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RELATED PARTY TRANSACTIONS | 3 Months Ended
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Mar. 28, 2020
Related Party Transactions [Abstract] |
RELATED PARTY TRANSACTIONS | 14. 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 28, 2020 and March 30, 2019, the Company had the following transactions with related parties: SCHEDULE OF TRANSACTIONS WITH RELATED PARTIES
|  | Three months ended |  |  | Three months ended |
|  | March 28, 2020 |  |  | March 30, 2019 |
|  | Sales |  |  | Purchases |  |  | Sales |  |  | Purchases |
Goertek |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,246,077 |
Solos Technology |  |  | 140,068 |  |  |  | 9,000 |  |  |  | — |  |  |  | — |
RealWear, Inc. |  |  | — |  |  |  | — |  |  |  | 525,386 |  |  |  | — |
|  | $ | 140,068 |  |  | $ | 9,000 |  |  | $ | 525,386 |  |  | $ | 1,246,077 |
At March 28, 2020 and December 28, 2019, the Company had the following receivables, contract assets and payables with related parties:
|  | March 28, 2020 |  |  | December 28, 2019 |
|  | Receivables |  |  | Contract assets |  |  | Payables |  |  | Receivables |  |  | Contract assets |  |  | Payables |
Solos Technology |  | $ | 173,128 |  |  | $ | — |  |  | $ | 9,000 |  |  | $ | 283,203 |  |  |  | — |  |  |  | — |
RealWear, Inc. |  |  | 396,848 |  |  |  | — |  |  |  | — |  |  |  | 646,848 |  |  |  | — |  |  |  | — |
|  | $ | 569,976 |  |  | $ | — |  |  | $ | 9,000 |  |  | $ | 930,051 |  |  | $ | — |  |  | $ | — |

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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