Regulation S-X Rule 3-05(e) permits a registrant to provide abbreviated financial statements for an acquired or to be acquired business that include a statement of assets acquired and liabilities assumed and a statement of comprehensive income that is modified to omit certain expenses such as corporate expenses if certain criteria are met. In addition, in certain circumstances, Regulation S-X Rule 3-05(f)(2) allows oil and gas companies to present a statement of revenues and expenses that excludes expenses not comparable to the proposed future operations, such as depreciation, depletion and amortization, corporate overhead, income taxes, and interest for debt that will not be assumed.

Refer to SEC 4550.32 and SEC 4550.6 for further guidance on the use of abbreviated financial statements and relevant considerations when a registrant does not meet the criteria set forth in S-X Rule 3-05(e) but believes abbreviated financial statements would provide sufficient disclosure for investors.