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RELATED PARTY TRANSACTIONS | 3 Months Ended
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Mar. 28, 2026
Related Party Transactions [Abstract] |
RELATED PARTY TRANSACTIONS | 17. RELATED PARTY TRANSACTIONS The Company may from time to time enter into agreements with shareholders, affiliates and other companies engaged in certain aspects of the display, electronics, optical and software industries as part of the Company’s 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 in order to enhance its product offering. The Company and RealWear have entered into agreements where the Company have agreed to supply display modules to RealWear, and license certain intellectual property to RealWear. In conjunction with these agreements the Company received an equity interest in RealWear, one-time $1.5 million license fees, paid as of December 2019, and will receive royalties of future product sales. See Note 6 for a description of the Company’s investments in RealWear. As of March 28, 2026, the Company owned approximately 2.8% of RealWear. The Company has warrants to purchase shares of Preferred Stock of HMDmd. The fair value of the investment was determined to be $0.3 million as of March 28, 2026. On October 16, 2025, Theon became a related party of the Company following its equity investment in Kopin Europe Limited (“Kopin Europe”), the Company’s majority-owned subsidiary, pursuant to a Subscription Agreement under which Theon subscribed for 21,281,350 ordinary shares of Kopin Europe for $8.0 million, resulting in 49% ownership of Kopin Europe. Concurrent with the Subscription Agreement, Kopin, Kopin Europe, and Theon entered into a License and Collaboration Agreement (“LCA”), together with associated side letters, establishing a framework for joint development and commercialization of multiple product categories, including the DarkWave module, DarkWave subsystem, Theon End Product, certain MicroLED displays, and OLED displays. During the three-month periods ended March 28, 2026 and March 29, 2025, the Company had the following transactions with related parties: SCHEDULE OF REVENUE WITH RELATED PARTIES
|  | Three months ended |  |  | Three months ended |
|  | March 28, 2026 |  |  | March 29, 2025 |
|  | Revenue |  |  | Purchases |  |  | Revenue |  |  | Purchases |
RealWear, Inc. |  | $ | 63,270 |  |  | $ | — |  |  | $ | 71,940 |  |  | $ | — |
HMDmd, Inc. |  |  | 16,839 |  |  |  | — |  |  |  | 447,907 |  |  |  | — |
Lightning Silicon Technology, Inc. |  |  | 1,658 |  |  |  | — |  |  |  | — |  |  |  | 38,850 |
Theon International PlC |  |  | 329,611 |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 411,378 |  |  | $ | — |  |  | $ | 519,847 |  |  | $ | 38,850 |
At March 28, 2026 and December 27, 2025, the Company had the following receivables and payables with related parties:
|  | March 28, 2026 |  |  | December 27, 2025 |
|  | Receivables |  |  | Payables |  |  | Receivables |  |  | Payables |
RealWear, Inc. |  | $ | 159,390 |  |  | $ | — |  |  | $ | 96,120 |  |  | $ | — |
HMDmd, Inc. |  |  | 16,839 |  |  |  | — |  |  |  | — |  |  |  | — |
Lightning Silicon Technology, Inc. |  |  | 1,658 |  |  |  | — |  |  |  | — |  |  |  | — |
Kopin Europe Ltd. |  |  | 4,859,350 |  |  |  | — |  |  |  | 5,057,974 |  |  |  | — |
Theon International PlC |  |  | 300,000 |  |  |  | — |  |  |  | 300,000 |  |  |  | — |
|  | $ | 5,337,237 |  |  | $ | — |  |  | $ | 5,454,094 |  |  | $ | — |

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