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RELATED PARTY TRANSACTIONS | 9 Months Ended
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Sep. 25, 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 nine months ended September 25, 2021 and September 26, 2020, the Company had the following transactions with related parties: SCHEDULE OF TRANSACTIONS WITH RELATED PARTIES
|  | Three Months Ended |
|  | September 25, 2021 |  |  | September 26, 2020 |
|  | Sales |  |  | Purchases |  |  | Sales |  |  | Purchases |
Solos Technology |  | $ | — |  |  | $ | — |  |  | $ | 868 |  |  | $ | — |
HMDmd, Inc. |  |  | 262,096 |  |  |  | — |  |  |  | — |  |  |  | — |
RealWear, Inc. |  |  | 539,250 |  |  |  | — |  |  |  | 894,976 |  |  |  | 10,545 |
|  | $ | 801,346 |  |  | $ | — |  |  | $ | 895,844 |  |  | $ | 10,545 |
|  | Nine Months Ended |
|  | September 25, 2021 |  |  | September 26, 2020 |
|  | Sales |  |  | Purchases |  |  | Sales |  |  | Purchases |
Solos Technology |  | $ | — |  |  | $ | — |  |  | $ | 247,369 |  |  | $ | — |
HMDmd, Inc. |  |  | 506,986 |  |  |  | — |  |  |  | — |  |  |  | — |
RealWear, Inc. |  |  | 3,100,207 |  |  |  | — |  |  |  | 1,266,878 |  |  |  | 10,545 |
|  | $ | 3,607,193 |  |  | $ | — |  |  | $ | 1,514,204 |  |  | $ | 10,545 |
At September 25, 2021 and December 26, 2020, the Company had the following receivables, contract liabilities and payables with related parties:
|  | September 25, 2021 |  |  | December 26, 2020 |
|  | Receivables |  |  | Contract Liabilities |  |  | Payables |  |  | Receivables |  |  | Contract Assets |  |  | Payables |
RealWear, Inc. |  | $ | 277,526 |  |  | $ | — |  |  | $ | — |  |  | $ | 817,388 |  |  | $ | — |  |  | $ | — |
Solos Technology |  |  | 622 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 278,148 |  |  | $ | — |  |  | $ | — |  |  | $ | 817,388 |  |  | $ | — |  |  | $ | — |

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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