XML 22 R11.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Foreign Currency Translation
6 Months Ended
Jun. 30, 2024
Foreign Currency [Abstract]  
Foreign Currency Translation

Note 3.  Foreign Currency Translation

 

The functional currency of our subsidiary in the United Kingdom is the British Pound. Assets and liabilities are translated into U.S. dollars at the exchange rates in effect at each balance sheet date. Results of operations are translated using the weighted average exchange rates during reporting periods. Related translation adjustments are accumulated in a separate component of shareholders’ equity and transaction gains and losses are recognized in the consolidated statements of operations and comprehensive income when realized.