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DISAGGREGATION OF REVENUE
 12 Months Ended
Dec. 31, 2022
DISAGGREGATION OF REVENUE  
DISAGGREGATION OF REVENUE

NOTE 17 – 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

 

2022

 

 

2021

 

Croatia

 

$38,596

 

 

$18,441

 

Cyprus

 

 

92,685

 

 

 

112,640

 

Denmark

 

 

-

 

 

 

53,710

 

Germany

 

 

-

 

 

 

13,370

 

Greece

 

 

49,812,839

 

 

 

55,564,240

 

Italy

 

 

-

 

 

 

15,446

 

UK

 

 

403,532

 

 

 

461,820

 

Total

 

$50,347,652

 

 

$56,239,667