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Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of long-term debt

			Outstanding Balance
			September 30,				December 31,				Current
			2020				2019				Interest Rate				Maturity
DGSE
Note payable, related party (1)		$	2,885,476			$	2,949,545				6.00	%			May 16, 2024
Note payable, Truist Bank (2)			950,711				—				3.65	%			July 9, 2030
Note payable, Texas Bank & Trust (3)			496,000				—				3.75	%			September 14, 2025
			4,332,187				2,949,545
ECHG
Note payable, related party (1)			6,545,155				6,689,507				6.00	%			May 16, 2024
Envela
Note payable (4)			1,668,200				—
Sub-Total			12,545,542				9,639,052
Current portion			2,021,521				1,084,072
		$	10,524,021			$	8,554,980

Schedule of long-term debt maturities of principal payments

Future scheduled principal payments of our notes payable and notes payable, related party, as of September 30, 2020 are as follows:

Note payable, related party - DGSE
Year Ending December 31,				Amount
	2020 (excluding the nine months ended September 30, 2020)			$	23,021
	2021				95,129
	2022				100,996
	2023				107,225
	2024				2,559,105
	Subtotal				2,885,476

Note payable, Truist Bank - DGSE
Year Ending December 31,				Amount
	2020 (excluding the nine months ended September 30, 2020)				8,285
	2021				33,904
	2022				35,163
	2023				36,468
	2024				37,821
	Thereafter				799,070
	Subtotal				950,711

Note payable, Texas Bank & Trust - DGSE
Year Ending December 31,				Amount
	2020 (excluding the nine months ended September 30, 2020)				4,250
	2021				17,399
	2022				18,053
	2023				18,732
	2024				19,437
	Thereafter				418,129
	Subtotal				496,000

Note payable, related party - ECHG
Year Ending December 31,				Amount
	2020 (excluding the nine months ended September 30, 2020)				51,284
	2021				211,903
	2022				224,973
	2023				238,849
	2024				5,818,146
	Subtotal				6,545,155

Note payable - Envela Corporation
Year Ending December 31,		Amount
2020 (excluding the nine months ended September 30, 2020)			1,668,200
Subtotal			1,668,200
		$	12,545,542

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

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