XML 32 R21.htm IDEA: XBRL DOCUMENT v3.21.2
RELATED PARTY TRANSACTIONS
 9 Months Ended
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:

 

   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   $—   $—