RECENTLY ISSUED TECHNICAL ACCOUNTING PRONOUNCEMENTS |
6 Months Ended |
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Jun. 30, 2026 | |
| Accounting Changes and Error Corrections [Abstract] | |
| RECENTLY ISSUED TECHNICAL ACCOUNTING PRONOUNCEMENTS | 2. RECENTLY ISSUED TECHNICAL ACCOUNTING PRONOUNCEMENTS
In November 2024, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2024-03, which requires public companies to provide additional disclosures about certain expense categories included in income statement captions. The guidance is effective for the Company’s annual periods beginning January 1, 2027, and interim periods beginning January 1, 2028. Early adoption is permitted. The guidance is not expected to affect the recognition or measurement of amounts reported in the Company’s condensed consolidated financial statements but will require additional disclosures.
Management does not believe that any other recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s condensed consolidated financial statements.
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- References No definition available.
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- Definition The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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