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Long-Term Debt | 12 Months Ended
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Dec. 31, 2017
Debt Disclosure [Abstract] |
Debt Disclosure [Text Block] | Note 6 – Long-Term Debt Long-term debt consists of the following:
|  | December 31, |
|  | 2017 |  | 2016 |
Capital lease (1) |  | $ | 2,352 |  | $ | 13,664 |
Sub-Total |  |  | 2,352 |  |  | 13,664 |
Less Current portion capital lease |  |  | 2,352 |  |  | 12,590 |
Long-term debt |  | $ | - |  | $ | 1,074 |
| (1) | 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.
Maturities of DGSE’s long-term obligations over the next five years are as follows:
|  | Total |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | Thereafter |
Capital lease obligation |  | $ | 2,352 |  | $ | 2,352 |  | $ | - |  | $ | - |  | $ | - |  | $ | - |
Total |  | $ | 2,352 |  | $ | 2,352 |  | $ | - |  | $ | - |  | $ | - |  | $ | - |
Through a series of transactions beginning in 2010, Elemetal, NTR and Truscott became the largest shareholders of our common stock, par value $0.01 per share. On December 9, 2016, DGSE and certain Related Entities closed the transactions contemplated by the Stock Purchase Agreement dated June 20, 2016 (the “Debt Exchange Agreement”) whereby DGSE issued certain Related Entities 14,485,145 shares of Common Stock for $0.41 per share in exchange for the cancellation and forgiveness of indebtedness and trade payables of $5,938,909. Also on the same date and pursuant to the Debt Exchange Agreement, DGSE issued a warrant to purchase an additional 1,000,000 shares of Common Stock at an exercise price of $0.65 per share, exercisable within two years after December 9, 2016. Following these stock issuances the Related Entities own (71.4%) of the Common Stock (excluding shares that may be purchased upon exercise of the warrant). As of March 20, 2018, Truscott beneficially owns 47.7 % (excluding shares that may be purchased upon exercise of the warrant) and NTR beneficially owns 23.7% of the Common Stock.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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