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Quarterly report [Sections 13 or 15(d)]

Note 2 - Accounting Standards

v3.25.1
Note 2 - Accounting Standards
 3 Months Ended
Mar. 31, 2025
Notes to Financial Statements Ìý
Accounting Standards Update and Change in Accounting Principle [Text Block]

2. ACCOUNTING STANDARDS

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RECENTLY ADOPTED ACCOUNTING STANDARD

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On January 1, 2025, we adopted Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures; however, the required disclosures are effective for our 2025 annual reporting period and interim reporting periods within fiscal years beginning after December 15, 2025. We are currently evaluating the impact of the adoption of this accounting standard on the related disclosures.

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ACCOUNTING STANDARDÌýPENDING ADOPTION IN FUTURE PERIODS

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TheÌýfollowing relevantÌýaccountingÌýstandardÌýbecomesÌýeffectiveÌýsubsequentÌýtoÌýfiscal year 2025,Ìýand weÌýare currently evaluating the impact of the future adoption of this accounting standardÌýonÌýthe related disclosures:

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FASB ASU No. 2024-03, Income Statement�Reporting Comprehensive Income�Expense Disaggregation Disclosures (Topic 220-40): Disaggregation of Income Statement Expenses, effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027

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