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DISAGGREGATION OF REVENUE
3 Months Ended
Mar. 31, 2020
DISAGGREGATION OF REVENUE  
NOTE 15 - 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 three months ended:

 

Country

 

March 31,

2020

 

 

March 31,

2019

 

Belgium

 

$-

 

 

$-

 

Croatia

 

 

-

 

 

 

5,395

 

Denmark

 

 

-

 

 

 

57,657

 

France

 

 

1,091

 

 

 

42,061

 

Georgia

 

 

-

 

 

 

-

 

Germany

 

 

667,302

 

 

 

2,076,814

 

Greece

 

 

10,689,681

 

 

 

5,456,573

 

Hungary

 

 

36,140

 

 

 

49,912

 

Indonesia

 

 

-

 

 

 

-

 

Iraq

 

 

-

 

 

 

-

 

Ireland

 

 

35,113

 

 

 

132,417

 

Italy

 

 

6,041

 

 

 

73,437

 

Jordan

 

 

9,417

 

 

 

20,432

 

Netherlands

 

 

41,983

 

 

 

337,683

 

Poland

 

 

33,455

 

 

 

138,270

 

Turkey

 

 

28,398

 

 

 

24,695

 

UK

 

 

384,627

 

 

 

1,267,995

 

Total

 

$11,933,248

 

 

$9,683,341