INVENTORY

6 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

INVENTORY

4. INVENTORY

Inventory at June 30, 2024 and December 31, 2023 was comprised of the following:

	June 30,			December 31,
	2024			2023
Vineyard in process	$	510,154		$	713,104
Wine in process		660,462			622,167
Finished wine		132,700			37,636
Clothes and accessories		618,144			638,023
Other		361,938			207,686
		2,283,398			2,218,616
Less: Reserve for obsolescence		(367,357	)		(186,736	)
Total	$	1,916,041		$	2,031,880

The Company had deposits for inventory purchases in the amount of $50,214 and $161,531 as of June 30, 2024 and December 31, 2023, respectively.

The Company recorded a provision for obsolete inventory in the amount of $50,836 and $180,620 during the three and six months ended June 30, 2024, respectively, related to its clothing and accessories inventory. The Company recorded a provision for obsolete inventory in the amount of $93,389 and $99,323 during the three and six months ended June 30, 2023, respectively.

GAUCHO GROUP HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)