Accounting standard newly cited
Filing comparison
Angel Studios, Inc. cited accounting standard ASU 2023-08 for the first time in this filing series
The Company has adopted ASU No. 2023-08, which requires us to measure our bitcoin holdings at fair value in our statement of financial position, and to recognize gains and losses from changes in the fair value of our bitcoin in net income each reporting period.
Evidence
- Adopted
- 2023-08
- Contexts
- The Company has adopted ASU No. 2023-08, which requires us to measure our bitcoin holdings at fair value in our statement of financial position, and to recognize gains and losses from changes in the fair value of our bitcoin in net income each reporting period.
- New standards
- 2023-08, 2024-03, 2025-01, 2025-06, 2025-11, 2025-12
- Prior filed
- 2025-04-15
- 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.