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FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Sep. 27, 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 September 27, 2014 Using:
 
 
 
Level 1
 
Level 2
 
Level 3
Cash and Equivalents
$
17,049,083

 
$
17,049,083

 
$
—

 
$
—

U.S. Government Securities
59,052,803

 
19,118,477

 
39,934,326

 
—

Corporate Debt
7,535,888

 
—

 
7,535,888

 
—

Certificates of Deposit
10,367,219

 
—

 
10,367,219

 
—

Vuzix Corporation
1,222,118

 
1,222,118

 
—

 
—

GCS Holdings
181,879

 
181,879

 
—

 
—

 
$
95,408,990

 
$
37,571,557

 
$
57,837,433

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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

 
$
—