Intangibles (Tables)

3 Months Ended

Apr. 04, 2015

Intangibles [Abstract]

Gross carrying amount and accumulated amortization of amortizable intangible assets

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)
2015 Gross Amount
Patents and developed technology	$	2,431,010	$	1,029,423	$	--	$	3,460,433	15.7
Customer relationships		--		449,706		--		449,706	5.0
Non-compete agreements		--		407,000		--		407,000	5.0
Intellectual property		--		307,370		--		307,370	5.0
Total Gross Intangibles	$	2,431,010	$	2,193,499	$	--	$	4,624,509	12.7
2015 Accumulated Amortization
Patents and developed technology	$	1,617,196	$	550,668	$	--	$	2,167,864
Customer relationships		--		22,485		--		22,485
Non-compete agreements		--		20,350		--		20,350
Intellectual property		--		15,369		--		15,369
Accumulated Amortization	$	1,617,196	$	608,872	$	--	$	2,226,068
Net April 4, 2015 per Balance Sheet	$	813,814	$	1,584,627	$	--	$	2,398,441

2014 Gross Amount
Patents and developed technology	$	2,494,261	$	1,025,303	$	--	$	3,519,564	15.7
Customer relationships		--		449,706		--		449,706	5.0
Non-compete agreements		--		407,000		--		407,000	5.0
Intellectual property		--		307,370		--		307,370	5.0
Total Gross Intangibles	$	2,294,261	$	2,189,379	$	--	$	4,683,640	12.7
2014 Accumulated Amortization
Patents and developed technology	$	1,649,655	$	535,415	$	--	$	2,185,070
Customer relationships		--		--		--		--
Non-compete agreements		--		--		--		--
Intellectual property		--		--		--		--
Accumulated Amortization	$	1,649,655	$	535,415	$	--	$	2,185,070
Net January 3, 2015 per Balance Sheet	$	844,606	$	1,653,964	$	--	$	2,498,570