TANICO Inc. disclosed substantial doubt about its ability to continue as a going concern
No going-concern disclosure→Substantial doubt about ability to continue as a going concern
As reflected in the financial statements, the Company is in a startup mode; it had an accumulated deficit of $69,940 and a working capital deficit of $36,690 at December 31, 2025. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company is devoting substantially all of its current efforts to establishing the business and its planned principal operations have not commenced. The Company is attempting to commence operations and generate sufficient revenue; however, the Company’s cash position may not be sufficient to support its daily…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
going-concern note
Prior filed
2025-08-08
Prior form
10-Q
Prior state
none
Prior state label
No going-concern disclosure
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
TANICO Inc. cited accounting standard ASU 2014-09 for the first time in this filing series
The filing states this standard was adopted in 2018, so this is the first time it has been cited in this series rather than a change of policy in the current period.
Revenue Recognition The Company adopted ASU 2014-09, Topic 606 on April 1, 2018, using the modified retrospective method.
Evidence
Adopted
2014-09
Adoption year stated
2018
Caveat
The filing states this standard was adopted in 2018, so this is the first time it has been cited in this series rather than a change of policy in the current period.
Contexts
Revenue Recognition The Company adopted ASU 2014-09, Topic 606 on April 1, 2018, using the modified retrospective method.
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.