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SEGMENTS AND DISAGGREGATION OF REVENUE
 6 Months Ended
Jun. 27, 2026
Segment Reporting [Abstract]  
SEGMENTS AND DISAGGREGATION OF REVENUE

15. 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 and six months ended June 27, 2026 and June 28, 2025 and the Consolidated Balance Sheets as of June 27, 2026 and December 27, 2025, for details.

 

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

 

Total Long-lived Assets  June 27, 2026   December 27, 2025 
United States  $8,465,769   $4,105,034 
Long lived assets  $8,465,769   $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 and six months ended June 27, 2026 and June 28, 2025, the Company derived its sales from the following geographies:

 

   Three Months Ended   Three Months Ended   Six Months Ended   Six Months Ended 
   June 27, 2026   June 28, 2025   June 27, 2026   June 28, 2025 
   Revenue   % of Total   Revenue   % of Total   Revenue   % of Total   Revenue   % of Total 
United States  $12,326,808    97%  $8,183,644    97%  $22,397,674    96%  $18,235,596    96%
Other Americas   —    —    22,533    —    49,935    —    33,960    — 
Total Americas   12,326,808    97    8,206,177    97    22,447,609    96    18,269,556    96 
Asia – Pacific   55,998    —    118,656    1    126,968    1    376,510    2 
Europe   351,628    3    130,050    2    711,227    3    347,309    2 
Total Revenues  $12,734,434    100%  $8,454,883    100%  $23,285,804    100%  $18,993,375    100%

 

 

During the three and six months ended June 27, 2026 and June 28, 2025, the Company derived its sales from the following display applications:

 

   Three Months
Ended		   Three Months
Ended		   Six Months
Ended		   Six Months
Ended		 
   June 27, 2026   June 28, 2025   June 27, 2026   June 28, 2025 
Defense  $7,310,425   $6,222,034   $12,620,828   $14,683,387 
Industrial   20,400    1,030,977    67,718    1,422,665 
Medical   309,343    213,380    326,182    572,300 
Consumer and other product   —    32,045    50,160    49,969 
Net product revenues   7,640,168    7,498,436    13,064,888    16,728,321 
R&D   2,168,244    907,907    3,458,660    2,144,574 
License and royalties   55,998    48,540    120,926    120,480 
ASC 606 revenues   9,864,410    8,454,883    16,644,474    18,993,375 
Grant   2,598,546    —    6,040,241    — 
Collaboration   271,478    —    601,089    — 
Non ASC 606 revenues   2,870,024    —    6,641,330    — 
Total Revenues  $12,734,434   $8,454,883   $23,285,804   $18,993,375