Quarterly report pursuant to Section 13 or 15(d)

REVENUE (Tables)

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

Disaggregation of Revenue (Unaudited)

   

Environmental

Solutions

     Solid Waste     Total  
    Three months ended September 30, 2022  
   

Environmental

Solutions

     Solid Waste     Total  
                   
Sources of Revenue                        
Product sales   $ 904,300     $ -     $ 904,300  
Media sales     238,100       -       238,100  
Management fees     -       -       -  
Total Revenue   $ 1,142,400     $ -     $ 1,142,400  

 

 

   

Environmental

Solutions

     Solid Waste     Total  
    Three months ended September 30, 2021  
   

Environmental

Solutions

     Solid Waste     Total  
                   
Sources of Revenue                        
Product sales     918,700       -       918,700  
Media sales     257,400       -       257,400  
Licensing fees     -       8,200       8,200  
Management fees     -       50,000       50,000  
Total Revenue   $ 1,176,100     $ 58,200     $ 1,234,300  

 

   

Environmental

Solutions

     Solid Waste     Total  
    Nine months ended September 30, 2022  
   

Environmental

Solutions

     Solid Waste     Total  
                   
Sources of Revenue                        
Product sales   $ 2,310,700     $ -     $ 2,310,700  
Media sales     761,800       -       761,800  
Management fees     -       100,000       100,000  
Total Revenue   $ 3,072,500     $ 100,000     $ 3,172,500  

 

   

Environmental

Solutions

     Solid Waste     Total  
    Nine months ended September 30, 2021  
   

Environmental

Solutions

     Solid Waste     Total  
                   
Sources of Revenue                        
Product sales (1)   $ 2,202,600       -     $ 2,202,600  
Media sales     699,400       -       699,400  
Licensing fees     -       24,700       24,700  
Management fees     -       150,000       150,000  
Total Revenue   $ 2,902,000     $ 174,700     $ 3,076,700  

 

(1) Includes $171,400 of revenue included in discontinued operations
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 September 30, 2022   $ 867,900     $ 76,400     $ 520,400     $ 9,700     $ -  
                                         
Balance as of December 31, 2021     536,600       3,600       525,900       -               -  
                                         
Increase (decrease)   $ 331,300     $ 72,800     $ (5,500 )   $ 9,700     $ -