UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 28, 2004
DGSE COMPANIES, INC.
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(Exact name of registrant as specified in its charter)
NEVADA
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(State or other jurisdiction of incorporation)
1-11048 88-0097334
(Commission file number) (IRS employer identification number)
2817 Forest Lane, Dallas, Texas 75234
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(Address of principal executive office)
Registrant's telephone number, including area code: (972)484-3662
Item 5. Acquisition or Disposition of Assets:
On July 28, 2004 DGSE COMPANIES, INC. ("the Company") sold the goodwill, trade
name and other non-financial assets of the Company's wholly owned subsidiary
Silverman Consultants, Inc. involved in the business of conducting in-store
liquidation for others. These assets were purchased by Silverman Group, LLC
("the Buyer"). The Buyer is unrelated to the Company or to any officer or
director of the Company. The Company's cost basis in the assets sold was
$314,000. The purchase price for these assets was $600,000 consisting of cash in
the amount of $ 150,000 and a note in the amount of $450,000.
Item 7. Financial Statements and Exhibits.
SIGNATURE
In accordance with section 13 and 15(d) of the Exchange Act, the Registrant has
dully caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
DGSE COMPANIES, Inc.
/s/ Dr. L.S. Smith
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Dr. L.S. Smith
Chairman of the Board
Dated: July 30, 2004