Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA

v3.25.0.1
SEGMENT DATA
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
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.

 

 

GAUCHO GROUP HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

 

The following tables present segment information for the three and nine months ended September 30, 2024 and 2023, respectively:

 

   

Real

Estate

Development

    

Fashion

(e-commerce)

     Corporate     TOTAL     Real
Estate
Development		     Fashion
(e-commerce)		     Corporate     TOTAL  
    For the Three Months Ended September 30, 2024     For the Nine Months Ended September 30, 2024  
   

Real

Estate

Development

    

Fashion

(e-commerce)

     Corporate     TOTAL     Real
Estate
Development		     Fashion
(e-commerce)		     Corporate     TOTAL  
Revenues   $ 407,727     $                14,964     $ -     $ 422,691     $ 1,335,414     $              101,882     $ -     $ 1,437,296  
Revenues from Foreign Operations   $ 407,727     $ -     $ -     $ 407,727     $ 1,335,414     $ -     $ -     $ 1,335,414  
Loss from Operations   $ (534,741 )   $ (835,993 )   $ (1,510,848 )   $ (2,881,582 )   $ (1,290,743 )   $ (1,764,584 )   $ (4,499,658 )   $ (7,554,985 )

 

    Real
Estate
 Development		     Fashion
(e-commerce)		     Corporate     TOTAL     Real
Estate
 Development		     Fashion
(e-commerce)		     Corporate     TOTAL  
    For the Three Months Ended September 30, 2023     For the Nine Months Ended September 30, 2023  
    Real
Estate
 Development		     Fashion
(e-commerce)		     Corporate     TOTAL     Real
Estate
 Development		     Fashion
(e-commerce)		     Corporate     TOTAL  
Revenues   $ 401,554     $               62,450     $ -     $ 464,004     $ 1,454,533     $              168,213     $ -     $ 1,622,746  
Revenues from Foreign Operations   $ 401,554     $ -     $ -     $ 401,554     $ 1,454,533     $ -     $ -     $ 1,454,533  
Loss from Operations   $ (52,989 )   $ (352,495 )   $ (1,038,273 )   $ (1,443,757 )   $ (510,760 )   $ (1,307,820 )   $ (3,556,769 )   $ (5,375,349 )

 

The following table presents segment information as of September 30, 2024 and December 31, 2023.

 

    Real
Estate
Development		     Fashion
(e-commerce)		     Corporate     TOTAL     Real
Estate
 Development		     Fashion
(e-commerce)		     Corporate     TOTAL  
    As of September 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   $ 6,359,564     $              308,870     $ -     $ 6,668,434     $ 6,651,946     $         1,154,424     $ -     $ 7,806,370  
Total Property and Equipment, net in Foreign Countries   $ 6,359,564     $ -     $ -     $ 6,359,564     $ 6,651,946     $ -     $ -     $ 6,651,946  
Total Assets   $ 12,940,655     $ 687,013     $ 464,447     $ 14,092,115     $ 13,004,982     $ 3,110,117     $ 445,226     $ 16,560,325  

 

 

GAUCHO GROUP HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)