Note H – Intangibles

Patents are recorded at cost and are amortized using the straight-line method over the lives of the patents. Technology and licenses are recorded at cost and are generally amortized on a straight-line basis over periods ranging from 5 to 17 years. Non-compete agreements and customer relationships are being amortized using the straight-line method over a period of 5 years. Trademarks are not amortized as their lives are deemed to be indefinite.

The gross carrying amount and accumulated amortization of amortizable intangible assets:

	Industrial Hardware Segment		Security Products Segment		Metal Products Segment		Total		Weighted-Average Amortization Period (Years)
2013 Patents and developed technology
Gross Amount:	$	2,669,756	$	1,036,742	$	5,839	$	3,712,337		16.1
Accumulated Amortization:		1,689,150		498,248		5,839		2,193,237
Net September 28, 2013 per Balance Sheet	$	980,606	$	538,494	$	-	$	1,519,100

2012 Patents and developed technology
Gross Amount:	$	2,732,307	$	1,021,409	$	5,839	$	3,759,555	15.8
Accumulated Amortization:		1,652,199		447,732		5,667		2,105,598
Net December 29, 2012 per Balance Sheet	$	1,080,108	$	573,677	$	172	$	1,653,957