INVENTORY |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
INVENTORY |
5. INVENTORY
Inventory at December 31, 2023 and 2022 was comprised of the following: SCHEDULE OF INVENTORY
The Company had deposits for inventory purchases in the amount of $161,531 and $0 as of December 31, 2023 and 2022, respectively.
The Company recorded a provision for obsolete inventory in the amount of $86,001 and $115,563 during the years ended December 31, 2023 and 2022, respectively, related to its clothing and accessories inventory.
GAUCHO GROUP HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
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- References No definition available.
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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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