Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS

v3.23.1
INTANGIBLE ASSETS
12 Months Ended
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

For the years ended December 31,      
2023   $ 4,973  
2024     4,973  
2025     4,973  
2026     4,973  
2027     4,973  
Thereafter     44,922  
Total   $ 69,787  

 

 

GAUCHO GROUP HOLDINGS, INC. AND SUBSIDIARIES

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS