ABUNDIA GLOBAL IMPACT GROUP, INC. Revenue Disclosure
NOTE 2—REVENUE FROM CONTRACTS WITH CUSTOMERS
Disaggregation of Revenue from Contracts with Customers
The following table disaggregates revenue by significant product type for the years ended December 31, 2024 and 2023:
| Year Ended December 31, | ||||||||
| 2024 | 2023 | |||||||
| Oil sales | $ | 437,900 | $ | 590,486 | ||||
| Natural gas sales | 8,869 | 79,443 | ||||||
| Natural gas liquids sales | 113,411 | 124,098 | ||||||
| Total revenue from customers | $ | 560,180 | $ | 794,027 | ||||
There were no significant contract liabilities or transaction price allocations to any remaining performance obligations as of December 31, 2024 or 2023.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Feb 24, 2025 | Showing above |
| 2020 | Apr 1, 2021 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.