Quarterly report [Sections 13 or 15(d)]

RECENT ACCOUNTING STANDARDS

v3.25.1
RECENT ACCOUNTING STANDARDS
3 Months Ended
Mar. 31, 2025
Accounting Changes and Error Corrections [Abstract]  
RECENT ACCOUNTING STANDARDS

16. RECENT ACCOUNTING STANDARDS

 

Accounting Pronouncements Pending

 

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This ASU requires public entities, on an annual basis, to provide disclosure of specific categories in the rate reconciliation, as well as disclosure of income taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of the adoption of this standard on its financial statements but does not expect it to be material.