Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current Assets    
Cash $ 1,210,668 $ 40,378
Accounts receivable, net of allowance of $151,541 and $126,216 at each of September 30, 2020 and December 31, 2019, respectively 319,024 335,622
Accounts receivable - related parties, net of allowance of $450,102 and $514,087 at each of September 30, 2020 and December 31, 2019, respectively 39,837 39,837
Subscription receivable 140,600
Advances to employees 282,140 281,783
Inventory 1,111,798 1,163,260
Real estate lots held for sale 139,492 139,492
Operating lease right-of-use asset 148,581
Investment 58,568 74,485
Deposits, current 38,014
Prepaid expenses and other current assets 226,715 205,309
Total Current Assets 3,566,856 2,428,747
Long Term Assets    
Property and equipment, net 2,816,165 2,914,715
Prepaid foreign taxes, net 498,198 474,130
Investment - related parties 1,731 3,470
Deposits, non-current 99,298
Total Assets 6,882,950 5,920,360
Current Liabilities    
Accounts payable 767,302 823,762
Accrued expenses, current portion 1,374,943 1,122,345
Deferred revenue 888,919 899,920
Operating lease liabilities 157,826
Loans payable, current portion, net of debt discount 503,935 781,719
Loans payable - related parties 139,157 566,132
Debt obligations 1,270,354 1,270,354
Convertible debt obligations 1,955,389
Investor deposits 29,950 29,950
Other current liabilities 88,727 85,945
Total Current Liabilities 7,018,676 5,737,953
Long Term Liabilities    
Accrued expenses, non-current portion 14,919 86,398
Loans payable, non-current portion, net of debt discount 336,487 96,583
Total Liabilities 7,370,082 5,920,934
Commitments and Contingencies
Series B convertible redeemable preferred stock, par value $0.01 per share; 902,670 shares authorized; 901,070 and 902,670 issued and outstanding at September 30, 2020 and December 31, 2019, respectively. Liquidation preference of $10,898,050 at September 30, 2020. 9,010,824 9,026,824
Stockholders' Deficiency    
Common stock, par value $0.01 per share; 150,000,000 shares authorized; 67,974,891 and 60,321,615 shares issued and 67,924,358 and 60,271,082 shares outstanding as of September 30, 2020 and December 31, 2019, respectively. 679,747 603,215
Additional paid-in capital 93,463,770 90,675,518
Accumulated other comprehensive loss (11,999,147) (12,399,833)
Accumulated deficit (91,493,980) (87,886,307)
Treasury stock, at cost, 50,533 shares at September 30, 2020 and December 31, 2019 (46,355) (46,355)
Total Gaucho Group Holdings, Inc. Stockholders' Deficiency (9,395,965) (9,053,762)
Non-controlling interest (101,991) 26,364
Total Stockholders' Deficiency (9,497,956) (9,027,398)
Total Liabilities, Temporary Equity and Stockholders' Deficiency 6,882,950 5,920,360
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.