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Accounting Policies and Nature of Operations (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies and Nature of Operations (Policies)  
Summary of Allowance for Doubtful Accounts

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Beginning Balance

 

$1,583

 

 

$-

 

Bad debt expense (+)

 

 

120,554

 

 

 

83,003

 

Receivables written off (-)

 

 

(70,403)

 

 

(81,420)
Ending Balance

 

$51,734

 

 

$1,583

 

Schedule of Disaggregation of Revenue

 

 

For the Years Ended

 

 

 

December 31, 2022

 

 

December 31, 2021

 

 

 

Revenues

 

 

Gross Profit

 

 

Margin

 

 

Revenues

 

 

Gross Profit

 

 

Margin

 

DGSE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Resale

 

$122,468,154

 

 

 

14,240,795

 

 

 

11.6%

 

$89,146,783

 

 

 

11,022,162

 

 

 

12.4%
Recycled

 

 

8,639,279

 

 

 

1,993,644

 

 

 

23.1%

 

 

7,572,476

 

 

 

1,586,000

 

 

 

20.9%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subtotal

 

 

131,107,433

 

 

 

16,234,439

 

 

 

12.4%

 

 

96,719,259

 

 

 

12,608,162

 

 

 

13.0%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ECHG

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Resale

 

 

39,747,631

 

 

 

22,119,853

 

 

 

55.7%

 

 

32,540,366

 

 

 

14,570,092

 

 

 

44.8%
Recycled

 

 

11,830,790

 

 

 

6,472,794

 

 

 

54.7%

 

 

11,706,453

 

 

 

4,042,905

 

 

 

34.5%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subtotal

 

 

51,578,421

 

 

 

28,592,647

 

 

 

55.4%

 

 

44,246,819

 

 

 

18,612,997

 

 

 

42.1%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$182,685,854

 

 

$44,827,086

 

 

 

24.5%

 

$140,966,078

 

 

$31,221,159

 

 

 

22.1%