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RELATED PARTY TRANSACTIONS
3 Months Ended
Mar. 30, 2019
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS
The Company may from time to time enter into agreements with stockholders, affiliates and other companies engaged in certain aspects of the display, electronics, optical and software industries as part of our business strategy. In addition, the wearable computing product market is relatively new and there may be other technologies the Company needs to purchase from affiliates to enhance its product offering.
During the three month periods ended March 30, 2019 and March 31, 2018, the Company had the following transactions with related parties:
 
Three months ended
 
March 30, 2019
 
March 31, 2018
 
Sales
 
Purchases
 
Sales
 
Purchases
Goertek
$

 
$
1,246,077

 
$

 
$
220,004

RealWear, Inc.
525,386

 

 
251,351

 

 
$
525,386

 
$
1,246,077

 
$
251,351

 
$
220,004

The Company had the following receivables, contract assets and payables with related parties:
 
March 30, 2019
 
December 29, 2018
 
Receivables
 
Contract assets
 
Payables
 
Receivables
 
Contract assets
 
Payables
Goertek
$

 
$

 
$
892,704

 
$

 
$

 
$
207,530

RealWear, Inc.
997,620

 
400,000

 

 
1,041,334

 
400,000

 

 
$
997,620

 
$
400,000

 
$
892,704

 
$
1,041,334

 
$
400,000

 
$
207,530