Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.21.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current Assets    
Cash $ 134,536 $ 40,378
Accounts receivable, net of allowance of $180,941 and $126,216 at December 31, 2020 and 2019, respectively 255,720 335,622
Accounts receivable - related parties, net of allowance of $332,130 and $514,087 at December 31, 2020 and 2019, respectively 252,852 39,837
Advances to employees 282,508 281,783
Inventory 1,172,775 1,163,260
Real estate lots held for sale 139,492 139,492
Operating lease right-of-use asset 148,581
Investment 53,066 74,485
Deposits, current 35,854
Prepaid expenses and other current assets 196,539 205,309
Total Current Assets 2,523,342 2,428,747
Long Term Assets    
Property and equipment, net 2,860,222 2,914,715
Prepaid foreign taxes, net 519,499 474,130
Investment - related parties 457 3,470
Deferred offering costs 67,016
Deposits, non-current 99,298
Total Assets 5,970,536 5,920,360
Current Liabilities    
Accounts payable 891,168 823,762
Accrued expenses, current portion 1,401,402 1,122,345
Deferred revenue 933,941 899,920
Operating lease liabilities 157,826
Loans payable, current portion, net of debt discount of $0 and $13,345 at December 31, 2020 and 2019, respectively 437,731 781,719
Loans payable - related parties 566,132
Debt obligations 1,270,354 1,270,354
Investor deposits 29,950 29,950
Other current liabilities 131,895 85,945
Total Current Liabilities 5,096,441 5,737,953
Long Term Liabilities    
Accrued expenses, non-current portion 169,678 86,398
Loans payable, non-current portion, net of debt discount of $0 and $3,417 at December 31, 2020 and 2019, respectively 310,591 96,583
Total Liabilities 5,576,710 5,920,934
Commitments and Contingencies (Note 17)
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 December 31, 2020 and 2019, respectively. Liquidation preference of $9,543,260 at December 31, 2020. 9,010,824 9,026,824
Stockholders' Deficiency    
Common stock, par value $0.01 per share; 150,000,000 shares authorized; 5,234,406 and 4,021,470 shares issued and 5,231,037 and 4,018,101 shares outstanding as of December 31, 2020 and 2019, respectively. 52,344 40,215
Additional paid-in capital 96,951,440 91,238,518
Accumulated other comprehensive loss (11,932,801) (12,399,833)
Accumulated deficit (93,534,828) (87,886,307)
Treasury stock, at cost, 3,369 shares at December 31, 2020 and 2019 (46,355) (46,355)
Total Gaucho Group Holdings, Inc. Stockholders' Deficiency (8,510,200) (9,053,762)
Non-controlling interest (106,798) 26,364
Total Stockholders' Deficiency (8,616,998) (9,027,398)
Total Liabilities, Temporary Equity and Stockholders' Deficiency 5,970,536 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.