Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current Assets    
Cash $ 40,378 $ 58,488
Accounts receivable, net of allowance of $126,216 and $1,681 at December 31, 2019 and 2018, respectively 335,622 457,745
Accounts receivable - related parties, net of allowance of $514,087 at each of December 31, 2019 and 2018, respectively 39,837 71,650
Advances to employees 281,783 281,783
Inventory 1,163,260 1,033,895
Real estate lots held for sale 139,492 139,492
Operating lease right-of-use asset 148,581
Investment 74,485
Prepaid expenses and other current assets 205,309 193,360
Total Current Assets 2,428,747 2,236,413
Long Term Assets    
Property and equipment, net 2,914,715 2,972,364
Prepaid foreign taxes, net 474,130 369,590
Investment - related parties 3,470 7,840
Deposits 99,298 61,284
Total Assets 5,920,360 5,647,491
Current Liabilities    
Accounts payable 823,762 497,817
Accrued expenses, current portion 1,122,345 1,185,367
Deferred revenue 899,920 1,038,492
Operating lease liabilities 157,826
Loans payable, current portion, net of debt discount 781,719 871,106
Loans payable - related parties 566,132
Debt obligations, net of discount 1,270,354 2,732,654
Investor deposits 29,950
Other current liabilities 85,945 99,901
Total Current Liabilities 5,737,953 6,425,337
Long Term Liabilities    
Accrued expenses, non-current portion 86,398 57,786
Loans payable, non-current portion, net of debt discount 96,583 234,791
Total Liabilities 5,920,934 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 December 31, 2019 and 2018, respectively. Liquidation preference of $10,376,284 at December 31, 2019. 9,026,824 9,026,824
Stockholders' Deficiency    
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 December 31, 2019 and 2018, respectively. 603,215 467,384
Additional paid-in capital 90,675,518 83,814,442
Accumulated other comprehensive loss (12,399,833) (13,110,219)
Accumulated deficit (87,886,307) (81,222,499)
Treasury stock, at cost, 50,533 shares at December 31, 2019 and 2018 (46,355) (46,355)
Total Gaucho Group Holdings, Inc. Stockholders' Deficiency (9,053,762) (10,097,247)
Non-controlling interest 26,364
Total Stockholders' Deficiency (9,027,398) (10,097,247)
Total Liabilities, Temporary Equity and Stockholders' Deficiency 5,920,360 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.