Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

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

Disaggregation of Revenue

 

    Three months ended September 30, 2020  
    Environmental Solutions     Solid Waste     Total  
                   
Sources of Revenue                        
Product sales   $ 698,900       -     $ 698,900  
Media sales     293,100       -       293,100  
Licensing fees     -       8,200       8,200  
Operating fees     -       -       -  
Management fees     -       50,000       50,000  
Total Revenue   $ 992,000     $ 58,200     $ 1,050,200  

 

    Three months ended September 30, 2019  
    Environmental Solutions     Solid Waste     Total  
                   
Sources of Revenue                        
Product sales     679,200       -       679,200  
Media sales     274,100       -       274,100  
Licensing fees     -       8,200       8,200  
Operating fees     -       -       -  
Management fees     -       50,000       50,000  
Total Revenue   $ 953,300     $ 58,200     $ 1,011,500  

 

    Nine months ended September 30, 2020  
    Environmental Solutions     Solid Waste     Total  
                   
Sources of Revenue                        
Product sales   $ 1,676,600       -     $ 1,676,600  
Media sales     815,500       -       815,500  
Licensing fees     -       24,700       24,700  
Operating fees     -       -       -  
Management fees     -       150,000       150,000  
Total Revenue   $ 2,492,100     $ 174,700     $ 2,666,800  

 

    Nine months ended September 30, 2019  
    Environmental Solutions     Solid Waste     Total  
                   
Sources of Revenue                        
Product sales   $ 2,327,600       -     $ 2,327,600  
Media sales     606,400       -       606,400  
Licensing fees     -       41,700       41,700  
Operating fees     -       13,900       13,900  
Management fees     -       150,000       150,000  
Total Revenue   $ 2,934,000     $ 205,600     $ 3,139,600  
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 September 30, 2020   $ 473,700     $ 309,600     $ 312,100     $ 32,900     $ 5,500  
                                         
Balance as of December 31, 2019     686,800       242,500       327,100       32,900       30,200  
                                         
(Decrease) increase   $ (213,100 )   $ 67,100     $ (15,000 )   $ -     $ (24,700 )