XML 42 R12.htm IDEA: XBRL DOCUMENT v3.22.0.1
RECENT ACCOUNTING PRONOUNCEMENTS
 12 Months Ended
Dec. 31, 2021
RECENT ACCOUNTING PRONOUNCEMENTS  
RECENT ACCOUNTING PRONOUNCEMENTS

3.  RECENT ACCOUNTING PRONOUNCEMENTS

Recent Accounting Pronouncements – Adopted

In December 2019, the FASB issued Accounting Standards Update (“ASU”) 2019-12, Income Taxes (Topic 740) – Simplifying the Accounting for Income Taxes. This ASU removed certain income tax exceptions and modifies existing guidance to simplify the accounting for income taxes. For public entities, the update was effective for fiscal years and interim period within those fiscal years, beginning after December 15, 2020. The Company adopted this ASU on January 1, 2021, which did not result in a material impact to the consolidated financial statements and disclosures.

Recent Accounting Pronouncements – Issued, not yet Adopted

There were no applicable material accounting pronouncements that have been issued but were not yet adopted as of December 31, 2021.