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INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2021
GOODWILL  
NOTE 9 - Intangible Assets

NOTE 9 — INTANGIBLE ASSETS

 

Intangible assets consist of the following:

 

 

 

June 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

 

 

(236,502)

 

 

(203,502)
Subtotal

 

 

134,850

 

 

 

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

 

 

(699,177)

 

 

(531,377)
Subtotal

 

 

2,656,823

 

 

 

2,824,623

 

 

 

 

 

 

 

 

 

 

 

 

$2,791,673

 

 

$2,992,473

 

 

The following table outlines the estimated future amortization expense related to intangible assets held as of June 30, 2021:

 

 

 

DGSE

 

 

ECHG

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

2021 (excluding the six months ending June 30, 2021)

 

$33,000

 

 

$167,800

 

 

$200,800

 

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

 

 

 

$

134,850

 

 

$2,656,823

 

 

$2,791,673