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FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Mar. 28, 2015
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 28, 2015 Using:
 
 
 
Level 1
 
Level 2
 
Level 3
Cash and Equivalents
$
12,460,936

 
$
12,460,936

 
$
—

 
$
—

U.S. Government Securities
55,740,877

 
19,065,259

 
36,675,618

 
—

Corporate Debt
6,779,034

 
—

 
6,779,034

 
—

Certificates of Deposit
12,165,349

 
—

 
12,165,349

 
—

Vuzix Corporation
1,908,957

 
1,908,957

 
—

 
—

GCS Holdings
229,673

 
229,673

 
—

 
—

 
$
89,284,826

 
$
33,664,825

 
$
55,620,001

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurement December 27, 2014 Using:
 
 
 
Level 1
 
Level 2
 
Level 3
Cash and Equivalents
$
14,635,802

 
$
14,635,802

 
$
—

 
$
—

U.S. Government Securities
57,697,142

 
21,218,340

 
36,478,802

 
—

Corporate Debt
5,970,983

 
—

 
5,970,983

 
—

Certificates of Deposit
12,555,010

 
—

 
12,555,010

 
—

Vuzix Corporation
1,500,777

 
1,500,777

 
—

 
—

GCS Holdings
180,347

 
180,347

 
—

 
—

 
$
92,540,061

 
$
37,535,266

 
$
55,004,795

 
$
—