DISAGGREGATION OF REVENUE

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

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 six months ended:

Country	June 30, 2019		June 30, 2018
Belgium	$	-	$	1,130
Croatia		5,366		-
Denmark		66,814		186,865
France		90,145		178,382
Germany		3,287,079		7,955,452
Greece		11,205,579		1,091,495
Hungary		167,088		756,919
Indonesia		7,235		6,607
Ireland		213,828		928,417
Italy		112,386		264,832
Jordan		20,322		33,133
Netherlands		550,986		2,648,166
Poland		228,469		566,797
Turkey		24,562		-
UK		2,217,438		6,204,122
Total	$	18,197,297	$	20,822,317

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

Country	June 30, 2019			June 30, 2018
Belgium	$	-		$	1,130
Croatia		(29	)		-
Denmark		9,517			90,347
France		48,084			106,031
Germany		1,210,265			3,544,660
Greece		5,749,006			331,496
Hungary		117,176			437,945
Indonesia		7,235			(100	)
Ireland		81,411			359,748
Italy		38,949			108,220
Jordan		(110	)		(504	)
Netherlands		213,303			1,110,423
Poland		90,199			202,067
Turkey		(133	)		-
UK		949,443			2,565,425
Total	$	8,513,956		$	8,856,888