Accounting standard newly cited
Filing comparison
Cyber Enviro-Tech, Inc. cited accounting standards ASU 2020-06, ASU 2024-04 for the first time in this filing series
Convertible Debt Effective January 1, 2025, the Company adopted ASU 2024-04, Induced Conversions of Convertible Debt Instruments, which clarifies the accounting guidance for settlements of convertible debt instruments that occur after the adoption of ASU 2020-06.
Evidence
- Adopted
- 2020-06, 2024-04
- Adoption year stated
- 2025
- Contexts
- Convertible Debt Effective January 1, 2025, the Company adopted ASU 2024-04, Induced Conversions of Convertible Debt Instruments, which clarifies the accounting guidance for settlements of convertible debt instruments that occur after the adoption of ASU 2020-06., Convertible Debt Effective January 1, 2025, the Company adopted ASU 2024-04, Induced Conversions of Convertible Debt Instruments, which clarifies the accounting guidance for settlements of convertible debt instruments that occur after the adoption of ASU 2020-06.
- New standards
- 2020-06, 2024-04, 2025-05
- Prior filed
- 2025-04-14
- 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.