Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA

v3.21.2
SEGMENT DATA
6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
SEGMENT DATA

12. SEGMENT DATA

 

The Company’s financial position and results of operations are classified into three reportable segments, consistent with how the Chief Operating Decision Maker (“CODM”) makes decisions about resource allocation and assesses the Company’s performance.

 

  Real Estate Development, through AWE, TAR, and GVI, including hospitality and winery operations, which support the ALGODON® brand.
  Fashion (e-commerce), through GGI, including the manufacture and sale of high-end fashion and accessories sold through an e-commerce platform.
  Corporate, consisting of general corporate overhead expenses not directly attributable to any one of the business segments.

 

 

GAUCHO GROUP HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

 

The Company has recast its financial information and disclosures for the prior period to reflect the segment disclosures as if the current presentation had been in effect throughout all periods presented. The following tables present segment information for the three and six months ended June 30, 2021 and 2020:

 

    For the Three Months Ended June 30, 2021     For the Six Months Ended June 30, 2021  
    Real Estate Development     Fashion
(e-commerce)
    Corporate(1)     TOTAL     Real Estate Development     Fashion
(e-commerce)
    Corporate(1)     TOTAL  
Revenues   $ 338,167     $ 2,193     $ -     $ 340,360     $ 606,648     $ 8,751     $ -     $ 615,399  
Revenues from
Foreign Operations
  $ 338,167     $ -     $ -     $ 338,167     $ 606,648     $ -     $ -     $ 606,648  
Loss from
Operations
  $ (148,260 )   $ (248,140 )   $ (898,660 )   $ (1,295,060 )   $ (251,385 )   $ (373,891 )   $ (2,065,654 )   $ (2,690,930 )

 

    For the Three Months Ended June 30, 2020     For the Six Months Ended June 30, 2020  
    Real Estate Development     Fashion
(e-commerce)
    Corporate(1)     TOTAL     Real Estate Development     Fashion
(e-commerce)
    Corporate(1)     TOTAL  
Revenues   $ 117,332     $ -     $ -     $ 117,332     $ 413,569     $ 749     $ -     $ 414,318  
Revenues from
 Foreign Operations
  $ 117,332     $ -     $ -     $ 117,332     $ 413,569     $ -     $ -     $ 413,569  
Loss from
 Operations
  $ (548,425 )   $ (251,695 )   $ (635,239 )   $ (1,435,359 )   $ (846,380 )   $ (569,308 )   $ (1,285,395 )   $ (2,701,083 )

 

(1) Unallocated corporate operating losses resulting from general corporate overhead expenses not directly attributable to any one of the business segments.

 

The following tables present segment information for June 30, 2021 and December 31, 2020:

 

    Real Estate Development     Fashion
(e-commerce)
    Corporate(1)     TOTAL     Real Estate Development     Fashion
(e-commerce)
    Corporate(1)     TOTAL  
    As of June 31, 2021     As of December 31, 2020  
    Real Estate Development     Fashion
(e-commerce)
    Corporate(1)     TOTAL     Real Estate Development     Fashion
(e-commerce)
    Corporate(1)     TOTAL  
Total Property and Equipment, net   $ 3,013,119     $ 2,391     $ 473     $ 3,015,983     $ 2,855,444     $ 4,538     $ 240     $ 2,860,222  
Total Property and Equipment, net in Foreign Countries   $ 3,013,119     $ -     $ -     $ 3,013,119     $ 2,855,444     $ -     $ -     $ 2,855,444  
Total Assets   $ 6,827,820     $ 2,171,484   $ 4,958,999     $ 13,958,303     $ 5,064,401     $ 238,491     $ 667,644     $ 5,970,536