Accounting standard newly cited
Filing comparison
Cenntro Inc. cited accounting standard ASU 2020-06 for the first time in this filing series
Convertible promissory notes The Company adopted ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20), effective for the year ended June 30, 2025.
Evidence
- Adopted
- 2020-06
- Adoption year stated
- 2025
- Contexts
- Convertible promissory notes The Company adopted ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20), effective for the year ended June 30, 2025.
- New standards
- 2020-06, 2023-09, 2024-03, 2025-01, 2025-05
- Prior filed
- 2025-04-01
- Prior form
- 10-K
- Restates existing policy
- No
- Source
- accounting standards update (ASU) reference comparison
- Why
- An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.