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DISAGGREGATION OF REVENUE

3 Months Ended

Mar. 31, 2018

ASC 606-10-50-5 requires that entities disclose disaggregated revenue information in categories (such as type of good or service, geography, market, type of contract, etc). ASC 606-10-55-89 explains that the extent to which an entity’s revenue is disaggregated depends on the facts and circumstances that pertain to the entity’s contracts with customers and that some entities may need to use more than one type of category to meet the objective for disaggregating revenue.

The Company disaggregates revenue by country to depict the nature and economic characteristics affecting revenue. The following table presents our revenue disaggregated by country for the three months ended:

Country	March 31, 2018		March 31, 2017
Denmark	$	96,518	$	22,669
France		72,351		45,553
Germany		4,410,792		2,071,879
Greece		759,999		521,157
Hungary		318,974		49,593
Indonesia		6,707		-
Ireland		568,669		124,403
Italy		156,612		53,831
Jordan		33,637		-
Netherlands		1,537,743		615,293
Poland		364,730		94,367
Sweden		-		9,495
UK		3,638,697		507,676
Total	$	11,965,429	$	4,115,916

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

+ References + Details