| SEGMENT DATA |
16.
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 year ended December 31, 2022 and 2021:
SCHEDULE
OF SEGMENT INFORMATION
| |
|
Real Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate(1) |
|
|
TOTAL |
|
| |
|
For the Year ended December 31, 2022 |
|
| |
|
Real Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate(1) |
|
|
TOTAL |
|
| Revenues |
|
$ |
1,540,955 |
|
|
$ |
102,760 |
|
|
$ |
- |
|
|
$ |
1,643,716 |
|
| Revenues from Foreign Operations |
|
$ |
1,540,955 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
1,540,955 |
|
| Depreciation and Amortization |
|
$ |
152,183 |
|
|
$ |
58,279 |
|
|
$ |
41,479 |
|
|
$ |
251,941 |
|
| Loss from Operations |
|
$ |
(1,516,746 |
) |
|
$ |
(1,622,122 |
) |
|
$ |
(12,644,782 |
) |
|
$ |
(15,783,650 |
) |
| Interest Expense, net |
|
$ |
(43,380 |
) |
|
$ |
- |
|
|
$ |
1,595,091 |
|
|
$ |
1,551,711 |
|
| Net Loss |
|
$ |
(7,694,866 |
) |
|
$ |
(1,622,122 |
) |
|
$ |
(12,508,310 |
) |
|
$ |
(21,825,298 |
) |
| Capital Expenditures |
|
$ |
894,251 |
|
|
$ |
974,544 |
|
|
$ |
59,215 |
|
|
$ |
1,928,010 |
|
| Total Property and Equipment, net |
|
$ |
6,234,856 |
|
|
$ |
1,369,205 |
|
|
$ |
17,196 |
|
|
$ |
7,621,257 |
|
Total Property and Equipment, net
in Foreign Countries |
|
$ |
6,234,856 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
6,234,856 |
|
| Total Assets |
|
$ |
13,504,914 |
|
|
$ |
3,522,415 |
|
|
$ |
1,665,656 |
|
|
$ |
18,692,985 |
|
GAUCHO
GROUP HOLDINGS, INC. AND SUBSIDIARIES
NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
| |
|
Real Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate(1) |
|
|
TOTAL |
|
| |
|
For the Year ended December 31, 2021 |
|
| |
|
Real Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate(1) |
|
|
TOTAL |
|
| Revenues |
|
$ |
4,898,831 |
|
|
$ |
16,408 |
|
|
$ |
- |
|
|
$ |
4,915,240 |
|
| Revenues from Foreign Operations |
|
$ |
4,898,831 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
4,898,831 |
|
| Depreciation and Amortization |
|
$ |
136,766 |
|
|
$ |
3,773 |
|
|
$ |
5,114 |
|
|
$ |
145,653 |
|
| Loss from Operations |
|
$ |
2,988,414 |
|
|
$ |
(970,154 |
) |
|
$ |
(4,431,038 |
) |
|
$ |
(2,412,778 |
) |
| Interest Expense, net |
|
$ |
77,316 |
|
|
$ |
1,724 |
|
|
$ |
269,058 |
|
|
$ |
348,098 |
|
| Net Loss |
|
$ |
3,040,469 |
|
|
$ |
(971,877 |
) |
|
$ |
(4,457,609 |
) |
|
$ |
(2,389,018 |
) |
| Capital Expenditures |
|
$ |
1,493,093 |
|
|
$ |
452,173 |
|
|
$ |
- |
|
|
$ |
1,945,266 |
|
| Total Property and Equipment, net |
|
$ |
3,329,351 |
|
|
$ |
447,590 |
|
|
$ |
- |
|
|
$ |
3,776,941 |
|
Total Property and Equipment, net
in Foreign Countries |
|
$ |
3,329,351 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
3,329,351 |
|
| Total Assets |
|
$ |
17,413,160 |
|
|
$ |
2,660,305 |
|
|
$ |
4,240,267 |
|
|
$ |
24,313,732 |
|
GAUCHO
GROUP HOLDINGS, INC. AND SUBSIDIARIES
NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
|