Significant Accounting Policies and Recent Accounting Pronouncements (Policies) |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Significant Accounting Policies and Recent Accounting Pronouncements [Abstract] | |
| Recent Accounting Pronouncements |
Recent Accounting Pronouncements: In April 2026, the FASB issued ASU 2026-01, Equity (Topic 505): Initial
Measurement of Paid-in-Kind Dividends on Equity-Classified Preferred Stock. The amendments in this update require entities to initially measure paid-in-kind (“PIK”) dividends on equity-classified preferred stock using the PIK
dividend rate stated in the preferred stock agreement, rather than at fair value. The ASU is effective for annual periods beginning after December 15, 2026, including interim periods within those fiscal years, with early adoption
permitted. The Company is currently evaluating the impact of this ASU on its consolidated financial statements.
In May 2026, the FASB issued ASU 2026-02, Environmental Credits and Environmental Credit Obligations (Topic 818), which establishes guidance for the recognition, measurement, presentation and disclosure of environmental credits and related environmental credit obligations. The amendments are effective for annual reporting periods beginning after December 15, 2027, including interim periods within those annual reporting periods, with early adoption permitted, and are required to be applied retrospectively. The Company is currently evaluating the impact of adopting this guidance on its consolidated financial statements and related disclosures. |