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DISAGGREGATION OF REVENUE | 9 Months Ended
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Sep. 30, 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:
|  | September 30, |  |  | September 30, |
Country |  | 2022 |  |  | 2021 |
Germany |  |  | - |  |  |  | (102 | )
Greece |  |  | 11,990,599 |  |  |  | 13,555,718 |
Italy |  |  | - |  |  |  | (118 | )
Denmark |  |  | - |  |  |  | (488 | )
Cyprus |  |  | - |  |  |  | 13,982 |
UK |  |  | 26,209 |  |  |  | 23,318 |
Croatia |  |  | (710 | ) |  |  | 3,107 |
Total |  | $ | 12,016,098 |  |  | $ | 13,595,418 |
The following table presents our revenue disaggregated by country for the nine months ended:
|  | September 30, |  |  | September 30, |
Country |  | 2022 |  |  | 2021 |
Germany |  |  | - |  |  |  | 13,515 |
Greece |  |  | 38,151,898 |  |  |  | 39,514,083 |
Italy |  |  | - |  |  |  | 15,613 |
Denmark |  |  | - |  |  |  | 54,291 |
Cyprus |  |  | - |  |  |  | 92,930 |
UK |  |  | 118,467 |  |  |  | 355,977 |
Croatia |  |  | 26,037 |  |  |  | 15,010 |
Total |  | $ | 38,296,402 |  |  | $ | 40,061,419 |

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