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v3.21.1

Property and Equipment | 12 Months Ended
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Dec. 31, 2020
Property, Plant and Equipment [Abstract] |
Property and Equipment | Property and equipment consist of the following:
|  | December 31, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
DGSE |  |  |  |  |  |
Land |  | $ | 720,786 |  |  | $ | 55,000 |
Buildings and improvements |  |  | 1,317,906 |  |  |  | - |
Leasehold improvements |  |  | 1,435,742 |  |  |  | 1,561,649 |
Machinery and equipment |  |  | 1,056,315 |  |  |  | 1,039,013 |
Furniture and fixtures |  |  | 504,430 |  |  |  | 453,699 |
Vehicles |  |  | 22,859 |  |  |  | - |
|  |  | 5,058,038 |  |  |  | 3,109,361 |
Less: accumulated depreciation |  |  | (2,054,294 | ) |  |  | (1,904,948 | )
Sub-Total |  |  | 3,003,744 |  |  |  | 1,204,413 |
ECHG |  |  |  |  |  |  |  |
Leasehold improvements |  |  | 81,149 |  |  |  | 81,149 |
Machinery and equipment |  |  | 220,417 |  |  |  | 27,497 |
Furniture and fixtures |  |  | 93,827 |  |  |  | 93,827 |
|  |  | 395,393 |  |  |  | 202,473 |
Less: accumulated depreciation |  |  | (71,058 | ) |  |  | (55,847 | )
Sub-Total |  |  | 324,335 |  |  |  | 146,626 |
Envela |  |  |  |  |  |  |  |
Land |  |  | 1,106,664 |  |  |  | - |
Buildings and improvements |  |  | 2,456,324 |  |  |  | - |
Machinery and equipment |  |  | 5,407 |  |  |  | - |
|  |  | 3,568,395 |  |  |  | - |
Less: accumulated depreciation |  |  | (7,873 | ) |  |  | - |
Sub-Total |  |  | 3,560,522 |  |  |  | - |
|  | $ | 6,888,601 |  |  | $ | 1,351,039 |
Depreciation expense was $327,026 and $264,021 for Fiscal 2020 and Fiscal 2019, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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