PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2021

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

NOTE 5 — PROPERTY AND EQUIPMENT

Property and equipment consist of the following:

	December 31,			December 31,
	2021			2020
DGSE
Land	$	1,640,220		$	720,786
Buildings and improvements		2,764,529			1,317,906
Leasehold improvements		1,450,695			1,435,742
Machinery and equipment		1,056,315			1,056,315
Furniture and fixtures		526,250			504,430
Vehicles		22,859			22,859
		7,460,868			5,058,038
Less: accumulated depreciation		(2,343,923	)		(2,054,294	)
Sub-Total		5,116,945			3,003,744
ECHG
Leasehold improvements		135,491			81,149
Machinery and equipment		1,109,306			220,417
Furniture and fixtures		145,950			93,827
		1,390,747			395,393
Less: accumulated depreciation		(212,147	)		(71,058	)
Sub-Total		1,178,600			324,335
Envela
Land		1,106,664			1,106,664
Buildings and improvements		2,456,324			2,456,324
Machinery and equipment		23,676			5,407
		3,586,664			3,568,395
Less: accumulated depreciation		(76,021	)		(7,873	)
Sub-Total		3,510,643			3,560,522
	$	9,806,188		$	6,888,601

Depreciation expense was $498,866 and $327,026 for Fiscal 2021 and Fiscal 2020, respectively.