Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible assets consist of:

	December 31,			December 31,
	2020			2019
DGSE
Domain names	$	41,352		$	41,352
Point of sale system		330,000			330,000
		371,352			371,352
Less: accumulated amortization		(203,502	)		(137,502	)
Subtotal		167,850			233,850
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		(531,377	)		(195,777	)
Subtotal		2,824,623			3,160,223
Total	$	2,992,473		$	3,394,073

Amortization expense was $401,600 and $256,277 for Fiscal 2020 and Fiscal 2019, respectively.

The estimated aggregate amortization expense for each of the five succeeding fiscal years follows:

	DGSE		ECHG		Total
2021	$	66,000	$	335,600	$	401,600
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
	$	167,850	$	2,824,623	$	2,992,473