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Intangibles
6 Months Ended
Jul. 02, 2016
Intangibles [Abstract]  
Intangibles
Note H – Intangibles

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)
 
2016 Gross Amount
               
Patents and developed technology
 
$
2,207,820
  
$
1,048,073
  
$
--
  
$
3,255,893
   
15.9
 
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
 
$
2,207,820
  
$
2,212,149
  
$
--
  
$
4,419,969
   
12.6
 
 
                    
 
2016 Accumulated Amortization
                    
Patents and developed technology
 
$
1,514,647
  
$
605,352
  
$
--
  
$
2,119,999
     
Customer relationships
  
--
   
134,912
   
--
   
134,912
     
Non-compete agreements
  
--
   
122,100
   
--
   
122,100
     
Intellectual property
  
--
   
92,211
   
--
   
92,211
     
Accumulated Amortization
 
$
1,514,647
  
$
954,575
  
$
--
  
$
2,469,222
     
 
                    
Net July 2, 2016 per Balance Sheet
 
$
693,173
  
$
1,257,574
  
$
--
  
$
1,950,747
     
                     
2015 Gross Amount
                    
Patents and developed technology
 
$
2,206,852
  
$
1,029,181
  
$
--
  
$
3,236,033
   
15.9
 
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
 
$
2,206,852
  
$
2,193,257
  
$
--
  
$
4,400,109
   
12.6
 
                     
2015 Accumulated Amortization
                    
Patents and developed technology
 
$
1,478,692
  
$
575,026
  
$
--
  
$
2,053,718
     
Customer relationships
  
--
   
89,941
   
--
   
89,941
     
Non-compete agreements
  
--
   
81,400
   
--
   
81,400
     
Intellectual property
  
--
   
61,474
   
--
   
61,474
     
Accumulated Amortization
 
$
1,478,692
  
$
807,841
  
$
--
  
$
2,286,533
     
                     
Net January 2, 2016 per Balance Sheet  
728,160
   
1,385,416
   
--
   
2,113,576