Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of Long-term Debt

	Outstanding Balance
	September 30,		December 31,		Current
	2018		2017		Interest Rate			Maturity
Capital lease (1)	$	-	$	2,352		4.20	%		May 1, 2018
Sub-Total		-		2,352
Less: Current maturities of capital lease		-		2,352
Capital lease obligation, less current maturities	$	-	$	-

(1) On April 3, 2011, DGSE entered into a capital lease for $58,563 with Graybar Financial Services for phones at the new corporate headquarters. The non-cancelable lease agreement required an advanced payment of $2,304 and monthly payments of $1,077 for 60 months at an interest rate of 4.2% beginning in May 2011. At the end of the lease in May 2018, the equipment was purchased for $1.