INTANGIBLES

12 Months Ended

Dec. 29, 2018

INTANGIBLES [Abstract]

INTANGIBLES

5. INTANGIBLES

Trademarks are not amortized as their lives are deemed to be indefinite.  Total amortization expense for each of the next five years is estimated to be as follows: 2019 - $1,211,000; 2020 - $958,000; 2021 - $937,000; 2022 - $931,000 and 2023 - $987,000.

	IndustrialHardware Segment		SecurityProducts Segment		MetalProducts Segment		Total		Weighted-Average Amortization Period (Years)
2018 Gross Amount
Patents and developed technology	$	7,884,498	$	1,648,731	$	—	$	9,533,229		10.2
Customer relationships		3,650,000		1,139,381		—		4,789,381		8.1
Non-compete agreements		—		459,570		—		459,570		4.4
Intellectual property		—		307,370		—		307,370		5.0
Total Gross Intangibles	$	11,534,498	$	3,555,052	$	—	$	15,089,550		9.2
2018 Accumulated Amortization
Patents and developed technology	$	2,448,380	$	737,276	$	—	$	3,185,656
Customer relationships		638,750		408,233		—		1,046,983
Non-compete agreements		—		329,296		—		329,296
Intellectual property		—		245,895		—		245,895
Accumulated Amortization	$	3,087,130	$	1,720,700	$	—	$	4,807,830
Net 2018 per Balance Sheet	$	8,447,368	$	1,834,352	$	—	$	10,281,720
2017 Gross Amount
Patents and developed technology	$	7,074,456	$	1,021,918	$	—	$	8,096,374		12.3
Customer relationships		3,650,000		449,706		—		4,099,706		9.5
Non-compete agreements		—		407,000		—		407,000		5.0
Intellectual property		—		307,370		—		307,370		5.0
Total Gross Intangibles	$	10,724,456	$	2,185,994	$	—	$	12,910,450		10.8

	IndustrialHardware Segment		SecurityProducts Segment		MetalProducts Segment		Total		Weighted-Average Amortization Period (Years)
2017 Accumulated Amortization
Patents and developed technology	$	2,007,418	$	630,784	$	—	$	2,638,202
Customer relationships		298,645		269,823		—		568,468
Non-compete agreements		—		244,200		—		244,200
Intellectual property		—		184,422		—		184,422
Accumulated Amortization	$	2,306,063	$	1,329,229	$	—	$	3,635,292
Net 2017 per Balance Sheet	$	8,418,393	$	856,765	$	—	$	9,275,158