Net
contract assets (liabilities) consisted of the following:
SCHEDULE OF CONTRACT WITH CUSTOMER, ASSET AND LIABILITY
| | |
June 27, 2026 | | |
December 27, 2025 | |
| ASC 606 Contract assets | |
$ | 4,946,766 | | |
$ | 6,032,913 | |
| ASC 606 Current contract liabilities and billings in excess of revenue earned | |
| (6,955,245 | ) | |
| (1,168,009 | ) |
| ASC 606 Noncurrent contract liabilities | |
| (1,780 | ) | |
| (7,465 | ) |
| Grant income receivable | |
| 401,614 | | |
| — | |
| Collaboration contract assets (recorded in Prepaid expenses and other current assets) | |
| — | | |
| 98,911 | |
| Deferred grant income | |
| — | | |
| (2,688,627 | ) |
|