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DISAGGREGATION OF REVENUE
12 Months Ended
Dec. 31, 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 years ended:

 

Country

 

2019

 

2018

 

Belgium

 

$

-

 

$

4,230

 

Croatia

 

22,497

 

-

 

Denmark

 

97,905

 

430,932

 

France

 

153,422

 

388,944

 

Georgia

 

5,301

 

-

 

Germany

 

6,672,511

 

14,783,119

 

Greece

 

26,101,316

 

2,970,219

 

Hungary

 

1,094,446

 

1,673,287

 

Indonesia

 

7,172

 

6,449

 

Ireland

 

467,965

 

1,519,746

 

Italy

 

196,044

 

481,141

 

Jordan

 

20,144

 

162,749

 

Libya

 

396,333

 

3,860,021

 

Netherlands

 

846,479

 

886,218

 

Poland

 

307,624

 

-

 

Spain

 

-

 

8,724

 

Turkey

 

24,347

 

-

 

UK

 

3,262,880

 

9,908,103

 

Total

 

$

39,676,385

 

$

37,083,882