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PROPERTY AND EQUIPMENT | 9 Months Ended
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Sep. 30, 2021
PROPERTY AND EQUIPMENT |
NOTE 8 - PROPERTY AND EQUIPMENT | NOTE 8 — PROPERTY AND EQUIPMENT Property and equipment consist of the following:
|  | September 30, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
DGSE |  |  |  |  |  |
Land |  | $ | 1,640,219 |  |  | $ | 720,786 |
Building and improvements |  |  | 2,702,292 |  |  |  | 1,317,906 |
Leasehold improvements |  |  | 1,450,694 |  |  |  | 1,435,742 |
Machinery and equipment |  |  | 1,056,315 |  |  |  | 1,056,315 |
Furniture and fixtures |  |  | 526,249 |  |  |  | 504,430 |
Vehicles |  |  | 22,859 |  |  |  | 22,859 |
|  |  | 7,398,628 |  |  |  | 5,058,038 |
Less: accumulated depreciation |  |  | (2,272,620 | ) |  |  | (2,054,294 | )
Sub-Total |  |  | 5,126,008 |  |  |  | 3,003,744 |
ECHG |  |  |  |  |  |  |  |
Building and improvements |  |  | 74,162 |  |  |  | 81,149 |
Machinery and equipment |  |  | 869,244 |  |  |  | 220,417 |
Furniture and fixtures |  |  | 101,494 |  |  |  | 93,827 |
Vehicles |  |  | 86,609 |  |  |  | - |
|  |  | 1,131,509 |  |  |  | 395,393 |
Less: accumulated depreciation |  |  | (138,404 | ) |  |  | (71,058 | )
Sub-Total |  |  | 993,105 |  |  |  | 324,335 |
Envela |  |  |  |  |  |  |  |
Land |  |  | 1,106,664 |  |  |  | 1,106,664 |
Building and improvements |  |  | 2,456,324 |  |  |  | 2,456,324 |
Machinery and equipment |  |  | 23,676 |  |  |  | 5,407 |
|  |  | 3,586,664 |  |  |  | 3,568,395 |
Less: accumulated depreciation |  |  | (58,307 | ) |  |  | (7,873 | )
Sub-Total |  |  | 3,528,357 |  |  |  | 3,560,522 |
|  | $ | 9,647,470 |  |  | $ | 6,888,601 |
On July 30, 2021, DGSE closed the purchase of a new retail building located at 9166 Gaylord Parkway in Frisco, Texas for $2,215,500. The purchase was partly financed through a $1.772 million, 5 year loan, bearing an annual interest rate of 3.75%, amortized over 20 years, payable to Texas Bank and Trust. The note has monthly interest and principal payments of $10,509.

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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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