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DISAGGREGATION OF REVENUE
 3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
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

 

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 years ended:

 

Country

 

2021

 

 

2020

 

Croatia

 

$18,441

 

 

$24,840

 

Cyprus

 

 

112,640

 

 

 

36,987

 

Denmark

 

 

53,710

 

 

 

537,098

 

France

 

 

-

 

 

 

18,988

 

Germany

 

 

13,370

 

 

 

1,314,381

 

Greece

 

 

55,564,240

 

 

 

51,259,784

 

Ireland

 

 

-

 

 

 

36,349

 

Italy

 

 

15,446

 

 

 

75,183

 

Jordan

 

 

-

 

 

 

29,635

 

Libya

 

 

-

 

 

 

1,028

 

Netherlands

 

 

-

 

 

 

188,890

 

Poland

 

 

-

 

 

 

29,358

 

UK

 

 

461,820

 

 

 

1,853,816

 

Total

 

$56,239,667

 

 

$55,406,337