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RELATED PARTY TRANSACTIONS
 6 Months Ended
Jun. 26, 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 and six months ended June 26, 2021 and June 27, 2020, the Company had the following transactions with related parties:

 

   Three Months Ended 
   June 26, 2021   June 27, 2020 
   Sales   Purchases   Sales   Purchases 
Solos Technology  $—   $—   $106,390   $— 
HMDmd, Inc.   244,890    —    —    — 
RealWear, Inc.   1,238,072    —    371,902    — 
   $1,482,962   $—   $478,292   $— 

 

   Six Months Ended 
   June 26, 2021   June 27, 2020 
   Sales   Purchases   Sales   Purchases 
Solos Technology  $—   $—   $246,458   $— 
HMDmd, Inc.   244,890    —    —    — 
RealWear, Inc.   2,560,957    —    371,902    — 
   $2,805,847   $—   $618,360   $— 

 

At June 26, 2021 and December 26, 2020, the Company had the following receivables, contract liabilities and payables with related parties:

 

   June 26, 2021   December 26, 2020 
   Receivables   Contract Liabilities   Payables   Receivables   Contract Assets   Payables 
RealWear, Inc.  $577,151   $—   $—   $817,388   $—   $—