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DISAGGREGATION OF REVENUE
 6 Months Ended 12 Months Ended
Jun. 30, 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:

 

 

 

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

 

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