KOPIN CORP

Blank check

No

Comparable

Yes

Current state

none

Current state label

No going-concern disclosure

Direction

eased

Prior filed

2025-11-12

Prior form

10-Q

Prior state

substantial_doubt

Prior state label

Substantial doubt about ability to continue as a going concern

Source

ASC 205-40 going-concern note comparison

Why

Disclosure about the company's ability to continue as a going concern changed compared with its previous report.

New language

Pursuant to the contract terms, shipping and handling activities occur prior to the transfer of control of the Company’s products to customers and are therefore accounted for as fulfillment costs rather than as a separate performance obligation., The Company discloses the excess of revenues over amounts actually billed as Contract assets and unbilled receivables on the consolidated balance sheets.

Prior filed

2025-11-12

Prior form

10-Q

Similarity

0.517

Source

revenue recognition note comparison

Threshold

0.6

Why

The revenue recognition policy disclosure changed materially from the previous comparable filing.

Language present now, absent from the prior filing:

• Pursuant to the contract terms, shipping and handling activities occur prior to the transfer of control of the Company’s products to customers and are therefore accounted for as fulfillment costs rather than as a separate performance obligation.
• The Company discloses the excess of revenues over amounts actually billed as Contract assets and unbilled receivables on the consolidated balance sheets.

Days past due date

0

Other periodic reports filed

Yes

Routine

No

Severity

elevated

Source

Form 12b-25 (notification of late filing)

Stated reason

Kopin Corporation (the “Company”) has determined that it will be unable to file its Annual Report on Form 10-K for the year ended December 27, 2025 (the “2025 Form 10-K”) within the prescribed time period without unreasonable effort or expense. During the fourth quarter, the Company entered into certain financing transactions involving third-party investments in Kopin Corporation. These transactions involve complex technical accounting considerations, including the appropriate application of U.S. GAAP to the recognition, measurement, and presentation of such arrangements. The Company is continuing to evaluate the accounting treatment of these transactions and the related valuations…

Why

The company told the SEC it could not file a periodic report on time, using Form 12b-25.