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The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Development Stage EntitySupersededAccounting Standards Update No. 2014-1006/10/2014
915-225-05-1SupersededAccounting Standards Update No. 2014-1006/10/2014
915-225-15-1SupersededAccounting Standards Update No. 2014-1006/10/2014
915-225-45-1SupersededAccounting Standards Update No. 2014-1006/10/2014
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Paragraph superseded by Accounting Standards Update No. 2014-10.
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Every paragraph (225-915-05-1, 15-1, and 45-1) was superseded by ASU 2014-10, which eliminated the concept of a development stage entity from U.S. GAAP. As a result, there are no remaining presentation requirements in ASC 225-915.","key_points":["All content of this subtopic is superseded: 225-915-05-1 (overview), 225-915-15-1 (scope), and 225-915-45-1 (other presentation matters) were each superseded by Accounting Standards Update No. 2014-10.","ASU 2014-10 removed the definition and incremental reporting requirements for development stage entities, so inception-to-date cumulative income statement amounts are no longer required.","Entities formerly within the development stage entity scope now follow the same income statement presentation guidance as all other entities (ASC 225 and, currently, ASC 220).","Because the paragraphs are superseded, no recognition, measurement, or disclosure rule may be cited from ASC 225-915 in current-GAAP financial statements.","Researchers encountering pre-2014 financial statements should consult the superseded ASC 915 guidance and ASU 2014-10's transition provisions (retrospective application) rather than this subtopic."],"categories":["Presentation","Financial statement presentation","Transition and effective dates"],"audience_level":"introductory","student_note":"This is a \"dead\" subtopic — its only exam-relevant point is that ASU 2014-10 eliminated development stage entity reporting, including cumulative-since-inception income statement amounts. The common mistake is citing old ASC 915/225-915 requirements as if they still apply, or assuming going-concern and risk disclosures were also eliminated (they were not).","related_topics":["915","220","205","235","810"],"key_concepts":["development stage entity","superseded guidance","inception-to-date cumulative amounts","income statement presentation","elimination of incremental reporting requirements"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7edcb40fb87c0c721ae581893cfa07b093924909097fc50daa625d8ccd52f652","downloaded_from":"2026-09-09T23:09:10.440Z","last_downloaded_at":"2026-09-09T23:09:21.836Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"210-915","title":"Development Stage Entities","topic_title":"Balance Sheet","score":0.9389,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aaa18464607b706847192a81e920da63e8ed777d2b8525e8c034c24eafd359a2","downloaded_from":"2026-09-09T22:59:54.936Z","last_downloaded_at":"2026-09-09T23:00:06.175Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"205-915","title":"Development Stage Entities","topic_title":"Presentation of Financial Statements","score":0.9379,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4b58f5841c8520209441fd009bf348857d80934dfe829c026eaea6041ecaadb3","downloaded_from":"2026-09-09T22:54:43.054Z","last_downloaded_at":"2026-09-09T22:54:51.555Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"235-915","title":"Development Stage Entities","topic_title":"Notes to Financial 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