Accounting standard newly cited
Filing comparison
RESEARCH FRONTIERS INC cited accounting standards ASU 2023-07, ASU 2023-09 for the first time in this filing series
In 2024, the Company adopted the provisions of ASU 2023-07, “Segment Reporting”.
Evidence
- Adopted
- 2023-07, 2023-09
- Contexts
- In 2024, the Company adopted the provisions of ASU 2023-07, “Segment Reporting”., … eferred tax liabilities: Lease liability 220,000 257,000 Total gross deferred tax liabilities 220,000 257,000 Valuation allowance (13,582,000 ) (13,981,000 ) Net deferred tax $ - $ - Upon adoption of ASU 2023-09, Improvements in Income Tax Disclosures, as described in Note 2, the reconciliation of income taxes at the federal statutory rate to our provision for (benefit from) income taxes for the…
- New standards
- 2023-07, 2023-09
- Prior filed
- 2025-04-16
- Prior form
- 10-K/A
- 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.