Recent Accounting Pronouncements And Disclosure Rules |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Recent Accounting Pronouncements And Disclosure Rules [Abstract] | |
| Recent Accounting Pronouncements And Disclosure Rules | Note 17 – Recent Accounting Pronouncements and Disclosure Rules
Pronouncements to be adopted upon the effective date:
In November 2024, the FASB issued ASU 2024-03, “Income Statement Reporting–Comprehensive Income–Expense Disaggregation Disclosures (Subtopic 220-40), Disaggregation of Income Statement Expenses”. The standard update improves the disclosures about a public business entity’s expenses by requiring more detailed information about the types of expenses (including purchases of inventory, employee compensation, depreciation, and amortization) included within income statement expense captions. The guidance will be effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The standard updates are to be applied prospectively with the option for retrospective application. The Company is currently evaluating the impact of adoption of the standard update on its financial statement disclosures. |