INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2022

GOODWILL

INTANGIBLE ASSETS

NOTE 7 — INTANGIBLE ASSETS

Intangible assets consist of:

	December 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		(335,502	)		(269,502	)
Subtotal		35,850			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		(1,593,305	)		(892,605	)
Subtotal		4,957,695			2,922,395
Total	$	4,993,545		$	3,024,245

(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.

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

Amortization expense was $766,700 and $427,228 for Fiscal years 2022 and 2021, respectively.

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

	DGSE		ECHG		Total
2023		30,350		655,100		685,450
2024		5,500		655,100		660,600
2025		-		655,100		655,100
2026		-		655,100		655,100
2027		-		655,100		655,100
Thereafter		-		1,682,195		1,682,195
	$	35,850	$	4,957,695	$	4,993,545