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DISAGGREGATION OF REVENUE
3 Months Ended
Mar. 31, 2021
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,

2021

 

 

March 31,

2020

 

Cyprus

 

$ 14,723

 

 

$ -

 

Denmark

 

 

54,686

 

 

 

-

 

France

 

 

-

 

 

 

1,091

 

Germany

 

 

13,613

 

 

 

667,302

 

Greece

 

 

11,453,496

 

 

 

10,689,681

 

Hungary

 

 

-

 

 

 

36,140

 

Ireland

 

 

-

 

 

 

35,113

 

Italy

 

 

15,727

 

 

 

6,041

 

Jordan

 

 

-

 

 

 

9,417

 

Netherlands

 

 

-

 

 

 

41,983

 

Poland

 

 

-

 

 

 

33,455

 

Turkey

 

 

-

 

 

 

28,398

 

UK

 

 

66,831

 

 

 

384,627

 

Total

 

$ 11,619,076

 

 

$ 11,933,248