Quarterly report pursuant to Section 13 or 15(d)

REVENUE (Tables)

v3.21.2
REVENUE (Tables)
 6 Months Ended
Jun. 30, 2021
Revenue:  
SCHEDULE OF DISAGGREGATION OF REVENUE

Disaggregation of Revenue (Unaudited)

 

    Three months ended June 30, 2021  
    Environmental Solutions     Solid Waste     Total  
                   
Sources of Revenue                        
Product sales   $ 675,100       -     $ 675,100  
Media sales     187,600       -       187,600  
Licensing fees     -       8,300       8,300  
Operating fees     -       -       -  
Management fees     -       50,000       50,000  
Total Revenue   $ 862,700     $ 58,300     $ 921,000  

 

    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  

 

    Six months ended June 30, 2021  
    Environmental Solutions     Solid Waste     Total  
                   
Sources of Revenue                        
Product sales   $ 1,283,900       -     $ 1,283,900  
Media sales     442,000       -       442,000  
Licensing fees     -       16,500       16,500  
Operating fees     -       -       -  
Management fees     -       100,000       100,000  
Total Revenue   $ 1,725,900     $ 116,500     $ 1,842,400  

 

    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  
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, 2021

(Unaudited)

   $ 535,900     $ -     $ 616,300     $ 13,700     $ -  
                                         
Balance as of December 31, 2020     375,600       6,800       323,900       30,200       -  
                                         
(Decrease) increase   $ 160,300     $ (6,800 )   $ 292,400     $ (16,500 )   $ -