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BUSINESS COMBINATION AND GOODWILL (Tables)

6 Months Ended

Jul. 01, 2017

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The allocation of the purchase price is as follows:

Cash and marketable securities	$	2,600
Accounts receivable	490,700
Inventory	768,400
Other identifiable assets	46,800
Order backlog	840,000
Customer relationships	1,000,000
Developed technology	460,000
Trademark portfolio	160,000
Current liabilities	(480,500		)
Net deferred tax liabilities	(1,084,000		)
Goodwill	1,489,000
Total	$	3,693,000

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

The identified intangible assets will be amortized on a straight-line basis over the following lives, in years:

Order backlog	1
Customer relationships	2
Developed technology	2
Trademark portfolio	2

Schedule of Goodwill [Table Text Block]

A rollforward of the Company's goodwill by segment is as follows:

	Kopin				Industrial				Total
Balance, December 31, 2016	$	844,023			$	—			$	844,023
March 2017 acquisition	—				1,488,650				1,488,650
Change due to exchange rate fluctuations	27,306				—				27,306
Balance, July 1, 2017	$	871,329			$	1,488,650			$	2,359,979

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Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463

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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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-Name Accounting Standards Codification
-Topic 350
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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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