Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current Assets    
Cash $ 368,164 $ 58,488
Accounts receivable, net 542,623 457,745
Accounts receivable - related parties, net of allowance of $514,087 at each of June 30, 2019 and December 31, 2018 301,711 71,650
Advances to employees 281,783 281,783
Inventory 1,230,011 1,033,895
Real estate lots held for sale 123,265 139,492
Operating lease right-of-use asset, current portion 216,466
Prepaid expenses and other current assets 148,914 193,360
Total Current Assets 3,212,937 2,236,413
Long Term Assets    
Property and equipment, net 2,981,312 2,972,364
Operating lease right-of-use asset, non-current portion 37,145
Prepaid foreign taxes, net 415,483 369,590
Investment - related parties 6,067 7,840
Deposits 61,284 61,284
Total Assets 6,714,228 5,647,491
Current Liabilities    
Accounts payable 464,235 497,817
Accrued expenses, current portion 1,187,114 1,185,367
Deferred revenue 903,761 1,038,492
Operating lease liabilities, current portion 229,145
Loans payable, current portion, net of debt discount 824,541 871,106
Convertible debt obligations, net of debt discount 1,320,354 2,732,654
Current portion of other liabilities 85,223 99,901
Total Current Liabilities 5,014,373 6,425,337
Long Term Liabilities    
Accrued expenses, non-current portion 104,121 57,786
Operating lease liabilities, non-current portion 39,457
Loans payable, non-current portion, net of debt discount 196,323 234,791
Total Liabilities 5,354,274 6,717,914
Commitments and Contingencies
Series B convertible redeemable preferred stock, par value $0.01 per share, 902,670 shares authorized, issued and outstanding at June 30, 2019 and December 31, 2018, respectively. Liquidation preference of $10,012,792 at June 30, 2019. 9,026,824 9,026,824
Stockholders' Deficiency    
Preferred stock, 11,000,000 shares authorized: Series A convertible preferred stock, par value $0.01 per share; 10,097,330 shares authorized; no shares are available for issuance.
Common stock, par value $0.01 per share; 80,000,000 shares authorized; 55,602,590 and 46,738,533 shares issued and 55,552,057 and 46,688,000 shares outstanding as of June 30, 2019 and December 31, 2018, respectively. 556,025 467,384
Additional paid-in capital 87,078,128 83,814,442
Accumulated other comprehensive loss (12,744,802) (13,110,219)
Accumulated deficit (84,570,065) (81,222,499)
Treasury stock, at cost, 50,533 shares at June 30, 2019 and December 31, 2018 (46,355) (46,355)
Total Gaucho Group Holdings, Inc Stockholders' Deficiency (9,727,069) (10,097,247)
Non-controlling interest 2,060,199
Total Stockholders' Deficiency (7,666,870) (10,097,247)
Total Liabilities, Temporary Equity and Stockholders' Deficiency 6,714,228 5,647,491
Series A Convertible Preferred Stock [Member]    
Stockholders' Deficiency    
Preferred stock, 11,000,000 shares authorized: Series A convertible preferred stock, par value $0.01 per share; 10,097,330 shares authorized; no shares are available for issuance.