RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 28, 2019

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 and nine month periods ended September 28, 2019 and September 29, 2018, the Company had the following transactions with related parties:



	Three Months Ended
	September 28, 2019				September 29, 2018
	Sales		Purchases		Sales		Purchases
Goertek	$	—	$	—	$	—	$	90,594
RealWear, Inc.	538,930		—		634,834		—
	$	538,930	$	—	$	634,834	$	90,594

	Nine Months Ended
	September 28, 2019				September 29, 2018
	Sales		Purchases		Sales		Purchases
Goertek	$	—	$	747,154	$	—	$	389,503
RealWear, Inc.	5,731,574		—		1,147,789		—
	$	5,731,574	$	747,154	$	1,147,789	$	389,503

The Company had the following receivables, contract assets and payables with related parties:



	September 28, 2019						December 29, 2018
	Receivables		Contract assets		Payables		Receivables		Contract assets		Payables
Goertek	$	—	$	—	$	—	$	—	$	—	$	207,530
RealWear, Inc.	799,250		400,000		—		1,041,334		400,000		—
	$	799,250	$	400,000	$	—	$	1,041,334	$	400,000	$	207,530