| 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, 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
nine months ended September 30, 2021 and 2020:
SCHEDULE
OF SEGMENT INFORMATION
| |
|
For
the Three Months Ended September 30, 2021 |
|
|
For
the Nine Months Ended September 30, 2021 |
|
| |
|
Real
Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate(1) |
|
|
TOTAL |
|
|
Real
Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate(1) |
|
|
TOTAL |
|
| Revenues |
|
$ |
2,603,757 |
|
|
$ |
1,401 |
|
|
$ |
- |
|
|
$ |
2,605,158 |
|
|
$ |
3,210,405 |
|
|
$ |
10,152 |
|
|
$ |
- |
|
|
$ |
3,220,557 |
|
| Revenues
from Foreign Operations |
|
$ |
2,603,757 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
2,603,757 |
|
|
$ |
3,210,405 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
3,210,405 |
|
Income (Loss)
from Operations |
|
$ |
2,107,400 |
|
|
$ |
(311,853 |
) |
|
$ |
(908,324 |
) |
|
$ |
887,223 |
|
|
$ |
1,856,015 |
|
|
$ |
(685,744 |
) |
|
$ |
(2,973,978 |
) |
|
$ |
(1,803,707 |
) |
|
|
For
the Three Months Ended September 30, 2020 |
|
|
For
the Nine Months Ended September 30, 2020 |
|
| |
|
Real
Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate(1) |
|
|
TOTAL |
|
|
Real
Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate(1) |
|
|
TOTAL |
|
| Revenues |
|
$ |
60,228 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
60,228 |
|
|
$ |
473,797 |
|
|
$ |
749 |
|
|
$ |
- |
|
|
$ |
474,546 |
|
Revenues from Foreign
Operations |
|
$ |
60,228 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
60,228 |
|
|
$ |
473,797 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
473,797 |
|
Loss from Operations |
|
$ |
(48,463 |
) |
|
$ |
(154,612 |
) |
|
$ |
(804,012 |
) |
|
$ |
(1,007,087 |
) |
|
$ |
(894,842 |
) |
|
$ |
(723,921 |
) |
|
$ |
(2,089,407 |
) |
|
$ |
(3,708,170 |
) |
The
following tables present segment information for September 30, 2021 and December 31, 2020:
| |
|
As
of September 30, 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 |
|
$ |
3,392,127 |
|
|
$ |
4,350 |
|
|
$ |
473 |
|
|
$ |
3,396,950 |
|
|
$ |
2,855,444 |
|
|
$ |
4,538 |
|
|
$ |
240 |
|
|
$ |
2,860,222 |
|
| Total
Property and Equipment, net in Foreign Countries |
|
$ |
3,392,127 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
3,392,127 |
|
|
$ |
2,855,444 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
2,855,444 |
|
| Total
Assets |
|
$ |
11,889,707 |
|
|
$ |
2,219,086 |
|
|
$ |
3,505,100 |
|
|
$ |
17,613,893 |
|
|
$ |
5,064,401 |
|
|
$ |
238,491 |
|
|
$ |
667,644 |
|
|
$ |
5,970,536 |
|
| (1) |
|
Unallocated corporate
operating losses resulting from general corporate overhead expenses not directly attributable to any one of the business segments. |
|