Annual report pursuant to Section 13 and 15(d)

REVENUE (Tables)

v3.22.1
REVENUE (Tables)
 12 Months Ended
Dec. 31, 2021
Revenue:  
SCHEDULE OF DISAGGREGATION OF REVENUE

Disaggregation of Revenue

 

    Environmental     Solid Waste     Total  
    Year ended December 31, 2021  
    Environmental Solutions     Solid Waste     Total  
Sources of Revenue                  
Product sales   $

2,430,500

       -     $

2,430,500

  
Media sales     807,800       -       807,800  
Licensing fees     -       30,200       30,200  
Operating fees     -       9,900       9,900  
Management fees     -       200,000       200,000  
Total Revenue   $ 3,238,300     $ 240,100     $

3,478,400

  

 

    Environmental     Solid Waste     Total  
    Year ended December 31, 2020  
    Environmental Solutions     Solid Waste     Total  
Sources of Revenue                  
Product sales   $ 1,633,600       -     $ 1,633,600  
Media sales     871,500       -       871,500  
Licensing fees     -       32,900       32,900  
Operating fees     -       3,100       3,100  
Management fees     -       200,000       200,000  
Total Revenue   $ 2,505,100     $ 236,000     $ 2,741,100  
SCHEDULE OF CONTRACT BALANCES

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

 

                Contract Liabilities  
                               
    Accounts Receivable, net     Contract Assets     Contract Liabilities    

Deferred Revenue

(current)

    

Deferred Revenue

(non-current)

  
                               
Balance as of December 31, 2021   $ 536,600     $ 3,600     $ 525,900     $ -     $     -  
                                         
Balance as of December 31, 2020     375,600       6,800       323,900       30,200       -  
                                         
Increase (decrease)   $ 161,000     $ (3,200 )   $ 202,000     $ (30,200 )   $ -