SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
|---|
| 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 |
Lesser
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, |
|
| |
|
2022 |
|
|
2021 |
|
| Assets - Argentina |
|
$ |
13,434,803 |
|
|
$ |
10,220,608 |
|
| Assets - U.S. |
|
|
5,258,182 |
|
|
|
14,093,124 |
|
| Total Assets |
|
$ |
18,692,985 |
|
|
$ |
24,313,732 |
|
| |
|
|
|
|
|
|
|
|
| Liabilities - Argentina |
|
$ |
2,188,229 |
|
|
$ |
1,781,547 |
|
| Liabilities - U.S. |
|
|
5,713,075 |
|
|
|
8,440,341 |
|
| Total Liabilities |
|
$ |
7,901,304 |
|
|
$ |
10,221,888 |
|
|
| SCHEDULE OF REVENUE FROM EXTERNAL CUSTOMERS BY GEOGRAPHIC AREAS |
SCHEDULE
OF REVENUE FROM EXTERNAL CUSTOMERS BY GEOGRAPHIC AREAS
| |
|
|
|
|
|
|
|
|
| |
|
For the Years Ended |
|
| |
|
December 31, |
|
| |
|
2022 |
|
|
2021 |
|
| Sales - Argentina |
|
$ |
1,540,955 |
|
|
$ |
4,899,289 |
|
| Sales - U.S. |
|
|
102,760 |
|
|
|
15,951 |
|
| Total Revenues |
|
$ |
1,643,716 |
|
|
$ |
4,915,240 |
|
| |
|
|
|
|
|
|
|
|
| Net loss - Argentina |
|
$ |
(1,023,622 |
) |
|
$ |
2,879,301 |
|
| Net loss - U.S. |
|
|
(20,801,676 |
) |
|
|
(5,268,319 |
) |
| Total Net Loss |
|
$ |
(21,825,298 |
) |
|
$ |
(2,389,018 |
) |
|
| SCHEDULE OF DISAGGREGATION OF REVENUE |
The
following table summarizes the revenue recognized in the Company’s consolidated statements of operations:
SCHEDULE
OF DISAGGREGATION OF REVENUE
| |
|
|
|
|
|
|
| |
|
For the Years Ended |
|
| |
|
December 31, |
|
| |
|
2022 |
|
|
2021 |
|
| |
|
|
|
|
|
|
| Real estate sales |
|
$ |
184,658 |
|
|
$ |
4,139,486 |
|
| Hotel rooms and events |
|
|
701,669 |
|
|
|
291,546 |
|
| Restaurants |
|
|
173,566 |
|
|
|
165,280 |
|
| Winemaking |
|
|
153,356 |
|
|
|
148,074 |
|
| Golf, tennis and other |
|
|
291,162 |
|
|
|
154,445 |
|
| Clothes and accessories |
|
|
139,305 |
|
|
|
16,409 |
|
| Total revenues |
|
$ |
1,643,716 |
|
|
$ |
4,915,240 |
|
|
| SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE |
SCHEDULE
OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE
| |
|
|
|
|
|
|
| |
|
As of December 31, |
|
| |
|
2022 |
|
|
2021 |
|
| |
|
|
|
|
|
|
| Options |
|
|
40,612 |
|
|
|
46,752 |
|
| Warrants |
|
|
1,299,135 |
|
|
|
132,029 |
|
| Unvested restricted stock units |
|
|
511,500 |
|
|
|
- |
|
| Convertible debt |
|
|
899,036 |
|
|
|
155,846 |
|
| Total potentially dilutive shares |
|
|
2,750,283 |
|
|
|
334,627 |
|
|