| 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 and six months ended June 30, 2024 and 2023, respectively:
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, 2024 |
|
|
For
the Six Months Ended June 30, 2024 |
|
| |
|
Real
Estate
Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
|
Real
Estate
Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
| Revenues |
|
$ |
395,250 |
|
|
$ |
31,977 |
|
|
$ |
- |
|
|
$ |
427,227 |
|
|
$ |
927,687 |
|
|
$ |
86,918 |
|
|
$ |
- |
|
|
$ |
1,014,605 |
|
| Revenues
from Foreign Operations |
|
$ |
395,250 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
395,250 |
|
|
$ |
927,687 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
927,687 |
|
| Loss
from Operations |
|
$ |
(505,970 |
) |
|
$ |
(473,304 |
) |
|
$ |
(1,442,880 |
) |
|
$ |
(2,422,154 |
) |
|
$ |
(756,002 |
) |
|
$ |
(928,591 |
) |
|
$ |
(2,988,810 |
) |
|
$ |
(4,673,403 |
) |
GAUCHO
GROUP HOLDINGS, INC. AND SUBSIDIARIES
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
| |
|
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 |
) |
The
following table presents segment information as of June 30, 2024 and December 31, 2023.
| |
|
Real
Estate
Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
|
Real
Estate
Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
| |
|
As
of June 30, 2024 |
|
|
As
of December 31, 2023 |
|
| |
|
Real
Estate
Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
|
Real
Estate
Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
| Total
Property and Equipment, net |
|
$ |
6,679,443 |
|
|
$ |
1,040,424 |
|
|
$ |
(256,589 |
) |
|
$ |
7,463,278 |
|
|
$ |
6,651,946 |
|
|
$ |
1,154,424 |
|
|
$ |
- |
|
|
$ |
7,806,370 |
|
Total
Property and Equipment, net
in Foreign Countries |
|
$ |
6,679,443 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
6,679,443 |
|
|
$ |
6,651,946 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
6,651,946 |
|
| Total
Assets |
|
$ |
12,895,373 |
|
|
$ |
2,522,805 |
|
|
$ |
521,234 |
|
|
$ |
15,939,412 |
|
|
$ |
13,004,982 |
|
|
$ |
3,110,117 |
|
|
$ |
445,226 |
|
|
$ |
16,560,325 |
|
|