INTANGIBLES (Tables)

12 Months Ended

Jan. 02, 2021

INTANGIBLES

Schedule of Gross Carrying Amount and Accumulated Amortization of Amortizable Intangible Assets

							Weighted-Average
	Engineered		Diversified				Amortization
	Solutions		Products		Total		Period (Years)
2020 Gross Amount
Patents and developed technology	$	7,063,510	$	386,828	$	7,450,338		9.3
Customer relationships		26,030,122		-		26,030,122		8.6
Non-compete agreements		1,107,243		-		1,107,243		4.3
Intellectual property		-		-		-
Total Gross Intangibles	$	34,200,875	$	386,828	$	34,587,703		8.6
2020 Accumulated Amortization
Patents and developed technology	$	2,262,507	$	379,893	$	2,642,400
Customer relationships		4,742,839		-		4,742,839
Non-compete agreements		106,458		-		106,458
Intellectual property		-		-		-
Accumulated Amortization	$	7,111,804	$	379,893	$	7,491,697
Net 2020 per Balance Sheet	$	27,089,071	$	6,935	$	27,096,006
2019 Gross Amount
Patents and developed technology	$	6,607,802	$	386,828	$	6,994,630		10.2
Customer relationships		23,588,675		449,706		24,038,381		9.6
Non-compete agreements		64,570		407,000		471,570		1.9
Intellectual property		-		307,370		307,370		2.0
Total Gross Intangibles	$	30,261,047	$	1,550,904	$	31,811,951		9.5
2019 Accumulated Amortization
Patents and developed technology	$	1,941,060	$	353,093	$	2,294,153
Customer relationships		1,882,781		449,706		2,332,487
Non-compete agreements		10,832		407,000		417,832
Intellectual property		-		307,369		307,369
Accumulated Amortization	$	3,834,673	$	1,517,168	$	5,351,841
Net 2019 per Balance Sheet	$	26,426,374	$	33,736	$	26,460,110