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Long-Term Debt (Details) - USD ($)

9 Months Ended

Sep. 30, 2020

Dec. 31, 2019

Note payable, related party

$ 9,639,052

Note payable

$ 1,668,200

0

Subtotal

12,545,542

9,639,052

Current portion

2,021,521

1,084,072

Noncurrent portion

10,524,021

8,554,980

DGSE

Note payable, related party

4,332,187

$ 2,949,545

Subtotal

2,885,476

Interest rate

6.00%

DGSE | Related Party

Note payable, related party

$ 2,885,476

Interest rate

6.00%

Maturity

May 16, 2024

DGSE | Truist Bank

Note payable, related party

^[1]

$ 950,711

Subtotal

$ 950,711

Interest rate

3.65%

Maturity

Jul. 09, 2030

DGSE | Texas Bank and Trust

Note payable, related party

^[2]

$ 496,000

Subtotal

$ 496,000

Interest rate

3.75%

Maturity

Sep. 14, 2025

ECHG

Note payable, related party

$ 6,545,155

$ 6,689,507

Subtotal

$ 6,545,155

Interest rate

6.00%

6.00%

Maturity

May 16, 2024

[1]

On July 9, 2020, DGSE closed the purchase of a new retail building located at 610 E. Round Grove Road in Lewisville, Texas for $1.195 million. The purchase was partly financed through a $956,000, 10 year loan, bearing an annual interest rate of 3.65%, amortized over 20 years, payable to Truist Bank (f/k/a BB&T Bank). The note has monthly interest and principal payments of $5,645.

[2]

On September 14, 2020, 1106 NWH Holdings, LLC, a wholly owned subsidiary of DGSE, closed on the purchase of a new retail building located at 1106 W. Northwest Highway in Grapevine, Texas for $620,000. The purchase was partly financed through a $496,000, 5 year loan, bearing an annual interest rate of 3.75%, amortized over 20 years, payable to Texas Bank & Trust. The note has monthly interest and principal payments of $2,941.

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