Revenue recognition change
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Filing comparison
NAPC Defense, Inc. changed its revenue recognition disclosure
The core principles in ASC 606 include the following: a contract with a customer creates distinct contract assets and performance obligations, satisfaction of a performance obligation creates revenue, and a performance obligation is satisfied upon transfer of control to a good or service to a customer.
Evidence
- Prior filed
- 2025-09-19
- Prior form
- 10-K/A
- Similarity
- 0.05
- 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 core principles in ASC 606 include the following: a contract with a customer creates distinct contract assets and performance obligations, satisfaction of a performance obligation creates revenue, and a performance obligation is satisfied upon transfer of control to a good or service to a customer.
- Revenue is recognized by evaluating our revenue contracts with customers based on the five-step model under ASC 606: