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FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 27, 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 June 27, 2015 Using:
 
Total
 
Level 1
 
Level 2
 
Level 3
Cash and Equivalents
$
16,477,501

 
$
16,477,501

 
$
—

 
$
—

U.S. Government Securities
55,465,580

 
17,501,563

 
37,964,017

 
—

Corporate Debt
6,421,028

 
—

 
6,421,028

 
—

Certificates of Deposit
9,956,453

 
—

 
9,956,453

 
—

Vuzix Corporation
2,426,404

 
2,426,404

 
—

 
—

GCS Holdings
289,006

 
289,006

 
—

 
—

 
$
91,035,972

 
$
36,694,474

 
$
54,341,498

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurement December 27, 2014 Using:
 
Total
 
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

 
$
—