Gaucho Group Holdings, Inc. General form of registration statement for all companies including face-amount certificate companies

Loans Payable (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2020

Dec. 31, 2019

The Company’s loans payable are summarized below:

	September 30, 2020						December 31, 2019
	Gross Principal Amount		Debt Discount		Loans Payable, Net of Debt Discount		Gross Principal Amount		Debt Discount			Loans Payable, Net of Debt Discount

PPP Loan	$	242,487	$	-	$	242,487	$	-	$	-		$	-
EIDL		94,000		-		94,000		-		-			-
2020 Demand Loan		16,278		-		16,278		-		-			-
2018 Demand Loan		-		-		-		6,678		-			6,678
2018 Loan		310,149		-		310,149		352,395		-			352,395
2017 Loan		16,682		-		16,682		67,491		-			67,491
Land Loan		160,826		-		160,826		468,500		(16,762	)		451,738
Total Loans Payable		840,422		-		840,422		895,064		(16,762	)		878,302
Less: current portion		503,935		-		503,935		795,064		(13,345	)		781,719
Loans Payable, non-current	$	336,487	$	-	$	336,487	$	100,000	$	(3,417	)	$	96,583

The Company’s loans payable are summarized below:

	December 31, 2019							December 31, 2018
	Gross Principal Amount		Debt Discount			Loans Payable, Net of Debt Discount		Gross Principal Amount		Debt Discount			Loans Payable, Net of Debt Discount

Demand Loan	$	6,678	$	-		$	6,678	$	10,647	$	-		$	10,647
2018 Loan		352,395		-			352,395		464,739		-			464,739
2017 Loan		67,491		-			67,491		168,609		-			168,609
Land Loan		468,500		(16,762	)		451,738		500,000		(38,098	)		461,902
Total Loans Payable		895,064		(16,762	)		878,302		1,143,995		(38,098	)		1,105,897
Less: current portion		795,064		(13,345	)		781,719		893,995		(22,889	)		871,106
Loans Payable, non-current	$	100,000	$	(3,417	)	$	96,583	$	250,000	$	(15,209	)	$	234,791

Future minimum principal payments under the loans payable are as follows: