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ACCRUED EXPENSES | 12 Months Ended
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Dec. 31, 2023
ACCRUED EXPENSES |
ACCRUED EXPENSES | NOTE 8 – ACCRUED EXPENSES Accrued expenses consist of the following:
|  | December 31 |  |  | December 31 |
|  | 2023 |  |  | 2022 |
DGSE |  |  |  |  |  |
Accrued Interest |  | $ | 11,904 |  |  | $ | 11,624 |
Payroll |  |  | 226,435 |  |  |  | 146,817 |
Property tax |  |  | 8,613 |  |  |  | 115,222 |
Sales tax |  |  | 116,517 |  |  |  | 153,039 |
Other administrative expenses |  |  | - |  |  |  | 424 |
Subtotal |  |  | 363,469 |  |  |  | 427,126 |
ECHG |  |  |  |  |  |  |  |
Accrued Interest |  |  | 7,903 |  |  |  | 8,228 |
Payroll |  |  | 375,663 |  |  |  | 336,226 |
Other accrued expenses |  |  | 39,831 |  |  |  | 7,392 |
Unvouchered payables - inventory |  |  | 1,041,188 |  |  |  | 803,649 |
Material & shipping costs (COGS) |  |  | 56,591 |  |  |  | 229,159 |
Subtotal |  |  | 1,521,176 |  |  |  | 1,384,654 |
Envela |  |  |  |  |  |  |  |
Accrued Interest |  |  | 7,227 |  |  |  | 7,543 |
Payroll |  |  | 24,543 |  |  |  | 25,179 |
Professional fees |  |  | 165,651 |  |  |  | 199,508 |
Property tax |  |  | 85,208 |  |  |  | 87,275 |
Federal income tax |  |  | 172,391 |  |  |  | - |
State income tax |  |  | 146,758 |  |  |  | 155,309 |
Subtotal |  |  | 601,778 |  |  |  | 474,814 |
|  | $ | 2,486,423 |  |  | $ | 2,286,594 |

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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