Organization and Summary of Significant Accounting Policies: Measurement of Credit Losses for Accounts Receivable and Contract Assets Policy (Policies) |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Policies | |
| Measurement of Credit Losses for Accounts Receivable and Contract Assets Policy | Measurement of Credit Losses for Accounts Receivable and Contract Assets - In July 2025, the FASB issued guidance that provides a practical expedient that all entities can use to simplify the estimation of expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under ASC 606, Revenue from Contracts with Customers.
Under this practical expedient, an entity is allowed to assume that the current conditions it has applied in determining credit loss allowances for current accounts receivable and current contract assets remain unchanged for the remaining life of those assets. The guidance is effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods in those years, with early adoption permitted. Entities that elect the practical expedient are required to apply the amendments prospectively. The Company has adopted this guidance on January 1, 2026, and the adoption did not have a material impact on the financial statements or disclosures and the Company does not have any accounts receivables or contract assets. |