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Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting

The following segment seperates the results of Dallas Gold and Silver’s and the Echo Entity’s financial results of operations for the three months ending September 30, 2019:

		For The Three Months Ended
		September 30, 2019
		DGSE				Echo Entities				Consolidated
Revenue:
Sales		$	16,652,927			$	6,208,274			$	22,861,201
Cost of goods sold			14,634,075				3,040,672				17,674,747
Gross profit			2,018,852				3,167,602				5,186,454
Expenses:
Selling, general and administrative expenses			1,868,144				2,025,474				3,893,618
Depreciation and amortization			44,368				23,518				67,886
			1,912,512				2,048,992				3,961,504
Operating income			106,340				1,118,610				1,224,950
Other (income) expense:
Other (income) expense, net			(955	)			-				(955	)
Interest expense			46,764				101,956				148,720
Income before income taxes			60,531				1,016,654				1,077,185
Income tax expense			30,383				11,327				41,710
Net income per segment		$	30,148			$	1,005,327			$	1,035,475

The following segment seperates the results of Dallas Gold and Silver’s and the Echo Entity’s financial results of operations for the nine months ending September 30, 2019:

		For The Nine Months Ended
		September 30, 2019
		DGSE				Echo Entities				Consolidated
Revenue:
Sales		$	51,251,094			$	8,567,074			$	59,818,168
Cost of goods sold			44,743,932				4,303,985				49,047,917
Gross profit			6,507,162				4,263,089				10,770,251
Expenses:
Selling, general and administrative expenses			5,484,082				2,827,116				8,311,198
Depreciation and amortization			193,141				34,417				227,558
			5,677,223				2,861,533				8,538,756
Operating income			829,939				1,401,556				2,231,495
Other (income) expense:
Other (income) expense, net			(54,285	)			-				(54,285	)
Interest expense			106,970				133,808				240,778
Income before income taxes			777,254				1,267,748				2,045,002
Income tax expense			48,402				16,963				65,365
Net income per segment		$	728,852			$	1,250,785			$	1,979,637

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

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No definition available.

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