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INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2021
GOODWILL |
INTANGIBLE ASSETS | NOTE 8 — INTANGIBLE ASSETS Intangible assets consist of:
|  | December 31, |  |  | 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 |  |  | (269,502 | ) |  |  | (203,502 | )
Subtotal |  |  | 101,850 |  |  |  | 167,850 |
ECHG |  |  |  |  |  |  |  |
Trademarks (1) |  |  | 1,483,000 |  |  |  | 1,483,000 |
Customer Contracts (1) |  |  | 1,873,000 |  |  |  | 1,873,000 |
Trademarks/Tradenames (2) |  |  | 114,000 |  |  |  | - |
Customer Relationships (2) |  |  | 345,000 |  |  |  | - |
|  |  | 3,815,000 |  |  |  | 3,356,000 |
Less: accumulated amortization |  |  | (892,605 | ) |  |  | (531,377 | )
Subtotal |  |  | 2,922,395 |  |  |  | 2,824,623 |
Total |  | $ | 3,024,245 |  |  | $ | 2,992,473 |
(1) | Intangibles relate to the asset purchase agreement of the Echo Legacy Entities on May 20, 2019.
(2) | Intangibles relate to the CExchange Transaction on June 9, 2021.
Amortization expense was $427,228 and $401,600 for Fiscal 2021 and Fiscal 2020, respectively. The estimated aggregate amortization expense for each of the five succeeding fiscal years follows:
|  | DGSE |  |  | ECHG |  |  | Total |
2022 |  | $ | 66,000 |  |  | $ | 381,500 |  |  | $ | 447,500 |
2023 |  |  | 30,350 |  |  |  | 381,500 |  |  |  | 411,850 |
2024 |  |  | 5,500 |  |  |  | 381,500 |  |  |  | 387,000 |
2025 |  |  | - |  |  |  | 381,500 |  |  |  | 381,500 |
2026 |  |  | - |  |  |  | 381,500 |  |  |  | 381,500 |
Thereafter |  |  | - |  |  |  | 1,014,895 |  |  |  | 1,014,895 |
|  | $ | 101,850 |  |  | $ | 2,922,395 |  |  | $ | 3,024,245 |

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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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