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INTANGIBLES
12 Months Ended
Dec. 28, 2019
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: 2020 - $4,082,000; 2021 - $4,062,000; 2022 - $4,055,000; 2023 - $4,055,000 and 2024 - $3,372,000.

  
Industrial
Hardware
Segment
  
Security
Products
Segment
  
Metal
Products
Segment
  
Total
  
Weighted-Average
Amortization
Period (Years)
 
2019 Gross Amount
               
Patents and developed technology
 
$
5,375,680
  
$
1,618,950
  
$
  
$
6,994,630
   
10.2
 
Customer relationships
  
22,899,000
   
1,139,381
   
   
24,038,381
   
9.6
 
Non-compete agreements
  
12,000
   
459,570
   
   
471,570
   
1.9
 
Intellectual property
  
   
307,370
   
   
307,370
   
2.0
 
Total Gross Intangibles
 
$
28,286,680
  
$
3,525,271
  
$
  
$
31,811,951
   
9.5
 
                     
2019 Accumulated Amortization
                    
Patents and developed technology
 
$
1,505,097
  
$
789,056
  
$
  
$
2,294,153
     
Customer relationships
  
1,751,225
   
581,262
   
   
2,332,487
     
Non-compete agreements
  
800
   
417,032
   
   
417,832
     
Intellectual property
  
   
307,369
   
   
307,369
     
Accumulated Amortization
 
$
3,257,122
  
$
2,094,719
  
$
  
$
5,351,841
     
                     
Net 2019 per Balance Sheet
 
$
25,029,558
  
$
1,430,552
  
$
  
$
26,460,110
     
                     
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