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)
2014 Patents and developed technology
Gross Amount:	$	2,658,566	$	1,051,805	$	-	$	3,710,371		15.8
Accumulated Amortization:		1,730,696		542,986		-		2,273,682
Net June 28, 2014 per Balance Sheet	$	927,870	$	508,819	$	-	$	1,436,689

2013 Patents and developed technology
Gross Amount:	$	2,595,931	$	1,041,250	$	-	$	3,710,371	16.0
Accumulated Amortization:		1,676,440		503,238		-		2,273,682
Net December 28, 2013 per Balance Sheet	$	919,491	$	538,012	$	-	$	1,457,503