GMTech Inc.

New language

For the wholesale of smartphones, the Company typically signs sales contracts with customers which will set forth the terms and conditions including the transaction price, products to be delivered, terms of delivery, and terms of payment., The terms serve as the basis of the performance obligations that the Company shall fulfill in order to recognize revenue.

Prior filed

2025-01-10

Prior form

10-K

Similarity

0.193

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:

• For the wholesale of smartphones, the Company typically signs sales contracts with customers which will set forth the terms and conditions including the transaction price, products to be delivered, terms of delivery, and terms of payment.
• The terms serve as the basis of the performance obligations that the Company shall fulfill in order to recognize revenue.

Anticipates significant change

No

Days past due date

0

Other periodic reports filed

Yes

Routine

No

Severity

elevated

Source

Form 12b-25 (notification of late filing)

Stated reason

The Registrant’s Annual Report on Form 10-K for the year ended October 31, 2025, could not be filed within the prescribed time period because the Company needs additional time to complete the financial statements and to prepare the Form 10-Q. The registrant anticipates that it will require no more than the additional 15 days allowed to complete and file the Form 10-K.

Why

The company told the SEC it could not file a periodic report on time, using Form 12b-25.