SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
12 Months Ended |
Dec. 31, 2021 |
|---|
| Accounting Policies [Abstract] |
|
| SCHEDULE OF PLANT AND EQUIPMENT, USEFUL LIFE |
The
estimated useful lives of property and equipment are as follows:
SCHEDULE
OF PLANT AND EQUIPMENT, USEFUL LIFE
| Buildings |
|
10
- 30 years |
| Furniture
and fixtures |
|
3
- 10 years |
| Vineyards |
|
7
- 20 years |
| Machinery
and equipment |
|
3
- 20 years |
| Leasehold
improvements |
|
Shorter
of 3 - 5 years or remaining lease term |
| Computer
hardware and software |
|
3
- 5 years |
|
| SCHEDULE OF LONG-LIVED ASSETS BY GEOGRAPHIC AREAS |
The
following summarizes key financial metrics associated with the Company’s continuing operations (these financial metrics are immaterial
for the Company’s operations in the United Kingdom):
SCHEDULE
OF LONG-LIVED ASSETS BY GEOGRAPHIC AREAS
| |
|
|
|
|
|
|
| |
|
For
the Years Ended |
|
| |
|
December
31, |
|
| |
|
2021 |
|
|
2020 |
|
| Assets
- Argentina |
|
$ |
10,220,608 |
|
|
$ |
5,064,401 |
|
| Assets
- U.S. |
|
|
14,093,123 |
|
|
|
906,135 |
|
| Total
Assets |
|
$ |
24,313,732 |
|
|
$ |
5,970,536 |
|
| |
|
|
|
|
|
|
|
|
| Liabilities
- Argentina |
|
$ |
1,781,547 |
|
|
$ |
1,979,719 |
|
| Liabilities
- U.S. |
|
|
8,440,341 |
|
|
|
3,596,991 |
|
| Total
Liabilities |
|
$ |
10,221,888 |
|
|
$ |
5,576,710 |
|
|
| SCHEDULE OF REVENUE FROM EXTERNAL CUSTOMERS BY GEOGRAPHIC AREAS |
SCHEDULE
OF REVENUE FROM EXTERNAL CUSTOMERS BY GEOGRAPHIC AREAS
| |
|
|
|
|
|
|
| |
|
For
the Years Ended |
|
| |
|
December
31, |
|
| |
|
2021 |
|
|
2020 |
|
| Sales
- Argentina |
|
$ |
4,899,288 |
|
|
$ |
632,628 |
|
| Sales
- U.S. |
|
|
15,951 |
|
|
|
3,161 |
|
| Total
Revenues |
|
$ |
4,915,240 |
|
|
$ |
635,789 |
|
| |
|
|
|
|
|
|
|
|
| Net
loss - Argentina |
|
$ |
2,879,301 |
|
|
|
(1,040,681 |
|
| Net
loss - U.S. |
|
|
(5,268,319 |
) |
|
|
(4,741,002 |
|
| Total
Net Loss |
|
$ |
(2,389,018 |
) |
|
|
(5,781,683 |
|
|
| SCHEDULE OF REVENUE RECOGNIZED |
The
following table summarizes the revenue recognized in the Company’s consolidated statements of operations:
SCHEDULE
OF REVENUE RECOGNIZED
| |
|
For
the Years Ended |
|
| |
|
December
31, |
|
| |
|
2021 |
|
|
2020 |
|
| |
|
|
|
|
|
|
| Real
estate sales |
|
$ |
4,139,486 |
|
|
$ |
- |
|
| Hotel
rooms and events |
|
|
291,546 |
|
|
|
258,607 |
|
| Restaurants |
|
|
165,280 |
|
|
|
127,335 |
|
| Winemaking |
|
|
148,074 |
|
|
|
101,630 |
|
| Golf,
tennis and other |
|
|
154,445 |
|
|
|
140,545 |
|
| Clothes
and accessories |
|
|
16,409 |
|
|
|
7,672 |
|
| Total
revenues |
|
$ |
4,915,240 |
|
|
$ |
635,789 |
|
|
| SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE |
The
following securities are excluded from the calculation of weighted average dilutive common shares because their inclusion would have
been anti-dilutive:
SCHEDULE
OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE
| |
|
As
of December 31, |
|
| |
|
2021 |
|
|
2020 |
|
| |
|
|
|
|
|
|
| Options |
|
|
561,027 |
|
|
|
626,579 |
|
| Warrants |
|
|
1,548,345 |
|
|
|
969,827 |
|
| Series
B convertible preferred stock |
|
|
- |
|
|
|
600,713 |
|
| Convertible
debt |
|
|
1,870,149 |
|
|
|
- |
|
| Total
potentially dilutive shares |
|
|
3,979,521 |
|
|
|
2,197,119 |
|
|