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Long-Term Debt (Details) - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Debt Instrument [Line Items]    
Sub-Total $ 13,664 $ 3,918,614
Less Current portion capital lease 12,590 12,069
Less Current maturities 0 1,589,522
Long-term debt 1,074 2,317,023
Less Line of credit [1] 0 2,303,359
Long term debt less current maturities 1,074 13,664
Mortgages payable [Member]    
Debt Instrument [Line Items]    
Sub-Total [2] 0 1,589,522
Capital leases [Member]    
Debt Instrument [Line Items]    
Sub-Total [3] 13,664 25,733
NTR line of credit [Member]    
Debt Instrument [Line Items]    
Sub-Total [1] $ 0 $ 2,303,359
[1] On July 19, 2012, DGSE entered into a loan agreement with NTR Metals, LLC (“NTR”), an affiliate of DGSE’s largest stockholder 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 carried 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 Fiscal 2014. 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. On December 9, 2016, DGSE and NTR closed the transactions contemplated by stock purchase agreement dated June 20, 2016 (the “Elemetal Agreement”) whereby DGSE issued NTR 5,948,560 shares of common stock for $0.41 per share in exchange for the cancellation and forgiveness of the outstanding Obligations. As of December 31, 2016 and 2015, the outstanding balance of the NTR loan was $0 and $2,303,359, respectively.
[2] On July 11, 2006, DGSE entered into a promissory note for $2,530,000 related to the mortgage on its largest retail location in Dallas, Texas with The Ohio National Life Insurance Company. The note bore an interest rate of six and seventy one-hundredths of one percent (6.70%) per annum, with a balloon payment of approximately $1.5 million on August 1, 2016 for the outstanding balance. Monthly principal payments of $20,192 plus accrued interest were required. The note was secured by the land and building. On July 26, 2016 we sold the building for $2,250,000 resulting in net proceeds of $604,615 after the note was paid off. As of December 31, 2016 and 2015, the outstanding balance of the note was $0 and $1,589,522, respectively.
[3] On April 3, 2013, DGSE entered into a capital lease for $58,563 with Graybar Financial Services for phones at the new corporate headquarters. The non-cancelable lease agreement required an advanced payment of $2,304 and monthly payments of $1,077 for 60 months at an interest rate of 4.2% beginning in May 2013. The lease contract runs through May 2018 but with prior years extra payments the lease will be paid in full February 2018, then the equipment can be purchased for $1.