| SEGMENT DATA |
13.
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 CONSOLIDATED FINANCIAL STATEMENTS
The
Company has recast its financial information and disclosures for the prior period to reflect the segment disclosures as if the current
presentation had been in effect throughout all periods presented. The following tables present segment information for the year ended
December 31, 2021 and 2020:
SCHEDULE OF SEGMENT INFORMATION
| |
|
For the Year ended December 31,
2021 |
|
For the Year ended December 30,
2020 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Real Estate Development |
|
Fashion
(e-commerce) |
|
Corporate(1) |
|
TOTAL |
|
Real Estate Development |
|
Fashion
(e-commerce) |
|
Corporate(1) |
|
TOTAL |
| Revenues |
|
$ |
4,898,831 |
|
|
$ |
16,408 |
|
|
$ |
- |
|
|
$ |
4,915,240 |
|
|
$ |
632,628 |
|
|
$ |
3,161 |
|
|
$ |
- |
|
|
$ |
635,789 |
|
| Revenues from Foreign Operations |
|
$ |
4,899,288 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
4,899,288 |
|
|
$ |
632,628 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
632,628 |
|
| Depreciation and Amortization |
|
$ |
136,766 |
|
|
$ |
3,773 |
|
|
$ |
5,114 |
|
|
$ |
145,653 |
|
|
$ |
127,692 |
|
|
$ |
2,147 |
|
|
$ |
40,350 |
|
|
$ |
170,189 |
|
| Loss from Operations |
|
$ |
3,032,625 |
|
|
$ |
(970,154 |
) |
|
$ |
(4,475,249 |
) |
|
$ |
(2,412,778 |
) |
|
$ |
(1,162,615 |
) |
|
$ |
(745,298 |
) |
|
$ |
(3,458,013 |
) |
|
$ |
(5,365,926 |
) |
| Interest Expense, net |
|
$ |
77,316 |
|
|
$ |
1,724 |
|
|
$ |
269,058 |
|
|
$ |
348,098 |
|
|
$ |
60,986 |
|
|
$ |
7,010 |
|
|
$ |
177,178 |
|
|
$ |
245,174 |
|
| Net Income (loss) |
|
$ |
3,084,680 |
|
|
$ |
(971,877 |
) |
|
$ |
(4,501,820 |
) |
|
$ |
(2,389,018 |
) |
|
$ |
(1,040,681 |
) |
|
$ |
(752,308 |
) |
|
$ |
(3,988,694 |
) |
|
$ |
(5,781,683 |
) |
| Capital Expenditures |
|
$ |
1,493,093 |
|
|
$ |
452,173 |
|
|
$ |
- |
|
|
$ |
1,945,266 |
|
|
$ |
114,673 |
|
|
$ |
- |
|
|
$ |
781 |
|
|
$ |
115,454 |
|
| Total Property and Equipment, net |
|
$ |
3,329,351 |
|
|
$ |
447,590 |
|
|
$ |
- |
|
|
$ |
3,776,941 |
|
|
$ |
2,855,444 |
|
|
$ |
4,538 |
|
|
$ |
240 |
|
|
$ |
2,860,222 |
|
| Total Property and Equipment, net in Foreign Countries |
|
$ |
3,329,351 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
3,329,351 |
|
|
$ |
2,855,444 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
2,855,444 |
|
| Total Assets |
|
$ |
17,413,160 |
|
|
$ |
2,660,305 |
|
|
$ |
4,240,267 |
|
|
$ |
24,313,732 |
|
|
$ |
5,064,401 |
|
|
$ |
238,491 |
|
|
$ |
667,644 |
|
|
$ |
5,970,536 |
|
|