Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

v3.20.2
Revenue (Tables)
 6 Months Ended
Jun. 30, 2020
Revenue:  
Schedule of Disaggregation of Revenue

Disaggregation of Revenue

 

    Three months ended June 30, 2020  
    Environmental Solutions     Solid Waste     Total  
Sources of Revenue                        
Product sales   $ 353,000       -     $ 353,000  
Media sales     381,300       -       381,300  
Licensing fees     -       8,300       8,300  
Operating fees     -       -       -  
Management fees     -       50,000       50,000  
Total Revenue   $ 734,300     $ 58,300     $ 792,600  

 

    Three months ended June 30, 2019  
    Environmental Solutions     Solid Waste     Total  
                   
Sources of Revenue                        
Industrial cleaning services   $ -     $ -     $ -  
Product sales     759,000       -       759,000  
Media sales     131,600       -       131,600  
Licensing fees     -       8,200       8,200  
Operating fees     -       7,100       7,100  
Management fees     -       50,000       50,000  
Total Revenue   $ 890,600     $ 65,300     $ 955,900  

 

    Six months ended June 30, 2020  
    Environmental Solutions     Solid Waste     Total  
                   
Sources of Revenue                        
Product sales   $ 977,700       -     $ 977,700  
Media sales     522,400       -       522,400  
Licensing fees     -       16,500       16,500  
Operating fees     -       -       -  
Management fees     -       100,000       100,000  
Total Revenue   $ 1,500,100     $ 116,500     $ 1,616,600  

 

    Six months ended June 30, 2019  
    Environmental Solutions     Solid Waste     Total  
                   
Sources of Revenue                        
Product sales   $ 1,648,400       -     $ 1,648,400  
Media sales     332,300       -       332,300  
Licensing fees     -       33,500       33,500  
Operating fees     -       13,900       13,900  
Management fees     -       100,000       100,000  
Total Revenue   $ 1,980,700     $ 147,400     $ 2,128,100  

Schedule of Contract Balances

The opening and closing balances of the Company’s accounts receivables and contract liabilities (current and non-current) are as follows:

 

                Contract Liabilities  
    Accounts Receivable, net     Revenue Contract
Assets		     Revenue Contract
Liabilities		     Deferred Revenue
(current)		     Deferred Revenue
(non-current)		  
                               
Balance as of June 30, 2020   $ 340,400     $ 387,000     $ 325,100     $ 117,100     $ 13,700  
                                         
Balance as of December 31, 2019     686,800       242,500       327,100       32,900       30,200  
                                         
(Decrease) increase   $ (346,400 )   $ 144,500     $ (2,000 )   $ 84,200     $ (16,500 )