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SEGMENTS AND GEOGRAPHICAL INFORMATION | 9 Months Ended
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Sep. 28, 2019
Segment Reporting [Abstract] |
SEGMENTS AND GEOGRAPHICAL INFORMATION | SEGMENTS AND DISAGGREGATION OF REVENUE The Company’s chief operating decision maker is its Chief Executive Officer. The Company has determined it has two reportable segments: Industrial, which includes the operations that develop and manufacture its reflective display products and virtual reality systems for test and simulation products, and Kopin, which includes the operations that develop and manufacture its other products. Segment financial results were as follows:
| Three Months Ended |  | Nine Months Ended
Total Revenue (in thousands) | September 28, 2019 |  | September 29, 2018 |  | September 28, 2019 |  | September 29, 2018
Kopin | $ | 4,699 |  |  | $ | 3,629 |  |  | $ | 15,829 |  |  | $ | 11,033 |
Industrial | 1,885 |  |  | 1,895 |  |  | 6,109 |  |  | 6,549 |
Eliminations | (445 | ) |  | (398 | ) |  | (1,146 | ) |  | (858 | )
Total | $ | 6,139 |  |  | $ | 5,126 |  |  | $ | 20,792 |  |  | $ | 16,724 |
| Three Months Ended |  | Nine Months Ended
Total Intersegment Revenue (in thousands) | September 28, 2019 |  | September 29, 2018 |  | September 28, 2019 |  | September 29, 2018
Kopin | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Industrial | 445 |  |  | 398 |  |  | 1,146 |  |  | 858 |
Total | $ | 445 |  |  | $ | 398 |  |  | $ | 1,146 |  |  | $ | 858 |
| Three Months Ended |  | Nine Months Ended
Net Loss Attributable to Kopin (in thousands) | September 28, 2019 |  | September 29, 2018 |  | September 28, 2019 |  | September 29, 2018
Kopin | $ | (6,737 | ) |  | $ | (9,814 | ) |  | $ | (22,789 | ) |  | $ | (24,650 | )
Industrial | 112 |  |  | 23 |  |  | 572 |  |  | 81 |
Total | $ | (6,625 | ) |  | $ | (9,791 | ) |  | $ | (22,217 | ) |  | $ | (24,569 | )
Total Assets (in thousands) |  |  |  |  | September 28, 2019 |  | December 29, 2018
Kopin |  |  |  |  | $ | 44,099 |  |  | $ | 50,995 |
Industrial |  |  |  |  | 7,253 |  |  | 8,554 |
Total |  |  |  |  | $ | 51,352 |  |  | $ | 59,549 |
Total long-live assets by country at September 28, 2019 and December 29, 2018 were:
Total Long-lived Assets (in thousands) | September 28, 2019 |  | December 29, 2018
U.S. | $ | 1,380 |  |  | $ | 2,101 |
United Kingdom | 168 |  |  | 197 |
China | 30 |  |  | 251 |
Japan | 44 |  |  | 50 |
Total | $ | 1,622 |  |  | $ | 2,599 |
We disaggregate our revenue from contracts with customers by geographic location and by display application, as we believe it best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. During the three and nine months ended September 28, 2019 and September 29, 2018, the Company derived its sales from the following geographies:
| Three Months Ended September 28, 2019
| Kopin |  | Industrial |  | Total
(In thousands, except percentages) | Revenue |  | % of Total |  | Revenue |  | % of Total |  | Revenue |  | % of Total
United States | $ | 3,138 |  |  | 51 | % |  | $ | 315 |  |  | 5 | % |  | $ | 3,453 |  |  | 56 | %
Other Americas | 10 |  |  | — |  |  | — |  |  | — |  |  | 10 |  |  | — |
Total Americas | 3,148 |  |  | 51 |  |  | 315 |  |  | 5 |  |  | 3,463 |  |  | 56 |
Asia-Pacific | 1,431 |  |  | 23 |  |  | 876 |  |  | 14 |  |  | 2,307 |  |  | 38 |
Europe | 120 |  |  | 3 |  |  | 230 |  |  | 4 |  |  | 350 |  |  | 6 |
Other | — |  |  | — |  |  | 19 |  |  | — |  |  | 19 |  |  | — |
Total Revenues | $ | 4,699 |  |  | 77 | % |  | $ | 1,440 |  |  | 23 | % |  | $ | 6,139 |  |  | 100 | %
| Three Months Ended September 29, 2018
| Kopin |  | Industrial |  | Total
(In thousands, except percentages) | Revenue |  | % of Total |  | Revenue |  | % of Total |  | Revenue |  | % of Total
United States | $ | 2,427 |  |  | 47 | % |  | $ | 820 |  |  | 16 | % |  | $ | 3,247 |  |  | 63 | %
Other Americas | 14 |  |  | — |  |  | 6 |  |  | — |  |  | 20 |  |  | — |
Total Americas | 2,441 |  |  | 47 |  |  | 826 |  |  | 17 |  |  | 3,267 |  |  | 63 |
Asia-Pacific | 863 |  |  | 17 |  |  | 324 |  |  | 6 |  |  | 1,187 |  |  | 23 |
Europe | 325 |  |  | 6 |  |  | 341 |  |  | 7 |  |  | 666 |  |  | 13 |
Other | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |  |  | — |
Total Revenues | $ | 3,629 |  |  | 71 | % |  | $ | 1,497 |  |  | 29 | % |  | $ | 5,126 |  |  | 100 | %
| Nine Months Ended September 28, 2019
| Kopin |  | Industrial |  | Total
(In thousands, except percentages) | Revenue |  | % of Total |  | Revenue |  | % of Total |  | Revenue |  | % of Total
United States | $ | 7,329 |  |  | 35 | % |  | $ | 1,135 |  |  | 6 | % |  | $ | 8,464 |  |  | 41 | %
Other Americas | 28 |  |  | — |  |  | 7 |  |  | — |  |  | 35 |  |  | — |
Total Americas | 7,357 |  |  | 35 |  |  | 1,142 |  |  | 6 |  |  | 8,499 |  |  | 41 |
Asia-Pacific | 7,634 |  |  | 37 |  |  | 2,363 |  |  | 11 |  |  | 9,997 |  |  | 48 |
Europe | 838 |  |  | 4 |  |  | 1,430 |  |  | 7 |  |  | 2,268 |  |  | 11 |
Other | — |  |  | — |  |  | 28 |  |  | — |  |  | 28 |  |  | — |
Total Revenues | $ | 15,829 |  |  | 76 | % |  | $ | 4,963 |  |  | 24 | % |  | $ | 20,792 |  |  | 100 | %
| Nine Months Ended September 29, 2018
| Kopin |  | Industrial |  | Total
(In thousands, except percentages) | Revenue |  | % of Total |  | Revenue |  | % of Total |  | Revenue |  | % of Total
United States | $ | 7,586 |  |  | 45 | % |  | $ | 2,814 |  |  | 17 | % |  | $ | 10,400 |  |  | 62 | %
Other Americas | 43 |  |  | — |  |  | 29 |  |  | — |  |  | 72 |  |  | — |
Total Americas | 7,629 |  |  | 45 |  |  | 2,843 |  |  | 17 |  |  | 10,472 |  |  | 62 |
Asia-Pacific | 2,331 |  |  | 15 |  |  | 1,484 |  |  | 9 |  |  | 3,815 |  |  | 24 |
Europe | 1,073 |  |  | 6 |  |  | 1,336 |  |  | 8 |  |  | 2,409 |  |  | 14 |
Other | — |  |  | — |  |  | 28 |  |  | — |  |  | 28 |  |  | — |
Total Revenues | $ | 11,033 |  |  | 66 | % |  | $ | 5,691 |  |  | 34 | % |  | $ | 16,724 |  |  | 100 | %
During the three and nine months ended September 28, 2019 and September 29, 2018, the Company derived its sales from the following display applications:
| Three Months Ended September 28, 2019 |  | Three Months Ended September 29, 2018
(In thousands) | Kopin |  | Industrial |  | Total |  | Kopin |  | Industrial |  | Total
Military | $ | 1,661 |  |  | $ | 307 |  |  | $ | 1,968 |  |  | $ | 582 |  |  | $ | 917 |  |  | $ | 1,499 |
Industrial | 1,590 |  |  | 1,035 |  |  | 2,625 |  |  | 721 |  |  | 562 |  |  | 1,283 |
Consumer | 360 |  |  | — |  |  | 360 |  |  | 816 |  |  | — |  |  | 816 |
Other | 2 |  |  | — |  |  | 2 |  |  | 28 |  |  | 17 |  |  | 45 |
R&D | 1,086 |  |  | 98 |  |  | 1,184 |  |  | 1,482 |  |  | 1 |  |  | 1,483 |
License and royalties | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total Revenues | $ | 4,699 |  |  | $ | 1,440 |  |  | $ | 6,139 |  |  | $ | 3,629 |  |  | $ | 1,497 |  |  | $ | 5,126 |
| Nine Months Ended September 28, 2019 |  | Nine Months Ended September 29, 2018
(In thousands) | Kopin |  | Industrial |  | Total |  | Kopin |  | Industrial |  | Total
Military | $ | 4,017 |  |  | $ | 1,190 |  |  | $ | 5,207 |  |  | $ | 2,448 |  |  | $ | 2,972 |  |  | $ | 5,420 |
Industrial | 3,744 |  |  | 3,518 |  |  | 7,262 |  |  | 1,941 |  |  | 2,320 |  |  | 4,261 |
Consumer | 1,510 |  |  | — |  |  | 1,510 |  |  | 3,213 |  |  | — |  |  | 3,213 |
Other | 8 |  |  | 17 |  |  | 25 |  |  | 68 |  |  | 199 |  |  | 267 |
R&D | 2,214 |  |  | 238 |  |  | 2,452 |  |  | 3,363 |  |  | 200 |  |  | 3,563 |
License and royalties | 4,336 |  |  | — |  |  | 4,336 |  |  | — |  |  | — |  |  | — |
Total Revenues | $ | 15,829 |  |  | $ | 4,963 |  |  | $ | 20,792 |  |  | $ | 11,033 |  |  | $ | 5,691 |  |  | $ | 16,724 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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