Revenue recognition change
beta
Filing comparison
Stereotaxis, Inc. changed its revenue recognition disclosure
The Company’s contracts for system sales generally have multiple performance obligations.
Evidence
- New language
- The Company’s contracts for system sales generally have multiple performance obligations., Auditing the timing and amount of revenue recognized for system sales required significant auditor judgment because it involves several subjective management assumptions and estimates including the identification of performance obligations within the contracts, the estimation of the standalone selling price of each…, How We Addressed the Matter in Our Audit To test system revenue, our audit procedures included, among others, testing management’s identification of the performance obligations and the allocation of the transaction price to each performance obligation by performing an independent assessment of customer contracts and…
- Prior filed
- 2026-03-12
- Prior form
- 10-K
- Similarity
- 0.003
- Source
- revenue recognition note comparison
- Threshold
- 0.6
- Why
- The revenue recognition policy disclosure changed materially from the previous comparable filing.
Language present now, absent from the prior filing:
- The Company’s contracts for system sales generally have multiple performance obligations.
- Auditing the timing and amount of revenue recognized for system sales required significant auditor judgment because it involves several subjective management assumptions and estimates including the identification of performance obligations within the contracts, the estimation of the standalone selling price of each…
- How We Addressed the Matter in Our Audit To test system revenue, our audit procedures included, among others, testing management’s identification of the performance obligations and the allocation of the transaction price to each performance obligation by performing an independent assessment of customer contracts and…