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DISAGGREGATION OF REVENUE
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
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

 

March 31, 2025

 

 

March 31, 2024

 

Croatia

 

$3,093

 

 

 

19,344

 

Cyprus

 

 

52,562

 

 

 

22,737

 

Bulgaria

 

 

12,183

 

 

 

4,651

 

Greece

 

 

13,322,494

 

 

 

14,225,572

 

Albania

 

 

36,332

 

 

 

-

 

UK

 

 

285,864

 

 

 

312,569

 

Total

 

$13,712,528

 

 

$14,584,473

 

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

 

2024

 

 

2023

 

Croatia

 

$47,233

 

 

$26,985

 

Cyprus

 

 

184,000

 

 

 

180,404

 

Bulgaria

 

 

66,658

 

 

 

210,033

 

Ireland

 

 

-

 

 

 

1,636

 

Greece

 

 

52,935,979

 

 

 

50,526,307

 

United States

 

 

-

 

 

 

504

 

Cayman Islands

 

 

-

 

 

 

12,632

 

UAE

 

 

341,782

 

 

 

-

 

UK

 

 

850,750

 

 

 

2,418,373

 

Total

 

$54,426,402

 

 

$53,376,874