XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.22.2

INTANGIBLE ASSETS | 6 Months Ended
--- | ---
Jun. 30, 2022
GOODWILL |
NOTE 8 - INTANGIBLE ASSETS | NOTE 8 — INTANGIBLE ASSETS Intangible assets consist of the following:
|  | June 30, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
DGSE |  |  |  |  |  |
Domain names |  | $ | 41,352 |  |  | $ | 41,352 |
Point of sale system |  |  | 330,000 |  |  |  | 330,000 |
|  |  | 371,352 |  |  |  | 371,352 |
Less: accumulated amortization |  |  | (302,502 | ) |  |  | (269,502 | )
Subtotal |  |  | 68,850 |  |  |  | 101,850 |
ECHG |  |  |  |  |  |  |  |
Trademarks (1) |  |  | 1,483,000 |  |  |  | 1,483,000 |
Customer Contracts (1) |  |  | 1,873,000 |  |  |  | 1,873,000 |
Trademarks/Tradenames (2) |  |  | 114,000 |  |  |  | 114,000 |
Customer Relationships (2) |  |  | 345,000 |  |  |  | 345,000 |
|  |  | 3,815,000 |  |  |  | 3,815,000 |
Less: accumulated amortization |  |  | (1,083,355 | ) |  |  | (892,605 | )
Subtotal |  |  | 2,731,645 |  |  |  | 2,922,395 |
|  | $ | 2,800,495 |  |  | $ | 3,024,245 |
(1) Intangibles relate to the Echo Transaction on May 20, 2019. (2) Intangibles relate to the CExchange Transaction on June 9, 2021. The following table outlines the estimated future amortization expense related to intangible assets held as of June 30, 2022:
|  | DGSE |  |  | ECHG |  |  | Total |
2022 (excluding the six months ending June 30, 2022) |  |  | 33,000 |  |  |  | 190,750 |  |  |  | 223,750 |
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 |
|  | $ | 68,850 |  |  | $ | 2,731,645 |  |  | $ | 2,800,495 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration