Gaucho Group Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	18. SUBSEQUENT EVENTS On February 3, 2022, the Company purchased the domain name Gaucho.com for $25,000 in cash and 15,000 shares of common stock, subject to adjustment. The seller is entitled to additional shares if the closing price per share is less than $2.64 on August 14,2022, such that the value of the total shares issued to the seller collectively has a fair market value of $36,900. On February 3, 2022, the Company, through its subsidiaries, acquired 100% of Hollywood Burger Argentina S.R.L., now Gaucho Development S.R.L., in exchange for issuing 1,283,423 shares of its common stock to Hollywood Burger Holdings, Inc, a company with whom GGH shares common management. On February 28, 2022, the Company, a current 79% shareholder of Gaucho Group, Inc., a Delaware corporation and private company (“GGI”) offered to purchase up to 5,266,509 shares of common stock of GGI in exchange for an aggregate of approximately 1,042,788 shares of common stock of the Company, upon the terms and subject to the conditions set forth in the Offer to Purchase and in the related Share Exchange and Subscription Agreement. On March 28, 2022, the Company issued 1,042,788 shares of its common stock to the minority holders of GGI, in exchange for the remaining 21% ownership of GGI. Foreign Currency Exchange Rates The Argentine Peso to United States Dollar exchange rate was 110.7058, 102.6834 and 84.0747 at March 28, 2022, December 31, 2021 and December 31, 2020, respectively. The British pound to United States dollar exchange rate was 0.7620, 0.7340 and 0.7325 at March 28, 2021, December 31, 2021 and December 31, 2020, respectively.

SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2021

18. SUBSEQUENT EVENTS

On February 3, 2022, the Company purchased the domain name Gaucho.com for $25,000 in cash and 15,000 shares of common stock, subject to adjustment. The seller is entitled to additional shares if the closing price per share is less than $2.64 on August 14,2022, such that the value of the total shares issued to the seller collectively has a fair market value of $36,900.

On February 3, 2022, the Company, through its subsidiaries, acquired 100% of Hollywood Burger Argentina S.R.L., now Gaucho Development S.R.L., in exchange for issuing 1,283,423 shares of its common stock to Hollywood Burger Holdings, Inc, a company with whom GGH shares common management.

On February 28, 2022, the Company, a current 79% shareholder of Gaucho Group, Inc., a Delaware corporation and private company (“GGI”) offered to purchase up to 5,266,509 shares of common stock of GGI in exchange for an aggregate of approximately 1,042,788 shares of common stock of the Company, upon the terms and subject to the conditions set forth in the Offer to Purchase and in the related Share Exchange and Subscription Agreement. On March 28, 2022, the Company issued 1,042,788 shares of its common stock to the minority holders of GGI, in exchange for the remaining 21% ownership of GGI.

Foreign Currency Exchange Rates

The Argentine Peso to United States Dollar exchange rate was 110.7058, 102.6834 and 84.0747 at March 28, 2022, December 31, 2021 and December 31, 2020, respectively.

The British pound to United States dollar exchange rate was 0.7620, 0.7340 and 0.7325 at March 28, 2021, December 31, 2021 and December 31, 2020, respectively.