Operating Leases

12 Months Ended

Dec. 31, 2015

Leases of Lessee Disclosure [Text Block]

Note 11 – Operating Leases

The Company leases certain of its facilities under operating leases. The minimum rental commitments under non-cancellable operating leases as of December 31, 2015 are as follows:

		Total			2016			2017			2018			2019			2020			Thereafter
Operating leases		$	2,461,408		$	639,124		$	462,949		$	412,472		$	412,472		$	313,891		$	220,500

On January 21, 2013, the Company signed a lease with 15850 Holdings, LLC (an affiliate of Elemetal), for 4,500 square feet of office space in North Dallas, to be used as the Company’s new corporate headquarters. The Company received free rent from April through December of 2013, and paid $7,500 from January of 2014, through the termination date of the current lease in December of 2015. The Company continues to pay this lease on a month-to-month basis with no increase in the rent.

In November 2013, the Company signed an agreement to lease a portion of DGSE’s Reeder Road facility to a third party, beginning in January 2014. Under the terms of the five-year agreement DGSE will receive $5,000 per month in base rent initially, increasing to $7,500 per month after 24 months if certain conditions are met. The lessee will also be required to pay additional rent based on revenue it generates using the facility. Under certain conditions DGSE has the right to terminate the agreement after 24 months.

The minimum rentals to be received under a non-cancellable operating lease as of December 31, 2015 are as follows:

		Total			2016			2017			2018			2019			2020			Thereafter
Reeder sublease		$	180,000		$	60,000		$	60,000		$	60,000		$	-		$	-		$	-

Rent expense for Fiscal 2015 and Fiscal 2014 was $475,665 and $638,320, respectively, excluding amounts related to discontinued operations.