Quarterly report pursuant to Section 13 or 15(d)

REVENUE (Tables)

v3.22.2.2
REVENUE (Tables)
 6 Months Ended
Jun. 30, 2022
Revenue:  
SCHEDULE OF DISAGGREGATION OF REVENUE

Disaggregation of Revenue (Unaudited)

 

    Environmental Solutions     Solid Waste     Total  
    Three months ended June 30, 2022  
    Environmental Solutions     Solid Waste     Total  
                   
Sources of Revenue                        
Product sales   $ 740,100     $ -     $ 740,100  
Media sales     330,100       -       330,100  
Management fees     -       50,000       50,000  
Total Revenue   $ 1,070,200     $ 50,000     $ 1,120,200  

 

    Environmental Solutions     Solid Waste     Total  
    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  
Management fees     -       50,000       50,000  
Total Revenue   $ 862,700     $ 58,300     $ 921,000  

 

    Environmental Solutions     Solid Waste     Total  
    Six months ended June 30, 2022  
    Environmental Solutions     Solid Waste     Total  
                   
Sources of Revenue                        
Product sales   $ 1,406,400     $ -     $ 1,406,400  
Media sales     523,700       -       523,700  
Management fees     -       100,000       100,000  
Total Revenue   $ 1,930,100     $ 100,000     $ 2,030,100  

 

    Environmental Solutions     Solid Waste     Total  
    Six months ended June 30, 2021  
    Environmental Solutions     Solid Waste     Total  
                   
Sources of Revenue                        
Product sales   $ 1,106,700       -     $ 1,106,700  
Media sales     442,000       -       442,000  
Licensing fees     -       16,500       16,500  
Management fees     -       100,000       100,000  
Total Revenue   $ 1,548,700     $ 116,500     $ 1,665,200  
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     Contract Assets     Contract Liabilities    

Deferred Revenue

(current)

    

Deferred Revenue

(non-current)

  
                               
Balance as of June 30, 2022   $ 544,400     $ 167,600     $ 349,300     $ 6,400     $ -  
                                         
Balance as of December 31, 2021     536,600       3,600       525,900       -       -  
                                         
Increase (decrease)   $ 7,800     $ 164,000     $ (176,600 )   $ 6,400     $         -