Gaucho Group Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations

Discontinued Operations

9 Months Ended

Sep. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

4.	DISCONTINUED OPERATIONS

On November 29, 2016, the Company’s Board of Directors determined that it was in the Company’s best interest to close down CAP and the Company ceased its broker-dealer operations on December 31, 2016. On February 21, 2017, the Company’s request to FINRA for Broker-Dealer Withdrawal (“BDW”) became effective.

Results of Discontinued Operations

Summarized operating results of discontinued operations are presented in the following table:

	For The Three Months Ended September 30,					For The Nine Months Ended September, 30
	2017		2016			2017			2016
Revenues	$	-	$	64,358		$	-		$	115,863
Gross profit	$	-	$	64,358		$	-		$	115,863
Operating expenses	$	-	$	(433,698	)	$	(105,772	)	$	(1,153,478	)
Interest income (expense)	$	-	$	15		$	21		$	66
Loss from discontinued operations	$	-	$	(369,325	)	$	105,751		$	(1,037,549	)

Summarized assets and liabilities of discontinued operations are presented in the following table:

	September 30,		December 31,
	2017		2016
Related party receivable	$	155,420	$	155,420
Prepaid expenses and other current assets		17,250		52,734
Total current assets of discontinued operations	$	172,670	$	208,154

Accounts payable and accrued expenses	$	-	$	44,104
Total current liabilities of discontinued operations	$	-	$	44,104