Quarterly report [Sections 13 or 15(d)]

Note 18 - Recent Accounting Pronouncements

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Note 18 - Recent Accounting Pronouncements
3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Recent Accounting Pronouncements [Text Block]

18.

Recent Accounting Pronouncements

 

In  November 2024, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("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.