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Acquisitions
9 Months Ended
Sep. 30, 2011
Business Combinations [Abstract] 
Business Combination Disclosure [Text Block]
(7)
Acquisitions.
 
Southern Bullion Trading, LLC.  On September 14, 2011, we completed our acquisition of Southern Bullion Trading, LLC, which we refer to as SBT, in exchange for the issuance of 600,000 restricted shares of the common stock of DGSE.  SBT is one of the largest precious-metals chains in the Southeast, with twenty-two locations in Tennessee, Alabama, Georgia, North Carolina and South Carolina that buy and sell bullion, coins, paper money, pre-owned watches, diamonds and all forms of gold and silver.
 
The total purchase price has been allocated to the fair value of assets acquired and liabilities assumed as follows:
 
Goodwill
   $ 1,712,414  
Deferred tax asset
     660,955  
Property and other assets
     848,678  
Inventory
     3,415,470  
Liabilities assumed
     (2,281,517 )
Total purchase price
   $ 4,356,000  
 
In accordance with SFAS 142, the goodwill will not be amortized but instead tested for impairment in accordance with the provisions of SFAS 142 at least annually and more frequently upon the occurrence of certain events.
 
The operating results of SBT have been included in the consolidated financial statements since the acquisition date of September 14, 2011. We entered into this transaction seeing it as an opportunistic acquisition that would allow us to expand our operations and provide a platform for future growth.