| SCHEDULE OF DISAGGREGATION OF REVENUE |
The
following table summarizes the revenue recognized in the Company’s condensed consolidated statements of operations:
SCHEDULE OF DISAGGREGATION OF REVENUE
| |
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
| |
|
For
the Three Months Ended |
|
|
For
the Nine Months Ended |
|
| |
|
September
30, |
|
|
September
30, |
|
| |
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Real
estate sales |
|
|
- |
|
|
|
- |
|
|
|
154,959 |
|
|
|
184,659 |
|
| Hotel
rooms and events |
|
|
249,873 |
|
|
|
204,383 |
|
|
|
714,398 |
|
|
|
487,604 |
|
| Restaurants |
|
|
49,382 |
|
|
|
55,764 |
|
|
|
185,389 |
|
|
|
113,357 |
|
| Winemaking |
|
|
74,530 |
|
|
|
93,907 |
|
|
|
150,271 |
|
|
|
153,596 |
|
| Agricultural |
|
|
- |
|
|
|
- |
|
|
|
162,764 |
|
|
|
181,029 |
|
| Golf,
tennis and other |
|
|
27,769 |
|
|
|
65,359 |
|
|
|
84,752 |
|
|
|
118,826 |
|
| Clothes
and accessories |
|
|
62,450 |
|
|
|
21,526 |
|
|
|
170,213 |
|
|
|
32,800 |
|
| Total
revenues |
|
|
464,004 |
|
|
|
440,939 |
|
|
|
1,622,746 |
|
|
|
1,271,871 |
|
|
| SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE |
The
following securities are excluded from the calculation of weighted average dilutive common shares because their inclusion would have
been anti-dilutive:
SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE
| |
|
2023 |
|
|
2022 |
|
| |
|
As
of September 30, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
| Options |
|
|
2,804 |
|
|
|
4,675 |
|
| Warrants |
|
|
456,467 |
|
|
|
60,927 |
|
| Unvested
restricted stock units |
|
|
51,628 |
|
|
|
2,863 |
|
| Convertible
debt |
|
|
3,093,841 |
[1] |
|
|
59,115 |
[2] |
| Total
potentially dilutive shares |
|
|
3,604,739 |
|
|
|
127,580 |
|
| |
[1] |
Represents
shares issuable upon conversion of $4,335,136 in convertible debt, $676,986 of redemption premium and $178,104 of related accrued interest
outstanding as of September 30, 2023 at a conversion price of $1.68 per share, which represents the conversion price in effect as of
September 30, 2023. The conversion price of such debt is variable (see Note 10, Convertible Debt Obligations). |
| |
|
|
| |
[2] |
Represents
shares issuable upon conversion of principal and interest outstanding in the aggregate amount of $2,128,140 at a conversion price of
$36.00 per share. |
|