BASIS OF PRESENTATION (Tables)

6 Months Ended

Jun. 30, 2012

Effects of Immaterial Restatement on Consolidated Balance Sheet and Condensed Consolidated Statements of Operations

The effects of this restatement on the consolidated balance sheet as of December 31, 2011 are as follows (in thousands):

Balance Sheet Data	December 31, 2011  as previously reported			Adjustment			December 31, 2011 as restated
ASSETS
Current assets:
Cash and equivalents	$	43,095		$	—		$	43,095
Marketable debt securities, at fair value		62,323			—			62,323
Accounts receivable, net of allowance of $513,000 in 2011		16,511			—			16,511
Accounts receivable from unconsolidated affiliates		1,341			—			1,341
Unbilled receivable		36			—			36
Inventory		21,416			(947	)		20,469
Prepaid taxes		412			256			668
Prepaid expenses and other current assets		1,294			—			1,294
Total current assets		146,428			(691	)		145,737
Property, plant & equipment, net		32,369			—			32,369
Deferred tax assets		4,202			—			4,202
Goodwill		1,665			—			1,665
Intangible assets		1,954			—			1,954
Other assets		7,946			—			7,946
Total assets	$	194,564		$	(691	)	$	193,873
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	12,385			—		$	12,385
Accrued payroll and expenses		4,183			—			4,183
Accrued warranty		1,318			—			1,318
Billings in excess of revenue earned		2,467			—			2,467
Other accrued liabilities		2,127			—			2,127
Total current liabilities		22,480			—			22,480
Asset Retirement obligations		1,296			—			1,296
Commitments and contingencies					—			—
Stockholders’ equity:
Preferred stock		—			—			—
Common stock		732			—			732
Additional paid-in capital		315,710			—			315,710
Treasury stock		(30,995	)		—			(30,995	)
Accumulated other comprehensive income		4,146			—			4,146
Accumulated deficit		(124,008	)		(623	)		(124,631	)
Total Kopin Corporation stockholders’ equity		165,585			(623	)		164,962
Non controlling interest		5,203			(68	)		5,135
Total stockholder’ equity		170,788			(691	)		170,097
Total liabilities and stockholders’ equity	$	194,564		$	(691	)	$	193,873