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PROPERTY AND EQUIPMENT | 12 Months Ended
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Dec. 31, 2021
PROPERTY AND EQUIPMENT |
PROPERTY AND EQUIPMENT | NOTE 5 — PROPERTY AND EQUIPMENT Property and equipment consist of the following:
|  | December 31, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
DGSE |  |  |  |  |  |
Land |  | $ | 1,640,220 |  |  | $ | 720,786 |
Buildings and improvements |  |  | 2,764,529 |  |  |  | 1,317,906 |
Leasehold improvements |  |  | 1,450,695 |  |  |  | 1,435,742 |
Machinery and equipment |  |  | 1,056,315 |  |  |  | 1,056,315 |
Furniture and fixtures |  |  | 526,250 |  |  |  | 504,430 |
Vehicles |  |  | 22,859 |  |  |  | 22,859 |
|  |  | 7,460,868 |  |  |  | 5,058,038 |
Less: accumulated depreciation |  |  | (2,343,923 | ) |  |  | (2,054,294 | )
Sub-Total |  |  | 5,116,945 |  |  |  | 3,003,744 |
ECHG |  |  |  |  |  |  |  |
Leasehold improvements |  |  | 135,491 |  |  |  | 81,149 |
Machinery and equipment |  |  | 1,109,306 |  |  |  | 220,417 |
Furniture and fixtures |  |  | 145,950 |  |  |  | 93,827 |
|  |  | 1,390,747 |  |  |  | 395,393 |
Less: accumulated depreciation |  |  | (212,147 | ) |  |  | (71,058 | )
Sub-Total |  |  | 1,178,600 |  |  |  | 324,335 |
Envela |  |  |  |  |  |  |  |
Land |  |  | 1,106,664 |  |  |  | 1,106,664 |
Buildings and improvements |  |  | 2,456,324 |  |  |  | 2,456,324 |
Machinery and equipment |  |  | 23,676 |  |  |  | 5,407 |
|  |  | 3,586,664 |  |  |  | 3,568,395 |
Less: accumulated depreciation |  |  | (76,021 | ) |  |  | (7,873 | )
Sub-Total |  |  | 3,510,643 |  |  |  | 3,560,522 |
|  | $ | 9,806,188 |  |  | $ | 6,888,601 |
Depreciation expense was $498,866 and $327,026 for Fiscal 2021 and Fiscal 2020, 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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