Annual report pursuant to Section 13 and 15(d)

SEGMENT DATA

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SEGMENT DATA
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
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 years ended December 31, 2023 and 2022:

 

 

    Real Estate     Fashion              
    For the Year Ended December 31, 2023  
    Real Estate     Fashion              
    Development     (e-commerce)     Corporate     TOTAL  
Revenues   $ 1,911,436     $ 239,578     $ -     $ 2,151,014  
Revenues from Foreign Operations   $ 1,911,436     $ -     $ -     $ 1,911,436  
Depreciation and Amortization   $ 111,905     $ 222,379     $ 68,780     $ 403,064  
Loss from Operations   $ (1,712,798 )   $ (1,695,224 )   $ (7,419,794 )   $ (10,827,816 )
Interest Income   $ (71,978 )   $ -     $ -     $ (71,978 )
Interest Expense   $ 166,276     $ -     $ 3,321,837     $ 3,488,113  
Net Loss   $ (731,276 )    $ (1,695,224 )   $ (13,771,510 )   $ (16,198,010 )
Capital Expenditures   $ 577,859     $ 5,173     $ 32,366     $ 615,398  
Total Property and Equipment, net   $ 6,651,946     $ 1,154,424     $ -     $ 7,806,370  
Total Property and Equipment, net in Foreign Countries   $ 6,651,946     $ -     $ -     $ 6,651,946  
Total Assets   $ 13,004,982     $ 3,110,117     $ 445,226     $ 16,560,325  

 

 

GAUCHO GROUP HOLDINGS, INC. AND SUBSIDIARIES

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

    Real Estate     Fashion              
    For the Year Ended December 31, 2022  
    Real Estate     Fashion              
    Development     (e-commerce)     Corporate     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 Income   (142,746 )   -     -     (142,746 )
Interest Expense   99,366     -     1,595,091     1,694,457  
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