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INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2021
GOODWILL  
Schedule of intangible assets

 

 

September 30,

 

 

December 31,

 

 

 

2021

 

 

2020

 

DGSE

 

 

 

 

 

 

Domain names

 

$41,352

 

 

$41,352

 

Point of sale system

 

 

330,000

 

 

 

330,000

 

 

 

 

371,352

 

 

 

371,352

 

Less: accumulated amortization

 

 

(253,002)

 

 

(203,502)

 

 

 

 

 

 

 

 

 

Subtotal

 

 

118,350

 

 

 

167,850

 

 

 

 

 

 

 

 

 

 

ECHG

 

 

 

 

 

 

 

 

Trademarks

 

 

1,483,000

 

 

 

1,483,000

 

Customer Contracts

 

 

1,873,000

 

 

 

1,873,000

 

 

 

 

3,356,000

 

 

 

3,356,000

 

Less: accumulated amortization

 

 

(783,077)

 

 

(531,377)

 

 

 

 

 

 

 

 

 

Subtotal

 

 

2,572,923

 

 

 

2,824,623

 

 

 

 

 

 

 

 

 

 

 

 

$2,691,273

 

 

$2,992,473

 

Schedule of estimated amortization expense

 

 

DGSE

 

 

ECHG

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

2021 (excluding the nine months ending September 30, 2021)

 

$16,500

 

 

$83,900

 

 

$100,400

 

2022

 

 

66,000

 

 

 

335,600

 

 

 

401,600

 

2023

 

 

30,350

 

 

 

335,600

 

 

 

365,950

 

2024

 

 

5,500

 

 

 

335,600

 

 

 

341,100

 

2025

 

 

-

 

 

 

335,600

 

 

 

335,600

 

Thereafter

 

 

-

 

 

 

1,146,623

 

 

 

1,146,623

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$118,350

 

 

$2,572,923

 

 

$2,691,273