| 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 table presents segment information for the three months ended March 31, 2024 and 2023:
SCHEDULE
OF SEGMENT INFORMATION
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For
the Three Months Ended March 31, 2024 |
|
|
For
the Three Months Ended March 31, 2023 |
|
| |
|
Real |
|
|
|
|
|
|
|
|
|
|
|
Real |
|
|
|
|
|
|
|
|
|
|
| |
|
Estate |
|
|
Fashion |
|
|
|
|
|
|
|
|
Estate |
|
|
Fashion |
|
|
|
|
|
|
|
| |
|
Development |
|
|
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
|
Development |
|
|
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
| Revenues |
|
$ |
532,437 |
|
|
$ |
54,941
|
|
|
$ |
- |
|
|
$ |
587,378 |
|
|
$ |
382,385 |
|
|
$ |
65,382
|
|
|
$ |
- |
|
|
$ |
447,767 |
|
| Revenues
from Foreign Operations |
|
$ |
532,437 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
532,437 |
|
|
$ |
382,385 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
382,385 |
|
| Loss
from Operations |
|
$ |
(250,032 |
) |
|
$ |
(455,287 |
) |
|
$ |
(1,545,930 |
) |
|
$ |
(2,251,249 |
) |
|
$ |
(334,004 |
) |
|
$ |
(492,199 |
) |
|
$ |
(1,119,802 |
) |
|
$ |
(1,946,005 |
) |
GAUCHO
GROUP HOLDINGS, INC. AND SUBSIDIARIES
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
The
following table presents segment information as of March 31, 2024 and December 31, 2023.
| |
|
Real |
|
|
|
|
|
|
|
|
|
|
|
Real |
|
|
|
|
|
|
|
|
|
|
| |
|
As
of March 31, 2024 |
|
|
As
of December 31, 2023 |
|
| |
|
Real |
|
|
|
|
|
|
|
|
|
|
|
Real |
|
|
|
|
|
|
|
|
|
|
| |
|
Estate |
|
|
Fashion |
|
|
|
|
|
|
|
|
Estate |
|
|
Fashion |
|
|
|
|
|
|
|
| |
|
Development |
|
|
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
|
Development |
|
|
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
| Total
Property and Equipment, net |
|
$ |
6,742,806 |
|
|
$ |
999,103
|
|
|
$ |
- |
|
|
$ |
7,741,909 |
|
|
$ |
6,651,946 |
|
|
$ |
1,154,424
|
|
|
$ |
- |
|
|
$ |
7,806,370 |
|
| Total
Property and Equipment, net in Foreign Countries |
|
$ |
6,742,806 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
6,742,806 |
|
|
$ |
6,651,946 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
6,651,946 |
|
| Total
Assets |
|
$ |
13,072,848 |
|
|
$ |
2,802,254 |
|
|
$ |
494,211 |
|
|
$ |
16,369,313 |
|
|
$ |
13,004,982 |
|
|
$ |
3,110,117 |
|
|
$ |
445,226 |
|
|
$ |
16,560,325 |
|
|