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DISAGGREGATION OF REVENUE
9 Months Ended
Sep. 30, 2019
DISAGGREGATION OF REVENUE  
NOTE 16 - DISAGGREGATION OF REVENUE

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 nine months ended:

 

Country

 

September 30,

2019

 

September 30,

2018

 

Belgium

 

$

-

 

$

4,276

 

Croatia

 

5,338

 

-

 

Denmark

 

89,580

 

255,426

 

France

 

142,919

 

255,123

 

Georgia

 

5,320

 

-

 

Germany

 

5,350,465

 

11,706,961

 

Greece

 

17,688,527

 

1,733,077

 

Hungary

 

261,092

 

1,194,471

 

Indonesia

 

7,197

 

6,519

 

Iraq

 

2,134

 

-

 

Ireland

 

376,380

 

1,331,770

 

Italy

 

157,398

 

338,073

 

Jordan

 

20,216

 

134,274

 

Netherlands

 

763,889

 

3,406,124

 

Poland

 

270,306

 

724,695

 

Turkey

 

24,434

 

-

 

UK

 

2,717,952

 

8,239,895

 

Total

 

$

27,883,147

 

$

29,330,684

 

The following table presents our revenue disaggregated by country for the three months ended:

 

Country

 

September 30,

2019

 

September 30,

2018

 

Belgium

 

$

-

 

$

3,146

 

Denmark

 

22,766

 

68,562

 

France

 

52,774

 

76,741

 

Georgia

 

5,320

 

-

 

Germany

 

2,063,385

 

3,751,508

 

Greece

 

6,482,920

 

641,582

 

Hungary

 

94,004

 

437,553

 

Indonesia

 

(38

)

 

(87

)

Iraq

 

2,134

 

-

 

Ireland

 

162,552

 

403,353

 

Italy

 

45,013

 

73,240

 

Jordan

 

(106

)

 

101,141

 

Netherlands

 

212,903

 

757,958

 

Poland

 

41,837

 

157,898

 

Turkey

 

(128

)

 

-

 

UK

 

500,514

 

2,035,772

 

Total

 

$

9,685,850

 

$

8,508,367