INTANGIBLE ASSETS |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2022 | |||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||
| INTANGIBLE ASSETS |
7. INTANGIBLE ASSETS
On February 3, 2022, the Company purchased the domain name Gaucho.com, in exchange for cash consideration of $34,999 and an aggregate total of 8,614 shares of common stock with an August 14, 2022 value of $39,600. The cost of the domain name is being amortized over its useful life of 15 years; the remaining amortization period related to the domain name as of December 31, 2022 is 14.1 years.
The Company recognized $4,812 and $0 of amortization expense during the years ended December 31, 2022 and 2021, respectively, related to the domain name. Future amortization of the Company’s intangible asset is as follows:
SCHEDULE OF INTANGIBLE ASSETS FUTURE AMORTIZATION
GAUCHO GROUP HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
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- References No definition available.
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- Definition The entire disclosure for all or part of the information related to intangible assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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