RenX Enterprises Corp. changed its revenue recognition disclosure
The Company recognizes revenue from the sale of materials (compost, soil and mulch) as well as the collection and disposal services of waste, which at times, is produced into saleable materials.
Evidence
New language
The Company recognizes revenue from the sale of materials (compost, soil and mulch) as well as the collection and disposal services of waste, which at times, is produced into saleable materials., Such revenue is recognized at the point in time when control of the product transfers to the customer, which typically occurs upon delivery or customer pickup at the Company’s facility.
Prior filed
2025-03-31
Prior form
10-K
Similarity
0.261
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:
The Company recognizes revenue from the sale of materials (compost, soil and mulch) as well as the collection and disposal services of waste, which at times, is produced into saleable materials.
Such revenue is recognized at the point in time when control of the product transfers to the customer, which typically occurs upon delivery or customer pickup at the Company’s facility.
RenX Enterprises Corp. filed its annual report late and said it expects a significant change in results
expects significant change in results1 day past the statutory due date.
Although the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 (the “Annual Report”) had been fully prepared within the prescribed time period, the Company was unable to complete the necessary iXBRL tagging and testing without unreasonable effort or expense. Once completed, the Annual Report, along with the required iXBRL, will be filed with the Securities and Exchange Commission.
Evidence
Anticipates significant change
Yes
Days past due date
1
Routine
No
Severity
elevated
Source
Form 12b-25 (notification of late filing)
Stated reason
Although the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 (the “Annual Report”) had been fully prepared within the prescribed time period, the Company was unable to complete the necessary iXBRL tagging and testing without unreasonable effort or expense. Once completed, the Annual Report, along with the required iXBRL, will be filed with the Securities and Exchange Commission.
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.