Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash $ 3,649,407 $ 134,536
Accounts receivable, net of allowance of $229,768 and $180,941 at December 31, 2021 and 2020, respectively 658,091 255,720
Accounts receivable - related parties, net of allowance of $339,503 and $332,130 at December 31, 2021 and 2020, respectively 927,874 252,852
Advances to employees 290,915 282,508
Inventory 1,490,639 1,172,775
Real estate lots held for sale 542,885 139,492
Investment 53,066
Deposits, current 35,854
Prepaid expenses and other current assets 422,129 196,539
Total Current Assets 7,981,940 2,523,342
Long Term Assets    
Accounts receivable, non-current portion, net 3,027,247
Property and equipment, net 3,776,941 2,860,222
Operating lease right-of-use asset 1,667,209
Prepaid foreign taxes, net 804,265 519,499
Investment - related parties 7,000,000 457
Deferred offering costs 67,016
Deposits, non-current 56,130
Total Assets 24,313,732 5,970,536
Current Liabilities    
Accounts payable 507,734 891,168
Accrued expenses, current portion 965,411 1,401,402
Deferred revenue 713,616 933,941
Operating lease liabilities, current portion 175,316
Loans payable, current portion 223,356 437,731
Debt obligations 7,000 1,270,354
Convertible debt obligations, net 5,728,348
Investor deposits 29,950
Other current liabilities 160,578 131,895
Total Current Liabilities 8,481,359 5,096,441
Long Term Liabilities    
Accrued expenses, non-current portion 115,346 169,678
Operating lease liabilities, non-current portion 1,531,183
Loans payable, non-current portion 94,000 310,591
Total Liabilities 10,221,888 5,576,710
Commitments and Contingencies (Note 17)
Series B convertible redeemable preferred stock, par value $0.01 per share; 902,670 shares authorized; 0 and 901,070 issued and outstanding at December 31, 2021 and 2020, respectively 9,010,824
Stockholders’ Equity (Deficiency)    
Common stock, par value $0.01 per share; 150,000,000 shares authorized; 9,881,955 and 5,234,406 shares issued and 9,878,586 and 5,231,037 shares outstanding as of December 31, 2021 and 2020, respectively 98,820 52,344
Additional paid-in capital 121,543,241 96,951,440
Accumulated other comprehensive loss (11,607,446) (11,932,801)
Accumulated deficit (95,726,534) (93,534,828)
Treasury stock, at cost, 3,369 shares at December 31, 2021 and 2020 (46,355) (46,355)
Total Gaucho Group Holdings, Inc. Stockholders’ Equity (Deficiency) 14,261,726 (8,510,200)
Non-controlling interest (169,882) (106,798)
Total Stockholders’ Equity (Deficiency) 14,091,844 (8,616,998)
Total Liabilities, Temporary Equity and Stockholders’ Equity (Deficiency) 24,313,732 5,970,536
Series A Convertible Preferred Stock [Member]    
Stockholders’ Equity (Deficiency)    
Preferred Stock Value