RECENT ACCOUNTING STANDARDS UPDATE ("ASU")

12 Months Ended

Dec. 31, 2024

RECENT ACCOUNTING STANDARDS UPDATE ("ASU")

RECENT ACCOUNTING STANDARDS UPDATE ("ASU")

3. RECENT ACCOUNTING STANDARDS UPDATE (“ASU”)

New Accounting Standards Adopted in 2024:

ASU 2023-07, Segment Reporting (Topic 280); Improvements to Reportable Segment Disclosures

The amendments in this ASU are intended to improve reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses. For public business entities, the amendments were effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. The Company adopted this guidance effective December 31, 2024. See Note 27.

Pending Accounting Standards:

None.