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DISAGGREGATION OF REVENUE
 9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
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:

 

Country

 

September 30,

2024

 

 

September 30,

2023

 

Croatia

 

$107

 

 

 

14,159

 

Cyprus

 

 

16,519

 

 

 

72,754

 

Bulgaria

 

 

25,507

 

 

 

-

 

Greece

 

 

12,247,597

 

 

 

12,544,643

 

USA

 

 

-

 

 

 

210

 

Ireland

 

 

-

 

 

 

1,417

 

UK

 

 

121,318

 

 

 

190,614

 

Total

 

$12,411,048

 

 

$12,823,797

 

 

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

 

Country

 

September 30,

2024

 

 

September 30,

2023

 

Croatia

 

$19,370

 

 

 

14,159

 

Cyprus

 

 

89,064

 

 

 

141,402

 

Bulgaria

 

 

43,849

 

 

 

-

 

Greece

 

 

39,385,730

 

 

 

36,041,012

 

USA

 

 

-

 

 

 

504

 

Ireland

 

 

-

 

 

 

1,417

 

UK

 

 

664,225

 

 

 

1,338,509

 

Total

 

$40,202,238

 

 

$37,537,003

 

NOTE 18 – 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

 

2023

 

 

2022

 

Croatia

 

$26,985

 

 

$38,596

 

Cyprus

 

 

180,404

 

 

 

92,685

 

Bulgaria

 

 

210,033

 

 

 

-

 

Ireland

 

 

1,636

 

 

 

-

 

Greece

 

 

50,526,307

 

 

 

49,812,839

 

United States

 

 

504

 

 

 

-

 

Cayman Islands

 

 

12,632

 

 

 

-

 

UK

 

 

2,418,373

 

 

 

403,532

 

Total

 

$53,376,874

 

 

$50,347,652