XML 47 R34.htm IDEA: XBRL DOCUMENT
v3.21.1

Long-Term Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt |
|  | Outstanding Balance |  |  |  |  |  |  |
|  | December 31, |  |  | December 31, |  |  | Current |  |  |  |
|  | 2020 |  |  | 2019 |  |  | Interest Rate |  |  | Maturity |
DGSE |  |  |  |  |  |  |  |  |  |  |  |
Note payable, related party (1) |  | $ | 2,863,715 |  |  | $ | 2,949,545 |  |  |  | 6.00 | % |  |  |
Note payable, Truist Bank (2) |  |  | 942,652 |  |  |  | - |  |  |  | 3.65 | % |  |  | July 9, 2030 |
Note payable, Texas Bank & Trust (3) |  |  | 491,852 |  |  |  | - |  |  |  | 3.75 | % |  |  | September 14, 2025 |
DGSE Sub-Total |  |  | 4,298,219 |  |  |  | 2,949,545 |  |  |  |  |  |  |  |  |
ECHG |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Note payable, related party (1) |  |  | 6,496,127 |  |  |  | 6,689,507 |  |  |  | 6.00 | % |  |  | May 16, 2024 |
Envela |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Note payable, Texas Bank & Trust (4) |  |  | 2,951,379 |  |  |  | - |  |  |  | 3.25 | % |  |  | November 4, 2025 |
Note payable (5) |  |  | 1,668,200 |  |  |  | - |  |  |  |  |  |  |  |  |
Envela Sub-Total |  |  | 4,619,579 |  |  |  | - |  |  |  |  |  |  |  |  |
Sub-Total |  |  | 15,413,925 |  |  |  | 9,639,052 |  |  |  |  |  |  |  |  |
Current portion |  |  | 2,120,457 |  |  |  | 1,084,072 |  |  |  |  |  |  |  |  |
|  | $ | 13,293,468 |  |  | $ | 8,554,980 |  |  |  |  |  |  |  |  |
Schedule of Long-term Debt Maturities of Principal Payments |
Note payable, related party - DGSE |  |  |
Year Ending December 31, |  | Amount |
2021 |  | $ | 95,129 |
2022 |  |  | 100,996 |
2023 |  |  | 107,225 |
2024 |  |  | 2,560,365 |
Subtotal |  | $ | 2,863,715 |
Note payable, Truist Bank - DGSE |  |  |
Year Ending December 31, |  | Amount |
2021 |  | $ | 33,904 |
2022 |  |  | 35,163 |
2023 |  |  | 36,468 |
2024 |  |  | 37,821 |
2025 |  |  | 39,216 |
Thereafter |  |  | 760,080 |
Subtotal |  | $ | 942,652 |
Note payable, Texas Bank & Trust - DGSE |  |  |
Year Ending December 31, |  | Amount |
2021 |  | $ | 17,399 |
2022 |  |  | 18,053 |
2023 |  |  | 18,732 |
2024 |  |  | 19,437 |
2025 |  |  | 418,231 |
Subtotal |  | $ | 491,852 |
Note payable, related party - ECHG |  |  |
Year Ending December 31, |  | Amount |
2021 |  | $ | 211,903 |
2022 |  |  | 224,973 |
2023 |  |  | 238,849 |
2024 |  |  | 5,820,402 |
Subtotal |  | $ | 6,496,127 |
Note payable, Texas Bank & Trust - Envela |  |  |
Year Ending December 31, |  | Amount |
2021 |  | $ | 93,922 |
2022 |  |  | 97,455 |
2023 |  |  | 101,122 |
2024 |  |  | 104,926 |
2025 |  |  | 2,553,954 |
Subtotal |  | $ | 2,951,379 |
Note payable - Envela Corporation |  |  |
Year Ending December 31, |  | Amount |
2021 |  | $ | 1,668,200 |
Subtotal |  | $ | 1,668,200 |
|  | $ | 15,413,925 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration