deferred tax liabilities	527,000	546,000
Total current liabilities	12,880,652	10,367,365
Asset retirement obligations	254,096	254,098
Operating lease liabilities, net of current portion	2,314,032	0
Other long-term obligations	1,049,926	1,214,827
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 88,614,327 shares in 2019 and 80,735,320 shares in 2018; outstanding 82,053,697 shares in 2019 and 74,008,815 shares in 2018	865,669	785,220
Additional paid-in capital	344,998,149	335,692,879
Treasury stock (4,513,256 shares in 2019 and 2018, at cost)	(17,238,669)	(17,238,669)
Accumulated other comprehensive income	1,872,372	1,554,587
Accumulated deficit	(288,523,461)	(272,932,143)
Total Kopin Corporation stockholders’ equity	41,974,060	47,861,874
Noncontrolling interest	(114,669)	(149,053)
Total stockholders’ equity	41,859,391	47,712,821
Total liabilities and stockholders’ equity	58,358,097	59,549,111
Operating lease liabilities—current	$ 1,017,234	$ 0

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Jun. 29, 2019	Dec. 29, 2018
Statement of Financial Position [Abstract]
Accounts receivable, allowance	$ 360,000	$ 304,000
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	88,614,327	80,735,320
Common stock, outstanding	82,053,697	74,008,815
Treasury stock, shares	4,513,256	4,513,256

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Revenues:
Revenues	$ 9,110,133	$ 5,943,898	$ 14,653,058	$ 11,597,518
Expenses:
Research and development	3,330,202	4,526,156	8,296,918	8,977,809
Selling, general and administration	5,375,671	6,913,503	11,658,474	13,844,913
Total expenses	13,948,387	14,937,409	31,074,983	30,382,663
Loss from operations	(4,838,254)	(8,993,511)	(16,421,925)	(18,785,145)
Other income (expense):
Interest income	154,310	165,513	317,671	325,364
Other (expense) income	(111,472)	18,101	(221,207)	1,119,356
Foreign currency transaction (losses) gains	(183,608)	(235,776)	52,527	(27,168)
Gain on investments	768,000	0	768,000	2,849,816
Total other income and expense	627,230	(52,162)	916,991	4,267,368
Loss before provision for income taxes and net (income) loss attributable to noncontrolling interest	(4,211,024)	(9,045,673)	(15,504,934)	(14,517,777)
Provision for income taxes	(26,000)	(201,000)	(52,000)	(201,000)
Net loss	(4,237,024)	(9,246,673)	(15,556,934)	(14,718,777)
Net (income) loss attributable to noncontrolling interest	(23,367)	5,716	(34,384)	(58,458)
Net loss attributable to Kopin Corporation	$ (4,260,391)	$ (9,240,957)	$ (15,591,318)	$ (14,777,235)
Net loss per share
Basic and diluted (usd per share)	$ (0.05)	$ (0.13)	$ (0.20)	$ (0.20)
Weighted average number of common shares outstanding
Basic and diluted (in shares)	81,950,352	73,095,253	78,459,666	73,086,752
Product [Member]
Revenues:
Revenues	$ 4,435,401	$ 4,472,079	$ 9,049,257	$ 9,516,888
Expenses:
Cost of Goods and Services Sold	5,242,514	3,497,750	11,119,591	7,559,941
Service [Member]
Revenues:
Revenues	$ 4,674,732	$ 1,471,819	$ 5,603,801	$ 2,080,630

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net loss	$ (4,237,024)	$ (9,246,673)	$ (15,556,934)	$ (14,718,777)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	121,026	(211,217)	(1,038)	(335,697)
Unrealized holding losses on marketable securities	104,257	(73,262)	326,257	(210,136)
Reclassification of holding losses in net loss	(4,815)	2,982	(7,434)	(1,768)
Other comprehensive income (loss), net of tax	220,468	(281,497)	317,785	(547,601)
Comprehensive loss	(4,016,556)	(9,528,170)	(15,239,149)	(15,266,378)
Comprehensive (income) loss attributable to the noncontrolling interest	(23,367)	38,488	(34,384)	(29,445)
Comprehensive loss attributable to Kopin Corporation	$ (4,039,923)	$ (9,489,682)	$ (15,273,533)	$ (15,295,823)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Accumulated Other Comprehensive Income	Accumulated Deficit	Total Kopin Corporation Stockholders’ Equity	Noncontrolling Interest
Beginning balance at Dec. 30, 2017	$ 77,379,847	$ 775,720	$ 331,119,340	$ (17,238,669)	$ 3,564,779	$ (240,121,901)	$ 78,099,269	$ (719,422)
Beginning Balance (in shares) at Dec. 30, 2017		77,572,038
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	1,399,415		1,399,415				1,399,415
Vesting of restricted stock (shares)		20,000
Vesting of restricted stock		$ 200	(200)
Other comprehensive income	(266,104)				(269,863)		(269,863)	3,759
Other comprehensive income (loss)	3,059,382						3,059,382
Net (loss) income	(5,472,104)					(5,536,278)	(5,536,278)	64,174
Ending balance at Mar. 31, 2018	76,100,436	$ 775,920	332,518,555	(17,238,669)	3,294,916	(242,598,797)	76,751,925	(651,489)
Ending Balance (in shares) at Mar. 31, 2018		77,592,038
Beginning balance at Dec. 30, 2017	77,379,847	$ 775,720	331,119,340	(17,238,669)	3,564,779	(240,121,901)	78,099,269	(719,422)
Beginning Balance (in shares) at Dec. 30, 2017		77,572,038
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income	(547,601)
Net (loss) income	(14,718,777)
Ending balance at Jun. 30, 2018	67,849,238	$ 776,485	333,794,962	(17,238,669)	3,046,191	(251,839,754)	68,539,215	(689,977)
Ending Balance (in shares) at Jun. 30, 2018		77,648,508
Beginning balance at Dec. 30, 2017	77,379,847	$ 775,720	331,119,340	(17,238,669)	3,564,779	(240,121,901)	78,099,269	(719,422)
Beginning Balance (in shares) at Dec. 30, 2017		77,572,038
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	35,800,000
Ending balance at Dec. 29, 2018	47,712,821	$ 785,220	335,692,879	(17,238,669)	1,554,587	(272,932,143)	47,861,874	(149,053)
Ending Balance (in shares) at Dec. 29, 2018		78,522,066
Beginning balance at Mar. 31, 2018	76,100,436	$ 775,920	332,518,555	(17,238,669)	3,294,916	(242,598,797)	76,751,925	(651,489)
Beginning Balance (in shares) at Mar. 31, 2018		77,592,038
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	1,288,374		1,288,374				1,288,374
Vesting of restricted stock (shares)		60,000
Vesting of restricted stock		$ 600	(600)
Repurchases of restricted stock to satisfy tax withholding obligations (in shares)		(3,530)
Repurchases of restricted stock to satisfy tax withholding obligations	(11,402)	$ (35)	(11,367)				(11,402)
Other comprehensive income	(281,497)				(248,725)		(248,725)	(32,772)
Net (loss) income	(9,246,673)					(9,240,957)	(9,240,957)	(5,716)
Ending balance at Jun. 30, 2018	67,849,238	$ 776,485	333,794,962	(17,238,669)	3,046,191	(251,839,754)	68,539,215	(689,977)
Ending Balance (in shares) at Jun. 30, 2018		77,648,508
Beginning balance at Dec. 29, 2018	47,712,821	$ 785,220	335,692,879	(17,238,669)	1,554,587	(272,932,143)	47,861,874	(149,053)
Beginning Balance (in shares) at Dec. 29, 2018		78,522,066
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	815,842		815,842				815,842
Vesting of restricted stock (shares)		10,000
Vesting of restricted stock		$ 100	(100)
Repurchases of restricted stock to satisfy tax withholding obligations (in shares)		(4,294)
Repurchases of restricted stock to satisfy tax withholding obligations	(7,128)	$ (43)	(7,085)				(7,128)
Other comprehensive income	97,317				97,317		97,317
Sale of registered stock	7,310,000	72,727	7,237,273				7,310,000
Net (loss) income	(11,319,910)					(11,330,927)	(11,330,927)	11,017
Ending balance at Mar. 30, 2019	44,608,942	$ 858,004	343,738,809	(17,238,669)	1,651,904	(284,263,070)	44,746,978	(138,036)
Ending Balance (in shares) at Mar. 30, 2019		85,800,499
Beginning balance at Dec. 29, 2018	47,712,821	$ 785,220	335,692,879	(17,238,669)	1,554,587	(272,932,143)	47,861,874	(149,053)
Beginning Balance (in shares) at Dec. 29, 2018		78,522,066
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income	317,785
Net (loss) income	(15,556,934)
Ending balance at Jun. 29, 2019	41,859,391	$ 865,669	344,998,149	(17,238,669)	1,872,372	(288,523,461)	41,974,060	(114,669)
Ending Balance (in shares) at Jun. 29, 2019		86,566,953
Beginning balance at Mar. 30, 2019	44,608,942	$ 858,004	343,738,809	(17,238,669)	1,651,904	(284,263,070)	44,746,978	(138,036)
Beginning Balance (in shares) at Mar. 30, 2019		85,800,499
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	538,474		538,474				538,474
Vesting of restricted stock (shares)		60,000
Vesting of restricted stock		$ 600	(600)
Other comprehensive income	220,468				220,468		220,468
Sale of registered stock	728,531	7,065	721,466				728,531
Net (loss) income	(4,237,024)					(4,260,391)	(4,260,391)	23,367
Ending balance at Jun. 29, 2019	$ 41,859,391	$ 865,669	$ 344,998,149	$ (17,238,669)	$ 1,872,372	$ (288,523,461)	$ 41,974,060	$ (114,669)
Ending Balance (in shares) at Jun. 29, 2019		86,566,953

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net (loss) income	$ (15,556,934)	$ (14,718,777)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	438,294	1,130,169
Stock-based compensation	1,354,316	2,687,789
Foreign currency (gains) losses	(73,231)	19,534
Change in allowance for bad debt	330,172	219,937
Unrealized gain on investments	(768,000)	(2,849,816)
Deferred income taxes	52,518	196,252
Loss on disposal of plant and equipment	251,291	0
Write-off of excess inventory	2,406,492	0
Other non-cash items	(19,631)	301,499
Changes in assets and liabilities, net of acquired assets and liabilities:
Accounts receivable	(2,144,699)	687,986
Contract assets	1,867,058	1,315,022
Inventory	(1,309,827)	(605,154)
Prepaid expenses and other current assets	418,317	113,537
Accounts payable and accrued expenses	304,955	(2,018,182)
Contract liabilities and billings in excess of revenue earned	1,070,129	312,352
Net cash used in operating activities	(11,378,780)	(13,207,852)
Cash flows provided by investing activities:
Other assets	(100,810)	(41,966)
Capital expenditures	(119,815)	(740,172)
Proceeds from sale of marketable debt securities	3,789,139	13,109,285
Cash paid for equity investment	(2,500,000)	(1,000,000)
Net cash provided by investing activities	1,068,514	11,327,147
Cash flows (used in) provided by financing activities:
Sale of registered stock	8,128,531	0
Settlements of restricted stock for tax withholding obligations	7,128	11,402
Net cash provided by financing activities	8,121,403	(11,402)
Effect of exchange rate changes on cash	(2,958)	(213,545)
Net decrease in cash and cash equivalents	(2,191,821)	(2,105,652)
Cash and cash equivalents:
Beginning of period	14,326,347
End of period	12,134,526
Supplemental disclosure of cash flow information:
Issuance costs included in accounts payable and accrued expenses	90,000
Income taxes paid	$ 0	$ 1,300,000

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 29, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The condensed consolidated financial statements of Kopin Corporation as of June 29, 2019 and for the three and six month periods ended June 29, 2019 and June 30, 2018 are unaudited and include all adjustments that, in the opinion of management, are necessary to present fairly the results of operations for the periods then ended. These condensed consolidated financial statements should be read in conjunction with the Company’s financial statements and notes thereto, included in the Company's Annual Report on Form 10-K for the fiscal year ended December 29, 2018 . The results of the Company's operations for any interim period are not necessarily indicative of the results of the Company's operations for any other interim period or for a full fiscal year. As used in this report, the terms "we", "us", "our", "Kopin" and the "Company" mean Kopin Corporation and its subsidiaries, unless the context indicates another meaning. Going Concern The accompanying condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred net losses of $35.8 million and net cash outflows from operations of $28.2 million for the fiscal year ended 2018. The Company incurred a net loss of $15.6 million for the six months ended June 29, 2019 and net cash outflows from operations of $11.4 million . In addition, the Company has experienced a significant decline in its cash and cash equivalents and marketable debt securities over the last several years, which was primarily a result of funding operating losses, of which a significant component relates to the Company’s investments in the research and development of Wearable products. The Company had $31.6 million of cash and cash equivalents and marketable debt securities at June 29, 2019 . The Company's historical and current use of cash in operations combined with limited liquidity resources raise substantial doubt regarding the Company’s ability to continue as a going concern. The Company’s products target the industrial wearable headset and military markets. Management believes the industrial wearable market is still developing and cannot predict how long the wearable market will take to develop or if the Company’s products will be accepted. Accordingly, the Company’s current strategy is to continue to invest in research and development, even during unprofitable periods, which has resulted in the Company continuing to incur net losses and negative cash flows from operations. As the Company continues to incur negative cash flows from operations its financial condition will be materially adversely affected. As such, management is actively pursuing strategic alternatives including the reduction of operating expenses and raising additional capital, among other things. While there can be no assurance the Company will be able to successfully reduce operating expenses or raise additional capital, management believes it has sufficient cash for operations through the end of fiscal 2020, based on management’s historical success in managing cash flows and obtaining capital. These condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

ACCOUNTING STANDARDS Accounting

ACCOUNTING STANDARDS Accounting Standards (Notes)	6 Months Ended
	Jun. 29, 2019
Leases [Abstract]
Accounting Standards	ACCOUNTING STANDARDS Recently Adopted Accounting Standards In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-02, Leases (Topic 842) , which requires lessees to recognize operating lease right-of-use assets and lease liability for most lease arrangements. Effective December 30, 2018, the Company adopted the requirements of the new lease standard using the modified retrospective approach, applying the new lease requirements at the beginning of fiscal year 2019. In addition, we elected the package of practical expedients permitted under the transition guidance within the new standard, which, among other things, allows us to carry forward the historical lease classification. The Company did not elect the practical expedient to use hindsight in determining the lease term and in assessing impairment of right-of-use assets. The standard resulted in the recognition of operating lease right-of-use assets of $3.7 million and operating lease liabilities of $3.8 million , of which $1.0 million was classified as current at the beginning of fiscal year 2019. The standard had no material impact on the Company's results of operations or cash flows and there was no cumulative impact on accumulated deficit as of December 30, 2018. In addition, new disclosures are provided to enable readers to assess the amount, timing and uncertainty of cash flows arising from leases. Significant Accounting Policies Update The Company's significant accounting policies are detailed in "Note 1: Summary of Significant Accounting Policies" of our Annual Report on Form 10-K for the fiscal year ended December 29, 2018. Effective December 30, 2019, the Company adopted the requirements of ASU 2016-02, Leases (Topic 842) using the modified retrospective approach as discussed below. The Company reclassified certain balance sheet accounts to conform to the Company's current period presentation. All amounts disclosed in this Form 10-Q reflect these changes. Leases The Company determines if an arrangement is a lease or contains an embedded lease at inception. For lease arrangements with both lease and non-lease components (e.g., common-area maintenance costs), the Company accounts for the non-lease components separately. All of the Company's leases are operating leases. Operating lease right-of-use assets and operating lease liabilities are recognized based on the present value of future lease payments over the lease term at the commencement date. The operating lease right-of-use assets also includes any initial direct costs and any lease payments made at or before the commencement date, and is reduced for any unrestricted incentives received at or before the commencement date. For the majority of the Company's leases, the discount rate used to determine the present value of the lease payments is the Company's incremental borrowing rate at the lease commencement date, as the implicit rate is not readily determinable. The discount rate represents a risk-adjusted rate on a secured basis, and is the rate at which the Company would borrow funds to satisfy the scheduled lease liability payment streams commensurate with the lease term. On December 30, 2018, the discount rate used on existing leases at adoption was determined based on the remaining lease term using available data as of that date. For new or renewed leases starting in 2019, the discount rate is determined using available data at lease commencement and based on the lease term including any reasonably certain renewal periods. Some of our leases include options to extend or terminate the lease. The Company includes these options in the recognition of the Company's ROU assets and lease liabilities when it is reasonably certain that the Company will exercise the option. In most cases, the Company has concluded that renewal and early termination options are not reasonably certain of being exercised by the Company (and thus not included in our ROU asset and lease liability) unless there is an economic, financial or business reason to do so. None of our leases include variable lease-related payments, such as escalation clauses based on the consumer price index ("CPI") rates or residual guarantees. Accounting Standards Issued But Not Yet Adopted In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”), which adds, amends and removes certain disclosure requirements related to fair value measurements. Among other changes, this standard requires certain additional disclosure surrounding Level 3 assets, including changes in unrealized gains or losses in other comprehensive income and certain inputs in those measurements. ASU 2018-13 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Certain amended or eliminated disclosures in this standard may be adopted early, while certain additional disclosure requirements in this standard can be adopted on its effective date. In addition, certain changes in the standard require retrospective adoption, while other changes must be adopted prospectively. The Company is currently evaluating ASU 2018-13 and its impact on our consolidated financial statements.

CASH AND EQUIVALENTS AND MARKET

CASH AND EQUIVALENTS AND MARKETABLE SECURITIES	6 Months Ended
	Jun. 29, 2019
Cash and Equivalents and Marketable Securities Disclosure [Abstract]
CASH AND EQUIVALENTS AND MARKETABLE SECURITIES	CASH AND CASH EQUIVALENTS AND MARKETABLE DEBT 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 commercial paper, medium-term corporate notes, and U.S. government and agency backed securities. The Company classifies these marketable debt securities as available-for-sale at fair value in “Marketable debt securities, at fair value.” The Company records the amortization of premium and accretion of discounts 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 six months ended June 29, 2019 and the fiscal year ended December 29, 2018 . Investments in available-for-sale marketable debt securities were as follows at June 29, 2019 and December 29, 2018 : Amortized Cost Unrealized Losses Fair Value 2019 2018 2019 2018 2019 2018 U.S. government and agency backed securities $ 10,306,091 $ 13,064,418 $ (10,895 ) $ (253,495 ) $ 10,295,196 $ 12,810,923 Corporate debt 9,128,446 10,175,084 (3,413 ) (67,991 ) 9,125,033 10,107,093 Total $ 19,434,537 $ 23,239,502 $ (14,308 ) $ (321,486 ) $ 19,420,229 $ 22,918,016 The contractual maturity of the Company’s marketable debt securities was as follows at June 29, 2019 : Less than One year One to Five years Total U.S. government and agency backed securities $ 999,210 $ 9,295,986 $ 10,295,196 Corporate debt 3,669,413 5,455,620 9,125,033 Total $ 4,668,623 $ 14,751,606 $ 19,420,229

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 29, 2019
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 June 29, 2019 Using: Total Level 1 Level 2 Level 3 Cash and Cash Equivalents $ 12,134,526 $ 12,134,526 $ — $ — U.S. Government Securities 10,295,196 — 10,295,196 — Corporate Debt 9,125,033 — 9,125,033 — Equity Investments 9,141,133 300,134 — 8,840,999 $ 40,695,888 $ 12,434,660 $ 19,420,229 $ 8,840,999 Fair Value Measurement December 29, 2018 Using: Total Level 1 Level 2 Level 3 Cash and Cash Equivalents $ 14,326,347 $ 14,326,347 $ — $ — U.S. Government Securities 12,810,923 — 12,810,923 — Corporate Debt 10,107,093 — 10,107,093 — Equity Investments 5,853,525 288,026 — 5,565,499 $ 43,097,888 $ 14,614,373 $ 22,918,016 $ 5,565,499 Transfers between levels of the fair value hierarchy are reported at the beginning of the reporting period in which they occur. During the six months ended June 29, 2019 , there were no transfers between levels of the fair value hierarchy. Changes in Level 3 investments were as follows: December 29, 2018 Net unrealized gains Purchases, issuances and settlements Transfers in and or out of Level 3 June 29, 2019 Equity Investments $ 5,565,499 $ 775,500 $ 2,500,000 $ — $ 8,840,999 The carrying amounts of cash and cash 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. Marketable Debt Securities The corporate debt consists of floating rate notes with a maturity that is over multiple years but has interest rates that 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 that incorporates the three-month Libor, the credit default swap rate of the issuer if applicable and the bid and ask price spread of the same or similar investments which are traded on several markets. Equity Investments The Company adopted the measurement alternative for equity investments without readily determinable fair values (often referred to as cost method investments). As a result, equity investments will be revalued upon occurrence of an observable price change for similar investments and for impairments. The Company acquired an equity interest in a company in the first quarter of 2018. The Company made a $1.0 million capital contribution during the three months ended March 31, 2018. The Company also contributed certain intellectual property. During the three and six months ended June 29, 2019 , the Company recorded less than $0.1 million of unrealized gain on this equity investment due to a fluctuation in the foreign exchange rate. As of June 29, 2019 , the Company owned an 11.4% interest in this investment and the fair value of this equity investment was approximately $3.6 million at June 29, 2019 . The Company acquired an equity interest in a customer by exercising a warrant in the second quarter of 2018 for up to 15% of the customer's Series A equity offering as part of the licensing of technology to the customer. The Company used the customer's capital structure, pricing of the shares being offered and the warrant from the customer's Series A financing round in determining the value upon exercising the warrant. In addition, the Company acquired 368,732 shares of the customer's Series B equity valued at $2.5 million based on the fair value of the Series B at the closing in May 2019. During the three and six months ended June 29, 2019 , the Company recognized a $0.8 million gain based on an observable price change for the Series A shares by using the customer's Series B capital structure, pricing of the shares being offered and the liquidation preference of Series B. As of June 29, 2019 , the Company's total fair value in Series A and Series B equity investments is $5.2 million

INVENTORY

INVENTORY	6 Months Ended
	Jun. 29, 2019
Inventory Disclosure [Abstract]
INVENTORY	INVENTORY Inventories are stated at standard cost adjusted to approximate the lower of cost (first-in, first-out method) or net realizable value and consist of the following at June 29, 2019 and December 29, 2018 : June 29, 2019 December 29, 2018 Raw materials $ 2,412,961 $ 2,548,139 Work-in-process 887,595 1,526,552 Finished goods 399,618 722,547 $ 3,700,174 $ 4,797,238

NET LOSS PER SHARE

NET LOSS PER SHARE	6 Months Ended
	Jun. 29, 2019
Earnings Per Share [Abstract]
NET LOSS 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 unvested restricted shares. Diluted net loss per share 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 unvested restricted stock. The following were not included in weighted-average common shares outstanding-diluted because they are anti-dilutive or performance conditions have not been met at the end of the period: Three Months Ended Six Months Ended June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Non-vested restricted common stock 2,047,374 3,442,249 2,047,374 3,442,249

STOCKHOLDERS' EQUITY AND STOCK-

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 29, 2019
Share-based Payment Arrangement [Abstract]
STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION	STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION Registered Sale of Equity Securities On March 15, 2019, the Company sold 7.3 million shares of registered common stock for gross proceeds of $8.0 million ( $1.10 per share), before deducting underwriting discounts and offering expenses paid by the Company. This represented approximately 8.9% of Kopin's total outstanding shares of common stock as of the date of purchase. The net proceeds from the offering were used for general corporate purposes, including working capital. On April 10, 2019, the Company sold 0.7 million shares of registered common stock for gross proceeds of $0.8 million ( $1.10 per share), before deducting underwriting discounts and offering expenses paid by the Company, pursuant to the partial exercise of the underwriters' overallotment option in connection with its March 15, 2019 public offering. This represented approximately 0.8% of Kopin's total outstanding shares of common stock as of the date of purchase. Non-Vested Restricted Common Stock 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 that 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 that 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. Restricted stock activity was as follows: Shares Weighted Balance, December 29, 2018 2,213,249 $ 2.51 Granted 130,000 1.20 Forfeited (225,875 ) 2.97 Vested (70,000 ) 3.32 Balance, June 29, 2019 2,047,374 $ 2.35 On December 31, 2017, the Company amended the employment agreement with our CEO, Dr. John Fan, to expire on December 31, 2020 and as part of the amendment issued restricted stock grants. Of the restricted stock grants issued to Dr. Fan, 640,000 shares will vest upon the first 20 consecutive trading day period following the grant date during which the Company's common stock trades at a price equal to or greater than $5.25 , 150,000 shares will vest at the end of the first 20 consecutive trading day period following the grant date during which the Company’s common stock trades at a price per share equal to or greater than $6.00 , and 150,000 shares will vest at the end of the first 20 consecutive trading day period following the grant date during which the Company’s common stock trades at a price per share equal to or greater than $7.00 . All of the grants are subject to certain acceleration events and expire on December 31, 2020. The total fair value of these awards on December 31, 2017 was $1.7 million . The value of restricted stock grants that vest based on market conditions is computed on the date of grant using the Monte Carlo model with the following assumptions: For the three months ended June 29, 2019 Performance price target $ 5.25 $ 6.00 $ 7.00 Expected volatility 48.3 % 48.3 % 48.3 % Interest rate 1.97 % 1.97 % 1.97 % Expected life (years) 3 3 3 Dividend yield — % — % — % 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 six months ended June 29, 2019 and June 30, 2018 (no tax benefits were recognized): Three Months Ended Six Months Ended June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Cost of product revenues $ 32,107 $ 155,925 $ 64,215 $ 266,151 Research and development 83,785 193,767 188,515 468,083 Selling, general and administrative 422,582 938,682 1,101,586 1,953,555 Total $ 538,474 $ 1,288,374 $ 1,354,316 $ 2,687,789 Unrecognized compensation expense for non-vested restricted common stock as of June 29, 2019 totaled $1.9 million and is expected to be recognized over a weighted average period of approximately two years .

(Notes)

(Notes)	6 Months Ended
	Jun. 29, 2019
Product Warranties Disclosures [Abstract]
ACCRUED WARRANTY	ACCRUED WARRANTY The Company typically warrants its products against defect for 12 to 18 months , however, for certain products a customer may purchase an extended warranty. 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 six months ended June 29, 2019 were as follows: Balance, December 29, 2018 $ 571,000 Additions 290,000 Claims (326,000 ) Balance, June 29, 2019 $ 535,000 Extended Warranties Deferred revenue represents the purchase of extended warranties by the Company's customers. The Company recognizes revenue from an extended warranty on the straight-line method over the life of the extended warranty, which is typically 12 to 15 months beyond the standard 12 to 18 month warranty. The Company classifies the current portion of deferred revenue under Contract liabilities and billings in excess of revenue earned and classifies the long-term portion of deferred revenue under Other long-term obligations in its condensed consolidated balance sheets. At June 29, 2019 , the Company had $0.2 million of deferred revenue related to extended warranties.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 29, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company recorded a provision for income taxes of less than $0.1 million and $0.2 million in the three months ended June 29, 2019 and June 30, 2018 , respectively. The Company recorded a provision for income taxes of less than $0.1 million and $0.2 million in the six months ended June 29, 2019 and June 30, 2018 , respectively. As of June 29, 2019 , the Company has available for tax purposes U.S. federal NOLs of approximately $210.2 million expiring 2022 through 2037. The Company had 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 recognizes both accrued interest and penalties related to its uncertain tax positions related to intercompany loan interest and potential transfer pricing exposure related to its foreign subsidiaries.

CONTRACT ASSETS AND LIABILITIES

CONTRACT ASSETS AND LIABILITIES (Notes)	6 Months Ended
	Jun. 29, 2019
Contract Assets and Contract Liabilities [Abstract]
CONTRACT ASSETS AND LIABILITIES	10. CONTRACT ASSETS AND LIABILITIES Contract assets include unbilled amounts typically resulting from sales under contracts when the cost-to-cost method of revenue recognition is utilized and revenue recognized from customer arrangements, including licensing, exceeds the amount billed to the customer, and right to payment is not just subject to the passage of time. Amounts may not exceed their net realizable value. Contract assets are generally classified as current. The Company classifies the noncurrent portion of contract assets under other assets in its condensed consolidated balance sheets. Contract liabilities consist of advance payments and billings in excess of cost incurred and deferred revenue. Net contract assets (liabilities) consisted of the following: June 29, 2019 December 29, 2018 $ Change % Change Contract assets—current $ 1,222,605 $ 3,089,663 $ (1,867,058 ) (60 )% Contract liabilities—current (1,227,198 ) (388,933 ) (838,265 ) 216 % Contract liabilities—noncurrent (14,813 ) (17,294 ) 2,481 (14 )% Net contract (liabilities) assets $ (19,406 ) $ 2,683,436 $ (2,702,842 ) (101 )% The $2.7 million decrease in the Company's net contract assets (liabilities) from December 29, 2018 to June 29, 2019 was primarily due the shipment of inventory that was in process at December 29, 2018 and advanced payments in excess of amounts earned on development contracts. In the three and six months ended June 29, 2019 , the Company recognized revenue of $0.1 million and $0.3 million , respectively, related to our contract liabilities at December 30, 2018. In the three and six months ended June 30, 2018 , the Company recognized revenue of less than $0.1 million related to our contract liabilities at December 31, 2017. The Company did not recognize impairment losses on our contract assets in the three and six months ended June 29, 2019 or June 30, 2018 .

LEASES AND COMMITMENTS (Notes)

LEASES AND COMMITMENTS (Notes)	6 Months Ended
	Jun. 29, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments Disclosure [Text Block]	Commitments The Company has entered into an investment agreement to make a one-time capital contribution of approximately $5.1 million (the Company's capital contribution under the agreement is 35.0 million Chinese Yuan Renminbi) in which the Company will receive a 3.5% equity interest in the investment. The Company’s ability to make its capital contribution is subject to Chinese laws which include restrictions on direct foreign investment. Accordingly, the Company may need to make the capital contribution through its Chinese subsidiary’s operations. The investment agreement has penalty clauses in the event the Company does not make its capital contribution in a timely manner. Due to delays in making its contribution the Company has accrued $0.4 million in penalties related to this agreement.
LEASES	11. LEASES AND COMMITMENTS Leases The Company enters into operating leases primarily for: real estate, including for manufacturing, engineering, research, administration and sales facilities, and information technology ("IT") equipment. At June 29, 2019 and December 29, 2018, the Company did not have any finance leases. Approximately 87% of our future lease commitments, and related lease liability, relate to the Company's real estate leases. Some of the Company's leases include options to extend or terminate the lease. The components of lease expense were as follows: Three Months Ended Six Months Ended June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Operating lease cost $ 308,080 $ 359,574 $ 603,565 $ 716,402 At June 29, 2019 , the Company's future lease payments under non-cancellable leases were as follows: 2019 (excluding the six months ended June 29, 2019) $ 599,762 2020 1,220,272 2021 1,028,781 2022 654,473 2023 201,333 Thereafter — Total future lease payments 3,704,621 Less imputed interest (373,355 ) Total $ 3,331,266 The Company's lease liabilities recognized in the Company's condensed consolidated balance sheets at June 29, 2019 was as follows: June 29, 2019 Operating lease liabilities—current $ 1,017,234 Operating lease liabilities—noncurrent 2,314,032 Total lease liabilities $ 3,331,266 Supplemental cash flow information related to leases was as follows: Six months ended June 29, 2019 Cash paid for amounts included in the measurement of operating lease liabilities $ 602,166 Right-of-use assets obtained in exchange for new operating lease obligations 489,252 Other information related to leases was as follows: June 29, 2019 Weighted Average Discount Rate—Operating Leases 6.16 % Weighted Average Remaining Lease Term—Operating Leases (in years) 3.8 Prior to December 30, 2018, the Company accounted for its leases in accordance with Topic 840, Leases . At December 29, 2018, the Company was committed under operating leases for buildings, office space and equipment, which expired at various dates. As previously disclosed in our Annual Report on Form 10-K for the fiscal year ended December 29, 2018 and under previous lease guidance, future minimum lease payments under non-cancelable operating leases as of December 29, 2018 were as follows: Fiscal year ending, Amount 2019 $ 1,210,000 2020 1,112,000 2021 921,000 2022 616,000 2023 201,000 Thereafter — Total $ 4,060,000

SEGMENTS AND GEOGRAPHICAL INFOR

SEGMENTS AND GEOGRAPHICAL INFORMATION	6 Months Ended
	Jun. 29, 2019
Segment Reporting [Abstract]
SEGMENTS AND GEOGRAPHICAL INFORMATION	SEGMENTS AND DISAGGREGATION OF REVENUE The Company’s chief operating decision maker is its Chief Executive Officer. The Company has determined it has two reportable segments: Industrial, which includes the operations that develop and manufacture its reflective display products and virtual reality systems for test and simulation products, and Kopin, which includes the operations that develop and manufacture its other products. Segment financial results were as follows: Three Months Ended Six Months Ended Total Revenue (in thousands) June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Kopin $ 7,673 $ 4,405 $ 11,129 $ 7,403 Industrial 1,647 1,948 4,224 4,604 Eliminations (210 ) (409 ) (700 ) (409 ) Total $ 9,110 $ 5,944 $ 14,653 $ 11,598 Three Months Ended Six Months Ended Total Intersegment Revenue (in thousands) June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Kopin $ — $ — $ — $ — Industrial 210 409 700 409 Total $ 210 $ 409 $ 700 $ 409 Three Months Ended Six Months Ended Net Loss Attributable to Kopin (in thousands) June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Kopin $ (4,153 ) $ (8,844 ) $ (16,047 ) $ (14,834 ) Industrial (107 ) (397 ) 456 57 Total $ (4,260 ) $ (9,241 ) $ (15,591 ) $ (14,777 ) Total Assets (in thousands) June 29, 2019 December 29, 2018 Kopin $ 50,944 $ 50,995 Industrial 7,414 8,554 Total $ 58,358 $ 59,549 Total long-live assets by country at June 29, 2019 and December 29, 2018 were: Total Long-lived Assets (in thousands) June 29, 2019 December 29, 2018 U.S. $ 1,763 $ 2,101 United Kingdom 179 197 China 51 251 Japan 36 50 Total $ 2,029 $ 2,599 We disaggregate our revenue from contracts with customers by geographic location and by display application, as we believe it best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. During the three and six months ended June 29, 2019 and June 30, 2018 , the Company derived its sales from the following geographies: Three Months Ended June 29, 2019 Kopin Industrial Total (In thousands, except percentages) Revenue % of Total Revenue % of Total Revenue % of Total United States $ 2,164 24 % $ 441 5 % $ 2,605 29 % Other Americas 7 — — — 7 — Total Americas 2,171 24 441 5 2,612 29 Asia-Pacific 5,171 57 646 7 5,817 64 Europe 331 3 340 4 671 7 Other — — 10 — 10 — Total Revenues $ 7,673 84 % $ 1,437 16 % $ 9,110 100 % Three Months Ended June 30, 2018 Kopin Industrial Total (In thousands, except percentages) Revenue % of Total Revenue % of Total Revenue % of Total United States $ 2,950 50 % $ 608 10 % $ 3,558 60 % Other Americas 26 — 18 — 44 1 Total Americas 2,976 50 626 11 3,602 61 Asia-Pacific 987 17 468 8 1,455 25 Europe 442 7 425 7 867 14 Other — — 20 — 20 — Total Revenues $ 4,405 74 % $ 1,539 26 % $ 5,944 100 % Six Months Ended June 29, 2019 Kopin Industrial Total (In thousands, except percentages) Revenue % of Total Revenue % of Total Revenue % of Total United States $ 4,191 29 % $ 820 6 % $ 5,011 35 % Other Americas 18 — 7 — 25 — Total Americas 4,209 29 827 6 5,036 35 Asia-Pacific 6,203 42 1,487 10 7,690 52 Europe 717 5 1,200 8 1,917 13 Other — — 10 — 10 — Total Revenues $ 11,129 76 % $ 3,524 24 % $ 14,653 100 % Six Months Ended June 30, 2018 Kopin Industrial Total (In thousands, except percentages) Revenue % of Total Revenue % of Total Revenue % of Total United States $ 5,160 44 % $ 1,994 17 % $ 7,154 61 % Other Americas 28 — 22 — 50 — Total Americas 5,188 44 2,016 17 7,204 61 Asia-Pacific 1,467 14 1,161 10 2,628 24 Europe 748 6 995 9 1,743 15 Other — — 23 — 23 — Total Revenues $ 7,403 64 % $ 4,195 36 % $ 11,598 100 % During the three and six months ended June 29, 2019 and June 30, 2018 , the Company derived its sales from the following display applications: Three Months Ended June 29, 2019 Three Months Ended June 30, 2018 (In thousands) Kopin Industrial Total Kopin Industrial Total Military $ 1,277 $ 520 $ 1,797 $ 1,067 $ 570 $ 1,637 Industrial 1,218 917 2,135 472 748 1,220 Consumer 503 — 503 1,505 — 1,505 Other — — — 39 71 110 R&D 455 — 455 1,322 150 1,472 License and royalties 4,220 — 4,220 — — — Total Revenues $ 7,673 $ 1,437 $ 9,110 $ 4,405 $ 1,539 $ 5,944 Six Months Ended June 29, 2019 Six Months Ended June 30, 2018 (In thousands) Kopin Industrial Total Kopin Industrial Total Military $ 2,355 $ 883 $ 3,238 $ 1,865 $ 2,056 $ 3,921 Industrial 2,154 2,484 4,638 1,220 1,759 2,979 Consumer 1,149 — 1,149 2,396 — 2,396 Other 7 17 24 39 182 221 R&D 1,059 140 1,199 1,883 198 2,081 License and royalties 4,405 — 4,405 — — — Total Revenues $ 11,129 $ 3,524 $ 14,653 $ 7,403 $ 4,195 $ 11,598

LITIGATION

LITIGATION	6 Months Ended
	Jun. 29, 2019
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. BlueRadios, Inc. v. Kopin Corporation, Civil Action No. 16-02052-JLK (D. Col.): On August 12, 2016, BlueRadios, Inc. ("BlueRadios") filed a complaint in the U.S. District Court for the District of Colorado, alleging that the Company breached a contract between it and BlueRadios concerning an alleged joint venture between the Company and BlueRadios to design, develop and commercialize micro-display products with embedded wireless technology referred to as “Golden-i” breached the covenant of good faith and fair dealing associated with that contract, breached its fiduciary duty to BlueRadios, and misappropriated trade secrets owned by BlueRadios in violation of Colorado law (C.R.S. § 7-74-104(4)) and the Defend Trade Secrets Act (18 U.S.C. § 1836(b)(1)). BlueRadios further alleges that the Company was unjustly enriched by its alleged misconduct, BlueRadios is entitled to an accounting to determine the amount of profits obtained by the Company as a result of its alleged misconduct, and the inventorship on at least ten patents or patent applications owned by the Company need to be corrected to list BlueRadios’ employees as inventors and thereby list BlueRadios as co-assignees of the patents. BlueRadios seeks monetary, declaratory, and injunctive relief, including for alleged non-payment of engineering retainer fees. On October 11, 2016, the Company filed its Answer and Affirmative Defenses. The parties are in the midst of discovery, with the close of all discovery currently set for October 15, 2019. On July 30, 2019, the Court granted Kopin’s Motion for Partial Summary Judgment against claims for alleged non-payment of engineering retainer fees. A trial date has not yet been set by the Court as to BlueRadios’ remaining claims. The Company has not concluded a loss from this matter is probable; therefore, we have not recorded an accrual for litigation or claims related to this matter for the period ended June 29, 2019 . The Company will continue to evaluate information as it becomes known and will record an estimate for losses at the time or times when it is both probable that a loss has been incurred and the amount of the loss is reasonably estimable.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 29, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The Company may from time to time enter into agreements with stockholders, affiliates and other companies engaged in certain aspects of the display, electronics, optical and software industries as part of our business strategy. In addition, the wearable computing product market is relatively new and there may be other technologies the Company needs to purchase from affiliates to enhance its product offering. During the three and six month periods ended June 29, 2019 and June 30, 2018 , the Company had the following transactions with related parties: Three Months Ended June 29, 2019 June 30, 2018 Sales Purchases Sales Purchases Goertek $ — $ — $ — $ 78,905 RealWear, Inc. 4,667,258 — 261,605 — $ 4,667,258 $ — $ 261,605 $ 78,905 Six Months Ended June 29, 2019 June 30, 2018 Sales Purchases Sales Purchases Goertek $ — $ 1,246,077 $ — $ 298,909 RealWear, Inc. 5,192,644 — 512,956 — $ 5,192,644 $ 1,246,077 $ 512,956 $ 298,909 The Company had the following receivables, contract assets and payables with related parties: June 29, 2019 December 29, 2018 Receivables Contract assets Payables Receivables Contract assets Payables Goertek $ — $ — $ 873,923 $ — $ — $ 207,530 RealWear, Inc. 2,060,537 400,000 — 1,041,334 400,000 — $ 2,060,537 $ 400,000 $ 873,923 $ 1,041,334 $ 400,000 $ 207,530

ACCOUNTING STANDARDS (Policies)

ACCOUNTING STANDARDS (Policies)	6 Months Ended
	Jun. 29, 2019
Leases [Abstract]
Leases	Leases The Company determines if an arrangement is a lease or contains an embedded lease at inception. For lease arrangements with both lease and non-lease components (e.g., common-area maintenance costs), the Company accounts for the non-lease components separately. All of the Company's leases are operating leases. Operating lease right-of-use assets and operating lease liabilities are recognized based on the present value of future lease payments over the lease term at the commencement date. The operating lease right-of-use assets also includes any initial direct costs and any lease payments made at or before the commencement date, and is reduced for any unrestricted incentives received at or before the commencement date. For the majority of the Company's leases, the discount rate used to determine the present value of the lease payments is the Company's incremental borrowing rate at the lease commencement date, as the implicit rate is not readily determinable. The discount rate represents a risk-adjusted rate on a secured basis, and is the rate at which the Company would borrow funds to satisfy the scheduled lease liability payment streams commensurate with the lease term. On December 30, 2018, the discount rate used on existing leases at adoption was determined based on the remaining lease term using available data as of that date. For new or renewed leases starting in 2019, the discount rate is determined using available data at lease commencement and based on the lease term including any reasonably certain renewal periods. Some of our leases include options to extend or terminate the lease. The Company includes these options in the recognition of the Company's ROU assets and lease liabilities when it is reasonably certain that the Company will exercise the option. In most cases, the Company has concluded that renewal and early termination options are not reasonably certain of being exercised by the Company (and thus not included in our ROU asset and lease liability) unless there is an economic, financial or business reason to do so. None of our leases include variable lease-related payments, such as escalation clauses based on the consumer price index ("CPI") rates or residual guarantees.

CASH AND EQUIVALENTS AND MARK_2

CASH AND EQUIVALENTS AND MARKETABLE SECURITIES (Tables)	6 Months Ended
	Jun. 29, 2019
Cash and Equivalents and Marketable Securities Disclosure [Abstract]
Cash Cash Equivalents and Marketable Securities Table	Investments in available-for-sale marketable debt securities were as follows at June 29, 2019 and December 29, 2018 : Amortized Cost Unrealized Losses Fair Value 2019 2018 2019 2018 2019 2018 U.S. government and agency backed securities $ 10,306,091 $ 13,064,418 $ (10,895 ) $ (253,495 ) $ 10,295,196 $ 12,810,923 Corporate debt 9,128,446 10,175,084 (3,413 ) (67,991 ) 9,125,033 10,107,093 Total $ 19,434,537 $ 23,239,502 $ (14,308 ) $ (321,486 ) $ 19,420,229 $ 22,918,016
Marketable Debt Securities	The contractual maturity of the Company’s marketable debt securities was as follows at June 29, 2019 : Less than One year One to Five years Total U.S. government and agency backed securities $ 999,210 $ 9,295,986 $ 10,295,196 Corporate debt 3,669,413 5,455,620 9,125,033 Total $ 4,668,623 $ 14,751,606 $ 19,420,229

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 29, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements of Financial Instruments	Fair Value Measurement June 29, 2019 Using: Total Level 1 Level 2 Level 3 Cash and Cash Equivalents $ 12,134,526 $ 12,134,526 $ — $ — U.S. Government Securities 10,295,196 — 10,295,196 — Corporate Debt 9,125,033 — 9,125,033 — Equity Investments 9,141,133 300,134 — 8,840,999 $ 40,695,888 $ 12,434,660 $ 19,420,229 $ 8,840,999 Fair Value Measurement December 29, 2018 Using: Total Level 1 Level 2 Level 3 Cash and Cash Equivalents $ 14,326,347 $ 14,326,347 $ — $ — U.S. Government Securities 12,810,923 — 12,810,923 — Corporate Debt 10,107,093 — 10,107,093 — Equity Investments 5,853,525 288,026 — 5,565,499 $ 43,097,888 $ 14,614,373 $ 22,918,016 $ 5,565,499
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	Transfers between levels of the fair value hierarchy are reported at the beginning of the reporting period in which they occur. During the six months ended June 29, 2019 , there were no transfers between levels of the fair value hierarchy. Changes in Level 3 investments were as follows: December 29, 2018 Net unrealized gains Purchases, issuances and settlements Transfers in and or out of Level 3 June 29, 2019 Equity Investments $ 5,565,499 $ 775,500 $ 2,500,000 $ — $ 8,840,999

INVENTORY (Tables)

INVENTORY (Tables)	6 Months Ended
	Jun. 29, 2019
Inventory Disclosure [Abstract]
Inventory Stated at the Lower of Cost or Market	and consist of the following at June 29, 2019 and December 29, 2018 : June 29, 2019 December 29, 2018 Raw materials $ 2,412,961 $ 2,548,139 Work-in-process 887,595 1,526,552 Finished goods 399,618 722,547 $ 3,700,174 $ 4,797,238

NET LOSS PER SHARE (Tables)

NET LOSS PER SHARE (Tables)	6 Months Ended
	Jun. 29, 2019
Earnings Per Share [Abstract]
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 conditions have not been met at the end of the period: Three Months Ended Six Months Ended June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Non-vested restricted common stock 2,047,374 3,442,249 2,047,374 3,442,249

STOCKHOLDERS' EQUITY AND STOC_2

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 29, 2019
Share-based Payment Arrangement [Abstract]
NonVested Restricted Common Stock	Shares Weighted Balance, December 29, 2018 2,213,249 $ 2.51 Granted 130,000 1.20 Forfeited (225,875 ) 2.97 Vested (70,000 ) 3.32 Balance, June 29, 2019 2,047,374 $ 2.35
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions	The value of restricted stock grants that vest based on market conditions is computed on the date of grant using the Monte Carlo model with the following assumptions: For the three months ended June 29, 2019 Performance price target $ 5.25 $ 6.00 $ 7.00 Expected volatility 48.3 % 48.3 % 48.3 % Interest rate 1.97 % 1.97 % 1.97 % Expected life (years) 3 3 3 Dividend yield — % — % — %
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 six months ended June 29, 2019 and June 30, 2018 (no tax benefits were recognized): Three Months Ended Six Months Ended June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Cost of product revenues $ 32,107 $ 155,925 $ 64,215 $ 266,151 Research and development 83,785 193,767 188,515 468,083 Selling, general and administrative 422,582 938,682 1,101,586 1,953,555 Total $ 538,474 $ 1,288,374 $ 1,354,316 $ 2,687,789

ACCRUED WARRANTY (Tables)

ACCRUED WARRANTY (Tables)	6 Months Ended
	Jun. 29, 2019
Product Warranties Disclosures [Abstract]
Accrued Warranty	Changes in the accrued warranty for the six months ended June 29, 2019 were as follows: Balance, December 29, 2018 $ 571,000 Additions 290,000 Claims (326,000 ) Balance, June 29, 2019 $ 535,000

CONTRACT ASSETS AND LIABILITI_2

CONTRACT ASSETS AND LIABILITIES (Tables)	6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018
Contract Assets and Contract Liabilities [Abstract]
Contract with Customer, Asset and Liability	Net contract assets (liabilities) consisted of the following: June 29, 2019 December 29, 2018 $ Change % Change Contract assets—current $ 1,222,605 $ 3,089,663 $ (1,867,058 ) (60 )% Contract liabilities—current (1,227,198 ) (388,933 ) (838,265 ) 216 % Contract liabilities—noncurrent (14,813 ) (17,294 ) 2,481 (14 )% Net contract (liabilities) assets $ (19,406 ) $ 2,683,436 $ (2,702,842 ) (101 )%
Satisfaction of Performance Obligations		The Company's revenue recognition related to performance obligations that were satisfied at a point in time and over time were as follows: Three Months Ended Six Months Ended June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Point in time 78 % 59 % 75 % 63 % Over time 22 % 41 % 25 % 37 %

LEASES AND COMMITMENTS (Tables)

LEASES AND COMMITMENTS (Tables)	6 Months Ended
	Jun. 29, 2019
Commitments and Contingencies Disclosure [Abstract]
Lease, Cost	The components of lease expense were as follows: Three Months Ended Six Months Ended June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Operating lease cost $ 308,080 $ 359,574 $ 603,565 $ 716,402
Lessee, Operating Lease, Liability, Maturity	At June 29, 2019 , the Company's future lease payments under non-cancellable leases were as follows: 2019 (excluding the six months ended June 29, 2019) $ 599,762 2020 1,220,272 2021 1,028,781 2022 654,473 2023 201,333 Thereafter — Total future lease payments 3,704,621 Less imputed interest (373,355 ) Total $ 3,331,266
Operating Lease Payments Recognized in Consolidated Balance Sheets	The Company's lease liabilities recognized in the Company's condensed consolidated balance sheets at June 29, 2019 was as follows: June 29, 2019 Operating lease liabilities—current $ 1,017,234 Operating lease liabilities—noncurrent 2,314,032 Total lease liabilities $ 3,331,266
Other Information Related to Operating Leases	Supplemental cash flow information related to leases was as follows: Six months ended June 29, 2019 Cash paid for amounts included in the measurement of operating lease liabilities $ 602,166 Right-of-use assets obtained in exchange for new operating lease obligations 489,252 Other information related to leases was as follows: June 29, 2019 Weighted Average Discount Rate—Operating Leases 6.16 % Weighted Average Remaining Lease Term—Operating Leases (in years) 3.8
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Prior to December 30, 2018, the Company accounted for its leases in accordance with Topic 840, Leases . At December 29, 2018, the Company was committed under operating leases for buildings, office space and equipment, which expired at various dates. As previously disclosed in our Annual Report on Form 10-K for the fiscal year ended December 29, 2018 and under previous lease guidance, future minimum lease payments under non-cancelable operating leases as of December 29, 2018 were as follows: Fiscal year ending, Amount 2019 $ 1,210,000 2020 1,112,000 2021 921,000 2022 616,000 2023 201,000 Thereafter — Total $ 4,060,000

SEGMENTS AND GEOGRAPHICAL INF_2

SEGMENTS AND GEOGRAPHICAL INFORMATION (Tables)	6 Months Ended
	Jun. 29, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Segment financial results were as follows: Three Months Ended Six Months Ended Total Revenue (in thousands) June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Kopin $ 7,673 $ 4,405 $ 11,129 $ 7,403 Industrial 1,647 1,948 4,224 4,604 Eliminations (210 ) (409 ) (700 ) (409 ) Total $ 9,110 $ 5,944 $ 14,653 $ 11,598 Three Months Ended Six Months Ended Total Intersegment Revenue (in thousands) June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Kopin $ — $ — $ — $ — Industrial 210 409 700 409 Total $ 210 $ 409 $ 700 $ 409 Three Months Ended Six Months Ended Net Loss Attributable to Kopin (in thousands) June 29, 2019 June 30, 2018 June 29, 2019 June 30, 2018 Kopin $ (4,153 ) $ (8,844 ) $ (16,047 ) $ (14,834 ) Industrial (107 ) (397 ) 456 57 Total $ (4,260 ) $ (9,241 ) $ (15,591 ) $ (14,777 ) Total Assets (in thousands) June 29, 2019 December 29, 2018 Kopin $ 50,944 $ 50,995 Industrial 7,414 8,554 Total $ 58,358 $ 59,549
Long-lived Assets by Geographic Areas	Total long-live assets by country at June 29, 2019 and December 29, 2018 were: Total Long-lived Assets (in thousands) June 29, 2019 December 29, 2018 U.S. $ 1,763 $ 2,101 United Kingdom 179 197 China 51 251 Japan 36 50 Total $ 2,029 $ 2,599
Percentage of Net Revenues by Geographies	uring the three and six months ended June 29, 2019 and June 30, 2018
Segment Information by Revenue Type	es: Three Months Ended June 29, 2019 Kopin Industrial Total (In thousands, except percentages) Revenue % of Total Revenue % of Total Revenue % of Total United States $ 2,164 24 % $ 441 5 % $ 2,605 29 % Other Americas 7 — — — 7 — Total Americas 2,171 24 441 5 2,612 29 Asia-Pacific 5,171 57 646 7 5,817 64 Europe 331 3 340 4 671 7 Other — — 10 — 10 — Total Revenues $ 7,673 84 % $ 1,437 16 % $ 9,110 100 % Three Months Ended June 30, 2018 Kopin Industrial Total (In thousands, except percentages) Revenue % of Total Revenue % of Total Revenue % of Total United States $ 2,950 50 % $ 608 10 % $ 3,558 60 % Other Americas 26 — 18 — 44 1 Total Americas 2,976 50 626 11 3,602 61 Asia-Pacific 987 17 468 8 1,455 25 Europe 442 7 425 7 867 14 Other — — 20 — 20 — Total Revenues $ 4,405 74 % $ 1,539 26 % $ 5,944 100 % Six Months Ended June 29, 2019 Kopin Industrial Total (In thousands, except percentages) Revenue % of Total Revenue % of Total Revenue % of Total United States $ 4,191 29 % $ 820 6 % $ 5,011 35 % Other Americas 18 — 7 — 25 — Total Americas 4,209 29 827 6 5,036 35 Asia-Pacific 6,203 42 1,487 10 7,690 52 Europe 717 5 1,200 8 1,917 13 Other — — 10 — 10 — Total Revenues $ 11,129 76 % $ 3,524 24 % $ 14,653 100 % Six Months Ended June 30, 2018 Kopin Industrial Total (In thousands, except percentages) Revenue % of Total Revenue % of Total Revenue % of Total United States $ 5,160 44 % $ 1,994 17 % $ 7,154 61 % Other Americas 28 — 22 — 50 — Total Americas 5,188 44 2,016 17 7,204 61 Asia-Pacific 1,467 14 1,161 10 2,628 24 Europe 748 6 995 9 1,743 15 Other — — 23 — 23 — Total Revenues $ 7,403 64 % $ 4,195 36 % $ 11,598 100 % During the three and six months ended June 29, 2019 and June 30, 2018

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 29, 2019
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	During the three and six month periods ended June 29, 2019 and June 30, 2018 , the Company had the following transactions with related parties: Three Months Ended June 29, 2019 June 30, 2018 Sales Purchases Sales Purchases Goertek $ — $ — $ — $ 78,905 RealWear, Inc. 4,667,258 — 261,605 — $ 4,667,258 $ — $ 261,605 $ 78,905 Six Months Ended June 29, 2019 June 30, 2018 Sales Purchases Sales Purchases Goertek $ — $ 1,246,077 $ — $ 298,909 RealWear, Inc. 5,192,644 — 512,956 — $ 5,192,644 $ 1,246,077 $ 512,956 $ 298,909 The Company had the following receivables, contract assets and payables with related parties: June 29, 2019 December 29, 2018 Receivables Contract assets Payables Receivables Contract assets Payables Goertek $ — $ — $ 873,923 $ — $ — $ 207,530 RealWear, Inc. 2,060,537 400,000 — 1,041,334 400,000 — $ 2,060,537 $ 400,000 $ 873,923 $ 1,041,334 $ 400,000 $ 207,530

BASIS OF PRESENTATION Basis of

BASIS OF PRESENTATION Basis of Presentation (Details) - USD ($) $ / shares in Units, shares in Millions	Apr. 10, 2019	Mar. 15, 2019	Jun. 29, 2019	Mar. 30, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 29, 2019	Jun. 30, 2018	Dec. 29, 2018
Basis of Presentation [Abstract]
Net (loss) income			$ (4,237,024)	$ (11,319,910)	$ (9,246,673)	$ (5,472,104)	$ (15,556,934)	$ (14,718,777)	$ 35,800,000
Net cash used in operating activities							(11,378,780)	$ (13,207,852)	$ 28,200,000
Sale of registered stock (in shares)	0.7
Proceeds from sale of equity, gross	$ 800,000	$ 8,000,000
Shares issued (in usd per share)	$ 1.10	$ 1.10
Cash and cash equivalents and marketable debt securities			$ 31,600,000				$ 31,600,000

ACCOUNTING STANDARDS - Adoption

ACCOUNTING STANDARDS - Adoption of Accounting Standards (Details) - USD ($)	Jun. 29, 2019	Dec. 30, 2018	Dec. 29, 2018
Leases [Abstract]
Operating lease right-of-use assets	$ 3,242,146	$ 3,700,000	$ 0
Lease liability	3,331,266	3,800,000
Operating lease liabilities—current	$ 1,017,234	$ 1,000,000	$ 0

CASH AND EQUIVALENTS AND MARK_3

CASH AND EQUIVALENTS AND MARKETABLE SECURITIES (Details) - USD ($)	Jun. 29, 2019	Dec. 29, 2018
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 19,434,537	$ 23,239,502
Unrealized Losses	(14,308)	(321,486)
Fair Value	19,420,229	22,918,016
Debt Securities, Available-for-sale, Fair Value, Fiscal Year Maturity [Abstract]
Less than One year	4,668,623
One to Five years	14,751,606
Total	19,420,229
U.S. government and agency backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	10,306,091	13,064,418
Unrealized Losses	(10,895)	(253,495)
Fair Value	10,295,196	12,810,923
Debt Securities, Available-for-sale, Fair Value, Fiscal Year Maturity [Abstract]
Less than One year	999,210
One to Five years	9,295,986
Total	10,295,196
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	9,128,446	10,175,084
Unrealized Losses	(3,413)	(67,991)
Fair Value	9,125,033	$ 10,107,093
Debt Securities, Available-for-sale, Fair Value, Fiscal Year Maturity [Abstract]
Less than One year	3,669,413
One to Five years	5,455,620
Total	$ 9,125,033

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($)	6 Months Ended
	Jun. 29, 2019	Dec. 29, 2018	Jun. 30, 2018
Fair Value Measurements [Line Items]
Financial instrument fair value	$ 40,695,888	$ 43,097,888
Level 1
Fair Value Measurements [Line Items]
Financial instrument fair value	12,434,660	14,614,373
Level 2
Fair Value Measurements [Line Items]
Financial instrument fair value	19,420,229	22,918,016
Level 3
Fair Value Measurements [Line Items]
Financial instrument fair value	8,840,999	5,565,499
Equity Investment One | Level 3
Fair Value Measurements [Line Items]
Unrealized Gain (Loss) on Securities	100,000
Financial instrument fair value	$ 3,600,000
Percentage Owned of an Equity Investment	11.40%
Cash and Cash Equivalents
Fair Value Measurements [Line Items]
Financial instrument fair value	$ 12,134,526	14,326,347
Cash and Cash Equivalents | Level 1
Fair Value Measurements [Line Items]
Financial instrument fair value	12,134,526	14,326,347
Cash and Cash Equivalents | Level 3
Fair Value Measurements [Line Items]
Financial instrument fair value	0	0
U.S. Government Securities
Fair Value Measurements [Line Items]
Financial instrument fair value	10,295,196	12,810,923
U.S. Government Securities | Level 1
Fair Value Measurements [Line Items]
Financial instrument fair value	0	0
U.S. Government Securities | Level 2
Fair Value Measurements [Line Items]
Financial instrument fair value	10,295,196	12,810,923
U.S. Government Securities | Level 3
Fair Value Measurements [Line Items]
Financial instrument fair value	0	0
Corporate debt
Fair Value Measurements [Line Items]
Financial instrument fair value	9,125,033	10,107,093
Corporate debt | Level 2
Fair Value Measurements [Line Items]
Financial instrument fair value	9,125,033	10,107,093
Corporate debt | Level 3
Fair Value Measurements [Line Items]
Financial instrument fair value	0	0
Equity Investments
Fair Value Measurements [Line Items]
Financial instrument fair value	9,141,133	5,853,525
Equity Investments | Level 1
Fair Value Measurements [Line Items]
Financial instrument fair value	300,134	288,026
Equity Investments | Level 2
Fair Value Measurements [Line Items]
Financial instrument fair value	0	0
Equity Investments | Level 3
Fair Value Measurements [Line Items]
Financial instrument fair value	8,840,999	5,565,499
RealWear, Inc. | Level 3
Fair Value Measurements [Line Items]
Unrealized Gain (Loss) on Securities	$ 800,000
Financial instrument fair value		$ 5,200,000
Percentage Owned of an Equity Investment			15.00%

FAIR VALUE MEASUREMENTS - Trans

FAIR VALUE MEASUREMENTS - Transfers Between Levels of Fair Value Hierarchy (Details)	6 Months Ended
	Jun. 29, 2019USD ($)
Transfers Between Levels of Fair Value
Financial instrument fair value	$ 43,097,888
Financial instrument fair value	40,695,888
Level 3
Transfers Between Levels of Fair Value
Financial instrument fair value	5,565,499
Financial instrument fair value	8,840,999
Equity Investments | Level 3
Transfers Between Levels of Fair Value
Financial instrument fair value	5,565,499
Purchases, issuances and settlements	2,500,000
Transfers in and or out of Level 3	0
Financial instrument fair value	8,840,999
Equity Investment One | Level 3
Transfers Between Levels of Fair Value
Net unrealized gains	$ 775,500

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($)	6 Months Ended
	Jun. 29, 2019	May 31, 2019	Dec. 29, 2018	Jun. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instrument fair value	$ 40,695,888		$ 43,097,888
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instrument fair value	8,840,999		5,565,499
Equity Investments | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial instrument fair value	8,840,999		5,565,499
Equity Investment One | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net unrealized gains	775,500
RealWear, Inc. | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Percentage Owned of an Equity Investment				15.00%
Financial instrument fair value			$ 5,200,000
Shares Acquired in an Equity Security		368,732
Equity Securities, FV-NI		$ 2,500,000
Unrealized Gain (Loss) on Securities	$ 800,000
Equity Investment One | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Payments to acquire an equity investment				$ 1,000,000
Percentage Owned of an Equity Investment	11.40%
Financial instrument fair value	$ 3,600,000
Unrealized Gain (Loss) on Securities	$ 100,000

INVENTORY (Details)

INVENTORY (Details) - USD ($)	Jun. 29, 2019	Dec. 29, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 2,412,961	$ 2,548,139
Work-in-process	887,595	1,526,552
Finished goods	399,618	722,547
Inventory	$ 3,700,174	$ 4,797,238

NET LOSS PER SHARE (Details)

NET LOSS PER SHARE (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Non-vested restricted common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Non-vested restricted common stock (in shares)	2,047,374	3,442,249	2,047,374	3,442,249

STOCKHOLDERS' EQUITY AND STOC_3

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION (Details) - USD ($)	Apr. 10, 2019	Mar. 15, 2019	Jun. 29, 2019	Dec. 30, 2017	Dec. 29, 2018
Class of Warrant or Right [Line Items]
Sale of registered stock (in shares)	700,000
Proceeds from sale of equity, gross	$ 800,000	$ 8,000,000
Shares issued (in usd per share)	$ 1.10	$ 1.10
Noncontrolling interest ownership percentage	0.80%	8.90%
Weighted average grant date fair value (in usd per shares)					$ 1,700,000
Restricted Stock
Class of Warrant or Right [Line Items]
Unrecognized compensation cost related to nonvested stock awards			$ 1,900,000
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 One | Restricted Stock
Class of Warrant or Right [Line Items]
Equity instruments granted in period (in shares)				640,000
Award vesting period				20 days
Vesting market price (in usd per share)				$ 5.25
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 Two | Restricted Stock
Class of Warrant or Right [Line Items]
Equity instruments granted in period (in shares)				150,000
Award vesting period				20 days
Vesting market price (in usd per share)				$ 6
Share-based Compensation Award, Tranche Three
Class of Warrant or Right [Line Items]
Nonvested common stock awards employment obligations (in years)			4 years
Share-based Compensation Award, Tranche Three | Restricted Stock
Class of Warrant or Right [Line Items]
Equity instruments granted in period (in shares)				150,000
Award vesting period				20 days
Vesting market price (in usd per share)				$ 7

STOCKHOLDERS' EQUITY AND STOC_4

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION - Summary of Activity for Nonvested Restricted Common Stock Awards (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 29, 2019	Dec. 30, 2017
Weighted Average Grant Fair Value
Beginning Balance (in usd per shares)	$ 1,700,000
Unvested Restricted Stock Awards
Shares
Beginning Balance (in shares)	2,213,249
Equity instruments granted in period (in shares)	130,000
Forfeited (in shares)	(225,875)
Vested (in shares)	(70,000)
Ending Balance (in shares)	2,047,374
Weighted Average Grant Fair Value
Beginning Balance (in usd per shares)	$ 2.51
Granted (in usd per shares)	1.20
Forfeited (in usd per shares)	2.97
Vested (in usd per shares)	3.32
Ending Balance (in usd per shares)	$ 2.35
Share-based Compensation Award, Tranche One | Restricted Stock
Shares
Equity instruments granted in period (in shares)		640,000
Weighted Average Grant Fair Value
Performance price target (in usd per share)		$ 5.25
Expected volatility	48.30%
Interest rate	1.97%
Expected life (years)	3 years
Dividend yield	0.00%
Share-based Compensation Award, Tranche Two | Restricted Stock
Shares
Equity instruments granted in period (in shares)		150,000
Weighted Average Grant Fair Value
Performance price target (in usd per share)		$ 6
Expected volatility	48.30%
Interest rate	1.97%
Expected life (years)	3 years
Dividend yield	0.00%
Share-based Compensation Award, Tranche Three | Restricted Stock
Shares
Equity instruments granted in period (in shares)		150,000
Weighted Average Grant Fair Value
Performance price target (in usd per share)		$ 7
Expected volatility	48.30%
Interest rate	1.97%
Expected life (years)	3 years
Dividend yield	0.00%

STOCKHOLDERS' EQUITY AND STOC_5

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION - Expense Related to Employee Stock Options and Nonvested Restricted Common Stock Awards (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	$ 538,474	$ 1,288,374	$ 1,354,316	$ 2,687,789
Cost of product revenues
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	32,107	155,925	64,215	266,151
Research and development
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	83,785	193,767	188,515	468,083
Selling, general and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	$ 422,582	$ 938,682	$ 1,101,586	$ 1,953,555

ACCRUED WARRANTY (Details)

ACCRUED WARRANTY (Details)	6 Months Ended
	Jun. 29, 2019USD ($)
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning Balance	$ 571,000
Additions	290,000
Claims	(326,000)
Ending Balance	$ 535,000
Minimum
Product Warranty Liability [Line Items]
Product Warranty Term	12 months
Extended Warranty Period	12 months
Maximum
Product Warranty Liability [Line Items]
Product Warranty Term	18 months
Extended Warranty Period	15 months
Extended Warranties
Product Warranty Liability [Line Items]
Deferred Revenue	$ 200,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (100,000)	$ (200,000)	$ (100,000)	$ (200,000)
Operating loss carryforwards	$ 210,200,000		$ 210,200,000

CONTRACT ASSETS AND LIABILITI_3

CONTRACT ASSETS AND LIABILITIES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018	Dec. 29, 2018
Satisfaction of Performance Obligations [Line Items]
Contract assets—current	$ 1,222,605		$ 1,222,605		$ 3,089,663
Contract liabilities—current	(1,227,198)		(1,227,198)		(388,933)
Contract liabilities—noncurrent	(14,813)		(14,813)		(17,294)
Net contract (liabilities) assets	(19,406)		(19,406)		$ 2,683,436
Dollar Change
Contract assets—current	(1,867,058)		(1,867,058)
Contract liabilities—current	(838,265)		(838,265)
Contract liabilities—noncurrent	2,481		2,481
Net contract (liabilities) assets	$ (2,702,842)		$ (2,702,842)
Percent Change
Contract assets—current	(60.00%)		(60.00%)
Contract liabilities—current	216.00%		216.00%
Contract liabilities—noncurrent	(14.00%)		(14.00%)
Net contract (liabilities) assets	(101.00%)		(101.00%)
Revenue recognized	$ 100,000	$ 100,000	$ 300,000
Remaining performance obligation	$ 6,300,000		$ 6,300,000
Performance obligation expected time of satisfaction		12 years		12 years
Point in time
Percent Change
Percent of product and services transfered to customer	78.00%	59.00%	75.00%	63.00%
Over time
Percent Change
Percent of product and services transfered to customer	22.00%	41.00%	25.00%	37.00%

LEASES AND COMMITMENTS (Details

LEASES AND COMMITMENTS (Details) ¥ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 29, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 29, 2019CNY (¥)	Dec. 30, 2018USD ($)	Dec. 29, 2018USD ($)
Operating Lease Liabilities Payments Due [Abstract]
2019 (excluding the six months ended June 29, 2019)	$ 599,762		$ 599,762
2020	1,220,272		1,220,272
2021	1,028,781		1,028,781
2022	654,473		654,473
2023	201,333		201,333
Thereafter	0		0
Total future lease payments	3,704,621		3,704,621
Less imputed interest	(373,355)		(373,355)
Total	3,331,266		3,331,266
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2019							$ 1,210,000
2020							1,112,000
2021							921,000
2022							616,000
2023							201,000
Thereafter							0
Total							4,060,000
Other Commitments [Line Items]
Accrued Penalty	400,000		400,000
Operating lease liabilities—current	1,017,234		1,017,234			$ 1,000,000	0
Operating lease cost	$ 308,080	$ 359,574	$ 603,565	$ 716,402
Percent of future lease commitments related to real estate leases	87.00%		87.00%		87.00%
Operating lease liabilities—noncurrent	$ 2,314,032		$ 2,314,032				$ 0
Total lease liabilities	$ 3,331,266		3,331,266			$ 3,800,000
Cash paid for amounts included in the measurement of operating lease liabilities			602,166
Right-of-use assets obtained in exchange for new operating lease obligations			$ 489,252
Weighted Average Discount Rate—Operating Leases	6.16%		6.16%		6.16%
Weighted Average Remaining Lease Term—Operating Leases (in years)	3 years 9 months 18 days		3 years 9 months 18 days		3 years 9 months 18 days
Equity Investment Three [Member]
Other Commitments [Line Items]
Payments to acquire an equity investment	$ 5,100,000		$ 5,100,000
Payments to Acquire an Equity Investment CYR | ¥					¥ 35
Percentage Owned of an Equity Investment	3.50%		3.50%		3.50%

SEGMENTS AND GEOGRAPHICAL INF_3

SEGMENTS AND GEOGRAPHICAL INFORMATION (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018	Dec. 29, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (9,110,133)	$ (5,943,898)	$ (14,653,058)	$ (11,597,518)
Net loss attributable to Kopin Corporation	(4,260,391)	$ (9,240,957)	(15,591,318)	$ (14,777,235)
Total assets	$ 58,358,097		$ 58,358,097		$ 59,549,111
Percentage of total revenue	100.00%	100.00%	100.00%	100.00%
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (2,605,000)	$ (3,558,000)	$ (5,011,000)	$ (7,154,000)
Percentage of total revenue	29.00%	60.00%	35.00%	61.00%
Other Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (7,000)	$ (44,000)	$ (25,000)	$ (50,000)
Percentage of total revenue	0.00%	1.00%	0.00%	0.00%
Total Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (2,612,000)	$ (3,602,000)	$ (5,036,000)	$ (7,204,000)
Percentage of total revenue	29.00%	61.00%	35.00%	61.00%
Asia-Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (5,817,000)	$ (1,455,000)	$ (7,690,000)	$ (2,628,000)
Percentage of total revenue	64.00%	25.00%	52.00%	24.00%
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (671,000)	$ (867,000)	$ (1,917,000)	$ (1,743,000)
Percentage of total revenue	7.00%	14.00%	13.00%	15.00%
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (10,000)	$ (20,000)	$ (10,000)	$ (23,000)
Percentage of total revenue	0.00%	0.00%	0.00%	0.00%
Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Total assets	$ 58,358,000		$ 58,358,000		59,549,000
Eliminations
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	210,000	$ 409,000	700,000	$ 409,000
Kopin
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (7,673,000)	$ (4,405,000)	$ (11,129,000)	$ (7,403,000)
Percentage of total revenue	84.00%	74.00%	76.00%	64.00%
Kopin | U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (2,164,000)	$ (2,950,000)	$ (4,191,000)	$ (5,160,000)
Percentage of total revenue	24.00%	50.00%	29.00%	44.00%
Kopin | Other Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (7,000)	$ (26,000)	$ (18,000)	$ (28,000)
Percentage of total revenue	0.00%	0.00%	0.00%	0.00%
Kopin | Total Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (2,171,000)	$ (2,976,000)	$ (4,209,000)	$ (5,188,000)
Percentage of total revenue	24.00%	50.00%	29.00%	44.00%
Kopin | Asia-Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (5,171,000)	$ (987,000)	$ (6,203,000)	$ (1,467,000)
Percentage of total revenue	57.00%	17.00%	42.00%	14.00%
Kopin | Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (331,000)	$ (442,000)	$ (717,000)	$ (748,000)
Percentage of total revenue	3.00%	7.00%	5.00%	6.00%
Kopin | Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 0	$ 0	$ 0	$ 0
Percentage of total revenue	0.00%	0.00%	0.00%	0.00%
Kopin | Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (7,673,000)	$ (4,405,000)	$ (11,129,000)	$ (7,403,000)
Net loss attributable to Kopin Corporation	(4,153,000)	(8,844,000)	(16,047,000)	(14,834,000)
Total assets	50,944,000		50,944,000		50,995,000
Kopin | Eliminations
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	0	0	0	0
Industrial
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (1,437,000)	$ (1,539,000)	$ (3,524,000)	$ (4,195,000)
Percentage of total revenue	16.00%	26.00%	24.00%	36.00%
Industrial | U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (441,000)	$ (608,000)	$ (820,000)	$ (1,994,000)
Percentage of total revenue	5.00%	10.00%	6.00%	17.00%
Industrial | Other Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 0	$ (18,000)	$ (7,000)	$ (22,000)
Percentage of total revenue	0.00%	0.00%	0.00%	0.00%
Industrial | Total Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (441,000)	$ (626,000)	$ (827,000)	$ (2,016,000)
Percentage of total revenue	5.00%	11.00%	6.00%	17.00%
Industrial | Asia-Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (646,000)	$ (468,000)	$ (1,487,000)	$ (1,161,000)
Percentage of total revenue	7.00%	8.00%	10.00%	10.00%
Industrial | Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (340,000)	$ (425,000)	$ (1,200,000)	$ (995,000)
Percentage of total revenue	4.00%	7.00%	8.00%	9.00%
Industrial | Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (10,000)	$ (20,000)	$ (10,000)	$ (23,000)
Percentage of total revenue	0.00%	0.00%	0.00%	0.00%
Industrial | Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (1,647,000)	$ (1,948,000)	$ (4,224,000)	$ (4,604,000)
Net loss attributable to Kopin Corporation	(107,000)	(397,000)	456,000	57,000
Total assets	7,414,000		7,414,000		8,554,000
Industrial | Eliminations
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	210,000	409,000	700,000	409,000
Property, Plant and Equipment
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	2,029,000		2,029,000		2,599,000
Property, Plant and Equipment | U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	1,763,000		1,763,000		2,101,000
Property, Plant and Equipment | United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	179,000		179,000		197,000
Property, Plant and Equipment | China
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	51,000		51,000		251,000
Property, Plant and Equipment | Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	36,000		36,000		$ 50,000
Military
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	(1,797,000)	(1,637,000)	(3,238,000)	(3,921,000)
Military | Kopin
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	(1,277,000)	(1,067,000)	(2,355,000)	(1,865,000)
Military | Industrial
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	(520,000)	(570,000)	(883,000)	(2,056,000)
Industrial
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	(2,135,000)	(1,220,000)	(4,638,000)	(2,979,000)
Industrial | Kopin
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	(1,218,000)	(472,000)	(2,154,000)	(1,220,000)
Industrial | Industrial
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	(917,000)	(748,000)	(2,484,000)	(1,759,000)
Consumer
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	(503,000)	(1,505,000)	(1,149,000)	(2,396,000)
Consumer | Kopin
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	(503,000)	(1,505,000)	(1,149,000)	(2,396,000)
Consumer | Industrial
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	0	0	0	0
R&D
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	(455,000)	(1,472,000)	(1,199,000)	(2,081,000)
R&D | Kopin
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	(455,000)	(1,322,000)	(1,059,000)	(1,883,000)
R&D | Industrial
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	0	(150,000)	(140,000)	(198,000)
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	0	(110,000)	(24,000)	(221,000)
Other | Kopin
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	0	(39,000)	(7,000)	(39,000)
Other | Industrial
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 0	$ (71,000)	$ (17,000)	$ (182,000)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 29, 2019	Jun. 30, 2018	Jun. 29, 2019	Jun. 30, 2018	Dec. 29, 2018
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Sales	$ 4,667,258	$ 261,605	$ 5,192,644	$ 512,956
Purchases	0	78,905	1,246,077	298,909
Receivables	2,060,537		2,060,537		$ 1,041,334
Contract assets	400,000		400,000		400,000
Payables	873,923		873,923		207,530
Goertek
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Sales	0	0	0	0
Purchases	0	78,905	1,246,077	298,909
Payables	873,923		873,923		207,530
RealWear, Inc.
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Sales	4,667,258	261,605	5,192,644	512,956
Purchases	0	$ 0	0	$ 0
Receivables	2,060,537		2,060,537		1,041,334
Contract assets	$ 400,000		$ 400,000		$ 400,000

Uncategorized Items - kopn-2019

Label	Element	Value
Common Stock [Member]
Stock Issued During Period, Shares, New Issues	us-gaap_StockIssuedDuringPeriodSharesNewIssues	706,454
Stock Issued During Period, Shares, New Issues	us-gaap_StockIssuedDuringPeriodSharesNewIssues	7,272,727