Gaucho Group Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Leases

Leases

3 Months Ended

Mar. 31, 2019

12. LEASES

The Company leases one corporate office through an operating lease agreement. The Company has an obligation for its corporate office located in New York, New York, through 2020. As of March 31, 2019, the lease had a remaining term of approximately 1.4 years. Over the duration of the lease, payments will escalate 3% every year.

As of March 31, 2019, the Company had no leases that were classified as a financing lease. As of March 31, 2019, the Company did not have additional operating and financing leases that have not yet commenced.

Total operating lease expenses for the three months ended March 31, 2019 was $57,816 and is recorded in general and administrative expenses on the condensed consolidated statements of operations. Total rent expense for the three months ended March 31, 2018 was $56,892 and is recorded in general and administrative expenses on the condensed consolidated statements of operations.

Supplemental cash flows information related to leases was as follows:

	Three Months Ended
	March 31, 2019

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	59,499

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	361,020

Weighted Average Remaining Lease Term:
Operating leases		1.42 years

Weighted Average Discount Rate:
Operating leases		8.0	%

Future minimum payments under non-cancellable leases as of March 31, 2019 were as follows:

For the Years Ending December 31,	Amount

2019	$	180,877
2020		163,424
Total future minimum lease payments		344,301
Less: imputed interest		(20,312	)
Total	$	323,989