Gaucho Group Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

ACCRUED EXPENSES

ACCRUED EXPENSES

6 Months Ended

Jun. 30, 2024

Payables and Accruals [Abstract]

ACCRUED EXPENSES

6. ACCRUED EXPENSES

Accrued expenses are comprised of the following:

SCHEDULE OF ACCRUED EXPENSES

	June 30,		December 31,
	2024		2023

Accrued compensation and payroll taxes	$	1,596,702	$	1,803,869
Accrued taxes payable - Argentina		164,855		84,494
Accrued insurance expense		18,176		36,352
Accrued consulting fees		72,139		74,512
Accrued commissions		22,307		66,267
Accrued interest		333,067		130,280
Accrued cash true up obligation (see Note 10)		1,484,677		1,484,677
Accrued rent expense		123,371		-
Other accrued expenses		220,408		39,347
Accrued expenses, current		4,035,702		3,719,798
Accrued payroll tax obligations, non-current		18,648		30,003
Other long term accruals		-		5,524
Total accrued expenses	$	4,054,350	$	3,755,325

GAUCHO GROUP HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

On November 27, 2020, the Company entered into various payment plans, pursuant to which it agreed to pay its Argentine payroll tax obligations over a period of 60 to 120 months. The current portion of payments due under the plan is $140,315 and $75,769 as of June 30, 2024 and December 31, 2023, respectively, which is included in accrued taxes payable – Argentina, above. The non-current portion of accrued payroll tax obligations represents payments under the plan that are scheduled to be paid after twelve months. The Company incurred interest expense of $29,526 and $37,431 during the three and six months ended June 30, 2024, respectively, and incurred interest expense of $64,283 and $81,587 during the three and six months ended June 30, 2023, respectively, related to these payment plans.