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FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 28, 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 June 28, 2014 Using:
 
 
 
Level 1
 
Level 2
 
Level 3
Cash and Equivalents
$
13,305,327

 
$
13,305,327

 
$
—

 
$
—

U.S. Government Securities
64,940,511

 
22,809,054

 
42,131,457

 
—

Corporate Debt
7,534,933

 
—

 
7,534,933

 
—

Certificates of Deposit
13,118,072

 
—

 
13,118,072

 
—

Vuzix Corporation
983,267

 
983,267

 
—

 
—

 
$
99,882,110

 
$
37,097,648

 
$
62,784,462

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurement December 28, 2013 Using:
 
 
 
Level 1
 
Level 2
 
Level 3
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

 
$
—