Obfuscation can never really work. For anyone who really wants to get at your code, it's just a speed bump. Worse, it keeps your users from fixing bugs (and shipping the fixes back to you), and makes it harder for you to diagnose problems in the field. Its a waste of your time and money.
Talk to a lawyer about intellectual property law and what your legal options are. "Open Source" does not mean "people can read the source". Instead, Open Source is a particular licensing model granting permission to freely use and modify your code. If you don't grant such a license then people copying your code are in violation and (in most of the world) you have legal options to stop them.
The only way you can really protect your code is to not ship it. Move the important code server-side and have your public Javascript code do Ajax calls to it.