| SEGMENT DATA |
13.
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 three and nine months ended September 30, 2022 and 2021:
SCHEDULE
OF SEGMENT INFORMATION
| |
|
Real Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
|
Real Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
| |
|
For the Three Months Ended September 30, 2022 |
|
|
For the Nine Months Ended September 30, 2022 |
|
| |
|
Real Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
|
Real Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
$ |
419,413 |
|
|
$ |
21,526 |
|
|
$ |
- |
|
|
$ |
440,939 |
|
|
$ |
1,239,071 |
|
|
$ |
32,800 |
|
|
$ |
- |
|
|
$ |
1,271,871 |
|
Revenues from
Foreign Operations |
|
$ |
419,413 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
419,413 |
|
|
$ |
1,239,071 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
1,239,071 |
|
| Income (loss) from Operations |
|
$ |
380,024 |
|
|
$ |
(570,594 |
) |
|
$ |
(1,724,691 |
) |
|
$ |
(1,915,261 |
) |
|
$ |
(1,345,101 |
) |
|
$ |
(1,270,795 |
) |
|
$ |
(3,514,601 |
) |
|
$ |
(6,130,497 |
) |
| |
|
Real Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
|
Real Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
| |
|
For the Three Months Ended September 30, 2021 |
|
|
For the Nine Months Ended September 30, 2021 |
|
| |
|
Real Estate
Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
|
Real Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
$ |
2,603,757 |
|
|
$ |
1,401 |
|
|
$ |
- |
|
|
$ |
2,605,158 |
|
|
$ |
3,210,405 |
|
|
$ |
10,152 |
|
|
$ |
- |
|
|
$ |
3,220,557 |
|
Revenues from
Foreign Operations |
|
$ |
2,603,757 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
2,603,757 |
|
|
$ |
3,210,405 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
3,210,405 |
|
Income (loss) from
Operations |
|
$ |
2,107,400 |
|
|
$ |
(311,853 |
) |
|
$ |
(908,324 |
) |
|
$ |
887,223 |
|
|
$ |
1,856,015 |
|
|
$ |
(685,744 |
) |
|
$ |
(2,973,978 |
) |
|
$ |
(1,803,707 |
) |
The
following tables present segment information as of September 30, 2022 and December 31, 2021:
| |
|
Real Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
|
Real Estate Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
| |
|
As of September 30, 2022 |
|
|
As of December 31, 2021 |
|
| |
|
Real
Estate
Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
|
Real
Estate
Development |
|
|
Fashion
(e-commerce) |
|
|
Corporate |
|
|
TOTAL |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Property and Equipment, net |
|
$ |
6,186,014 |
|
|
$ |
1,495,004 |
|
|
$ |
- |
|
|
$ |
7,681,018 |
|
|
$ |
3,329,351 |
|
|
$ |
447,590 |
|
|
$ |
- |
|
|
$ |
3,776,941 |
|
| Total Property and Equipment, net in Foreign Countries |
|
$ |
6,186,014 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
6,186,014 |
|
|
$ |
3,329,351 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
3,329,351 |
|
| Total Assets |
|
$ |
20,329,025 |
|
|
$ |
3,689,262 |
|
|
$ |
1,374,954 |
|
|
$ |
25,393,241 |
|
|
$ |
17,413,160 |
|
|
$ |
2,660,305 |
|
|
$ |
4,240,267 |
|
|
$ |
24,313,732 |
|
|