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DISAGGREGATION OF REVENUE
12 Months Ended
Dec. 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 years ended:

  

Country

 

2020

 

 

2019

 

Croatia

 

$ 24,840

 

 

$ 22,497

 

Cyprus

 

 

36,987

 

 

 

-

 

Denmark

 

 

537,098

 

 

 

97,905

 

France

 

 

18,988

 

 

 

153,422

 

Georgia

 

 

-

 

 

 

5,301

 

Germany

 

 

1,314,381

 

 

 

6,672,511

 

Greece

 

 

51,259,784

 

 

 

26,101,316

 

Hungary

 

 

-

 

 

 

1,094,446

 

Indonesia

 

 

-

 

 

 

7,172

 

Ireland

 

 

36,349

 

 

 

467,965

 

Italy

 

 

75,183

 

 

 

196,044

 

Jordan

 

 

29,635

 

 

 

20,144

 

Libya

 

 

1,028

 

 

 

396,333

 

Netherlands

 

 

188,890

 

 

 

846,479

 

Poland

 

 

29,358

 

 

 

307,624

 

Spain

 

 

-

 

 

 

-

 

Turkey

 

 

-

 

 

 

24,347

 

UK

 

 

1,853,816

 

 

 

3,262,880

 

Total

 

$

55,406,337

 

 

$ 39,676,385