XML 32 R22.htm IDEA: XBRL DOCUMENT v3.22.1
DISAGGREGATION OF REVENUE
 3 Months Ended
Mar. 31, 2022
DISAGGREGATION OF REVENUE  
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 three months ended:

 

 

 

March 31,

 

 

March 31,

 

Country

 

2022

 

 

2021

 

Germany

 

 

-

 

 

 

13,613

 

Greece

 

 

13,009,038

 

 

 

11,453,496

 

Italy

 

 

-

 

 

 

15,727

 

Denmark

 

 

-

 

 

 

54,686

 

Cyprus

 

 

-

 

 

 

14,723

 

UK

 

 

51,426

 

 

 

66,831

 

Croatia

 

 

11,336

 

 

 

-

 

Total

 

$13,071,800

 

 

$11,619,076