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Subsequent events
6 Months Ended
Jun. 30, 2025
Subsequent events  
Subsequent events

8. Subsequent Events

On July 4, 2025, subsequent to the end of the Company’s second quarter, the “One Big Beautiful Bill Act” (OBBBA) was enacted into law. The legislation includes a number of significant tax-related provisions, including changes affecting corporate tax incentives, international tax provisions, and various business credits and deductions.

Pursuant to ASC 740, Income Taxes, the Company will recognize the effects of the OBBBA in the third fiscal quarter of 2025, the period in which the legislation was enacted. The Company is currently evaluating the potential impact of the OBBBA on its financial statements.