INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2021

GOODWILL

INTANGIBLE ASSETS

NOTE 8 — INTANGIBLE ASSETS

Intangible assets consist of:

	December 31,			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		(269,502	)		(203,502	)
Subtotal		101,850			167,850
ECHG
Trademarks (1)		1,483,000			1,483,000
Customer Contracts (1)		1,873,000			1,873,000
Trademarks/Tradenames (2)		114,000			-
Customer Relationships (2)		345,000			-
		3,815,000			3,356,000
Less: accumulated amortization		(892,605	)		(531,377	)
Subtotal		2,922,395			2,824,623
Total	$	3,024,245		$	2,992,473

(1)	Intangibles relate to the asset purchase agreement of the Echo Legacy Entities on May 20, 2019.
(2)	Intangibles relate to the CExchange Transaction on June 9, 2021.

Amortization expense was $427,228 and $401,600 for Fiscal 2021 and Fiscal 2020, respectively.

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

	DGSE		ECHG		Total
2022	$	66,000	$	381,500	$	447,500
2023		30,350		381,500		411,850
2024		5,500		381,500		387,000
2025		-		381,500		381,500
2026		-		381,500		381,500
Thereafter		-		1,014,895		1,014,895
	$	101,850	$	2,922,395	$	3,024,245