Note 10 - Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

10 – Accumulated Other Comprehensive Income (Loss)

The following table shows the components of accumulated other comprehensive income (loss) (in thousands):

Balance as of December 31, 2023	$	(2,163	)
Foreign currency translation adjustment		(1,891	)
Balance as of March 31, 2024	$	(4,054	)
Foreign currency translation adjustment		(873	)
Balance as of June 30, 2024	$	(4,927	)
Foreign currency translation adjustment		958
Balance as of September 30, 2024	$	(3,969	)

The functional currency of the Company’s foreign subsidiary, RTC Canada, is its local currency. Results of operations of RTC Canada are translated into USD using the monthly average exchange rates during the year. The assets and liabilities of RTC Canada are translated into USD using the exchange rates in effect on the balance sheet date. The related translation adjustments are recorded in a separate component of stockholders' equity in accumulated other comprehensive loss and the statement of comprehensive income.