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RELATED PARTY TRANSACTIONS
 3 Months Ended
Mar. 27, 2021
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 27, 2021 and March 28, 2020, the Company had the following transactions with related parties:

 

   Three months ended   Three months ended 
   March 27, 2021   March 28, 2020 
   Sales   Purchases   Sales   Purchases 
Solos Technology   —    —    140,068    9,000 
RealWear, Inc.   1,323,885    —    —    — 
   $1,323,885   $—   $140,068   $9,000 

 

At March 27, 2021 and December 26, 2020, the Company had the following receivables, contract assets and payables with related parties:

 

   March 27, 2021   December 26, 2020 
   Receivables   Contract assets   Receivables   Contract assets 
RealWear, Inc.  $489,276   $—   $817,388   $—