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FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Apr. 01, 2017
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 April 1, 2017 Using:
 
Total
 
Level 1
 
Level 2
 
Level 3
Cash and Equivalents
$
18,393,066

 
$
18,393,066

 
$
—

 
$
—

U.S. Government Securities
34,915,268

 
6,943,660

 
27,971,608

 
—

Corporate Debt
6,832,185

 
—

 
6,832,185

 
—

Certificates of Deposit
7,610,050

 
—

 
7,610,050

 
—

GCS Holdings
261,788

 
261,788

 
—

 
—

Warrant
274,000

 
—

 
—

 
274,000

 
$
68,286,357

 
$
25,598,514

 
$
42,413,843

 
$
274,000

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurement December 31, 2016 Using:
 
Total
 
Level 1
 
Level 2
 
Level 3
Cash and Equivalents
$
15,822,495

 
$
15,822,495

 
$
—

 
$
—

U.S. Government Securities
36,091,261

 
7,144,767

 
28,946,494

 
—

Corporate Debt
7,557,029

 
—

 
7,557,029

 
—

Certificates of Deposit
17,727,111

 
—

 
17,727,111

 
—

GCS Holdings
331,454

 
331,454

 
—

 
—

 
$
77,529,350

 
$
23,298,716

 
$
54,230,634

 
$
—