What is XBRL and How Does it Work?

XBRL Filing Services

XBRL stands for eXtensible Business Reporting Language. XBRL is an XML database that has nomenclature assigned to the numbers in the 20-F or 40-F filing. It is also a mechanical requirement that's filed as an additional exhibit at the same time as the 20-F filing.

The many benefits of using XBRL filing services include:
  • Improve the flow: XBRL’s “smart” data provides accurate and detailed information built right into each data point.
  • Increase visibility: Financial and business information data can be easily searched, extracted and downloaded directly from SEC filings.
  • Research: XBRL is the preferred, trusted method to research the competition, markets, sectors, trends and peers.
  • Financial reporting: The XBRL file becomes the official data feed for millions of investors, shareholders and third-party investment portals.
Issuer Direct has specialists available 24-7 to answer any questions and assist you with our tools. Request a demo and learn more today!
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XBRL Filing

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