Recent Accounting Pronouncements |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Accounting Changes and Error Corrections [Abstract] | |
| Recent Accounting Pronouncements | (3) Recent Accounting Pronouncements
The Company regularly monitors and evaluates new accounting standards issued by the Financial Accounting Standards Board (“FASB”).
In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which expands disclosure requirements for reportable segments. The amendments are effective for fiscal years beginning after December 15, 2023. The Company is currently evaluating the impact of this standard on its consolidated financial statement disclosures.
In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires enhanced disclosures related to income taxes. The amendments are effective for fiscal years beginning after December 15, 2024. The Company is currently evaluating the impact of this standard.
Other than the standards described above, management does not believe that any recently issued, but not yet effective, accounting pronouncements would have a material impact on the Company’s consolidated financial position, results of operations, or cash flows. |