Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 508,372 $ 58,488
Accounts receivable, net 485,501 457,745
Accounts receivable - related parties, net of allowance of $514,087 at each of September 30, 2019 and December 31, 2018 376,615 71,650
Advances to employees 281,783 281,783
Inventory 1,222,136 1,033,895
Real estate lots held for sale 139,492 139,492
Operating lease right-of-use asset 200,501
Prepaid expenses and other current assets 307,481 193,360
Total Current Assets 3,521,881 2,236,413
Long Term Assets    
Property and equipment, net 2,968,459 2,972,364
Prepaid foreign taxes, net 461,516 369,590
Investment - related parties 5,038 7,840
Deposits 61,284 61,284
Total Assets 7,018,178 5,647,491
Current Liabilities    
Accounts payable 489,558 497,817
Accrued expenses, current portion 1,031,322 1,185,367
Deferred revenue 892,847 1,038,492
Operating lease liabilities 213,214
Loans payable, current portion, net of debt discount 764,444 871,106
Debt obligations, net of debt discount 1,270,354 2,732,654
Current portion of other liabilities 85,223 99,901
Total Current Liabilities 4,746,962 6,425,337
Long Term Liabilities    
Accrued expenses, non-current portion 71,099 57,786
Loans payable, non-current portion, net of debt discount 143,586 234,791
Total Liabilities 4,961,647 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 September 30, 2019 and December 31, 2018, respectively. Liquidation preference of $10,194,538 at September 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; 60,321,615 and 46,738,533 shares issued and 60,271,082 and 46,688,000 shares outstanding as of September 30, 2019 and December 31, 2018, respectively. 603,215 467,384
Additional paid-in capital 88,787,775 83,814,442
Accumulated other comprehensive loss (12,379,452) (13,110,219)
Accumulated deficit (85,886,569) (81,222,499)
Treasury stock, at cost, 50,533 shares at September 30, 2019 and December 31, 2018 (46,355) (46,355)
Total Gaucho Group Holdings, Inc Stockholders' Deficiency (8,921,386) (10,097,247)
Non-controlling interest 1,951,093
Total Stockholders' Deficiency (6,970,293) (10,097,247)
Total Liabilities, Temporary Equity and Stockholders' Deficiency 7,018,178 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.