1. Let us know your CCC and CIK codes and provide any special instructions by completing the Client Information Form. If you are a new filer, SEC Wizard will assist you in filing the Form IDs required to establish your company as a registered filer with the SEC.
2. If your filing includes fees, we will confirm the fees owing and ensure there are sufficient funds in your SEC account. We will also check to ensure your filing codes are correct and in working order.
3. Send us the documents to be filed to firstname.lastname@example.org and give us a call to ensure we have received your documents.
4. Our staff will convert the submitted documents into the SEC EDGAR HTML format. Please note we can EDGARize documents from WORD, EXCEL and PDF formats. All documents will also be converted to XBRL formats (required by the SEC). Complete submission packages will be returned to you by email for review and approval.
5. SEC Wizard support staff is available to assist you regarding any aspect of the submission package. All revisions/corrections/edits can be completed timely and re-submitted to you for review.
6. Once we receive your final approval, we will formally submit the filing to the SEC on your behalf. Once the filing has been accepted by the SEC, the acceptance letter will be forwarded to you by email.
Note: XBRL (eXtensible Business Reporting Language) is a standard used to define and exchange business and financial performance information. The purpose of using XBRL in regulatory filing is to uniquely code numbers within financial statements allowing computer programs to easily identify, extract, and compare them. XBRL interactive data is for computer programs to read and interpret. There are XBRL viewing tools available; however, the presentation of XBRL information on screen will not be identical to the financial statements included in SEC EDGAR filings.
In order to complete XBRL filing requirements for the SEC as part of an EDGAR filing, extra steps will be added to the filing process. As a result the process will become more extensive and turnaround time will increase. While XBRL interactive data may offer cost savings and efficiencies in some situations, most issuers generating XBRL interactive data strictly for regulatory filing purposes can expect costs to increase. Issuers will need to finalize financial statements several days prior to a deadline to ensure sufficient time is available to prepare and finalize the XBRL component of the EDGAR filing. Issuers will also need to either obtain or develop an XBRL resource to assist in the creation of XBRL interactive data.
The XBRL process has been portrayed as simply “barcoding” numbers in an issuer’s financial statements. This is inaccurate. The end result of the XBRL process is “barcoding,” but is trivial when compared to the prior tasks of both understanding XBRL and mapping line items to XBRL codes to construct a set of core “taxonomy” files for the issuer.