Note Receivable (Tables)

12 Months Ended

Dec. 31, 2017

Dave Larson and the Larson Group, LLC [Member]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Note receivable consists of the following:

	December 31,
	2017		2016
Note receivable (1)	$	666,722	$	-
Sub-Total		666,722		-
Less current portion note receivable		33,862		-
Long-term note receivable	$	632,860	$	-

(1) On September 22, 2017, DGSE entered into a purchase agreement with Dave Larson and the Larson Group, LLC for preowned fine Rolex watches and aftermarket Rolex accessories, the tradename “Fairchild International”, the website www.fairchildwatches.com and all telephone numbers and copyrights used solely in the operation of selling preowned Rolex watches. The purchase agreement requires a monthly payment of $4,992.89 amortized for fifteen (15) years, at a four (4) percent interest rate, with the entire outstanding loan amount and any unpaid accrued interest will be due and payable in full October 15, 2024.