XML 130 R30.htm IDEA: XBRL DOCUMENT v3.20.2

Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of segment reporting

The following separates DGSE and ECHG’s financial results of operations for the three months ending September 30, 2020:

		For The Three Months Ended
		September 30, 2020
		DGSE				ECHG				Consolidated
Revenue:
Sales		$	28,137,174			$	10,673,710			$	38,810,884
Cost of goods sold			24,704,214				6,943,273				31,647,487
Gross profit			3,432,960				3,730,437				7,163,397
Expenses:
Selling, general and administrative expenses			1,703,394				2,166,279				3,869,673
Depreciation and amortization			79,190				100,592				179,782
			1,782,584				2,266,871				4,049,455
Operating income (loss)			1,650,376				1,463,566				3,113,942
Other (income) expense:
Other income, net			(1,208	)			(25,746	)			(26,954	)
Interest expense			53,931				101,868				155,799
Income (loss) before income taxes			1,597,653				1,387,444				2,985,097
Income tax expense			167				106				273
Net income (loss)		$	1,597,486			$	1,387,338			$	2,984,824

The following separates DGSE and ECHG’s financial results of operations for the nine months ended September 30, 2020:

		For The Nine Months Ended
		September 30, 2020
		DGSE				ECHG				Consolidated
Revenue:
Sales		$	62,849,787			$	22,335,847			$	85,185,634
Cost of goods sold			55,437,880				12,811,819				68,249,699
Gross profit			7,411,907				9,524,028				16,935,935
Expenses:
Selling, general and administrative expenses			5,121,568				6,189,975				11,311,543
Depreciation and amortization			235,471				303,746				539,217
			5,357,039				6,493,721				11,850,760
Operating income			2,054,868				3,030,307				5,085,175
Other (income) expense:
Other income, net			(37,654	)			(82,856	)			(120,510	)
Interest expense			142,824				302,587				445,411
Income before income taxes			1,949,698				2,810,576				4,760,274
Income tax expense			12,714				22,413				35,127
Net income		$	1,936,984			$	2,788,163			$	4,725,147

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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=120311839&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=120311839&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=121556970&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 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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- References

No definition available.

+ Details

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