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SEGMENTS AND DISAGGREGATION OF REVENUE
 3 Months Ended
Mar. 28, 2026
Segment Reporting [Abstract]  
SEGMENTS AND DISAGGREGATION OF REVENUE

14. SEGMENTS AND DISAGGREGATION OF REVENUE

 

Operating segments are defined as components of an entity for which separate financial information is available and that is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s CODM is its President and Chief Executive Officer. The Company has determined that it operates in one operating segment and one reportable segment, as the CODM reviews financial information presented on a consolidated basis for purposes of making operating decisions, allocating resources, and evaluating financial performance.

 

The CODM assesses performance and decides how to allocate resources and make operating decisions based on revenues, loss from operations, and net loss that are reported on the Consolidated Statements of Operations. These metrics are also used to monitor budget versus actual results. The measure of segment assets is reported on the Consolidated Balance Sheets as total assets. Revenues, expenses, and assets requiring disclosure in accordance with ASC 280, Segment Reporting, are also included in the accompanying Condensed Consolidated Financial Statements. See the Condensed Consolidated Statements of Operations for the three months ended March 28, 2026 and March 29, 2025 and the Consolidated Balance Sheets as of March 28, 2026 and December 27, 2025, for details.

 

Total long-lived assets by country at March 28, 2026 and December 27, 2025 were:

 

Total Long-lived Assets  March 28, 2025   December 27, 2025 
United States  $5,000,404   $4,105,034 

 

The Company disaggregates its revenue from contracts with customers by geographic location and by display application, as it believes this best depicts how the nature, amount, timing and uncertainty of its revenue and cash flows are affected by economic factors.

 

During the three months ended March 28, 2026 and March 29, 2025, the Company derived its sales from the following geographies:

 

   March 28, 2026   March 29, 2025 
  Revenue   % of Total   Revenue   % of Total 
United States  $10,070,866    96%  $10,051,093    96%
Other Americas   49,935    —    11,090    — 
Total Americas   10,120,801    96    10,063,043    96 
Asia – Pacific   70,970    1    258,191    2 
Europe   359,599    3    217,258    2 
Total Revenues  $10,551,370    100%  $10,538,492    100%

 

During the three months ended March 28, 2026 and March 29, 2025, the Company derived its sales from the following display applications:

 

 

Three Months Ended

March 28, 2026

  

Three Months Ended

March 29, 2025

 
Defense  $5,310,403   $8,461,353 
Industrial   64,157    391,688 
Medical   —    358,920 
Consumer and other product   50,160    17,924 
Net product revenues   5,424,720    9,229,885 
R&D   1,290,416    1,236,667 
License and royalties   64,928    71,940 
ASC 606 revenues   6,780,064    10,538,492 
Grant   3,441,695    — 
Collaboration   329,611    — 
Non ASC 606 revenues   3,771,306    — 
Total Revenues  $10,551,370   $10,538,492