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DISAGGREGATION OF REVENUE
9 Months Ended
Sep. 30, 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 nine months ended:

 

Country

 

September 30,

2020

 

 

September 30,

2019

 

Croatia

 

$ 8,796

 

 

$ 5,338

 

Cyprus

 

 

5,343

 

 

 

-

 

Denmark

 

 

229,929

 

 

 

89,580

 

France

 

 

1,113

 

 

 

142,919

 

Georgia

 

 

 

 

 

 

5,320

 

Germany

 

 

948,282

 

 

 

5,350,465

 

Greece

 

 

36,062,729

 

 

 

17,688,527

 

Hungary

 

 

36,881

 

 

 

261,092

 

Indonesia

 

 

-

 

 

 

7,197

 

Iraq

 

 

-

 

 

 

2,134

 

Ireland

 

 

35,833

 

 

 

376,380

 

Italy

 

 

27,265

 

 

 

157,398

 

Jordan

 

 

19,710

 

 

 

20,216

 

Libya

 

 

42,844

 

 

 

-

 

Netherlands

 

 

156,392

 

 

 

763,889

 

Poland

 

 

28,941

 

 

 

270,306

 

Turkey

 

 

-

 

 

 

24,434

 

UK

 

 

1,501,261

 

 

 

2,717,952

 

Total

 

$ 39,105,318

 

 

$ 27,833,147