Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 51

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 51
---
’s
obligation to transfer goods or services to a customer for which the Company has received consideration (or an amount of consideration
is due) from the customer.

A contract asset and a contract liability relating
to the same contract are accounted for and presented on a net basis.

Revenues are recognized upon the application of
the following steps:

| 1. | Identification of the contract or contracts with a customer; |

| 2. | Identification of the performance obligations in the contract; |

| 3. | Determination of the transaction price; |

| 4. | Allocation of the transaction price to the performance obligations in the contract; and |

| 5. | Recognition of revenue when, or as, the performance obligation is satisfied. |

The Company enters into services agreements and
statements of work which set out the details of the work streams for each project to be provided to the customers. The work streams are
generally capable of being distinct and accounted for as separate performance obligations.

Revenue recognized from contracts with customers
is disaggregated into categories that depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by
economic factors.

Our revenue has been disaggregated into categories
that depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The categories
of the majority or our revenue during the years ended December 31, 2024 and 2023 are as follows:

| ● | Advertising and Sponsorships – we entered into advertising and sponsorship agreements which typically are for 1 to 3 years. Our performance obligation under these agreements is to display sponsors’ name and image at contractually agreed to events. We recognize revenue over the terms of the agreements in line with the performance obligations included within each agreement based on the sponsorship rights enjoyed by the sponsor. In instances where the rights remain the same over the duration of the agreement, revenue is recognized as performance obligations are satisfied evenly over time, i.e. on a straight-line basis. Recognizing revenue in this category requires significant estimation and judgment. |

| ● | Ticketing – we sold tickets to our sporting events both for an entire season and on a single ticket basis. For any tickets, we recognized revenue at the time the ticket is sold. |

| ● | Youth League – we operated volleyball schools for younger ages. We recognize revenue over the school term. |

| ● | Store – we sold merchandise at events. We recognize revenue at point of sale. |

| ● | Player Transfers