# ASC 225-915: Income Statement — Development Stage Entities Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/225/915/) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:09:10.440Z to 2026-09-09T23:09:21.836Z Record version: sha256:492df73ff85fc1bb5f5d2f9a7b95724a11297cb806f720d953a0031ce9042964 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-915: Income Statement — Development Stage Entities ### Machine-generated study aids ```json { "summary": "This subtopic formerly prescribed how a development stage entity presented its income statement — most notably cumulative amounts of revenues and expenses from inception. Every paragraph (225-915-05-1, 15-1, and 45-1) was superseded by ASU 2014-10, which eliminated the concept of a development stage entity from U.S. GAAP.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there are no remaining presentation requirements in ASC 225-915.", "key_points": [ "All content of this subtopic is superseded: 225-915-05-1 (overview), 225-915-15-1 (scope), and 225-915-45-1 (other presentation matters) were each superseded by Accounting Standards Update No. 2014-10.", "ASU 2014-10 removed the definition and incremental reporting requirements for development stage entities, so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statement presentation guidance as all other entities (ASC 225 and, currently, ASC 220).", "Because the paragraphs are superseded, no recognition, measurement, or disclosure rule may be cited from ASC 225-915 in current-GAAP financial statements.", "Researchers encountering pre-2014 financial statements should consult the superseded ASC 915 guidance and ASU 2014-10's transition provisions (retrospective application) rather than this subtopic."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" ] } ``` Source downloaded (UTC): 2026-09-09T23:09:10.440Z to 2026-09-09T23:09:10.440Z Record version: sha256:075d8ef3708bb77e9e8071b409c766f896293fc901e9de87cf0be122da4886b4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-915-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/225/915/#00-status) SEC content: no ##### [225-915-00-1](https://asc.understandingaccounting.org/asc/225/915/#225-915-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:09:10.440Z to 2026-09-09T23:09:10.440Z Record version: sha256:269528c12f386b057836ce07b20e06ade8a64dc12706c0ee2833725eb0b9a4f9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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
Source downloaded (UTC): 2026-09-09T23:09:13.206Z to 2026-09-09T23:09:13.206Z Record version: sha256:0ce082b74fa8b95e938a91b26292311fa6e8092a8e67ab0edc2d3a8c8b25f082 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-915-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/225/915/#05-overview-and-background) SEC content: no ##### [225-915-05-1](https://asc.understandingaccounting.org/asc/225/915/#225-915-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:09:13.206Z to 2026-09-09T23:09:13.206Z Record version: sha256:07cba4016ddd06c09f09226d2e35a3f3673159288d91d2ec95b3c9ad2e3585b8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-10](https://asc.understandingaccounting.org/updates/asu-2014-10/). Source downloaded (UTC): 2026-09-09T23:09:17.025Z to 2026-09-09T23:09:17.025Z Record version: sha256:93b975b339e9cc0352d12b18b53fb173dcf3490cd5dadcf2d19a045da3f1990f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-915-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/225/915/#15-scope-and-scope-exceptions) SEC content: no ##### [225-915-15-1](https://asc.understandingaccounting.org/asc/225/915/#225-915-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:09:17.025Z to 2026-09-09T23:09:17.025Z Record version: sha256:e842b7a7d7b2506004221100bf3b52a8be3282e8e8f502590b48db976602e511 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-10](https://asc.understandingaccounting.org/updates/asu-2014-10/). Source downloaded (UTC): 2026-09-09T23:09:19.218Z to 2026-09-09T23:09:19.218Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-915-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/225/915/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-09T23:09:21.836Z to 2026-09-09T23:09:21.836Z Record version: sha256:60240fc53e53591560315713f7902a279ac2493f41875cc7a19efe81143ad615 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-915-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/225/915/#45-other-presentation-matters) SEC content: no ##### [225-915-45-1](https://asc.understandingaccounting.org/asc/225/915/#225-915-45-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:09:21.836Z to 2026-09-09T23:09:21.836Z Record version: sha256:bb384cdea4058cef34ae6604b9390c2f1ddba57459da4a0f88cce65c740719d1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-10](https://asc.understandingaccounting.org/updates/asu-2014-10/).