INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2022

GOODWILL

Intangible Assets

NOTE 8 — INTANGIBLE ASSETS

Intangible assets consist of the following:

	March 31,			December 31,
	2022			2021
DGSE
Domain names	$	41,352		$	41,352
Point of sale system		330,000			330,000
		371,352			371,352
Less: accumulated amortization		(286,002	)		(269,502	)
Subtotal		85,350			101,850
ECHG
Trademarks (1)		1,483,000			1,483,000
Customer Contracts (1)		1,873,000			1,873,000
Trademarks/Tradenames (2)		114,000			114,000
Customer Relationships (2)		345,000			345,000
		3,815,000			3,815,000
Less: accumulated amortization		(987,980	)		(892,605	)
Subtotal		2,827,020			2,922,395
	$	2,912,370		$	3,024,245

(1) Intangibles relate to the Echo Transaction on May 20, 2019.

(2) Intangibles relate to the CExchange Transaction on June 9, 2021.

The following table outlines the estimated future amortization expense related to intangible assets held as of March 31, 2022:

	DGSE		ECHG		Total
2022 (excluding the three months ending March 31, 2022)		49,500		286,125		335,625
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
	$	85,350	$	2,827,020	$	2,912,370