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DISAGGREGATION OF REVENUE

9 Months Ended

Sep. 30, 2023

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	2023		2022
Greece		12,544,643		11,990,599
Cyprus		72,754		-
UK		190,614		26,209
USA		210		-
Ireland		1,417		-
Croatia		14,159		(710)
Total	$	12,823,797	$	12,016,098

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

	September 30,		September 30,
Country	2023		2022
Greece		36,041,012		38,151,898
Cyprus		141,402		-
UK		1,338,509		-
USA		504		-
Ireland		1,417		118,467
Croatia		14,159		26,037
Total	$	37,537,003	$	38,296,402