What is Inline XBRL and how will it affect you?
Today, filers submit their financial information to the SEC in two separate formats: HTML and XBRL. Maintaining these two formats with identical financial information is not only time-consuming, but will result in errors if the information in those formats is not kept in perfect alignment. Inline XBRL was designed to keep the human-readable HTML format of the financial statements the same when viewed in a web browser while adding the XBRL tagging to those statements. This allows you to incorporate your XBRL tags into your HTML-formatted financial statements, rather than filing a separate XBRL instance document. Inline XBRL highlights SEC's commitment to structured data by making XBRL easier to consume and reducing regulatory burdens on registrants.
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