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INTANGIBLE ASSETS | 9 Months Ended
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Sep. 30, 2021
GOODWILL |
NOTE 9 - INTANGIBLE ASSETS | NOTE 9 — INTANGIBLE ASSETS Intangible assets consist of the following:
|  | September 30, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
DGSE |  |  |  |  |  |
Domain names |  | $ | 41,352 |  |  | $ | 41,352 |
Point of sale system |  |  | 330,000 |  |  |  | 330,000 |
|  |  | 371,352 |  |  |  | 371,352 |
Less: accumulated amortization |  |  | (253,002 | ) |  |  | (203,502 | )
Subtotal |  |  | 118,350 |  |  |  | 167,850 |
ECHG |  |  |  |  |  |  |  |
Trademarks |  |  | 1,483,000 |  |  |  | 1,483,000 |
Customer Contracts |  |  | 1,873,000 |  |  |  | 1,873,000 |
|  |  | 3,356,000 |  |  |  | 3,356,000 |
Less: accumulated amortization |  |  | (783,077 | ) |  |  | (531,377 | )
Subtotal |  |  | 2,572,923 |  |  |  | 2,824,623 |
|  | $ | 2,691,273 |  |  | $ | 2,992,473 |
The following table outlines the estimated future amortization expense related to intangible assets held as of September 30, 2021:
|  | DGSE |  |  | ECHG |  |  | Total |
2021 (excluding the nine months ending September 30, 2021) |  | $ | 16,500 |  |  | $ | 83,900 |  |  | $ | 100,400 |
2022 |  |  | 66,000 |  |  |  | 335,600 |  |  |  | 401,600 |
2023 |  |  | 30,350 |  |  |  | 335,600 |  |  |  | 365,950 |
2024 |  |  | 5,500 |  |  |  | 335,600 |  |  |  | 341,100 |
2025 |  |  | - |  |  |  | 335,600 |  |  |  | 335,600 |
Thereafter |  |  | - |  |  |  | 1,146,623 |  |  |  | 1,146,623 |
|  | $ | 118,350 |  |  | $ | 2,572,923 |  |  | $ | 2,691,273 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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