INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2022

GOODWILL

INTANGIBLE ASSETS

NOTE 8 — INTANGIBLE ASSETS

 Intangible assets consist of the following:

	September 30,			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		(319,002	)		(269,502	)
Subtotal		52,350			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
Trademarks/Tradenames (3)		1,272,000			-
Customer Relationships (3)		1,464,000			-
		6,551,000			3,815,000
Less: accumulated amortization		(1,429,530	)		(892,605	)
Subtotal		5,121,470			2,922,395
Envela
Software development		15,300			-
Less: accumulated amortization		-			-
	$	5,189,120		$	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.

(3) Intangibles relate to the Avail Transaction on October 29, 2021

The following table outlines the estimated future amortization expense related to intangible assets held as of September 30, 2022:

	DGSE		ECHG		Envela		Total
2022 (excluding the nine months ending September 30, 2022)	$	16,500	$	163,775	$	-	$	180,275
2023		30,350		655,100		3,060	$	688,510
2024		5,500		655,100		3,060	$	663,660
2025		-		655,100		3,060	$	658,160
2026		-		655,100		3,060	$	658,160
Thereafter		-		2,337,295		3,060	$	2,340,355
	$	52,350	$	5,121,470	$	15,300	$	5,189,120