Quarterly report pursuant to Section 13 or 15(d)

INVENTORY

v3.23.3
INVENTORY
 9 Months Ended
Sep. 30, 2023
Inventory Disclosure [Abstract]  
INVENTORY

4. INVENTORY

 

Inventory at September 30, 2023 and December 31, 2022 was comprised of the following:

 

    September 30,
2023		     December 31,
2022		  
             
Vineyard in process   $ 477,293     $ 516,096  
Wine in process     818,133       797,862  
Finished wine     31,214       40,735  
Clothes and accessories     1,038,360       552,581  
Other     188,004       82,423  
Inventory gross     2,553,004       1,989,697  
Less: Reserve for obsolescence     (223,960 )     (100,735 )
Total   $ 2,329,044     $ 1,888,962  

 

The Company recorded a provision for obsolete inventory in the amount of $23,902 and $123,225 during the three and nine months ended September 30, 2023, respectively, and recorded a provision for obsolete inventory in the amount of $0 and $115,563 during the three and nine months ended September 30, 2022, respectively.

 

 

GAUCHO GROUP HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS