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FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Mar. 29, 2014
Fair Value Disclosures [Abstract]  
Fair Value Measurements of Financial Instruments
The following table details the fair value measurements of the Company’s financial assets:
 
 
 
Fair Value Measurement March 29, 2014 Using:
 
 
 
Level 1
 
Level 2
 
Level 3
Money Markets, Cash and Equivalents
$
14,811,610

 
$
14,811,610

 
$
—

 
$
—

U.S. Government Securities
73,500,103

 
25,013,792

 
48,486,311

 
—

Corporate Debt
4,709,186

 
—

 
4,709,186

 
—

Certificates of Deposit
13,124,923

 
—

 
13,124,923

 
—

Vuzix Corporation
1,293,773

 
1,293,773

 
—

 
—

 
$
107,439,595

 
$
41,119,175

 
$
66,320,420

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurement December 28, 2013 Using:
 
 
 
Level 1
 
Level 2
 
Level 3
Money Markets, Cash and Equivalents
$
16,756,666

 
$
16,756,666

 
$
—

 
$
—

U.S. Government Securities
68,284,392

 
16,542,003

 
51,742,389

 
—

Corporate Debt
12,984,331

 
—

 
12,984,331

 
—

Certificates of Deposit
14,703,812

 
—

 
14,703,812

 
—

Vuzix Corporation
1,433,102

 
1,433,102

 
—

 
—

 
$
114,162,303

 
$
34,731,771

 
$
79,430,532

 
$
—