XML 23 R37.htm IDEA: XBRL DOCUMENT v2.4.1.9
Long-Term Debt (Maturities of Long-Term Obligations) (Details) (USD $)
Dec. 31, 2014
Dec. 31, 2013
Debt Instrument [Line Items]    
Total $ 4,062,128us-gaap_DebtLongtermAndShorttermCombinedAmount $ 4,274,813us-gaap_DebtLongtermAndShorttermCombinedAmount
2015 142,532us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths  
2016 1,601,591us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo  
2017 2,315,949us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree  
2018 2,056us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour  
2019     
Thereafter     
Line of credit, related party [Member]    
Debt Instrument [Line Items]    
Total 2,303,359us-gaap_DebtLongtermAndShorttermCombinedAmount
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_LineOfCreditMember
[1] 2,383,359us-gaap_DebtLongtermAndShorttermCombinedAmount
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_LineOfCreditMember
[1]
2015     
2016     
2017 2,303,359us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_LineOfCreditMember
 
2018     
2019     
Thereafter     
Long-term debt and capital lease [Member]    
Debt Instrument [Line Items]    
Total 1,758,769us-gaap_DebtLongtermAndShorttermCombinedAmount
/ us-gaap_LongtermDebtTypeAxis
= dgse_LongTermDebtAndCapitalLeaseMember
 
2015 142,532us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
/ us-gaap_LongtermDebtTypeAxis
= dgse_LongTermDebtAndCapitalLeaseMember
 
2016 1,601,591us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
/ us-gaap_LongtermDebtTypeAxis
= dgse_LongTermDebtAndCapitalLeaseMember
 
2017 12,590us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
/ us-gaap_LongtermDebtTypeAxis
= dgse_LongTermDebtAndCapitalLeaseMember
 
2018 2,056us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
/ us-gaap_LongtermDebtTypeAxis
= dgse_LongTermDebtAndCapitalLeaseMember
 
2019     
Thereafter     
[1] On July 19, 2012, DGSE entered into a loan agreement with NTR Metals, LLC (“NTR”), an affiliate of DGSE's largest stockholder Elemetal, LLC (“Elemetal”), pursuant to which NTR, agreed to provide the Company a guidance line of revolving credit in an amount up to $7,500,000 (the “Loan Agreement”). The Loan Agreement anticipated termination–at which point all amounts outstanding thereunder would be due and payable (such amounts, the “Obligations”)–upon the earlier of: (i) August 1, 2014; (ii) the date that is twelve months after the Company receives notice from NTR demanding the repayment of the Obligations; (iii) the date the Obligations are accelerated in accordance with the terms of the Loan Agreement; or (iv) the date on which the commitment terminates under the Loan Agreement. In connection with the Loan Agreement, the Company granted a security interest in the respective personal property of each of its subsidiaries. The loan carries an interest rate of two percent (2%) per annum for all funds borrowed pursuant to the Loan Agreement. Proceeds received by the Company pursuant to the terms of the Loan Agreement were used for repayment of all outstanding financial obligations incurred in connection with that certain Loan Agreement, dated as of December 22, 2005, between the Company and Texas Capital Bank, and additional proceeds have been used as working capital in the ordinary course of business. The Company incurred debt issuance costs associated with the Loan Agreement totaling $56,150. The debt issuance costs were included in other assets in the accompanying consolidated balance sheet and were amortized to interest expense on a straight-line basis over two years, and have been completely amortized as of the current year. On February 25, 2014, we entered into a one-year extension of the Loan Agreement with NTR, extending the termination date to August 1, 2015, and on February 4, 2015, we entered into an additional two-year extension, extending the termination date to August 1, 2017. No debt issuance costs were incurred in relation to these extensions. All other terms of the agreement remain the same. As of December 31, 2014, the outstanding balance of the NTR loan was $2,303,359.