DISAGGREGATION OF REVENUE

9 Months Ended

Sep. 30, 2022

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:

	September 30,			September 30,
Country	2022			2021
Germany		-			(102	)
Greece		11,990,599			13,555,718
Italy		-			(118	)
Denmark		-			(488	)
Cyprus		-			13,982
UK		26,209			23,318
Croatia		(710	)		3,107
Total	$	12,016,098		$	13,595,418

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

	September 30,		September 30,
Country	2022		2021
Germany		-		13,515
Greece		38,151,898		39,514,083
Italy		-		15,613
Denmark		-		54,291
Cyprus		-		92,930
UK		118,467		355,977
Croatia		26,037		15,010
Total	$	38,296,402	$	40,061,419