Revenue recognition change
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Filing comparison
Axil Brands, Inc. changed its revenue recognition disclosure
Revenue is recognized in an amount that reflects the consideration the Company expects to be entitled to in exchange for transferring goods or services to customers.
Evidence
- Prior filed
- 2025-08-21
- Prior form
- 10-K
- Similarity
- 0.268
- 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:
- Revenue is recognized in an amount that reflects the consideration the Company expects to be entitled to in exchange for transferring goods or services to customers.
- Revenue from marketing services and extended warranties is recognized over time as the related services are performed.
- Revenue recognized over time, consisting of marketing services and extended warranties, was approximately $801,309 and $879,256 for the years ended May 31, 2026 and 2025, respectively.