Note 6 - Other Assets

3 Months Ended

Mar. 31, 2012

Other Assets Disclosure [Text Block]

6.  OTHER ASSETS

Other assets consist of the following:

	Mar. 31, 2012		Oct. 1, 2011
Intangible assets, net of accumulated amortization of $138,113 (March 31, 2012)	$	3,833,635
Patents and trademarks, net of accumulated amortization of $1,673,742 (March 31, 2012) and $1,635,243 (Oct. 1, 2011)		303,433	$	310,289
Cash value of life insurance policies - Note 3		2,101,869		1,939,129
Other		609,500		350,275
	$	6,848,437	$	2,599,693

We have received a draft valuation report related to the intangibles of the MCHP acquisition and have used the valuation to record these provisional amounts and the related amortization expense for intangible assets related to trade names, non-compete agreements and customer relationships, which are being amortized over periods of 2.8 to 11.8 years. These amounts are subject to change when the valuation report is finalized.