Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA

v3.23.1
SEGMENT DATA
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
SEGMENT DATA

10. 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.

 

 

GAUCHO GROUP HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

 

The following tables present segment information for the three months ended March 31, 2023 and 2022:

    Real Estate Development    

Fashion

(e-commerce)

     Corporate     TOTAL     Real Estate Development    

Fashion

(e-commerce)

     Corporate     TOTAL  
    For the Three Months Ended March 31, 2023     For the Three Months Ended March 31, 2022  
    Real Estate Development    

Fashion

(e-commerce)

     Corporate     TOTAL     Real Estate Development    

Fashion

(e-commerce)

     Corporate     TOTAL  
Revenues   $ 382,385     $ 65,382     $ -     $ 447,767     $ 420,435     $ 5,162     $ -     $ 425,597  
Revenues from
Foreign Operations		   $ 382,385     $ -     $ -     $ 382,385     $ 420,435     $ -     $ -     $ 420,435  
Loss from
Operations		   $ (334,004 )   $ (492,199 )   $ (1,119,802 )   $ (1,946,005 )   $ (385,853 )   $ (358,533 )   $ (1,031,417 )   $ (1,775,803 )

 

The following tables present segment information as of March 31, 2023 and December 31, 2022:

 

    Real Estate Development    

Fashion

(e-commerce)

     Corporate     TOTAL     Real Estate Development    

Fashion

(e-commerce)

     Corporate     TOTAL  
    As of March 31, 2023     As of December 31, 2022  
    Real Estate Development    

Fashion

(e-commerce)

     Corporate     TOTAL     Real Estate Development    

Fashion

(e-commerce)

     Corporate     TOTAL  
                                                 
Total Property and Equipment, net   $ 6,238,314     $ 1,325,055     $ -     $ 7,563,369     $ 6,234,856     $ 1,369,205     $ 17,196     $ 7,621,257  
Total Property and Equipment, net in Foreign Countries   $ 6,238,314     $ -     $ -     $ 6,238,314     $ 6,234,856     $ -     $ -     $ 6,234,856  
Total Assets   $ 14,127,549     $ 3,514,330     $ 3,367,462     $ 21,009,341     $ 13,504,914     $ 3,522,415     $ 1,665,656     $ 18,692,985