ADOPTION OF ACCOUNTING STANDARDS

12 Months Ended

Dec. 31, 2025

ADOPTION OF ACCOUNTING STANDARDS

ADOPTION OF ACCOUNTING STANDARDS

2. ADOPTION OF ACCOUNTING STANDARDS

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which provides for improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. This guidance became effective for annual periods beginning after December 15, 2024. The Company has provided income tax disclosures in Note 14 – Income Taxes as of December 31, 2025 and 2024.