These 12 contracts are synthetic, from the repo's corpus, and were reviewed with the offline rules extractor, not a model, at commit 86f7af4. Source on GitHub
ASC 606 review. 3 matters for judgment, 0 failed checks.
The contract contains variable consideration: volume rebate. No ceiling was found for it.
Volume Rebate If Customer's licensed user count exceeds one thousand two hundred (1,200) at any point during a contract year, Nimbus will credit Customer with a rebate equal to five percent (5%) of the fees invoiced for…3 Volume Rebate · p.1
Why this is not answered here: How much variable consideration to include requires an estimate of the probability of a significant reversal, which draws on the entity's own history with similar contracts.
Payment of the fixed consideration is spread over 48 months, beyond the 12-month practical expedient. A statement in the contract that no interest is charged does not answer the question -- it is part of what raises it.
Payment Schedule Notwithstanding Section 3 of the Agreement, the committed fees are payable as follows: twenty-five percent (25%), being USD 300,000, on execution of this Order Form; and the balance of USD 900,000 in fo…2 Payment Schedule · p.1
Why this is not answered here: Whether extended payment terms convey financing depends on the intent behind them and on prevailing rates at inception, neither of which the contract states.
2 performance obligations are sold together, so the transaction price has to be allocated between them on relative standalone selling price. The document prints a list rate for 2 of them, which is an input to the estimate and not a substitute for it.
affects Enterprise Platform subscription (60 months); Enterprise Support, 60 months
Enterprise Platform subscription (60 months) USD 1,380,000 USD 1,050,0001 Subscription · p.1
Enterprise Support, 60 months USD 195,000 USD 150,0001 Subscription · p.1
Why this is not answered here: Standalone selling price is what the entity would charge selling separately. A contract records what it charged this customer on this deal -- the two only coincide by accident.
| Check | Result | Detail |
|---|---|---|
| Both parties identified | passed | Nimbus Analytics, Inc. contracting with Northgate Financial Services, Inc.. |
| Effective date identified | passed | Effective 2025-10-09. |
| Currency identified | passed | Amounts are stated in USD. |
| Fee schedule foots to the stated total | passed | 2 priced items sum to 1200000, matching the stated total. |
| Every obligation carries a price | passed | All 2 identified obligations have a stated price. |
| Recognition pattern evidenced for each obligation | not applicable | No reading of how control transfers was attempted for: Enterprise Platform subscription (60 months), Enterprise Support, 60 months. The offline extractor does not attempt it; run the model extractor to get an answer here. |
| Promise | Type | Stated price | List rate | Recognition |
|---|---|---|---|---|
Enterprise Platform subscription (60 months)
Enterprise Platform subscription (60 months) USD 1,380,000 USD 1,050,0001 Subscription · p.1 |
saas subscription | 1050000 | 1380000 | not evidenced |
Enterprise Support, 60 months
Enterprise Support, 60 months USD 195,000 USD 150,0001 Subscription · p.1 |
support | 150000 | 195000 | not evidenced |
| Term | Type | Cap | Fixed by the contract |
|---|---|---|---|
A rebate is payable if a volume threshold is exceeded.
Volume Rebate If Customer's licensed user count exceeds one thousand two hundred (1,200) at any point during a contract year, Nimbus will credit Customer with a rebate equal to five percent (5%) of the fees invoiced for…3 Volume Rebate · p.1 |
volume rebate | none stated | no |
| Customer |
Northgate Financial Services, Inc.
extracted ("Nimbus") and Northgate Financial Services, Inc. ("Customer") under the Master Subscription Agreement between the parties dated June 30, 2023.Preamble · p.1 |
| Supplier |
Nimbus Analytics, Inc.
extracted ORDER FORM NA-OF-2025-0412 Enterprise Agreement -- Nimbus Analytics, Inc. and Northgate Financial Services, Inc. This Order Form is entered into as of October 9, 2025 between Nimbus Analytics, Inc. ("Nimbus") and Northg…Preamble · p.1 |
| Agreement type |
order_form
extracted ORDER FORM NA-OF-2025-0412 Enterprise Agreement -- Nimbus Analytics, Inc. and Northgate Financial Services, InPreamble · p.1 |
| Amends | not found |
| Effective date |
2025-10-09
extracted This Order Form is entered into as of October 9, 2025 between Nimbus Analytics, Inc.Preamble · p.1 |
| Stated term (months) |
60
extracted Subscription The Subscription Term commences on January 1, 2026 and continues for sixty (60) months.1 Subscription · p.1 |
| Auto-renews | not found |
| Termination for convenience |
no
extracted Termination Customer may not terminate this Order Form for convenience.4 Termination · p.1 |
| Termination notice (days) | not found |
| Termination compensation | not found |
| Currency |
USD
extracted Item List Rate Fee Enterprise Platform subscription (60 months) USD 1,380,000 USD 1,050,000 Enterprise Support, 60 months USD 195,000 USD 150,000 Total committed fees USD 1,575,000 USD 1,200,000 2.1 Subscription · p.1 |
| Total fixed consideration |
1200000
extracted Total committed fees USD 1,575,000 USD 1,200,0001 Subscription · p.1 |
| Payment terms (net days) |
30
extracted Each instalment is payable within thirty (30) days of the invoice date.2 Payment Schedule · p.1 |
| Billing frequency | not found |
| Upfront fee | not found |
| Upfront fee refundable | not found |
| Payment spread (months) |
48
extracted Payment Schedule Notwithstanding Section 3 of the Agreement, the committed fees are payable as follows: twenty-five percent (25%), being USD 300,000, on execution of this Order Form; and the balance of USD 900,000 in fo…2 Payment Schedule · p.1 |
| Renewal term (months) | not found |
| Renewal price | not found |
| Renewal described as discounted | not found |
| Third-party components | not found |