Revenue recognition change
beta
Filing comparison
Axil Brands, Inc. changed its revenue recognition disclosure
Revenue from marketing services and extended warranties is recognized over time as the related services are performed.
Evidence
- New language
- Revenue from marketing services and extended warranties is recognized over time as the related services are performed., Revenue recognized over time, consisting of marketing services and extended warranties, was approximately $801,309 and $879,256 for the years ended May 31, 2026 and 2025, respectively., Performance obligations include the delivery of products, delivery of marketing services and, when purchased separately, extended warranty services.
- Prior filed
- 2025-08-21
- Prior form
- 10-K
- Similarity
- 0.22
- 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:
- Revenue from marketing services and extended warranties is recognized over time as the related services are performed.
- Revenue recognized over time, consisting of marketing services and extended warranties, was approximately $801,309 and $879,256 for the years ended May 31, 2026 and 2025, respectively.
- Performance obligations include the delivery of products, delivery of marketing services and, when purchased separately, extended warranty services.