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v3.22.2.2

LONG-TERM DEBT (Tables) | 9 Months Ended
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Sep. 30, 2022
LONG-TERM DEBT |
Schedule Of Long-term Debt |
|  | Outstanding Balance |  |  |  |  |  |  |
|  | September 30, |  |  | December 31, |  |  | Current |  |  |  |
|  | 2022 |  |  | 2021 |  |  | Interest Rate |  |  | Maturity |
DGSE |  |  |  |  |  |  |  |  |  |  |  |
Note payable, Farmers Bank (1) |  | $ | 2,694,427 |  |  | $ | 2,770,729 |  |  |  | 3.10 | % |  | November 15, 2026 |
Note payable, Truist Bank (2) |  |  | 883,231 |  |  |  | 909,073 |  |  |  | 3.65 | % |  | July 9, 2030 |
Note payable, Texas Bank & Trust (3) |  |  | 460,717 |  |  |  | 474,009 |  |  |  | 3.75 | % |  | September 14, 2025 |
Note payable, Texas Bank & Trust (4) |  |  | 1,706,637 |  |  |  | 1,752,446 |  |  |  | 3.75 | % |  | July 30, 2031 |
DGSE Sub-Total |  |  | 5,745,012 |  |  |  | 5,906,257 |  |  |  |  |  |  |  |
ECHG |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Note payable, Farmers Bank (1) |  |  | 6,113,338 |  |  |  | 6,286,459 |  |  |  | 3.10 | % |  | November 15, 2026 |
Line of Credit (5) |  |  | - |  |  |  | 1,700,000 |  |  |  | 3.10 | % |  | November 15, 2024 |
Avail Transaction note payable (6) |  |  | 1,666,667 |  |  |  | 2,000,000 |  |  |  | 0.00 | % |  | April 1, 2025 |
ECHG Sub-Total |  |  | 7,780,005 |  |  |  | 9,986,459 |  |  |  |  |  |  |  |
Envela |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Note payable, Texas Bank & Trust (7) |  |  | 2,760,766 |  |  |  | 2,843,415 |  |  |  | 3.25 | % |  | November 4, 2025 |
Sub-Total |  |  | 16,285,783 |  |  |  | 18,736,131 |  |  |  |  |  |  |  |
Current portion |  |  | 1,246,083 |  |  |  | 2,765,794 |  |  |  |  |  |  |  |
|  | $ | 15,039,700 |  |  | $ | 15,970,337 |  |  |  |  |  |  |  |
Schedule of Future Payments of Notes Payable, Related Party |
Note payable, Farmers State Bank - DGSE |  |  |
Year Ending December 31, |  | Amount |
2022 (excluding the nine months ended September 30, 2022) |  | $ | 25,908 |
2023 |  |  | 105,428 |
2024 |  |  | 108,743 |
2025 |  |  | 112,162 |
2026 |  |  | 2,342,186 |
Subtotal |  | $ | 2,694,427 |
Note payable, Truist Bank - DGSE |  |  |
Year Ending December 31, |  | Amount |
2022 (excluding the nine months ended September 30, 2022) |  | $ | 8,813 |
2023 |  |  | 35,988 |
2024 |  |  | 37,342 |
2025 |  |  | 38,748 |
2026 |  |  | 40,206 |
Thereafter |  |  | 722,134 |
Subtotal |  | $ | 883,231 |
Note payable, Texas Bank & Trust - DGSE |  |  |  |
Year Ending December 31, |  | Amount |
2022 (excluding the nine months ended September 30, 2022) |  | $ | 4,531 |
2023 |  |  | 18,503 |
2024 |  |  | 19,209 |
2025 |  |  | 418,474 |
Subtotal |  | $ | 460,717 |
Note payable, Texas Bank & Trust - DGSE |  |  |  |
Year Ending December 31, |  | Amount |
2022 (excluding the nine months ended September 30, 2022) |  | $ | 17,595 |
2023 |  |  | 72,291 |
2024 |  |  | 74,676 |
2025 |  |  | 77,139 |
2026 |  |  | 79,432 |
Thereafter |  |  | 1,385,504 |
Subtotal |  | $ | 1,706,637 |
Note payable, Farmers Bank - ECHG |  |  |  |
Year Ending December 31, |  | Amount |
2022 (excluding the nine months ended September 30, 2022) |  | $ | 58,779 |
2023 |  |  | 239,204 |
2024 |  |  | 246,725 |
2025 |  |  | 254,484 |
2026 |  |  | 5,314,146 |
Subtotal |  | $ | 6,113,338 |
Note payable - Avail Transaction |  |  |  |
Year Ending December 31, |  | Amount |
2022 (excluding the nine months ended September 30, 2022) |  | $ | 166,667 |
2023 |  |  | 666,668 |
2024 |  |  | 666,668 |
2025 |  |  | 166,664 |
Subtotal |  | $ | 1,666,667 |
Note payable, Texas Bank & Trust - Envela |  |  |  |
Year Ending December 31, |  | Amount |
2022 (excluding the nine months ended September 30, 2022) |  | $ | 27,589 |
2023 |  |  | 112,670 |
2024 |  |  | 116,459 |
2025 |  |  | 2,504,048 |
Subtotal |  | $ | 2,760,766 |
|  | $ | 16,285,783 |
Schedule Of Long-term Debt Maturities Of Principal Payments |
|  | Scheduled |  |  |  |  |  |  |
|  | Principal |  |  | Loan |  |  |  |
Scheduled Principal Payments and Maturities by Year: |  | Payments |  |  | Maturities |  |  | Total |
2022 (excluding the nine months ended September 30, 2022) |  | $ | 309,882 |  |  | $ | - |  |  | $ | 309,882 |
2023 |  |  | 1,250,752 |  |  |  | - |  |  |  | 1,250,752 |
2024 |  |  | 1,269,822 |  |  |  | - |  |  |  | 1,269,822 |
2025 |  |  | 595,237 |  |  |  | 2,976,482 |  |  |  | 3,571,719 |
2026 |  |  | 434,080 |  |  |  | 7,341,890 |  |  |  | 7,775,970 |
2027 and Thereafter |  |  | 560,656 |  |  |  | 1,546,982 |  |  |  | 2,107,638 |
Total |  | $ | 4,420,429 |  |  | $ | 11,865,354 |  |  | $ | 16,285,783 |

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