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FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Mar. 26, 2016
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 26, 2016 Using:
 
Total
 
Level 1
 
Level 2
 
Level 3
Cash and Equivalents
$
27,635,331

 
$
27,635,331

 
$
—

 
$
—

U.S. Government Securities
46,725,591

 
15,547,936

 
31,177,655

 
—

Corporate Debt
5,027,952

 
—

 
5,027,952

 
—

Certificates of Deposit
11,494,770

 
—

 
11,494,770

 
—

GCS Holdings
389,715

 
389,715

 
—

 
—

 
$
91,273,359

 
$
43,572,982

 
$
47,700,377

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurement December 26, 2015 Using:
 
Total
 
Level 1
 
Level 2
 
Level 3
Cash and Equivalents
$
19,767,889

 
$
19,767,889

 
$
—

 
$
—

U.S. Government Securities
46,464,663

 
16,381,152

 
30,083,511

 
—

Corporate Debt
6,886,495

 
—

 
6,886,495

 
—

Certificates of Deposit
7,591,733

 
—

 
7,591,733

 
—

GCS Holdings
232,037

 
232,037

 
—

 
—

 
$
80,942,817

 
$
36,381,078

 
$
44,561,739

 
$
—