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Property and Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

NOTE 4 — PROPERTY AND EQUIPMENT

Property and equipment consist of the following:

		December 31,				December 31,
		2019				2018
DGSE
Land		$	55,000			$	-
Building and improvements			1,561,649				1,529,649
Machinery and equipment			1,039,013				1,039,013
Furniture and fixtures			453,699				453,699
			3,109,361				3,022,361
Less: accumulated depreciation			(1,904,948	)			(1,701,498	)
Sub-Total			1,204,413				1,320,863
Echo Entities
Building and improvements			81,149				-
Machinery and equipment			27,497				-
Furniture and fixtures			93,827				-
			202,473				-
Less: accumulated depreciation			(55,847	)			-
Sub-Total			146,626				-
		$	1,351,039			$	1,320,863

Depreciation expense was $264,021 and $251,097 for Fiscal 2019 and Fiscal 2018, respectively.

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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