OLENOX INDUSTRIES INC. cited accounting standard ASU 2023-08 for the first time in this filing series
The Company adopted ASU 2023-08, Intangibles — Goodwill and Other — Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets, effective January 1, 2025.
Evidence
- Adopted
- 2023-08
- Adoption year stated
- 2025
- Contexts
- The Company adopted ASU 2023-08, Intangibles — Goodwill and Other — Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets, effective January 1, 2025.
- New standards
- 2023-08
- Prior filed
- 2026-07-31
- Prior form
- 10-Q
- Restates existing policy
- No
- Source
- accounting standards update (ASU) reference comparison
- Why
- The summary of significant accounting policies changed materially from the previous comparable filing.