Annual report pursuant to Section 13 and 15(d)

SEGMENT DATA

v3.22.1
SEGMENT DATA
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
SEGMENT DATA

13. SEGMENT DATA

 

The Company’s financial position and results of operations are classified into three reportable segments, consistent with how the CODM makes decisions about resource allocation and assesses the Company’s performance.

 

  Real Estate Development, through AWE and TAR, 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 CONSOLIDATED FINANCIAL STATEMENTS

 

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 year ended December 31, 2021 and 2020:

 SCHEDULE OF SEGMENT INFORMATION

    For the Year ended December 31, 2021   For the Year ended December 30, 2020
                                 
    Real Estate Development   Fashion
(e-commerce)
  Corporate(1)   TOTAL   Real Estate Development   Fashion
(e-commerce)
  Corporate(1)   TOTAL
Revenues   $ 4,898,831     $ 16,408     $ -     $ 4,915,240     $ 632,628     $ 3,161     $ -     $ 635,789  
Revenues from Foreign Operations   $ 4,899,288     $ -     $ -     $ 4,899,288     $ 632,628     $ -     $ -     $ 632,628  
Depreciation and Amortization   $ 136,766     $ 3,773     $ 5,114     $ 145,653     $ 127,692     $ 2,147     $ 40,350     $ 170,189  
Loss from Operations   $ 3,032,625     $ (970,154 )   $ (4,475,249 )   $ (2,412,778 )   $ (1,162,615 )   $ (745,298 )   $ (3,458,013 )   $ (5,365,926 )
Interest Expense, net   $ 77,316     $ 1,724     $ 269,058     $ 348,098     $ 60,986     $ 7,010     $ 177,178     $ 245,174  
Net Income (loss)   $ 3,084,680     $ (971,877 )   $ (4,501,820 )   $ (2,389,018 )   $ (1,040,681 )   $ (752,308 )   $ (3,988,694 )   $ (5,781,683 )
Capital Expenditures   $ 1,493,093     $ 452,173     $ -     $ 1,945,266     $ 114,673     $ -     $ 781     $ 115,454  
Total Property and Equipment, net   $ 3,329,351   $ 447,590     $ -     $ 3,776,941     $ 2,855,444     $ 4,538     $ 240     $ 2,860,222  
Total Property and Equipment, net in Foreign Countries   $ 3,329,351     $ -     $ -     $ 3,329,351     $ 2,855,444     $ -     $ -     $ 2,855,444  
Total Assets   $ 17,413,160     $ 2,660,305     $ 4,240,267     $ 24,313,732     $ 5,064,401     $ 238,491     $ 667,644     $ 5,970,536