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PROPERTY AND EQUIPMENT | 6 Months Ended
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Jun. 30, 2023
PROPERTY AND EQUIPMENT |
PROPERTY AND EQUIPMENT | NOTE 6 — PROPERTY AND EQUIPMENT Property and equipment consist of the following:
|  | June 30, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Consumer |  |  |  |  |  |
Land |  | $ | 1,640,219 |  |  | $ | 1,640,219 |
Building and improvements |  |  | 4,030,125 |  |  |  | 2,798,975 |
Leasehold improvements |  |  | 1,450,695 |  |  |  | 1,450,695 |
Machinery and equipment |  |  | 1,149,891 |  |  |  | 1,078,595 |
Furniture and fixtures |  |  | 603,944 |  |  |  | 603,944 |
Vehicles |  |  | 22,859 |  |  |  | 22,859 |
|  |  | 8,897,733 |  |  |  | 7,595,287 |
Less: accumulated depreciation |  |  | (2,806,625 | ) |  |  | (2,651,832 | )
Sub-Total |  |  | 6,091,108 |  |  |  | 4,943,455 |
Commercial |  |  |  |  |  |  |  |
Building and improvements |  |  | 151,647 |  |  |  | 151,647 |
Machinery and equipment |  |  | 1,074,409 |  |  |  | 1,082,026 |
Vehicles |  |  | 98,610 |  |  |  | 98,610 |
Furniture and fixtures |  |  | 145,631 |  |  |  | 145,950 |
|  |  | 1,470,297 |  |  |  | 1,478,233 |
Less: accumulated depreciation |  |  | (657,093 | ) |  |  | (515,673 | )
Sub-Total |  |  | 813,204 |  |  |  | 962,560 |
Corporate |  |  |  |  |  |  |  |
Land |  |  | 1,106,664 |  |  |  | 1,106,664 |
Building and improvements |  |  | 2,502,216 |  |  |  | 2,502,216 |
Machinery and equipment |  |  | 28,627 |  |  |  | 28,627 |
|  |  | 3,637,507 |  |  |  | 3,637,507 |
Less: accumulated depreciation |  |  | (187,371 | ) |  |  | (149,720 | )
Sub-Total |  |  | 3,450,136 |  |  |  | 3,487,787 |
|  | $ | 10,354,448 |  |  | $ | 9,393,802 |
On May 4, 2023, DGSE closed the purchase of a new retail building located at 6030 North 19th Avenue in Phoenix, Arizona for $1,231,150. The purchase was paid through operating cash flow without the use of borrowed funds. The building will begin to be depreciated once it is put into use.

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