| SEGMENT DATA |
11.
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
following tables present segment information for the three months ended June 30, 2023 and 2022:
SCHEDULE OF SEGMENT INFORMATION
| |
|
Real Estate
Development
|
|
|
Fashion
(e-commerce)
|
|
|
Corporate |
|
|
TOTAL |
|
|
Real Estate
Development
|
|
|
Fashion
(e-commerce)
|
|
|
Corporate |
|
|
TOTAL |
|
| |
|
For the Three Months Ended June 30, 2023 |
|
|
For the Six Months Ended June 30, 2023 |
|
| |
|
Real Estate
Development
|
|
|
Fashion
(e-commerce)
|
|
|
Corporate |
|
|
TOTAL |
|
|
Real Estate
Development
|
|
|
Fashion
(e-commerce)
|
|
|
Corporate |
|
|
TOTAL |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
$ |
670,594 |
|
|
$ |
40,381 |
|
|
$ |
- |
|
|
$ |
710,975 |
|
|
$ |
1,052,979 |
|
|
$ |
105,763 |
|
|
$ |
- |
|
|
$ |
1,158,742 |
|
| Revenues from Foreign Operations |
|
$ |
670,594 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
670,594 |
|
|
$ |
1,052,979 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
1,052,979 |
|
| Loss from Operations |
|
$ |
(123,767 |
) |
|
$ |
(463,126 |
) |
|
$ |
(1,398,694 |
) |
|
$ |
(1,985,587 |
) |
|
$ |
(457,771 |
) |
|
$ |
(955,325 |
) |
|
$ |
(2,518,496 |
) |
|
$ |
(3,931,592 |
) |
| |
|
Real Estate
Development
|
|
|
Fashion
(e-commerce)
|
|
|
Corporate |
|
|
TOTAL |
|
|
Real Estate
Development
|
|
|
Fashion
(e-commerce)
|
|
|
Corporate |
|
|
TOTAL |
|
| |
|
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 |
) |
GAUCHO GROUP HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
The
following tables present segment information as of June 30, 2023 and December 31, 2022:
| |
|
Real Estate
Development
|
|
|
Fashion
(e-commerce)
|
|
|
Corporate |
|
|
TOTAL |
|
|
Real Estate
Development
|
|
|
Fashion
(e-commerce)
|
|
|
Corporate |
|
|
TOTAL |
|
| |
|
As of June 30, 2023 |
|
|
As of December 31, 2022 |
|
| |
|
Real Estate
Development
|
|
|
Fashion
(e-commerce)
|
|
|
Corporate |
|
|
TOTAL |
|
|
Real Estate
Development
|
|
|
Fashion
(e-commerce)
|
|
|
Corporate |
|
|
TOTAL |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Property and Equipment, net |
|
$ |
6,586,322 |
|
|
$ |
1,271,163 |
|
|
$ |
- |
|
|
$ |
7,857,485 |
|
|
$ |
6,234,856 |
|
|
$ |
1,369,205 |
|
|
$ |
17,196 |
|
|
$ |
7,621,257 |
|
| Total Property and Equipment, net in Foreign Countries |
|
$ |
6,586,322 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
6,586,322 |
|
|
$ |
6,234,856 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
6,234,856 |
|
| Total Assets |
|
$ |
14,282,151 |
|
|
$ |
3,330,807 |
|
|
$ |
1,606,456 |
|
|
$ |
19,219,414 |
|
|
$ |
13,504,914 |
|
|
$ |
3,522,415 |
|
|
$ |
1,665,656 |
|
|
$ |
18,692,985 |
|
|