Annual report [Section 13 and 15(d), not S-K Item 405]

Note 22 - Recent Accounting Pronouncements

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Note 22 - Recent Accounting Pronouncements
12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Recent Accounting Pronouncements [Text Block]

22. Recent Accounting Pronouncements

 

In November 2024, the FASB issued ASU 2024-03, "Disaggregation of Income Statement Expenses," which requires disaggregated disclosure of income statement expenses into specified categories in disclosures within the footnotes to the financial statements. The standard is effective for annual periods beginning after December 15, 2026. The Company is in the process of evaluating the standard's updated disclosure requirements. 

 

In December 2023, the FASB issued ASU 2023-09, "Improvements to Income Tax Disclosures," which enhances disclosure around income taxes. The standard is effective for annual periods beginning after December 15, 2024. The Company is in the process of evaluating the standard’s updated disclosure requirements.