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Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consist of:

		December 31,				December 31,
		2019				2018
DGSE
Domain names		$	41,352			$	41,352
Point of sale system			330,000				270,000
			371,352				311,352
Less: accumulated amortization			(137,502	)			(77,002	)
Subtotal			233,850				234,350
Echo Entities
Trademarks			1,483,000				-
Customer Contracts			1,873,000				-
			3,356,000				-
Less: accumulated amortization			(195,777	)			-
Subtotal			3,160,223				-
Total		$	3,394,073			$	234,350

Schedule of Estimated Amortization Expense

The estimated aggregate amortization expense for each of the five succeeding fiscal years follows:

		Fiscal year
Segment		2020				2021				2022				2023				2024
DGSE			46,770				46,770				46,770				46,770				46,770
Echo Entities			335,600				335,600				335,600				335,600				335,600
Total			382,370				382,370				382,370				382,370				382,370

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- References

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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