Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.22.2.2
PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

   

June 30,

2022

    

December 31,

2021

  
             
Buildings and improvements   $ 3,808,633     $ 2,869,300  
Real estate development     536,778       210,322  
Land     2,187,243       575,233  
Furniture and fixtures     403,560       403,560  
Vineyards     219,766       219,766  
Machinery and equipment     731,538       693,761  
Leasehold improvements     1,335,114       449,401  
Computer hardware and software     284,620       245,978  
 Property and equipment, gross     9,507,252       5,667,321  
Less: Accumulated depreciation and amortization     (1,982,941 )     (1,890,380 )
Property and equipment, net   $ 7,524,311     $ 3,776,941  

 

Depreciation and amortization of property and equipment was approximately $46,000 and $92,000 during the three and six months ended June 30, 2022, respectively, and was approximately $31,000 and $68,000 during the three and six months ended June 30, 2021, respectively.

 

 

GAUCHO GROUP HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)