Quarterly report pursuant to Section 13 or 15(d)

REVENUE (Tables)

v3.23.2
REVENUE (Tables)
 6 Months Ended
Jun. 30, 2023
Revenue:  
SCHEDULE OF DISAGGREGATION OF REVENUE

Disaggregation of Revenue (Unaudited)

 

    Environmental Solutions     Solid Waste     Total  
    Three months ended June 30, 2023  
    Environmental Solutions     Solid Waste     Total  
                   
Sources of Revenue                        
Product sales   $ 485,400     $ -     $ 485,400  
Media sales     245,800       -       245,800  
Total Revenue   $      731,200     $        -     $ 731,200  

 

    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     313,600       -       313,600  
Management fees     -       50,000       50,000  
Total Revenue   $ 1,053,700     $ 50,000     $ 1,103,700  

 

    Environmental Solutions     Solid Waste     Total  
    Six months ended June 30, 2023  
    Environmental Solutions     Solid Waste     Total  
                   
Sources of Revenue                        
Product sales   $ 862,900     $          -     $ 862,900  
Media sales     421,500       -       421,500  
Total Revenue   $ 1,284,400     $ -     $ 1,284,400  

 

    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     403,300       -       403,300  
Management fees     -       100,000       100,000  
Total Revenue   $ 1,809,700     $ 100,000     $ 1,909,700  
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,     Contract     Contract     Deferred Revenue     Deferred Revenue  
    net     Assets     Liabilities     (current)     (non-current)  
                               
Balance as of June 30, 2023 (unaudited)   $ 536,300     $ 74,000     $ 513,000     $ 13,900     $                   -  
                                         
Balance as of December 31, 2022     640,500       138,700       536,000       -       -  
                                         
Increase (decrease)   $ (104,200 )   $ (64,700 )   $ (23,000 )   $ 13,900     $ -