Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA

v3.22.2.2
SEGMENT DATA
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
SEGMENT DATA

12. 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.

 

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 six months ended June 30, 2022 and 2021:

 

                                                                 
    For the Three Months Ended June 30, 2022     For the Six Months Ended June 30, 2022  
    Real Estate Development     Fashion (e-commerce)     Corporate     TOTAL     Real Estate Development     Fashion (e-commerce)     Corporate     TOTAL  
                                                 
Revenues   $ 399,223     $ 6,112     $ -     $ 405,335     $ 819,658     $ 11,274     $ -     $ 830,932  
Revenues from Foreign Operations   $ 399,223     $ -     $ -     $ 399,223     $ 819,658     $ -     $ -     $ 819,658  
Loss from Operations   $ (1,339,272 )   $ (341,668 )   $ (758,493 )   $ (2,439,433 )   $ (1,725,125 )   $ (700,201 )   $ (1,789,910 )   $ (4,215,236 )

 

                                                                 
    For the Three Months Ended June 30, 2021     For the Six Months Ended June 30, 2021  
    Real Estate Development     Fashion (e-commerce)     Corporate     TOTAL     Real Estate Development     Fashion (e-commerce)     Corporate     TOTAL  
                                                 
Revenues   $ 338,167     $ 2,193     $ -     $ 340,360     $ 606,648     $ 8,751     $ -     $ 615,399  
Revenues from Foreign Operations   $ 338,167     $ -     $ -     $ 338,167     $ 606,648     $ -     $ -     $ 606,648  
Loss from Operations   $ (148,260 )   $ (248,140 )   $ (898,660 )   $ (1,295,060 )   $ (251,385 )   $ (373,891 )   $ (2,065,654 )   $ (2,690,930 )

 

 

GAUCHO GROUP HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

 

The following tables present segment information as of June 30, 2022 and December 31, 2021:

 

                                                                 
    As of June 30, 2022     As of December 31, 2021  
    Real Estate Development     Fashion (e-commerce)     Corporate     TOTAL     Real Estate Development     Fashion (e-commerce)     Corporate     TOTAL  
                                                 
Total Property and Equipment, net   $ 6,167,987     $ 1,338,095     $ 18,229     $ 7,524,311     $ 3,329,351     $ 447,590     $ -     $ 3,776,941  
Total Property and Equipment, net in Foreign Countries   $ 6,167,987     $ -     $ -     $ 6,167,987     $ 3,329,351     $ -     $ -     $ 3,329,351  
Total Assets   $ 20,126,127     $ 3,662,905     $ 1,218,321     $ 25,007,353     $ 17,413,160     $ 2,660,305     $ 4,240,267     $ 24,313,732