For the nine months, the Company recognized losses from the discontinued operations of Superior Galleries of $768,000. As of the third quarter of 2012 the Company believes that it has recognized all material losses related to the discontinued operations of Superior Galleries.As noted earlier, in 2011 the Company had a loss on settlement of debt with a related party of $1.7 million which decreased to $0 in the current year. The prior year loss was incurred in connection with the issuance of 400,000 shares of our common stock to NTR, our majority stockholder, in exchange for $2,000,000 in debt forgiveness.
DGSE Reports Financial Results For Third Quarter Of 2012
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