Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

REVENUES

v3.22.1
REVENUES
12 Months Ended
Dec. 31, 2021
REVENUES  
REVENUES

NOTE 21 — REVENUES

The breakdown of revenues for the years ended December 31, 2021 and 2020 are shown below. The revenue is disaggregated into the categories the Company believes depict how and the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.

    

For the Years Ended December 31,   

   

2021

   

2020

Campus Revenue

– Sale of goods

$

3,102,210

$

1,280,320

– Rendering of services.

 

 

735,246

Campus sub-total

 

3,102,210

 

2,015,566

Education Revenue

 

  

 

  

– Digital.

 

9,676,052

 

5,298,227

– In-Person.

 

 

319,983

Education sub-total

 

9,676,052

 

5,618,210

Total Revenue

$

12,778,262

$

7,633,776

The Company applies the practical expedient in paragraph 121.b of IFRS 15 and does not disclose information about its remaining performance obligations because the Company has a right to consideration from its customers in an amount that corresponds directly with the value to the customer of the Company’s performance completed to date.