Annual report pursuant to Section 13 and 15(d)

REVENUE (Tables)

v3.23.1
REVENUE (Tables)
 12 Months Ended
Dec. 31, 2022
Revenue:  
SCHEDULE OF DISAGGREGATION OF REVENUE

Disaggregation of Revenue

    Environmental Solutions     Solid Waste     Total  
    Year ended December 31, 2022  
    Environmental Solutions     Solid Waste     Total  
                   
Sources of Revenue                        
Product sales   $ 2,826,700     $ -     $ 2,826,700  
Media sales     1,211,200       -       1,211,200  
Management fees     -       100,000       100,000  
Total Revenue   $ 4,037,900     $ 100,000     $ 4,137,900  

 

    Environmental Solutions     Solid Waste     Total  
    Year ended December 31, 2021  
    Environmental Solutions     Solid Waste     Total  
                   
Sources of Revenue                        
Product sales (1)   $ 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  

 

(1) Includes $177,200 of revenue included in discontinued operations
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                 Deferred     Deferred  
    Receivable, net     Contract Assets     Contract Liabilities    

Revenue

(current)

    

Revenue

(non-current)

  
                               
Balance as of December 31, 2022   $ 640,500     $ 138,700     $ 536,000     $ -     $ -  
                                         
Balance as of December 31, 2021     536,600       3,600       525,900       -       -  
                                         
Increase (decrease)   $ 103,900     $ 135,100     $ 10,100     $ -     $ -