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DISAGGREGATION OF REVENUE

6 Months Ended

Jun. 30, 2022

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:

	June 30,		June 30,
Country	2022		2021
Germany		-		3
Greece		13,152,257		14,504,869
Italy		-		4
Denmark		-		14
Cyprus		-		64,225
UK		40,831		265,828
Croatia		15,416		11,982
Total	$	13,208,504	$	14,846,925

The following table presents our revenue disaggregated by country for the six months ended:

	June 30,		June 30,
Country	2022		2021
Germany		-		13,617
Greece		26,161,295		25,958,364
Italy		-		15,731
Denmark		-		54,700
Cyprus		-		78,948
UK		92,257		332,659
Croatia		26,752		11,982
Total	$	26,280,304	$	26,466,001