v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 29, 2025
Dec. 28, 2024
Current assets:    
Cash and cash equivalents $ 15,331,914 $ 14,160,120
Restricted cash 1,050,000 1,050,000
Marketable securities, at fair value 16,204,336 21,419,658
Accounts receivable, net of allowance of $1,000,000 and $1,075,000 in 2025 and 2024, respectively 7,190,410 11,850,654
Contract assets 9,347,871 7,074,020
Inventory 6,059,123 6,134,096
Prepaid expenses and other current assets 1,935,609 1,153,852
Total current assets 57,119,263 62,842,400
Property, plant and equipment, net 2,382,508 2,099,708
Operating lease right-of-use assets 1,950,150 2,134,898
Other assets 123,822 123,822
Equity investments 3,460,669 3,564,938
Total assets 65,036,412 70,765,766
Current liabilities:    
Accounts payable 3,428,357 5,941,470
Accrued payroll and expenses 2,372,010 2,409,468
Accrued warranty 2,434,000 2,557,000
Contract liabilities 24,439 87,752
Operating lease liabilities 614,359 639,642
Accrued post-retirement benefits 40,000 40,000
Other accrued liabilities 423,682 685,946
Customer deposits 1,674
Accrued legal expenses 6,389,756 6,367,900
Deferred tax liabilities 415,957 414,118
Accrued litigation damages 24,800,000 24,800,000
Total current liabilities 40,944,234 43,943,296
Noncurrent contract liabilities and asset retirement obligations 367,471 358,292
Operating lease liabilities, net of current portion 1,322,730 1,479,976
Accrued post-retirement benefits, net of current portion 190,646 230,646
Other long-term liabilities, net of current portion 1,530,337 1,471,994
Total liabilities 44,355,418 47,484,204
Commitments and contingencies (Note 13) and Litigation (Note 14)
Stockholders’ equity:    
Preferred stock, par value $.01 per share: authorized, 3,000 shares; no shares issued and outstanding as of 2025 and 2024
Common stock, par value $.01 per share: authorized, 200,000,000 shares in 2025 and 2024; issued 162,748,566 shares in 2025 and 161,264,507 shares in 2024; outstanding 156,118,014 in 2025 and 2024 1,564,308 1,564,308
Additional paid-in capital 422,862,229 422,087,837
Treasury stock (312,882 shares in 2025 and 2024, at cost) (370,012) (370,012)
Accumulated other comprehensive income 1,770,932 2,032,359
Accumulated deficit (405,146,463) (402,032,930)
Total stockholders’ equity 20,680,994 23,281,562
Total liabilities and stockholders’ equity $ 65,036,412 $ 70,765,766