INTANGIBLES

12 Months Ended

Jan. 01, 2022

INTANGIBLES

INTANGIBLES

6. 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: 2022 - $4.7 million; 2023 - $4.7 million; 2024 - $3.9 million; 2025 - $3.9 million and 2026 - $3.9 million.   

			Weighted-Average
			Amortization
	2021		Period (Years)
Gross Amount
Patents and developed
technology	$	6,749,169		6.5
Customer relationships		26,040,691		5.9
Non-compete agreements		1,111,756		3.3
Total Gross Intangibles	$	33,901,616		5.9
Accumulated Amortization
Patents and developed
technology	$	2,959,782
Customer relationships		7,759,667
Non-compete agreements		318,670
Accumulated Amortization	$	11,038,119
Net 2021 per Balance Sheet	$	22,863,497
	2020
Gross Amount
Patents and developed
technology	$	7,063,510		9.3
Customer relationships		26,030,122		8.6
Non-compete agreements		1,107,243		4.3
Total Gross Intangibles	$	34,200,875		8.6
Accumulated Amortization
Patents and developed
technology	$	2,262,507
Customer relationships		4,742,839
Non-compete agreements		106,458
Accumulated Amortization	$	7,111,804
Net 2020 per Balance Sheet	$	27,089,071