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RELATED PARTY TRANSACTIONS
 3 Months Ended
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:

 

   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   $—   $—