ACCRUED EXPENSES

3 Months Ended

Mar. 31, 2024

Payables and Accruals [Abstract]

ACCRUED EXPENSES

6. ACCRUED EXPENSES

Accrued expenses are comprised of the following:

	March 31,		December 31,
	2024		2023
Accrued compensation and payroll taxes	$	1,728,218	$	1,803,869
Accrued taxes payable - Argentina		112,603		84,494
Accrued insurance expense		18,176		36,352
Accrued consulting fees		74,512		74,512
Accrued commissions		66,267		66,267
Accrued interest		239,241		130,280
Accrued cash true up obligation (see Note 10)		1,484,677		1,484,677
Other accrued expenses		195,890		39,347
Accrued expenses, current		3,919,584		3,719,798
Accrued payroll tax obligations, non-current		24,369		30,003
Other long term accruals		-		5,524
Total accrued expenses	$	3,943,953	$	3,755,325

On November 27, 2020, the Company entered into various payment plans, pursuant to which it agreed to pay its Argentine payroll tax obligations over a period of 60 to 120 months. The current portion of payments due under the plan is $106,152 and $75,769 as of March 31, 2024 and December 31, 2023, respectively, which is included in accrued taxes payable – Argentina, above. The non-current portion of accrued payroll tax obligations represents payments under the plan that are scheduled to be paid after twelve months. The Company incurred interest expense of $7,905 and $17,304 during the three months ended March 31, 2024 and 2023, respectively, related to these payment plans.

GAUCHO GROUP HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)