Annual report pursuant to Section 13 and 15(d)

REVENUE (Tables)

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REVENUE (Tables)
 12 Months Ended
Dec. 31, 2023
Revenue:  
SCHEDULE OF DISAGGREGATION OF REVENUE

Disaggregation of Revenue

 

    Environmental Solutions     Solid Waste     Total  
    Year ended December 31, 2023  
    Environmental Solutions     Solid Waste     Total  
                   
Sources of Revenue                             
Product sales   $ 2,121,500     $ -     $ 2,121,500  
Media sales     778,100       -       778,100  
Total Revenue   $ 2,899,600     $ -     $ 2,899,600  

 

    Environmental Solutions     Solid Waste     Total  
    Year ended December 31, 2022  
    Environmental Solutions     Solid Waste     Total  
                   
Sources of Revenue                  
Product sales (1)   $ 2,826,700       -     $ 2,826,700  
Media sales     1,090,800       -       1,090,800  
Management fees     -       100,000       100,000  
Total Revenue   $ 3,917,500     $ 100,000     $ 4,017,500  

 

(1) Excludes $120,400 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

Receivable, net

    

Contract

Assets

    

Contract

Liabilities

     Deferred Revenue (current)     Deferred Revenue (non-current)  
                               
Balance as of December 31, 2023   $ 340,800     $ 17,000     $ 829,800     $ 43,300     $ -  
                                         
Balance as of December 31, 2022     640,500       138,700       536,000       -       -  
                                                   
Increase (decrease)   $ (299,700 )   $ (121,700 )   $ 293,800     $ 43,300     $ -