Intangibles (Tables)

3 Months Ended

Apr. 01, 2017

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)
2017 Gross Amount
Patents and developed technology	$	2,166,937	$	1,046,299	$	--	$	3,213,236		15.5
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	$	2,166,937	$	2,210,375	$	--	$	4,377,312		12.3
2017 Accumulated Amortization
Patents and developed technology	$	1,550,992	$	615,671	$	--	$	2,166,663
Customer relationships		--		202,368		--		202,368
Non-compete agreements		--		183,150		--		183,150
Intellectual property		--		138,316		--		138,316
Accumulated Amortization	$	1,550,992	$	1,139,505	$	--	$	2,690,497
Net April 1, 2017 per Balance Sheet	$	615,945	$	1,070,870	$	--	$	1,686,815

2016 Gross Amount
Patents and developed technology	$	2,159,060	$	1,035,374	$	--	$	3,194,434	15.6
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	$	2,159,060	$	2,199,450	$	--	$	4,358,510	12.3
2016 Accumulated Amortization
Patents and developed technology	$	1,529,675	$	598,756	$	--	$	2,128,431
Customer relationships		--		179,882		--		179,882
Non-compete agreements		--		162,800		--		162,800
Intellectual property		--		122,948		--		122,948
Accumulated Amortization	$	1,529,675	$	1,064,386	$	--	$	2,594,061
Net December 31, 2016 per Balance Sheet	$	629,385	$	1,135,064	$	--	$	1,764,449