Envela (ELA) 10-Q 19 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 21, 2019
Document And Entity Information
Entity Registrant Name	DGSE COMPANIES INC
Entity Central Index Key	0000701719
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity's Reporting Status Current	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		26,924,381
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2019

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 1,674,329	$ 1,453,941
Trade receivables, net of allowances	1,451,039	94,345
Inventories	11,112,806	9,765,094
Prepaid expenses	388,925	81,094
Total current assets	14,627,099	11,394,474
Property and equipment, net	1,472,590	1,320,863
Goodwill	4,723,110
Intangible assets, net	235,600	234,350
Right-of -use assets from operating leases	4,016,743
Other assets	241,822	68,411
Total assets	25,316,964	13,018,098
Current Liabilities:
Accounts payable - trade	1,074,342	838,624
Accounts payable - trade, related party		3,088,973
Notes payable, related party	272,587
Current operating lease liabilities	1,140,852
Accrued expenses	959,173	579,203
Customer deposits and other liabilities	28,972	97,837
Total current liabilities	3,475,926	4,604,637
Notes payable, related party, less current portion	9,501,760
Long-term operating lease liabilities, less current portion	2,981,655
Total liabilities	15,959,341	4,604,637
Commitments and contingencies
STOCKHOLDERS' EQUITY
Common stock, $0.01 par value; 60,000,000 shares authorized; 26,924,381 shares issued and outstanding	269,244	269,244
Additional paid-in capital	40,172,677	40,172,677
Accumulated deficit	(31,084,298)	(32,028,460)
Total stockholders' equity	9,357,623	8,413,461
Total liabilities and stockholders' equity	$ 25,316,964	$ 13,018,098

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	60,000,000	60,000,000
Common stock, shares issued	26,924,381	26,924,381
Common stock, shares outstanding	26,924,381	26,924,381

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue
Sales	$ 20,937,437	$ 12,733,262	$ 36,956,967	$ 26,789,135
Cost of goods sold	17,572,122	10,542,784	31,373,170	22,096,650
Gross margin	3,365,315	2,190,478	5,583,797	4,692,485
Expenses:
Selling, general and administrative expenses	2,676,240	1,773,912	4,417,581	3,813,947
Depreciation and amortization	85,348	87,732	159,672	177,484
Total expenses	2,761,588	1,861,644	4,577,253	3,991,431
Operating income	603,727	328,834	1,006,544	701,054
Other (income) expense:
Other (income) expense, net	(56,728)	3,030	(53,330)	(52,295)
Interest expense	57,509	45,648	92,058	92,530
Total other expense (income)	781	48,678	38,728	40,235
Income before income taxes	602,946	280,156	967,816	660,819
Income tax expense	13,419	5,977	23,654	40,433
Net income	$ 589,527	$ 274,179	$ 944,162	$ 620,386
Basic net income per common share:	$ 0.02	$ 0.01	$ 0.04	$ 0.02
Diluted net income per common share:	$ 0.02	$ 0.01	$ 0.04	$ 0.02
Weighted-average number of common shares
Basic	26,924,381	26,924,381	26,924,381	26,924,381
Diluted	26,924,381	27,091,298	26,924,381	27,167,620

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Total
Beginning Balance at Dec. 31, 2017	$ 269,244	$ 40,172,677	$ (32,686,145)	$ 7,755,776
Beginning Balance, shares at Dec. 31, 2017	26,924,381
Net Income			620,386	620,386
Ending Balance at Jun. 30, 2018	$ 269,244	40,172,677	(32,065,759)	8,376,163
Ending Balance, shares at Jun. 30, 2018	26,924,381
Beginning Balance at Mar. 31, 2018	$ 269,244	40,172,677	(32,339,937)	8,101,984
Beginning Balance, shares at Mar. 31, 2018	26,924,381
Net Income			274,179	274,179
Ending Balance at Jun. 30, 2018	$ 269,244	40,172,677	(32,065,759)	8,376,163
Ending Balance, shares at Jun. 30, 2018	26,924,381
Beginning Balance at Dec. 31, 2018	$ 269,244	40,172,677	(32,028,460)	8,413,461
Beginning Balance, shares at Dec. 31, 2018	26,924,381
Net Income			944,162	944,162
Ending Balance at Jun. 30, 2019	$ 269,244	40,172,677	(31,084,298)	9,357,623
Ending Balance, shares at Jun. 30, 2019	26,924,381
Beginning Balance at Mar. 31, 2019	$ 269,244	40,172,677	(31,673,825)	8,768,096
Beginning Balance, shares at Mar. 31, 2019	26,924,381
Net Income			589,527	589,527
Ending Balance at Jun. 30, 2019	$ 269,244	$ 40,172,677	$ (31,084,298)	$ 9,357,623
Ending Balance, shares at Jun. 30, 2019	26,924,381

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash Flows From Operating Activities
Net income	$ 944,162	$ 620,386
Adjustments to reconcile income from operations to net cash used in operating activities:
Depreciation and amortization	159,672	177,484
Loss on sale of equipment		40,045
Bad debt expense	30,000
Changes in operating assets and liabilities:
Trade recivables, net	(361,079)	70,837
Trade receivables, net of allowances, related party		39,215
Inventories	(138,509)	(824,941)
Note receivable		11,166
Prepaid expenses	(248,178)	(56,228)
Operating leases	105,764
Other assets	(55,700)	31,665
Accounts payable and accrued expenses	(949,957)	(333,674)
Accounts payable - trade, related party	(3,074,021)	(523,333)
Customer deposits and other liabilities	(74,322)	520,593
Net cash used in operating activities	(3,662,168)	(226,785)
Cash Flows From Investing Activities:
Purchase of property and equipment	(91,441)	(118,825)
Intangile asssets	(30,000)	(27,000)
Acquisition of the Echo Entities, net of cash acquired	(5,770,350)
Net cash used in investing activities	(5,891,791)	(145,825)
Cash Flows From Financing Activities:
Financing for the acquisition of the Echo Entities	6,925,979
Financing to pay off accounts payable, related party	3,074,021
Payments on notes payable, related party	(225,653)
Payments on capital lease obligations		(2,352)
Net cash provided by (used) in financing activities	9,774,347	(2,352)
Net change in cash and cash equivalents	220,388	(374,962)
Cash and cash equivalents, beginning of period	1,453,941	1,272,208
Cash and cash equivalents, end of period	1,674,329	897,246
Cash paid during the period for:
Interest	92,058	92,530
Income taxes	43,578	20,025
Non cash activities:
Transfer of fixed assets to intangible assets		$ 204,000

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	(1) Basis of Presentation The consolidated interim financial statements of DGSE Companies, Inc., a Nevada corporation, and its subsidiaries (the “Company” or “DGSE”), included herein have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted pursuant to the Commission’s rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. The Company suggests that these financial statements be read in conjunction with the financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018 (such fiscal year, “Fiscal 2018” and such Annual Report on Form 10-K, the “Fiscal 2018 10-K”). In the opinion of the management of the Company, the accompanying unaudited interim financial statements contain all adjustments, consisting only of those of a normal recurring nature, necessary to present fairly its results of operations and cash flows for the periods presented. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year. Certain reclassifications were made to the prior year’s consolidated financial statements to conform to the current year presentation.

Principles of Consolidation and

Principles of Consolidation and Nature of Operations	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation and Nature of Operations	(2) Principles of Consolidation and Nature of Operations DGSE, through it’s trade names Dallas Gold and Silver Exchange and Charleston Gold and Diamond Exchange (“DGSE”), buys and sells jewelry and bullion products to both retail and wholesale customers throughout the United States through its facilities in South Carolina and Texas The Company also, through an asset purchase on May 20, 2019 (the “Echo Transaction”), as initially reported on Form 8-K filed May 24, 2019 and subsequent 8-K/A filed August 5, 2019, formed two new companies, Echo Environmental Holdings, LLC and ITAD USA, LLC (the “Echo Entities”), to process, recycle and resell electronic components. Based on the terms of the purchase, the Company has concluded the Echo Transaction represents a business combination pursuant to Financial Accounting Standards Board Accounting Standards Codification Topic 805, Business Combinations, or ASC 805. The Company has determined that the assets purchased and the liabilities assumed, through the Echo Transaction, have an approximate fair value due to the their short-term nature. The Company now includes revenue, gross profit and net income for two different segments because each product line has a different income profile. In order to understand the Company’s financial results, we will report each segment. The interim condensed consolidated financial statements have been prepared in accordance with U.S. GAAP and include the accounts of the Company and its subsidiaries. All material intercompany transactions and balances have been eliminated.

Accounting Policies and Estimat

Accounting Policies and Estimates	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Accounting Policies and Estimates	( 3) Accounting Policies and Estimates Financial Instruments The carrying amounts reported in the condensed consolidated balance sheets for cash equivalents, trade receivables, accounts payable, and accrued expenses approximate fair value because of the immediate or short-term nature of these financial instruments. Earnings Per Share Basic earnings per common share is computed by dividing net earnings available to holders of the Company’s common stock by the weighted average number of common shares outstanding for the reporting period. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the calculation of diluted earnings per share, the basic weighted average number of shares is increased by the dilutive effect of stock options and warrants outstanding determined using the treasury stock method. Goodwill Goodwill is not amortized but evaluated for impairment on an annual basis during the fourth quarter of our fiscal year or earlier if events or circumstances indicate the carrying value may be impaired. The Company’s goodwill is related to the Echo Entities only and not the whole Company. The Echo Entities’ have their own separate financial information to perform goodwill impairment testing going forward. The Company will evaluate goodwill based on cash flows for the Echo Entities’ segment. For tax purposes, goodwill is amortized and deductible over fifteen years. Recent Accounting Pronouncement On January 1, 2019 we adopted the new lease accounting standard in Accounting Standards Update No. 2016-02 (“ASU 2016-02”), Leases The Company elected certain of the available transition practical expedients, including those that permit it to not reassess (1) whether any expired or existing contracts are or contain leases, (2) the lease classification for any expired or existing leases, and (3) any initial direct costs for any existing leases as of the effective date. The Company did not elect the hindsight practical expedient, which permits entities to use hindsight in determining the lease term and assessing impairment. The most significant impact of the new guidance was the recognition of right-of-use (“ROU”) assets and liabilities for operating leases. See Note 11 for additional information.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
Inventories	(4) Inventories A summary of inventories is as follows: June 30, 2019 December 31, 2018 DGSE Jewelry $ 7,718,365 $ 7,001,477 Scrap gold/silver 1,010,669 1,205,111 Bullion 855,071 801,717 Rare coins and Other 420,155 756,789 Subtotal 10,004,260 9,765,094 Echo Entities Electronic components - resale 193,411 - Electronic components - recycle 915,135 - Subtotal 1,108,546 - $ 11,112,806 $ 9,765,094

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
Property and Equipment	(5) Property and Equipment Property and equipment consists of the following: June 30, 2019 December 31, 2018 DGSE Land $ 55,000 $ - Building and improvements 1,561,649 1,529,649 Machinery and equipment 1,039,013 1,039,013 Furniture and fixtures 453,699 453,699 3,109,361 3,022,361 Less: accumulated depreciation (1,821,579 ) (1,701,498 ) Sub-Total 1,287,782 $ 1,320,863 Echo Entities Building and improvements 81,149 - Machinery and equipment 20,732 - Furniture and fixtures 93,827 - 195,708 - Less: accumulated depreciation (10,900 ) - Sub-Total 184,808 - $ 1,472,590 $ 1,320,863

Acquisition

Acquisition	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Acquisition	(6) Acquisition On May 20, 2019, Corrent Resources, LLC (“Corrent”), a wholly owned subsidiary of the Company, entered into an asset purchase agreement with each of Echo Environmental, LLC and its wholly owned subsidiary ITAD USA, LLC (collectively, the “Echo Entities”), pursuant to which the Echo Entities agreed to sell all of the assets, rights and interests of the Echo Entities (the “Acquired Assets”) for $6,925,979 (the “Echo Transaction”). The Echo Entities are wholly owned subsidiaries of Elemetal, LLC (“Elemetal”). John R. Loftus is the Company’s CEO, President and Chairman and owned approximately one-third of the equity interests of Elemetal prior to the Echo Transaction. On the same day, Mr. Loftus became the largest beneficial owner of the Company’s stock by purchasing all of the Company’s stock beneficially owned by Elemetal. As part of the transaction of acquiring the stock from Elemetal, Mr. Loftus no longer owns an equity interest in Elemetal, LLC. As an interested party, Mr. Loftus was familiar with the operations of the Echo Entities. In connection with the Echo Transaction, on May 20, 2019, Corrent executed and delivered to Mr. Loftus, a promissory note to which Corrent borrowed from Mr. Loftus $6,925,979, the proceds of which were used to purchase the Acquired Assets. Goodwill is not amortized but evaluated for impairment on an annual basis during the fourth quarter of our fiscal year or earlier if events or circumstances indicate the carrying value may be impaired. The Company’s goodwill is related to the Echo Entities only and not the whole Company. The Echo Entities’ have their own separate financial information to perform goodwill impairment testing going forward. The Company will evaluate goodwill based on cash flows for the Echo Entities’ segment. For tax purposes, goodwill is amortized and deductible over fifteen years. Due to time constraints and other variables, the purchase price allocation listed below is considered a preliminary allocation and is subject to change. The preliminary purchase price is allocated as follows: Description Amount Assets Cash $ 1,049,462 Account receivables 1,025,615 Inventories 1,209,203 Prepaids 88,366 Fixed assets 191,208 Right-of-use assets 2,350,781 Other assets 88,998 Liabilities Account payables (723,043 ) Accrued liabilities (721,483 ) Operating lease liabilities (2,350,781 ) Other long-term liabilities (5,457 ) Net assets 2,202,869 Goodwill 4,723,110 Purchase Price $ 6,925,979 The following proforma combines the results of the Echo Entities and the Company’s results of operations for the three months ended June 30, 2019 and 2018 as if they were combined the whole quarter: Proforma Combined Proforma Combined For the Three Months Ended For the Three Months Ended June 30, 2019 June 30, 2018 (unaudited) (unaudited) Revenue $ 23,169,924 $ 24,325,768 Income from continuing operations $ 69,197 $ 1,593,361 Net income $ 69,197 $ 1,593,361 Basic net income per common share $ - $ 0.06 Diluted net income per common share $ - $ 0.06

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	(7) Intangible Assets Intangible assets consist of the following: June 30, 2019 December 31, 2018 DGSE Domain names $ 41,352 $ 41,352 Point of sale system 300,000 270,000 341,352 311,352 Less: accumulated amortization (105,752 ) (77,002 ) Subtotal 235,600 234,350 Echo Entities - - $ 235,600 $ 234,350

Accrued Expenses

Accrued Expenses	6 Months Ended
	Jun. 30, 2019
Payables and Accruals [Abstract]
Accrued Expenses	(8) Accrued Expenses Accrued expenses consist of the following: June 30, 2019 December 31, 2018 DGSE Professional fees $ 70,414 $ 149,000 Advertising - 52,590 Board member fees - 7,500 Employee benefits - 10,383 Insurance 136,667 - Payroll 143,540 205,112 Property taxes 114,000 - Sales tax 74,267 111,739 State income tax 33,191 42,879 Subtotal 572,079 579,203 Echo Entities Payroll 40,295 - Sales Tax 4,829 - Credit Card 48,712 - Professional Fees 20,000 State income tax 11,000 - Material & shipping costs (COGS) 262,258 - Subtotal 387,094 - $ 959,173 $ 579,203

Segments

Segments	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Segments	(9) Segments The purchase of the Echo Entities has given us two separate lines of businesses, although we feel they are interrelated as businesses that recycle either gold and silver and electronic components we have separated them in into segments as follows: For The Three Months Ended June 30, 2019 DGSE Echo Entities Consolidated Revenue: Sales $ 18,578,637 $ 2,358,800 $ 20,937,437 Cost of goods sold 16,308,809 1,263,313 17,572,122 Gross profit 2,269,828 1,095,487 3,365,315 Expenses: Selling, general and administrative expenses 1,874,598 801,642 2,676,240 Depreciation and amortization 74,449 10,899 85,348 1,949,047 812,541 2,761,588 Operating income 320,781 282,946 603,727 Other (income) expense: Other (income) expense, net (56,728 ) - (56,728 ) Interest expense 25,657 31,852 57,509 Income before income taxes 351,852 251,094 602,946 Income tax expense 7,783 5,636 13,419 Net income per segment $ 344,069 $ 245,458 $ 589,527

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue Recognition	(10) Revenue Recognition Revenue is recognized when we transfer promised goods, jewelry and watch repair services to customers in an amount that reflects the consideration to which the Company expects to be paid in exchange for those goods and services. The Company’s revenue is primarily generated from the sale of finished goods, recycled goods, recycled raw materials, scrap, jewelry and watch repair services through wholesale contracts, retail and e-commerce. The Company’s performance obligations underlying such revenue, and the timing of revenue recognition, remains substantially unchanged following the adoption of ASC 606. ASC 606 provides guidance to identify performance obligations for revenue-generating transactions. The initial guide is to identify the contract with a customer created with the sales invoice or a repair ticket. Secondly, to identify the performance obligations in the contract as we promise to deliver the purchased item, or promised repairs in return for payment or future payment as a receivable. The third guide is determining the transaction price of the contract obligation as in the full ticket price, negotiated price or a repair price. The next step is to allocate the transaction price to the performance obligations as we designate a separate price for each item. The final step in the guidance is to recognize revenue as each performance obligation is satisfied. The following disaggregation of total revenue is listed by sales category and segment: Three Months Ended June 30, 2019 2018 Revenues Gross Profit Margin Revenues Gross Profit Margin DGSE Jewelry $ 4,093,488 $ 1,240,299 30.3 % $ 4,525,109 $ 1,020,470 22.6 % Bullion/Rare Coin 10,937,998 509,628 4.7 % 6,608,590 847,585 12.8 % Scrap 1,748,028 256,914 14.7 % 1,181,941 233,887 19.8 % Other 1,799,123 262,987 14.6 % 417,622 88,536 21.2 % Subtotal 18,578,637 2,269,828 12.2 % 12,733,262 2,190,478 17.2 % Echo Entities 5/20/19 - 6/30/2019 - - - Recycle 1,588,084 747,819 47.1 % - - - Reuse 770,716 347,668 45.1 % Subtotal 2,358,800 1,095,487 46.4 % - - - $ 20,937,437 $ 3,365,315 16.1 % $ 12,733,262 $ 2,190,478 17.2 % The following disaggregation of revenue is listed by sales category, segment and state: TEXAS Three Months Ended June 30, 2019 2018 Revenues Gross Profit Margin Revenues Gross Profit Margin DGSE Jewelry $ 3,863,109 $ 1,139,043 29.5 % $ 4,169,364 $ 908,970 21.8 % Bullion/Rare Coin 10,773,197 481,379 4.5 % 6,514,586 830,976 12.8 % Scrap 1,748,028 256,914 14.7 % 1,181,941 233,887 19.8 % Other 1,459,655 175,553 12.0 % 331,507 32,381 9.8 % Subtotal 17,843,989 2,052,889 11.5 % 12,197,398 2,006,214 16.4 % Echo Entities 5/20/19 - 6/30/2019 - - - Recycle 1,588,084 747,819 47.1 % - - - Reuse 770,716 347,668 45.1 % Subtotal 2,358,800 1,095,487 46.4 % - - - $ 20,202,789 $ 3,148,376 15.6 % $ 12,197,398 $ 2,006,214 16.4 % SOUTH CAROLINA Three Months Ended June 30, 2019 2018 Revenues Gross Profit Margin Revenues Gross Profit Margin DGSE Jewelry $ 230,379 $ 101,256 44.0 % $ 355,745 $ 111,500 31.3 % Bullion/Rare Coin 164,801 28,249 17.1 % 94,004 16,882 18.0 % Other 339,468 87,434 25.8 % 86,115 56,155 65.2 % Subtotal 734,648 216,939 29.5 % 535,864 184,537 34.4 % Echo Entities 5/20/19 - 6/30/2019 - - - - - - Subtotal - - - - - - $ 734,648 $ 216,939 29.5 % $ 535,864 $ 184,537 34.4 % The following disaggregation of revenue is listed by sales category and segment: Six Months Ended June 30, 2019 2018 Revenues Gross Profit Margin Revenues Gross Profit Margin DGSE Jewelry $ 8,395,236 $ 2,565,957 30.6 % $ 9,825,072 $ 2,617,091 26.6 % Bullion/Rare Coin 20,922,144 1,025,785 4.9 % 13,708,341 1,401,366 10.2 % Scrap 2,966,179 441,961 14.9 % 2,465,585 443,371 18.0 % Other 2,314,608 454,607 19.6 % 790,137 230,657 29.2 % Subtotal 34,598,167 4,488,310 13.0 % 26,789,135 4,692,485 17.5 % Echo Entities 5/20/19 - 6/30/2019 - - - Recycle 1,588,084 747,819 47.1 % - - - Reuse 770,716 347,668 45.1 % Subtotal 2,358,800 1,095,487 46.4 % - - - $ 36,956,967 $ 5,583,797 15.1 % $ 26,789,135 $ 4,692,485 17.5 % The following disaggregation of revenue is listed by sales category, segment and state: TEXAS Six Months Ended June 30, 2019 2018 Revenues Gross Profit Margin Revenues Gross Profit Margin Jewelry $ 7,757,744 $ 2,267,076 29.2 % $ 8,874,175 $ 2,270,136 25.6 % Bullion/Rare Coin 20,553,475 982,971 4.8 % 13,404,768 1,348,718 10.1 % Scrap 2,966,179 441,961 14.9 % 2,465,585 443,371 18.0 % Other 1,971,378 365,027 18.5 % 647,343 149,981 23.2 % Subtotal 33,248,776 4,057,035 12.2 % 25,391,871 4,212,206 16.6 % Echo Entities 5/20/19 - 6/30/2019 - - - Recycle 1,588,084 747,819 47.1 % - - - Reuse 770,716 347,668 45.1 % Subtotal 2,358,800 1,095,487 46.4 % - - - $ 35,607,576 $ 5,152,522 14.5 % $ 25,391,871 $ 4,212,206 16.6 % SOUTH CAROLINA Six Months Ended June 30, 2019 2018 Revenues Gross Profit Margin Revenues Gross Profit Margin Jewelry $ 637,493 $ 298,881 46.9 % $ 950,897 $ 346,955 36.5 % Bullion/Rare Coin 368,669 42,814 11.6 % 303,573 52,648 17.3 % Other 343,229 89,580 26.1 % 142,794 80,676 56.5 % Subtotal 1,349,391 431,275 32.0 % 1,397,264 480,279 34.4 % Echo Entities 5/20/19 - 6/30/2019 - - - - - - Subtotal - - - - - - $ 1,349,391 $ 431,275 32.0 % $ 1,397,264 $ 480,279 34.4 % Revenues for monetary transactions (i.e., cash and receivables) with commercial dealers and the retail public are recognized when the merchandise is delivered and payment has been made either by immediate payment or through a receivable obligation. We also recognize revenue upon the shipment of goods when retail or wholesale customers have fulfilled their obligation to pay, or promise to pay, through e-commerce or phone sales. We have elected to account for shipping and handling costs as fulfillment costs after the customer obtains control of the goods. Our scrap is sold to a local refiner that was a related party before the purchase of the Echo Entities on May 20, 2019. Since the refiner is local we deliver the scrap to the refiner. The metal is assayed, price is determined from the assay and payment is made usually in one to two days. Revenue is recognized from the sale once payment is received. The retail portion of the Company offers a structured layaway plan. When a retail customer utilizes the layaway plan, we collect a minimum payment of 25% of the sales price, establish a payment schedule for the remaining balance and hold the merchandise as collateral as security against the customer’s deposit until all amounts due are paid in full. Revenue for layaway sales is recognized when the merchandise is paid in full and delivered to the retail customer. Layaway revenue is also recognized when a customer fails to pay in accordance with the sales contract and the sales item is returned to inventory with the forfeit of deposited funds, typically after 90 days. In our retail operations, in limited circumstances, we exchange merchandise for similar merchandise and/or monetary consideration with both dealers and retail customers, for which we recognize revenue in accordance with Accounting Standards Codification (“ASC”) 845, Nonmonetary Transactions The Company offers our retail customers the option of third party financing for customers wishing to borrow money for the purchase. The customer applies on-line with the third party and upon going through the credit check will be approved or denied. If accepted, the customer is allowed to purchase according to the limits set by the financing company. We recognize the revenue of the sale upon the promise of the financing company to pay. We have a return policy (money-back guarantee). The policy covers retail transactions involving jewelry, graded rare coins and currency only. Customers may return jewelry, graded rare coins and currency purchased within 30 days of the receipt of the items for a full refund as long as the items are returned in exactly the same condition as they were delivered. In the case of jewelry, graded rare coins and currency sales on account, customers may cancel the sale within 30 days of making a commitment to purchase the items. The receipt of a deposit and a signed purchase order evidences the commitment. Any customer may return a jewelry item or graded rare coins and currency if they can demonstrate that the item is not authentic, or there was an error in the description of a graded coin or currency piece. Returns are accounted for as a reversal of the original transaction, with the effect of reducing revenues, and cost of sales, and returning the merchandise to inventory. We have established an allowance for estimated returns related to Fiscal 2018 sales, which is based on our review of historical returns experience, and reduces our reported revenues and cost of sales accordingly. As of June 30, 2019 and December 31, 2018, our allowance for returns remained the same at $28,402 and $28,402, respectively. The Echo Entities are large-scale processors of circuit boards and electronic waste. We are committed to fast and cost-efficient service to many different industries that need to recycle electronic components. There are three main revenue streams within our product mix. The first category is recycling fees, whereby we will receive electronic components and other material to process from a vendor. Upon the determination of the makeup of the materials we charge a processing fee to the vendor and also pay them for items we can sell. Revenue is recognized when service charges are determined after waste materials are sorted and processed. The second revenue stream is outright sales, which is the sale of processed material to a customer after we have sorted material, charged recycling fees and paid our vendors for that material. The sale is recognized when delivery has occurred and title and risk of loss has passed to the buyer upon the notice of bill of sale ending with a cash transaction or evidence of credit extended producing a trade accounts receivable. The third revenue stream is the settlement of precious metals processed from our recycling services. The precious metal we extract is sent to a refiner and is assayed. We recognize revenue when we receive the settlement from the refiner, except at quarter and year end when we accrue any outstanding settlements received after the end of a quarter or year.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	(11) Leases On February 25, 2016, the FASB issued ASU No. 2016-02, Leases (ASC 842). We adopted ASC 842 on January 1, 2019, by applying its provisions prospectively. The financial results reported in periods prior to January 1, 2019 are unchanged. Upon adoption, we recognized all of our leases on the balance sheet as right-of-use assets and lease liabilities. For income statement purposes, the FASB retained a duel model, requiring leases to be classified as either operating of finance. Classification is based on certain criteria and we have determined that all of our retail building leases fall into the operating lease category. Our leases are included in our consolidated balance sheet as right-of-use assets along with the the current operating lease liabilities and long-term operating lease liabilities. We have also applied the ASC 842 provisions to the two leases purchased by the Company related to the Echo Transaction. When the provision was first adopted by the Company on January 1, 2019, we recognized $1,994,840 of operating lease right-of-use assets, $446,462 in short-term operating lease liabilities and $1,609,891 in long-term operating lease liabilities on the consolidated balance sheet. The operating lease liabilities were determined based on the present value of the remaining minimum rental payments and the operating lease right-of-use asset was determined based on the value of the lease liabilities, adjusted for deferred rent balances of $61,500, which were previously included in other liabilities. Due to the acquisition, referred in note (6), we recognized an additional $2,350,781 of operating lease right-of-use assets, $703,523 in short-term operating lease liabilities and $1,647,258 in long-term operating lease liabilities on the consolidated balance sheet. The operating lease liabilities were determined based on the present value of the remaining minimum rental payments and the operating lease right-of-use asset was determined based on the value of the lease liabilities. In determining our right-of-use assets and lease liabilities, we apply a discount rate to the minimum lease payments within each lease agreement. ASC 842 requires us to use the rate of interest that a lessee would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. If we cannot readily determine the discount rate implicit in the lease agreement, we utilize our incremental borrowing rate. The Company has seven operating leases, six in the Dallas/Fort Worth Metroplex and one in Charleston South Carolina. We have four leases expiring next year. Our Euless, Texas lease expires March 31, 2020, with an option for an additional five years which we are reasonably certain to exercise. Our Southlake, Texas location expires July 31, 2020, and with no current options. We will evaluate whether to continue to lease in the present location. Our lease on the main flagship store located at 13022 Preston Road, Dallas, Texas will be expiring October 31, 2021 with no current lease options. The Grand Prairie, Texas lease expires June 30, 2022, and has no current lease options. On April 19, 2018, we entered into an agreement with the landlord in Charleston, South Carolina, to increase the rental space by 2,104 square feet by taking over the vacant suite next door. The lease was amended to include the new space and extended to April 30, 2025. Our two new additional leases were the product of the Echo Tranaction. Both leases are located in Carrollton, Texas. The Belt Line Echo lease expires on December 31, 2020 with an initial option period of 24 months and a second option period of an additional 60 months. A portion of the building is sublet and the rent received is applied against the rental expense for the building. The McKenzie ITAD lease expires July 31, 2021 with no current lease options. All seven leases are triple net leases that we pay our proportionate amount of common area maintenance, property taxes and property insurance. Leasing costs for the three months ending June 30, 2019 and 2018 was $319,975 and $157,969, respectively. These lease costs consist of a combination of minimum lease payments and variable lease costs. As of June 30, 2019, the weighted average remaining lease term and weighted average discount rate for operating leases was 2.4 years and 5.5%, respectively. The Company’s future operating lease obligations that have not yet commenced are immaterial. For the three months ending June 30, 2019 and 2018, the Company’s cash paid for operating lease liabilities was $331,923 and $124,221, respectively. Future annual minimum lease payments as of June 30, 2019: Operating Leases DGSE 2019 (excluding the six months ending June 30, 2019) $ 274,367 2020 550,623 2021 491,540 2022 247,040 2023 223,045 2024 and thereafter 289,327 Total minimum lease payments 2,075,942 Less imputed interest (239,599 ) Subtotal 1,836,343 Echo Entities 2019 (excluding the six months ending June 30, 2019) 330,430 2020 803,661 2021 785,240 2022 582,195 Total minimum lease payments 2,501,526 Less imputed interest (215,362 ) Subtotal 2,286,164 $ 4,122,507

Basic and Diluted Average Share

Basic and Diluted Average Shares	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Basic and Diluted Average Shares	(12) Basic and Diluted Average Shares A reconciliation of basic and diluted weighted average common shares for the three months and six months ended June 30, 2019 and 2018 is as follows: For the Three Months Ended June 30, 2019 2018 Basic weighted average shares 26,924,381 26,924,381 Effect of potential dilutive securities - 166,917 Diluted weighted average shares 26,924,381 27,091,298 For the Six Months Ended June 30, 2019 2018 Basic weighted average shares 26,924,381 26,924,381 Effect of potential dilutive securities - 243,239 Diluted weighted average shares 26,924,381 27,167,620 For the three and six months ended June 30, 2019, there were approximately 15,000 stock options excluded from the earnings per share calculation because their impact is antidilutive. For the three and six months ended June 30, 2018 there were 1,015,000 of common share option, warrants and Restricted Stock Units (RSU’s) unexercised respectively.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Long-Term Debt	(13) Long-Term Debt Outstanding Balance Current June 30, 2019 December 31, 2018 Interest Rate Maturity DGSE Note payable, related party $ 2,907,719 $ - 6.00 % May 16, 2024 Echo Entities Note payable, related party 6,594,041 - 6.00 % May 16, 2024 Sub-Total 9,501,760 - Current portion 272,587 - $ 9,774,347 $ -

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	(14) Stock-Based Compensation The Company accounts for share-based compensation by measuring the cost of the employee services received in exchange for an award of equity instruments, including grants of stock options, based on the fair value of the award at the date of grant. In addition, to the extent that the Company receives an excess tax benefit upon exercise of an award, such benefit is reflected as cash flow from financing activities in the consolidated statement of cash flows. Stock-based compensation expense for the three months and six months ended June 30, 2019 and 2018 was $0 and $0, respectively.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions	(15) Related Party Transactions Through a series of transactions beginning in 2010, Elemetal, NTR and Truscott (“Related Entities”) became the largest shareholders of our common stock, par value $0.01 per share. A certain Related Entity has been DGSE’s primary refiner and bullion trading partner. For the six months ended June 30, 2019, 6% of sales and 2% of purchases were transactions with a certain Related Entity, and in the same period of 2018, these tranactions represented 13% of DGSE’s sales and 3% of DGSE’s purchases. On December 9, 2016, DGSE and a certain Related Entity closed the transactions contemplated by the Debt Exchange Agreement whereby DGSE issued a certain Related Entity 8,536,585 shares of its common stock and a warrant to purchase an additional 1,000,000 shares to be exercised within two years after December 9, 2016, in exchange for the cancellation and forgiveness of $3,500,000 of trade payables owed to a certain Related Entity as a result of bullion-related transactions. The warrant for the additional 1,000,000 expired in December 2018. As of June 30, 2019, the Company was obligated to pay $0 to the certain Related Entity as a trade payable. As of June 30, 2018, the Company was obligated to pay $3,378,960 to the certain Related Entity as a trade payable. For the six months ended June 30, 2019 and 2018, the Company paid the Related Entities $46,068 and $92,530 respectively, in interest on the Company’s outstanding payable. On May 20, 2019, John Loftus, CEO and President of DGSE Companies, Inc., became the largest beneficial shareholder of our common stock, par value $0.01 per share, as reported on Form 13 D/A filed on May 24, 2019. On the same day, Mr. Loftus loaned a wholly owned subsidiary, Corrent Resource Holdings, LLC $6,925,979 to complete the Echo Transaction. Interest and principal payments totaling $49,620 are paid monthly and the loan matures May 16, 2024. Also on the same day, Mr. Loftus loaned the Company $3,074,021 to pay off the certain Related Entities outstanding payable, related party. Interest and principal payments totaling $22,023 are paid monthly and the loan matures May 16, 2024. As of June 30, 2019 and 2018, the Company was obligated to pay Mr. Loftus, as note payable, related party $9,774,347 and $0 respectively. For the six months ended June 30, 2019 and 2018, the Company paid Mr. Loftus $45,990 and $0 respectively, in interest on the Company’s note payable, related party.

Accounting Policies and Estim_2

Accounting Policies and Estimates (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Financial Instruments	Financial Instruments The carrying amounts reported in the condensed consolidated balance sheets for cash equivalents, trade receivables, accounts payable, and accrued expenses approximate fair value because of the immediate or short-term nature of these financial instruments.
Earnings Per Share	Earnings Per Share Basic earnings per common share is computed by dividing net earnings available to holders of the Company’s common stock by the weighted average number of common shares outstanding for the reporting period. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the calculation of diluted earnings per share, the basic weighted average number of shares is increased by the dilutive effect of stock options and warrants outstanding determined using the treasury stock method.
Goodwill	Goodwill Goodwill is not amortized but evaluated for impairment on an annual basis during the fourth quarter of our fiscal year or earlier if events or circumstances indicate the carrying value may be impaired. The Company’s goodwill is related to the Echo Entities only and not the whole Company. The Echo Entities’ have their own separate financial information to perform goodwill impairment testing going forward. The Company will evaluate goodwill based on cash flows for the Echo Entities’ segment. For tax purposes, goodwill is amortized and deductible over fifteen years.
Recent Accounting Pronouncement	Recent Accounting Pronouncement On January 1, 2019 we adopted the new lease accounting standard in Accounting Standards Update No. 2016-02 (“ASU 2016-02”), Leases The Company elected certain of the available transition practical expedients, including those that permit it to not reassess (1) whether any expired or existing contracts are or contain leases, (2) the lease classification for any expired or existing leases, and (3) any initial direct costs for any existing leases as of the effective date. The Company did not elect the hindsight practical expedient, which permits entities to use hindsight in determining the lease term and assessing impairment. The most significant impact of the new guidance was the recognition of right-of-use (“ROU”) assets and liabilities for operating leases. See Note 11 for additional information.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
Schedule of Inventories	A summary of inventories is as follows: June 30, 2019 December 31, 2018 DGSE Jewelry $ 7,718,365 $ 7,001,477 Scrap gold/silver 1,010,669 1,205,111 Bullion 855,071 801,717 Rare coins and Other 420,155 756,789 Subtotal 10,004,260 9,765,094 Echo Entities Electronic components - resale 193,411 - Electronic components - recycle 915,135 - Subtotal 1,108,546 - $ 11,112,806 $ 9,765,094

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment consists of the following: June 30, 2019 December 31, 2018 DGSE Land $ 55,000 $ - Building and improvements 1,561,649 1,529,649 Machinery and equipment 1,039,013 1,039,013 Furniture and fixtures 453,699 453,699 3,109,361 3,022,361 Less: accumulated depreciation (1,821,579 ) (1,701,498 ) Sub-Total 1,287,782 $ 1,320,863 Echo Entities Building and improvements 81,149 - Machinery and equipment 20,732 - Furniture and fixtures 93,827 - 195,708 - Less: accumulated depreciation (10,900 ) - Sub-Total 184,808 - $ 1,472,590 $ 1,320,863

Acquisition (Tables)

Acquisition (Tables)	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Schedule of Assets Acquired of Purchase Price	The preliminary purchase price is allocated as follows: Description Amount Assets Cash $ 1,049,462 Account receivables 1,025,615 Inventories 1,209,203 Prepaids 88,366 Fixed assets 191,208 Right-of-use assets 2,350,781 Other assets 88,998 Liabilities Account payables (723,043 ) Accrued liabilities (721,483 ) Operating lease liabilities (2,350,781 ) Other long-term liabilities (5,457 ) Net assets 2,202,869 Goodwill 4,723,110 Purchase Price $ 6,925,979
Schedule of Pro Forma Information	The following proforma combines the results of the Echo Entities and the Company’s results of operations for the three months ended June 30, 2019 and 2018 as if they were combined the whole quarter: Proforma Combined Proforma Combined For the Three Months Ended For the Three Months Ended June 30, 2019 June 30, 2018 (unaudited) (unaudited) Revenue $ 23,169,924 $ 24,325,768 Income from continuing operations $ 69,197 $ 1,593,361 Net income $ 69,197 $ 1,593,361 Basic net income per common share $ - $ 0.06 Diluted net income per common share $ - $ 0.06

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets consist of the following: June 30, 2019 December 31, 2018 DGSE Domain names $ 41,352 $ 41,352 Point of sale system 300,000 270,000 341,352 311,352 Less: accumulated amortization (105,752 ) (77,002 ) Subtotal 235,600 234,350 Echo Entities - - $ 235,600 $ 234,350

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2019
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses consist of the following: June 30, 2019 December 31, 2018 DGSE Professional fees $ 70,414 $ 149,000 Advertising - 52,590 Board member fees - 7,500 Employee benefits - 10,383 Insurance 136,667 - Payroll 143,540 205,112 Property taxes 114,000 - Sales tax 74,267 111,739 State income tax 33,191 42,879 Subtotal 572,079 579,203 Echo Entities Payroll 40,295 - Sales Tax 4,829 - Credit Card 48,712 - Professional Fees 20,000 State income tax 11,000 - Material & shipping costs (COGS) 262,258 - Subtotal 387,094 - $ 959,173 $ 579,203

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting	The purchase of the Echo Entities has given us two separate lines of businesses, although we feel they are interrelated as businesses that recycle either gold and silver and electronic components we have separated them in into segments as follows: For The Three Months Ended June 30, 2019 DGSE Echo Entities Consolidated Revenue: Sales $ 18,578,637 $ 2,358,800 $ 20,937,437 Cost of goods sold 16,308,809 1,263,313 17,572,122 Gross profit 2,269,828 1,095,487 3,365,315 Expenses: Selling, general and administrative expenses 1,874,598 801,642 2,676,240 Depreciation and amortization 74,449 10,899 85,348 1,949,047 812,541 2,761,588 Operating income 320,781 282,946 603,727 Other (income) expense: Other (income) expense, net (56,728 ) - (56,728 ) Interest expense 25,657 31,852 57,509 Income before income taxes 351,852 251,094 602,946 Income tax expense 7,783 5,636 13,419 Net income per segment $ 344,069 $ 245,458 $ 589,527

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following disaggregation of total revenue is listed by sales category and segment: Three Months Ended June 30, 2019 2018 Revenues Gross Profit Margin Revenues Gross Profit Margin DGSE Jewelry $ 4,093,488 $ 1,240,299 30.3 % $ 4,525,109 $ 1,020,470 22.6 % Bullion/Rare Coin 10,937,998 509,628 4.7 % 6,608,590 847,585 12.8 % Scrap 1,748,028 256,914 14.7 % 1,181,941 233,887 19.8 % Other 1,799,123 262,987 14.6 % 417,622 88,536 21.2 % Subtotal 18,578,637 2,269,828 12.2 % 12,733,262 2,190,478 17.2 % Echo Entities 5/20/19 - 6/30/2019 - - - Recycle 1,588,084 747,819 47.1 % - - - Reuse 770,716 347,668 45.1 % Subtotal 2,358,800 1,095,487 46.4 % - - - $ 20,937,437 $ 3,365,315 16.1 % $ 12,733,262 $ 2,190,478 17.2 % Six Months Ended June 30, 2019 2018 Revenues Gross Profit Margin Revenues Gross Profit Margin DGSE Jewelry $ 8,395,236 $ 2,565,957 30.6 % $ 9,825,072 $ 2,617,091 26.6 % Bullion/Rare Coin 20,922,144 1,025,785 4.9 % 13,708,341 1,401,366 10.2 % Scrap 2,966,179 441,961 14.9 % 2,465,585 443,371 18.0 % Other 2,314,608 454,607 19.6 % 790,137 230,657 29.2 % Subtotal 34,598,167 4,488,310 13.0 % 26,789,135 4,692,485 17.5 % Echo Entities 5/20/19 - 6/30/2019 - - - Recycle 1,588,084 747,819 47.1 % - - - Reuse 770,716 347,668 45.1 % Subtotal 2,358,800 1,095,487 46.4 % - - - $ 36,956,967 $ 5,583,797 15.1 % $ 26,789,135 $ 4,692,485 17.5 %
Schedule of Disaggregation of Revenue Listed by Sales Category and State	The following disaggregation of revenue is listed by sales category, segment and state: TEXAS Three Months Ended June 30, 2019 2018 Revenues Gross Profit Margin Revenues Gross Profit Margin DGSE Jewelry $ 3,863,109 $ 1,139,043 29.5 % $ 4,169,364 $ 908,970 21.8 % Bullion/Rare Coin 10,773,197 481,379 4.5 % 6,514,586 830,976 12.8 % Scrap 1,748,028 256,914 14.7 % 1,181,941 233,887 19.8 % Other 1,459,655 175,553 12.0 % 331,507 32,381 9.8 % Subtotal 17,843,989 2,052,889 11.5 % 12,197,398 2,006,214 16.4 % Echo Entities 5/20/19 - 6/30/2019 - - - Recycle 1,588,084 747,819 47.1 % - - - Reuse 770,716 347,668 45.1 % Subtotal 2,358,800 1,095,487 46.4 % - - - $ 20,202,789 $ 3,148,376 15.6 % $ 12,197,398 $ 2,006,214 16.4 % SOUTH CAROLINA Three Months Ended June 30, 2019 2018 Revenues Gross Profit Margin Revenues Gross Profit Margin DGSE Jewelry $ 230,379 $ 101,256 44.0 % $ 355,745 $ 111,500 31.3 % Bullion/Rare Coin 164,801 28,249 17.1 % 94,004 16,882 18.0 % Other 339,468 87,434 25.8 % 86,115 56,155 65.2 % Subtotal 734,648 216,939 29.5 % 535,864 184,537 34.4 % Echo Entities 5/20/19 - 6/30/2019 - - - - - - Subtotal - - - - - - $ 734,648 $ 216,939 29.5 % $ 535,864 $ 184,537 34.4 % TEXAS Six Months Ended June 30, 2019 2018 Revenues Gross Profit Margin Revenues Gross Profit Margin Jewelry $ 7,757,744 $ 2,267,076 29.2 % $ 8,874,175 $ 2,270,136 25.6 % Bullion/Rare Coin 20,553,475 982,971 4.8 % 13,404,768 1,348,718 10.1 % Scrap 2,966,179 441,961 14.9 % 2,465,585 443,371 18.0 % Other 1,971,378 365,027 18.5 % 647,343 149,981 23.2 % Subtotal 33,248,776 4,057,035 12.2 % 25,391,871 4,212,206 16.6 % Echo Entities 5/20/19 - 6/30/2019 - - - Recycle 1,588,084 747,819 47.1 % - - - Reuse 770,716 347,668 45.1 % Subtotal 2,358,800 1,095,487 46.4 % - - - $ 35,607,576 $ 5,152,522 14.5 % $ 25,391,871 $ 4,212,206 16.6 % SOUTH CAROLINA Six Months Ended June 30, 2019 2018 Revenues Gross Profit Margin Revenues Gross Profit Margin Jewelry $ 637,493 $ 298,881 46.9 % $ 950,897 $ 346,955 36.5 % Bullion/Rare Coin 368,669 42,814 11.6 % 303,573 52,648 17.3 % Other 343,229 89,580 26.1 % 142,794 80,676 56.5 % Subtotal 1,349,391 431,275 32.0 % 1,397,264 480,279 34.4 % Echo Entities 5/20/19 - 6/30/2019 - - - - - - Subtotal - - - - - - $ 1,349,391 $ 431,275 32.0 % $ 1,397,264 $ 480,279 34.4 %

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Schedule of Future Annual Minimum Lease Payments	Future annual minimum lease payments as of June 30, 2019: Operating Leases DGSE 2019 (excluding the six months ending June 30, 2019) $ 274,367 2020 550,623 2021 491,540 2022 247,040 2023 223,045 2024 and thereafter 289,327 Total minimum lease payments 2,075,942 Less imputed interest (239,599 ) Subtotal 1,836,343 Echo Entities 2019 (excluding the six months ending June 30, 2019) 330,430 2020 803,661 2021 785,240 2022 582,195 Total minimum lease payments 2,501,526 Less imputed interest (215,362 ) Subtotal 2,286,164 $ 4,122,507

Basic and Diluted Average Sha_2

Basic and Diluted Average Shares (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of Reconciliation of Basic and Diluted Weighted Average Common Shares	A reconciliation of basic and diluted weighted average common shares for the three months and six months ended June 30, 2019 and 2018 is as follows: For the Three Months Ended June 30, 2019 2018 Basic weighted average shares 26,924,381 26,924,381 Effect of potential dilutive securities - 166,917 Diluted weighted average shares 26,924,381 27,091,298 For the Six Months Ended June 30, 2019 2018 Basic weighted average shares 26,924,381 26,924,381 Effect of potential dilutive securities - 243,239 Diluted weighted average shares 26,924,381 27,167,620

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Outstanding Balance Current June 30, 2019 December 31, 2018 Interest Rate Maturity DGSE Note payable, related party $ 2,907,719 $ - 6.00 % May 16, 2024 Echo Entities Note payable, related party 6,594,041 - 6.00 % May 16, 2024 Sub-Total 9,501,760 - Current portion 272,587 - $ 9,774,347 $ -

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Inventory [Line Items]
Jewelry	$ 7,718,365	$ 7,001,477
Scrap gold/silver	1,010,669	1,205,111
Bullion	855,071	801,717
Rare coins and Other	420,155	756,789
Subtotal	10,004,260	9,765,094
Inventories	11,112,806	9,765,094
Echo Environmental, LLC [Member]
Inventory [Line Items]
Electronic components - resale	193,411
Electronic components - recycle	915,135
Subtotal	1,108,546
Inventories	$ 1,209,203

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross, total	$ 3,109,361	$ 3,022,361
Less: accumulated depreciation	(1,821,579)	(1,701,498)
Property, plant and equipment, sub-total	1,287,782
Total property and equipment	1,472,590	1,320,863
Echo Environmental, LLC [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross, total	195,708
Less: accumulated depreciation	(10,900)
Property, plant and equipment, sub-total	184,808
Total property and equipment	191,208
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross, total	55,000
Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross, total	1,561,649	1,529,649
Building and Improvements [Member] | Echo Environmental, LLC [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross, total	81,149
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross, total	1,039,013	1,039,013
Machinery and Equipment [Member] | Echo Environmental, LLC [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross, total	20,732
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross, total	453,699	453,699
Furniture and Fixtures [Member] | Echo Environmental, LLC [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross, total	$ 93,827

Acquisition (Details Narrative)

Acquisition (Details Narrative)	May 20, 2019USD ($)
Echo Environmental, LLC [Member]
Business acquired to purchase entities	$ 6,925,979

Acquisition - Schedule of Asset

Acquisition - Schedule of Assets Acquired of Purchase Price (Details) - USD ($)	May 20, 2019	Jun. 30, 2019	Dec. 31, 2018
Goodwill		$ 4,723,110
Echo Environmental, LLC [Member]
Cash	$ 1,049,462
Account receivables	1,025,615
Inventories	1,209,203
Prepaids	88,366
Fixed assets	191,208
Right-of-use assets	2,350,781
Other assets	88,998
Account payables	(723,043)
Accrued liabilities	(721,483)
Operating lease liabilities	(2,350,781)
Other long-term liabilities	(5,457)
Net assets	2,202,869
Goodwill	4,723,110
Purchase Price	$ 6,925,979

Acquisition - Schedule of Pro F

Acquisition - Schedule of Pro Forma Information (Details) - Echo Environmental, LLC [Member] - USD ($)	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Revenue	$ 23,169,924	$ 24,325,768
Income from continuing operations	69,197	1,593,361
Net income	$ 69,197	$ 1,593,361
Basic net income per common share		$ 0.06
Diluted net income per common share		$ 0.06

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Intangible assets, gross	$ 341,352	$ 311,352
Less: accumulated amortization	(105,752)	(77,002)
Intangible assets, subtotal
Total intangibles	235,350	234,350
Echo Environmental, LLC [Member]
Intangible assets, gross
Domain Names [Member]
Intangible assets, gross	41,352	41,352
Point of Sale System [Member]
Intangible assets, gross	$ 300,000	$ 270,000

Accrued Expenses - Schedule of

Accrued Expenses - Schedule of Accrued Expenses (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Professional fees	$ 70,414	$ 149,000
Advertising		52,590
Board member fees		7,500
Employee benefits		10,383
Insurance	136,667
Payroll	143,540	205,112
Property taxes	114,000
Sales tax	74,267	111,739
State income tax	33,191	42,879
Subtotal	572,079	579,203
Total accrued expenses	959,173	579,203
Echo Environmental, LLC [Member]
Professional fees	20,000
Payroll	40,295
Sales tax	4,829
State income tax	11,000
Credit Card	48,712
Material & shipping costs (COGS)	262,258
Subtotal	$ 387,094

Segments - Schedule of Segment

Segments - Schedule of Segment Reporting (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Sales	$ 20,937,437	$ 12,733,262	$ 36,956,967	$ 26,789,135
Cost of goods sold	17,572,122	10,542,784	31,373,170	22,096,650
Gross profit	3,365,315	2,190,478	5,583,797	4,692,485
Selling, general and administrative expenses	2,676,240	1,773,912	4,417,581	3,813,947
Depreciation and amortization	85,348	87,732	159,672	177,484
Total expenses	2,761,588	1,861,644	4,577,253	3,991,431
Operating income	603,727	328,834	1,006,544	701,054
Other (income) expense, net	(56,728)	3,030	(53,330)	(52,295)
Interest expense	57,509	45,648	92,058	92,530
Income before income taxes	602,946	280,156	967,816	660,819
Income tax expense	13,419	5,977	23,654	40,433
Net income per segment	589,527	$ 274,179	$ 944,162	$ 620,386
Echo Environmental, LLC [Member]
Sales	2,358,800
Cost of goods sold	1,263,313
Gross profit	1,095,487
Selling, general and administrative expenses	801,642
Depreciation and amortization	10,899
Total expenses	812,541
Operating income	282,946
Other (income) expense, net
Interest expense	31,852
Income before income taxes	251,094
Income tax expense	5,636
Net income per segment	245,458
DGSE [Member]
Sales	18,578,637
Cost of goods sold	16,308,809
Gross profit	2,269,828
Selling, general and administrative expenses	1,874,598
Depreciation and amortization	74,449
Total expenses	1,949,047
Operating income	320,781
Other (income) expense, net	(56,728)
Interest expense	25,657
Income before income taxes	351,852
Income tax expense	7,783
Net income per segment	$ 344,069

Revenue Recognition (Details Na

Revenue Recognition (Details Narrative) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Sales returns and allowances, goods, total	$ 28,402	$ 28,402
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing receivable, percent past due	25.00%

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Disaggregation of Revenue (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 20,937,437	$ 12,733,262	$ 36,956,967	$ 26,789,135
Gross Profit	$ 3,365,315	$ 2,190,478	$ 5,583,797	$ 4,692,485
Margin	16.10%	17.20%	15.10%	17.50%
Echo Environmental, LLC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 2,358,800
Gross Profit	1,095,487
Jewelry [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	4,093,488	$ 4,525,109	$ 8,395,236	$ 9,825,072
Gross Profit	$ 1,240,299	$ 1,020,470	$ 2,565,957	$ 2,617,091
Margin	30.30%	22.60%	30.60%	26.60%
Bullion/Rare Coin [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 10,937,998	$ 6,608,590	$ 20,922,144	$ 13,708,341
Gross Profit	$ 509,628	$ 847,585	$ 1,025,785	$ 1,401,366
Margin	4.70%	12.80%	4.90%	10.20%
Scrap [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 1,748,028	$ 1,181,941	$ 2,966,179	$ 2,465,585
Gross Profit	$ 256,914	$ 233,887	$ 441,961	$ 443,371
Margin	14.70%	19.80%	14.90%	18.00%
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 1,799,123	$ 417,622	$ 2,314,608	$ 790,137
Gross Profit	$ 262,987	$ 88,536	$ 454,607	$ 230,657
Margin	14.60%	21.20%	19.60%	29.20%
Subtotal [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 18,578,637	$ 12,733,262	$ 34,598,167	$ 26,789,135
Gross Profit	$ 2,269,828	$ 2,190,478	$ 4,488,310	$ 4,692,485
Margin	12.20%	17.20%	13.00%	17.50%
Subtotal [Member] | Echo Environmental, LLC [Member] | 5/20/19 - 6/30/2019 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 2,358,800		$ 2,358,800
Gross Profit	$ 1,095,487		$ 1,095,487
Margin	46.40%	0.00%	46.40%	0.00%
Recycle [Member] | Echo Environmental, LLC [Member] | 5/20/19 - 6/30/2019 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 1,588,084		$ 1,588,084
Gross Profit	$ 747,819		$ 747,819
Margin	47.10%	0.00%	47.10%	0.00%
Reuse [Member] | Echo Environmental, LLC [Member] | 5/20/19 - 6/30/2019 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 770,716		$ 770,716
Gross Profit	$ 347,668		$ 347,668
Margin	45.10%	0.00%	45.10%	0.00%

Revenue Recognition - Schedul_2

Revenue Recognition - Schedule of Disaggregation of Revenue Listed by Sales Category and State (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 20,937,437	$ 12,733,262	$ 36,956,967	$ 26,789,135
Gross Profit	$ 3,365,315	$ 2,190,478	$ 5,583,797	$ 4,692,485
Margin	16.10%	17.20%	15.10%	17.50%
Echo Environmental, LLC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 2,358,800
Gross Profit	1,095,487
Texas [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	20,202,789	$ 12,197,398	$ 35,607,576	$ 25,391,871
Gross Profit	$ 3,148,376	$ 2,006,214	$ 5,152,522	$ 4,212,206
Margin	15.60%	16.40%	14.50%	16.60%
South Carolina [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 734,648	$ 535,864	$ 1,349,391	$ 1,397,264
Gross Profit	$ 216,939	$ 184,537	$ 431,275	$ 480,279
Margin	29.50%	34.40%	32.00%	34.40%
South Carolina [Member] | Echo Environmental, LLC [Member] | 5/20/19 - 6/30/2019 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues
Gross Profit
Margin	0.00%	0.00%	0.00%	0.00%
Jewelry [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 4,093,488	$ 4,525,109	$ 8,395,236	$ 9,825,072
Gross Profit	$ 1,240,299	$ 1,020,470	$ 2,565,957	$ 2,617,091
Margin	30.30%	22.60%	30.60%	26.60%
Jewelry [Member] | Texas [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 3,863,109	$ 4,169,364	$ 7,757,744	$ 8,874,175
Gross Profit	$ 1,139,043	$ 908,970	$ 2,267,076	$ 2,270,136
Margin	29.50%	21.80%	29.20%	25.60%
Jewelry [Member] | South Carolina [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 230,379	$ 355,745	$ 637,493	$ 950,897
Gross Profit	$ 101,256	$ 111,500	$ 298,881	$ 346,955
Margin	44.00%	31.30%	46.90%	36.50%
Bullion/Rare Coin [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 10,937,998	$ 6,608,590	$ 20,922,144	$ 13,708,341
Gross Profit	$ 509,628	$ 847,585	$ 1,025,785	$ 1,401,366
Margin	4.70%	12.80%	4.90%	10.20%
Bullion/Rare Coin [Member] | Texas [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 10,773,197	$ 6,514,586	$ 20,553,475	$ 13,404,768
Gross Profit	$ 481,379	$ 830,976	$ 982,971	$ 1,348,718
Margin	4.50%	12.80%	4.80%	10.10%
Bullion/Rare Coin [Member] | South Carolina [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 164,801	$ 94,004	$ 368,669	$ 303,573
Gross Profit	$ 28,249	$ 16,882	$ 42,814	$ 52,648
Margin	17.10%	18.00%	11.60%	17.30%
Scrap [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 1,748,028	$ 1,181,941	$ 2,966,179	$ 2,465,585
Gross Profit	$ 256,914	$ 233,887	$ 441,961	$ 443,371
Margin	14.70%	19.80%	14.90%	18.00%
Scrap [Member] | Texas [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 1,748,028	$ 1,181,941	$ 2,966,179	$ 2,465,585
Gross Profit	$ 256,914	$ 233,887	$ 441,961	$ 443,371
Margin	14.70%	19.80%	14.90%	18.00%
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 1,799,123	$ 417,622	$ 2,314,608	$ 790,137
Gross Profit	$ 262,987	$ 88,536	$ 454,607	$ 230,657
Margin	14.60%	21.20%	19.60%	29.20%
Other [Member] | Texas [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 1,459,655	$ 331,507	$ 1,971,378	$ 647,343
Gross Profit	$ 175,553	$ 32,381	$ 365,027	$ 149,981
Margin	12.00%	9.80%	18.50%	23.20%
Other [Member] | South Carolina [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 339,468	$ 86,115	$ 343,229	$ 142,794
Gross Profit	$ 87,434	$ 56,155	$ 89,580	$ 80,676
Margin	25.80%	65.20%	26.10%	56.50%
Subtotal [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 18,578,637	$ 12,733,262	$ 34,598,167	$ 26,789,135
Gross Profit	$ 2,269,828	$ 2,190,478	$ 4,488,310	$ 4,692,485
Margin	12.20%	17.20%	13.00%	17.50%
Subtotal [Member] | Echo Environmental, LLC [Member] | 5/20/19 - 6/30/2019 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 2,358,800		$ 2,358,800
Gross Profit	$ 1,095,487		$ 1,095,487
Margin	46.40%	0.00%	46.40%	0.00%
Subtotal [Member] | Texas [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 17,843,989	$ 12,197,398	$ 33,248,776	$ 25,391,871
Gross Profit	$ 2,052,889	$ 2,006,214	$ 4,057,035	$ 4,212,206
Margin	11.50%	16.40%	12.20%	16.60%
Subtotal [Member] | Texas [Member] | Echo Environmental, LLC [Member] | 5/20/19 - 6/30/2019 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 2,358,800		$ 2,358,800
Gross Profit	$ 1,095,487		$ 1,095,487
Margin	46.40%	0.00%	46.40%	0.00%
Subtotal [Member] | South Carolina [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 734,648	$ 535,864	$ 1,349,391	$ 1,397,264
Gross Profit	$ 216,939	$ 184,537	$ 431,275	$ 480,279
Margin	29.50%	34.40%	32.00%	34.40%
Subtotal [Member] | South Carolina [Member] | Echo Environmental, LLC [Member] | 5/20/19 - 6/30/2019 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues
Gross Profit
Margin	0.00%	0.00%	0.00%	0.00%
Recycle [Member] | Echo Environmental, LLC [Member] | 5/20/19 - 6/30/2019 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 1,588,084		$ 1,588,084
Gross Profit	$ 747,819		$ 747,819
Margin	47.10%	0.00%	47.10%	0.00%
Recycle [Member] | Texas [Member] | Echo Environmental, LLC [Member] | 5/20/19 - 6/30/2019 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 1,588,084		$ 1,588,084
Gross Profit	$ 747,819		$ 747,819
Margin	47.10%	0.00%	47.10%	0.00%
Reuse [Member] | Echo Environmental, LLC [Member] | 5/20/19 - 6/30/2019 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 770,716		$ 770,716
Gross Profit	$ 347,668		$ 347,668
Margin	45.10%	0.00%	45.10%	0.00%
Reuse [Member] | Texas [Member] | Echo Environmental, LLC [Member] | 5/20/19 - 6/30/2019 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues	$ 770,716		$ 770,716
Gross Profit	$ 347,668		$ 347,668
Margin	45.10%	0.00%	45.10%	0.00%

Leases (Details Narrative)

Leases (Details Narrative)	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)Integer	Jan. 02, 2019USD ($)	Dec. 31, 2018USD ($)	Apr. 19, 2018ft²
Operating lease right-of-use assets	$ 4,016,743		$ 4,016,743
Short-term operating lease liabilities	1,140,852		1,140,852
Long-term operating lease liabilities	2,981,655		$ 2,981,655
Number of operating lease | Integer			7
Lease cost	$ 319,975	$ 157,969
Weighted average remaining lease term	2 years 4 months 24 days		2 years 4 months 24 days
Weighted average discount rate	5.50%		5.50%
Operating lease expenses	$ 331,923	$ 124,221
Euless [Member]
Lease expiration date			Mar. 31, 2020
Southlake [Member]
Lease expiration date			Jul. 31, 2020
Dallas [Member]
Lease expiration date			Oct. 31, 2021
The Grand Prairie [Member]
Lease expiration date			Jun. 30, 2022
Charleston [Member]
Lease expiration date			Apr. 30, 2025
Increase in rental space | ft²						2,104
Echo Environmental, LLC [Member]
Lease expiration date			Dec. 31, 2020
Lease option term, description			Initial option period of 24 months and a second option period of an additional 60 months.
Accounting Standards Update 2016-02 [Member]
Operating lease right-of-use assets				$ 1,994,840
Short-term operating lease liabilities				446,462
Long-term operating lease liabilities				1,609,891
Deferred rent				61,500
Accounting Standards Update 2016-02 [Member] | Echo Environmental, LLC [Member]
Operating lease right-of-use assets				2,350,781
Short-term operating lease liabilities				703,523
Long-term operating lease liabilities				$ 1,647,258

Leases - Schedule of Future Ann

Leases - Schedule of Future Annual Minimum Lease Payments (Details)	Jun. 30, 2019USD ($)
2019 (excluding the three months ending March 31, 2019)	$ 274,367
2020	550,623
2021	491,540
2022	247,040
2023	223,045
2024 and thereafter	289,327
Total minimum lease payments	2,075,942
Less imputed interest	(239,599)
Subtotal	1,836,343
Operating lease liability	4,122,507
Echo Environmental, LLC [Member]
2019 (excluding the three months ending March 31, 2019)	330,430
2020	803,661
2021	785,240
2022	582,195
Total minimum lease payments	2,501,526
Less imputed interest	(215,362)
Subtotal	$ 2,286,164

Basic and Diluted Average Sha_3

Basic and Diluted Average Shares (Details Narrative) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Stock options excluded from the earnings per share	15,000	1,015,000	15,000	1,015,000

Basic and Diluted Average Sha_4

Basic and Diluted Average Shares - Schedule of Reconciliation of Basic and Diluted Weighted Average Common Shares (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Basic weighted average shares	26,924,381	26,924,381	26,924,381	26,924,381
Effect of potential dilutive securities		166,917		243,239
Diluted weighted average shares	26,924,381	27,091,298	26,924,381	27,167,620

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Note payable, related party	$ 9,501,760
Current portion	272,587
Total	$ 9,774,347
Interest Rate	6.00%
Maturity	May 16, 2024
Echo Environmental, LLC [Member]
Interest Rate	6.00%
Maturity	May 16, 2024
Note Payable Related Party [Member]
Note payable, related party	$ 2,907,719
Note Payable Related Party [Member] | Echo Environmental, LLC [Member]
Note payable, related party	$ 6,594,041

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Payment Arrangement [Abstract]
Stock based compensation expenses	$ 0	$ 0	$ 0	$ 0

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	May 20, 2019	Dec. 09, 2016	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Related Party Transaction [Line Items]
Common stock, par value			$ 0.01		$ 0.01		$ 0.01
Concentration risk, percentage			16.10%	17.20%	15.10%	17.50%
Payment of related parties					$ 225,653
Debt instrument maturity date					May 16, 2024
Note payable related parties			$ 9,774,347		$ 9,774,347
Related Entities [Member]
Related Party Transaction [Line Items]
Common stock, par value			$ 0.01		$ 0.01
Due to related parties			$ 0	$ 3,378,960	$ 0	3,378,960
Due from related parties			0	0	0	0
Payment of related parties					$ 46,068	$ 92,530
Related Entities [Member] | Debt Exchange Agreement [Member]
Related Party Transaction [Line Items]
Debt conversion, converted instrument, shares issued		8,536,585
Class of warrant or right, number of securities called by warrants or rights		1,000,000
Debt cancellation and forgiveness		$ 3,500,000
Number of warrants issued		1,000,000
Warrant expired date		Dec. 31, 2018
Related Entities [Member] | Sales [Member]
Related Party Transaction [Line Items]
Concentration risk, percentage					6.00%	13.00%
Related Entities [Member] | Purchases [Member]
Related Party Transaction [Line Items]
Concentration risk, percentage					2.00%	3.00%
John Loftus [Member]
Related Party Transaction [Line Items]
Common stock, par value	$ 0.01
Due to related parties	$ 3,074,021
Payment of related parties					$ 45,990	$ 0
Debt instrument monthly payments	$ 22,023
Debt instrument maturity date	May 16, 2024
Note payable related parties			$ 9,774,347	$ 0	$ 9,774,347	$ 0
John Loftus [Member] | Corrent Resource Holdings, LLC [Member]
Related Party Transaction [Line Items]
Business acquired to purchase entities	$ 6,925,979
Debt instrument monthly payments	$ 49,620
Debt instrument maturity date	May 16, 2024