Quarterly report pursuant to Section 13 or 15(d)

SEGMENT DATA

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SEGMENT DATA
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
SEGMENT DATA

11. 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 table presents segment information for the three months ended March 31, 2024 and 2023:

 

                                                 
    For the Three Months Ended March 31, 2024     For the Three Months Ended March 31, 2023  
    Real                       Real                    
    Estate     Fashion                 Estate     Fashion              
    Development     (e-commerce)     Corporate     TOTAL     Development     (e-commerce)     Corporate     TOTAL  
Revenues   $ 532,437     $             54,941     $ -     $ 587,378     $ 382,385     $             65,382     $ -     $ 447,767  
Revenues from Foreign Operations   $ 532,437     $ -     $ -     $ 532,437     $ 382,385     $ -     $ -     $ 382,385  
Loss from Operations   $ (250,032 )   $ (455,287 )   $ (1,545,930 )   $ (2,251,249 )   $ (334,004 )   $ (492,199 )   $ (1,119,802 )   $ (1,946,005 )

 

 

GAUCHO GROUP HOLDINGS, INC. AND SUBSIDIARIES

 

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

 

The following table presents segment information as of March 31, 2024 and December 31, 2023.

 

                                 
    As of March 31, 2024     As of December 31, 2023  
    Real                       Real                    
    Estate     Fashion                 Estate     Fashion              
    Development     (e-commerce)     Corporate     TOTAL     Development     (e-commerce)     Corporate     TOTAL  
Total Property and Equipment, net   $ 6,742,806     $          999,103     $ -     $ 7,741,909     $ 6,651,946     $        1,154,424     $ -     $ 7,806,370  
Total Property and Equipment, net in Foreign Countries   $ 6,742,806     $ -     $ -     $ 6,742,806     $ 6,651,946     $ -     $ -     $ 6,651,946  
Total Assets   $ 13,072,848     $ 2,802,254     $ 494,211     $ 16,369,313     $ 13,004,982     $ 3,110,117     $ 445,226     $ 16,560,325