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v3.21.1

Accrued Expenses | 12 Months Ended
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Dec. 31, 2020
Payables and Accruals [Abstract] |
Accrued Expenses | Accrued expenses consist of the following:
|  | December 31 |  |  | December 31, |
|  | 2020 |  |  | 2019 |
DGSE |  |  |  |  |  |
Accrued Interest |  | $ | 10,057 |  |  | $ | 7,374 |
Professional fees |  |  | - |  |  |  | 125,200 |
Board member fees |  |  | 7,500 |  |  |  | 7,500 |
Insurance |  |  | - |  |  |  | 30,508 |
Payroll |  |  | 155,635 |  |  |  | 157,148 |
Property tax |  |  | 26,435 |  |  |  | - |
Sales tax |  |  | 180,609 |  |  |  | 115,451 |
Other administrative expenses |  |  | 13,525 |  |  |  | - |
State income tax |  |  | - |  |  |  | 33,907 |
Subtotal |  |  | 393,761 |  |  |  | 477,088 |
ECHG |  |  |  |  |  |  |  |
Accrued Interest |  |  | 17,086 |  |  |  | 16,724 |
Professional fees |  |  | - |  |  |  | 77,900 |
Payroll |  |  | 119,327 |  |  |  | 79,342 |
Property tax |  |  | 20,500 |  |  |  | - |
Sales tax |  |  | - |  |  |  | 7,852 |
Credit card |  |  | - |  |  |  | 22,279 |
Other accrued expenses |  |  | 10,574 |  |  |  | - |
State income tax |  |  | - |  |  |  | 27,963 |
Material & shipping costs (COGS) |  |  | - |  |  |  | 207,361 |
Subtotal |  |  | 167,487 |  |  |  | 439,421 |
Envela |  |  |  |  |  |  |  |
Accrued Interest |  |  | 7,884 |  |  |  | - |
Payroll |  |  | 10,745 |  |  |  | - |
Professional fees (1) |  |  | 142,635 |  |  |  | - |
Other administrative expenses |  |  | 8,433 |  |  |  | - |
State income tax (1) |  |  | 113,379 |  |  |  | - |
Subtotal |  |  | 283,076 |  |  |  | - |
|  | $ | 844,324 |  |  | $ | 916,509 |
(1) State income tax and professional fee accruals have been recorded at the segment level in prior periods. Proceeding forward, we will allocate those expenses at the segment level but accrue the consolidated balances at the corporate level.

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + 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 210.5-02.19(a),20,24) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- References No definition available. + Details
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