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FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 28, 2020

Fair Value Disclosures [Abstract]

SCHEDULE OF FAIR VALUE MEASUREMENT OF FINAL INSTRUMENTS

The following table details the fair value measurements of the Company’s financial assets:

SCHEDULE OF FAIR VALUE MEASUREMENT OF FINAL INSTRUMENTS

						Fair Value Measurement March 28, 2020 Using:
		Total				Level 1				Level 2				Level 3
Cash and Cash Equivalents		$	8,333,603			$	8,333,603			$	-			$	-
U.S. Government Securities			3,038,100				-				3,038,100				-
Corporate Debt			6,269,859				-				6,269,859				-
Equity Investments			4,346,642				244,194				-				4,102,448
		$	21,988,204			$	8,577,797			$	9,307,959			$	4,102,448

						Fair Value Measurement at December 28, 2019 Using:
		Total				Level 1				Level 2				Level 3
Cash and Cash Equivalents		$	6,029,247			$	6,029,247			$	-			$	-
U.S. Government Securities			8,296,870				-				8,296,870				-
Corporate Debt			7,456,127				-				7,456,127				-
Equity Investments			4,537,159				386,711				-				4,150,448
		$	26,319,403			$	6,415,958			$	15,752,997			$	4,150,448

SCHEDULE OF FAIR VALUE, ASSETS MEASURED ON RECURRING BASIS, UNOBSERVABLE INPUT RECONCILIATION

Transfers between levels of the fair value hierarchy are reported at the beginning of the reporting period in which they occur. Changes in Level 3 investments were as follows:

SCHEDULE OF FAIR VALUE, ASSETS MEASURED ON RECURRING BASIS, UNOBSERVABLE INPUT RECONCILIATION

		December 28, 2019				Net unrealized losses				Purchases, issuances and settlements				Transfers in and or out of Level 3				March 28, 2020
Equity Investments		$	4,537,159			$	(190,517)			$	-			$	-			$	4,346,642

X

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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