Segments (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting

The purchase of the Echo Entities has given us two separate lines of businesses, although we feel they are interrelated as businesses that recycle either gold and silver and electronic components we have separated them in into segments as follows:

	For The Three Months Ended
	June 30, 2019
	DGSE			Echo Entities		Consolidated
Revenue:
Sales	$	18,578,637		$	2,358,800	$	20,937,437
Cost of goods sold		16,308,809			1,263,313		17,572,122
Gross profit		2,269,828			1,095,487		3,365,315
Expenses:
Selling, general and administrative expenses		1,874,598			801,642		2,676,240
Depreciation and amortization		74,449			10,899		85,348
		1,949,047			812,541		2,761,588
Operating income		320,781			282,946		603,727
Other (income) expense:
Other (income) expense, net		(56,728	)		-		(56,728	)
Interest expense		25,657			31,852		57,509
Income before income taxes		351,852			251,094		602,946
Income tax expense		7,783			5,636		13,419
Net income per segment	$	344,069		$	245,458	$	589,527