Note 19 - Recently Issued Accounting Pronouncements

9 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Accounting Standards Update and Change in Accounting Principle [Text Block]

19. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

The Company's significant accounting policies are described in Note 1 in Item 8 of the Annual Report. During the nine months ended September 30, 2025, the Company adopted a new accounting policy related to the Deferred Costs - Agave Venture, see Note 5 to our unaudited condensed consolidated financial statements.

In  December 2023, the FASB issued ASU 2023-09, Income Taxes (ASC Topic 740), which requires public business entities to provide disclosure of specific categories in the rate reconciliation, as well as disclosure of income taxes paid disaggregated by jurisdiction on an annual basis. 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 adopting ASU 2023-09. 

In  November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (ASC Topic 220), which requires public entities to disclose information about purchases of inventory, employee compensation, depreciation, intangible asset amortization, and depletion for each income statement line item that contains those expenses. ASU 2024-03 is effective for fiscal years beginning after  December 15, 2026 and interim periods within annual reporting periods beginning after  December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2024-03.